Back in November 2008 we wrote ‘Wireless Ronin Stock Dips Below $1‘ and reported that their stock traded at a market capitalization approximately USD 1 million above the cash on hand. Even the mighty Gill Berba from WireSpring was driven to write at the time ‘Wireless Ronin (RNIN) takes a beating. Will they survive?‘
Perhaps RNIN should have said back then “The reports of my death are greatly exaggerated” because as their stock hurtles back down towards a dollar we give them until Christmas until they run out of cash and are gone for good.
Even the good guys they managed to recruit 12 months ago are leaving – as we reported ‘Veit Q. Tran Leaves Ronin‘ in April.