Member Info for r1ck5-focus

Don't agree. I work in manufacturing and even the slightest bit of news or development we advertise and believe me it helps find new customers. It is so easy these days to update a website, post on twitter, let the world know on Facebook. This company was given a big boost from the ipo but we the shareholders have been given nothing for our investment. All we want are photos of the new machines, images of pallets stacking up. New product development images. They are giving us nothing. Find me an article in the pallet trade press about rm2 progress. I'm convinced they are just using the money as their retirement fund.

The Company recorded revenues for the first six months of 2014 of US$0.78m (H1 2013: nil) and a loss after tax for the period of US$22.2 million (H1 2013: US$9.0 million). Doesn't look like the IPO money is going to last too long does it??? They messed up predictions on production figures. Overpaid under performing BOD I think. This company is starting to sound like a joke and I'm embarrassed that I got sucked into the media hype.

@Shatter, another quality appointment maybe but one that requires a high salary. Where is the money coming from? No contracts that we know about?? The ipo money must be quickly running out.

"Mr Blouvac will succeed Ash Mohindra, who has served as Chief Financial Officer of the Company since 2008 and recently signalled to the board his wish to step down after assisting the Company through its successful IPO in January of this year." Successful ??????? Lol not sure about that! How many people does rm2 actually employ all over the world ? I read that the wage bill has doubled since the ipo but what are these people actually doing? Is the new money from our investments just being used to pay wages and topping up the bod pensions fund?? Grrrr!

Any news or is it just because we all been complaining again this week? Surely they haven't taken the selling on eBay seriously?? Lol

Why is this board so quiet? An thing interesting to talk about?

Was just looking on the RM2 website. I'm pretty sure they have introduced a new EUROPal™ EU Specification Pallet. There is a new link to a PDF document with the spec sheet. I don't remember seeing it before. Only the UK and USA Models previously. Progress maybe???

use the search facility on that website site to look for RM2..... No results found!! lol there's a surprise!

Why would you take on another broker? Do u think they are concerned that there is not enough interest in the company anymore due to lack of progress /news? What other markets are there to explore? Surely if the company was making successful progress that the market news alone would generate interest from new parties ? Or have a missed the point of using two brokers???

Nice little mention in the Sunday Mail today. Should generate a little more interest. Fingers crossed!!

Or boyish enthusiasm? Anyone actually has news or just brokers bored for a Friday morning?

I have been tweeting @SharesMagDan to push for information. Can't remember think he was one who wrote article about the ipo. His reply "they said 16 June 'confident' over converting client talks into long-term contracts 'over next 3 to 6 months' - so need to be patient"

Redbike That's about the only photo you will find from anything to do with RM2. I even tried Google street view to look at the new factory but without success :) Are we sure they are not just using the money to top up their own pension funds???

You know the company tagline is "Creating Value in Volume". Where is the volume?? Has there actually been anything manufactured yet? Normally companies like this advertise the fact that production is going well in the trade press or on their website. They have photos of shiny new machinery showing products in production. I haven't seen any photos of pallet mountains that have been produced and waiting for contracts. I drove through Trafford Park in Manchester the other day. There was what looked like a distribution company with a works yard stacked high with thousands and thousands of blue wooden pallets. I will have faith in this company when i see the actual pallets being produced and being shipped out on wagons. Think they need to sack their press officer and get someone in who can make the company look good. Come on RM2.L im £750 quid down at the moment and really not impressed.

All quiet on the western front? Anyone got any news that's worth sharing? Or are you all sitting back waiting for the millions to start rolling in? ;)

This company is turning into a big joke now. Im sure the directors who are buying up shares must have another source of income from the company. Why would they waste their own cash if SP is getting worse everyday. there are some interesting comments today on interactive investor forums from users

This is surely getting beyond a joke. Anyone heard or read anything? Have they started production of new pallets? New factory facilities? Contracts? New people? Looking like a very poorly managed company at the moment. NOT IMPRESSED!!

This is a very rookie question from a very novice share buyer to but today there were 557,577 shares purchased and only 49,836 sold. Surely this amount should cause a bigger movement in share price? please can someone explain? cheers

Does that mean if we all keep quiet and stop moaning then the share price will move upwards??? I doubt it :)

I asked the question on their twitter this morning lol but doesn't look like they use it. I tried find Sir Stuart Rose twitter also but had no success. It certainly doesn't impress one little bit at the moment. I guess we are only the little people who are all stuck now. I'm 25% down.