RGSE - RGS Energy - Failure To Turn Purchase Orders Into Revenue Raises Likelihood Of Reverse Split And Dilution

It truly pains us to write this article. As our followers know, we were very, very optimistic about RGS Energy's (OTC:OTC:RGSE) prospects in our prior articles. However, those articles noted that our outlook would change if the company failed to turn its sales into revenue.

And that is exactly what has happened. The company has generated virtually no cash from its so-called "purchase orders." Anyone who invested in the company last year when the CEO Dennis Lacey was touting "over $127 million" in "written reservations from roofing companies" knows that