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I only post on boards that I have owned or own stock in. I made money on this. Sorry that you missed the opportunity to profit on RVUE.
I never owned this crap lol.
Folks know who stood where here. They aren't that dumb, no need to obfuscate now. The symbol is deleted and all is lost.
No the company said they were liquidating. You should have sold after the document to dissolved was filed. Had about a week to sell. NOT rocket science.
Hear what? That false information crowed wiped everyone out?
I heard.
You did not hear??? That is your problem.
Didn't hear her crowing about reverse merger and NOL's.
I think you got the wrong culprits.
The company said they were dissolving.
The false information was blared on social media. Ahhhhh..
That's what I thought at least, and I sure put my money where my mouth was.
$RVUE
Coach from the mouth of Cheds and xZx Rvue is the best OTC on the market. Billionaire knows what he is doing. $12 is possible after all said and done.
Listen guys. I'm the least savvy stock person on this board. But I invested here though I was very skeptical. I would say check my post history, but XzX deleted most of them.
Bottom line here is this... company clearly stated (more than once) that all shareholder value would be lost. Two people (in particular) defended that by saying "it's all part of the process". I called BS repeatedly.
But I kept a small amount in just in case they were right.
Guess what... the guys that used all the big vocabulary words were full of crap. Lol.
We all got wiped out. And the people here that defended Roche relentlessly were 100% wrong.
I did learn some new terms that were well worth my time here though like fiduciary responsibility (that's comical) and philanthropist (even funnier). Some of the PMs that I got from the two ring leaders here were great as well. Sadly I couldn't respond because I have the free account. And of course they are gone and are on other boards now using more big vocabulary words.
Welcome to the OTC. I got lucky that I didn't go too deep here but there were people buying this thing right up to the moment it got shut down. Sadly, the two culprits here were a big part of that.
It is what it is. And at this point. It is finished. In a way, I'm glad this side show ended the way it did because it will teach a lot of penny investors that they need to be very careful of the people who post the most on these boards.
i agree and thanks for the kind words some of us are just that dreamers following the piper learning the hard way can be costly but i will never forget what dissolve means sorry to others that may have lost also and to those that sent me the dirty pms your probly rite
Nothing unusual about it at all. The company did EXACTLY what they said they would do.
And people play con games on others every day.
Consider bankruptcy "plays". Some will crow about grandeur "coming" right up until commons are cancelled and then STILL try to justify it.
"Well, it shouldn't have happened that way...."
Of course it should have. The penny stock market is stacked with people playing the Greater Fool theory game.
What's the value here now?
Where's that 15 million dollar NOL?
Why would a billionaire wipe himself out?
HINT:. He didn't.
Values are all over the board.
My point was in regard to if he would have chosen to maintain the shell. There is value that could have been retained here for shareholders. A multitude of items affect valuations including age, debt on the books, quantity of holders.
Yes so have gone for very cheap, I'm seen others go for much more.
Whether the appropriate value is $70K or $700K at this point is pointless to argue. Because he chose not to do any of it.
Just the value of a clean corporate shell, can potentially be upward of $500K...
In reality, Pink shells are a dime a dozen, and at best worth $75,000-$100,000.
It would be comic if it wasn't so tragic... LOL
Good Luck to you all, specially to the ones who flipped Dolat to get into this piece of crap...
Like my grandma use to say: "Some like the eyes, some like the eye buggers..."
Wasn't a shell hijacking either. It was a somewhat successful oil field services company, until the oil and gas market collapsed a couple of years ago.
The CEO of the prior company, liquidated the operating entity a cartidge valve manufacturer to pay for it's debt. The public shell remained. The SEC revoked its registration. The CEO (Actually a Good guy) attempted to make things right, and brought that very same public shell back from the dead, and brought in a new company. Restored the registration, and I still had all my shares, and that company actually went form $.05 to over $1.00 with significant revenues for a small company at the height of the oil and gas boom.
For 1 year the stock was revoked and could not trade publicly.
All the original share holders had a great opportunity to profit again. I know cause I was one.
And au contraire to state NO ONE knew the fact beforehand is false is completely wrong.
I stated it daily since last year.
Very few listened to what did not jive with the agenda in the mind.
So be it.
Oh great.
Shell hijackings are no more legitimate than this garbage was and the same result ensues in the end. Folks are lead to slaughter by wolves in lambs clothing.
Great for you Malc.
We have all seen scenario's where none of this did happen.
I have had stocks that liquidated in the past, the operating entity dissolved, the public shell remained, and the SEC rovoked their registration. The shell didn't trade publicly for a year, the same shell came back from the dead, one year later as a new company. Somewhat successful for a time as well..
So all this BS from all of you, claiming you all knew for fact is BS.
No one knew for fact, other than Roche.
Yes, I wore Rose Colored Glasses here. Good day my friend.
rVue inc was/is an active entity in Illinois also.
rVue inc was/is also an entity in Delaware.
RVUE Holdings, was the holding company in Nevada.
No point in arguing its done and over
They left room to exit while dreamers bought their garbage dumped on the corner.
How appropriate.
Yes, this is how it is supposed to work.
Unsophisticated Investment by retail is cannon fodder and your beloved billionaire sacrificed all his praiseful pawns.
It was perfectly clear to me, which is why I attempted to counter the carnie talk and repeatedly said retail would be wiped out.
Not .0005, not a drift to .0001, but wiped out.
And retail was. ALL was lost instantly, and guess what?
This was all entirely forseen by those not wearing rose colored glasses or playing the Greater Fool theory game of trading.
You are sadly mistaken. There is (was) only ONE RVUE HOLDINGS, INC. incorporated with Nevada, there was no room to be confused with any other entity. If anyone thought so, they were clearly not paying attention in the stock they were invested. To think otherwise was absolutely beyond ridiculous, and I don't feel sorry for anyone who choose to live in lala-land rather than educate themselves. I had no interest in RVUE before but my good friend Whip (see below) was here and fired a fair warning shot, along with many others.
RVUE HOLDINGS, INC
Action Type: Dissolution
Document Number: 20170326661-64 # of Pages: 2
File Date: 7/31/2017 Effective Date: 8/7/2017
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=sAs8mn6CuLU%252fSPD813s1Bg%253d%253d&CorpName=RVUE+HOLDINGS%2c+INC.
It would require an existing legal entity to file taxes. Since the legal entity no longer exists, there are no Net Operating Loss Deductions.
You would be correct Brad, accept for one problem. I've never put more than $135.14 into the basis of any particular stock. I use my 10% from the VA each month to play this arcade game. I'm not an investor I am a gamer. This is just my way of gettting kicks. Dude, relax, this is the penny market, it's a joke, this isn't real. I own a gemstone company and cut emeralds and rubies, those are real; we can hold them in our hands and they are the same no matter what country or planet for that matter, galaxy even, that we go to. Stocks, are all fake, they are imaginary, no matter if it it RVUE or Facebook or Apple or Baby Berks or Papa Bear Berks or Mama Bear Berks, they are all fake. Now the table talk here, that's real; but it's all bull-pucky, so really; enjoy the adult swim and be kind to other swimmers and try not to get flipped over by other's wakes.
By the way I apologize for my angry tone.
I'm sure you can understand the frustration induced with the sheer quantity of people who show up telling everyone what they should and shouldn't have done after the fact as if they knew all along what was going to happen.
You didn't deserve my angry response however.
Some people were here specifically telling shareholders what was about to happen. Truth of the matter is, when "investors" are brainwashed and believe they know more than they know, or anyone else, they tend to get into big trouble like this. There was no way to interpret the word "DISSOLUTION" any other way, and the writing was allover the wall. As long as investors didn't lose their shirts on this one, it can truly be one of the most valuable lessons in life in that even though we are capable of justifying almost anything, we need to check our reality and be open to opinions as much as it disagrees with our principal one.
Best of luck on future trades.
<<SWITCHES LIGHTS OFF>>
No.... there are no silver linings for minority shareholders.
Robert Roche could have chosen to dissolve the operating rVue, inc. entities but instead he chose to leave those active and dissolve the corporate public shell. If he would have left the corporate shell active, there could have been an opportunity for another entity at some point in the future to use the shell as a vehicle going public.
Instead he chose as majority shareholder to dissolve the holding company and cancel all public equity. He chose to wipe away all value of minority common stock holders. I really did not believe he was going to do that, given his shareholder activity in his other public entity Acorn ATV.
Companies fail all the time, and corporate shells can sometimes be left for re-use. He chose to take RVUE's assets, in exchange for and elimination of the sole debt he owned of the corporation. Just the value of a clean corporate shell, can potentially be upward of $500K, but now his minority shareholders will never get an opportunity to recover any value.
Dick move really.
Do you guys see any silver lining in any of this???
RVUE HOLDINGS, INC.
6688 Joliet Road, #255
Indian Head Park, IL 60525
July 26, 2017
Dear Stockholder:
In accordance with Sections 75.150, 78.370, and 78.580(3) of the Nevada Revised
Statutes, this letter constitutes notice that, effective as of July 17, 2017, the Board of Directors
(the “Board”) of rVue Holdings, Inc., a Nevada corporation (the “Corporation”), approved the
dissolution and complete liquidation of the Corporation pursuant to a Plan of Dissolution and
Complete Liquidation (the “Plan”), in compliance with the laws of the State of Nevada and the
Corporation’s By-Laws. The consent of stockholders holding a majority of the Corporation’s
shares of common stock is also required to approve the Plan. Such consent was obtained by the
written consent of the Corporation’s majority stockholder effective as of the date of this notice.
A true and correct copy of the Plan is attached hereto as Exhibit A. Regrettably, there are no
proceeds available for distribution to the stockholders.
This notice is for your information and no further action is required on your part.
Sincerely,
/s/ Mark Pacchini
Mark Pacchini, President & CEO
Exhibit A
RVUE HOLDINGS, INC.
6688 Joliet Road, #255
Indian Head Park, IL 60525
PLAN OF DISSOLUTION AND COMPLETE LIQUIDATION
This Plan of Dissolution and Complete Liquidation (the “Plan”), dated as of July 17, 2017 (the “Effective Date”), is
intended to accomplish the dissolution, liquidation, and distribution of assets of rVue Holdings, Inc., a Nevada
corporation (the “Corporation”), in accordance with Section 78.580 of the Nevada Revised Statutes (the “NRS”),
as amended.
1. Required Approvals and Notices; Process. This Plan is subject to the approval of the Board of
Directors of the Corporation (the “Board”). Upon receipt of such approval, the Corporation shall provide notice
thereof to all stockholders, whether or not entitled to vote on the Plan, pursuant to NRS Sections 78.580(3), and
78.370. This Plan is also subject to the approval of the stockholders of the Corporation (the “Stockholders”). Upon
receipt of such approvals, the officers of the Corporation shall cause the Corporation to file a certificate of
dissolution (the “Certificate of Dissolution”) with the Secretary of State of the State of Nevada pursuant to Section
2 below.
2. Certificate of Dissolution. Upon receipt of the approvals contemplated by Section 1, the
Corporation shall file with the Secretary of State of the State of Nevada a Certificate of Dissolution in accordance
with NRS Section 78.580, to take effect upon the earliest date permitted by Rule 10b-17 under the Securities
Exchange Act of 1934 and FINRA Rule 6490 (the “Dissolution Date”). In connection therewith, the Corporation
shall obtain any certificates required from the Nevada tax authorities and pay any taxes due.
3. Dissolution. On the Dissolution Date, the Corporation shall be completely dissolved in the
manner set forth below.
4. Cessation of Business. After the Dissolution Date, the Corporation’s business shall be wound up
and liquidated, and its existence with the State of Nevada shall be terminated, in accordance with NRS Sections
78.580 and 78.585. The Corporation shall not engage in any further business activities except as permitted by NRS
Section 78.585.
5. Distribution of Assets. On or promptly following the Dissolution Date, the Corporation shall
distribute any remaining assets that the Corporation may then hold to rVue, LLC, a wholly-owned subsidiary of
Roche Enterprises, Ltd. (formerly known as Acorn Composite Corporation) (“RE”), the Corporation’s sole secured
creditor, or to such other person as may be directed by RE, as provided for by the Secured Creditor Bill of Sale
dated June 19, 2017 and executed by RE.
6. Cancellation of Stock. There being no funds available for distribution, on the Dissolution Date, all
of the outstanding shares of the Corporation’s Common Stock, par value $0.001 per share, shall be cancelled
without consideration and without further action on the part of the Corporation.
7. Authorization of Necessary Acts. Mark Pacchini, as President, CEO, Secretary, and Treasurer of
the Corporation, and his designees, shall each be authorized and directed to execute any such further documents or
instruments, and to take any such further actions as may be deemed necessary or appropriate to consummate the
transactions contemplated by this Plan.
Smart money scooted out of RVUE before company dissolved and shares got cancelled.
Yes, I'm sure it is frustrating. But next time you consider investing in an unusual situation, make sure you understand all the particulars before taking the leap.
Is this now a shell that Robert Roche can now use?
No. It no longer exists.
We all make a choice but we dont all get it rite all the time there is no reason to look for people to blame i accept every one of these things i get into as risk my risk not yours so dont cry for me but if you want to laugh go ahead not my problem
Lol.. Agreed!!!
.. and thank you
Thank you for your honesty, and for not getting my posts deleted. You are a rarity!!!
Also going to give you a mark. By the way an adult is only a child with money :)
Not at all.. Actually.. I was as dumb as many to believe I could hit it big.. Because someone said so.. And because I really looked into RR and his businesses.
I think he's brilliant. In a business sense. He would not be in where he is now if he wasn't.
But I trust my gut feeling when in comes to interpratations and I leverage them with FACTs.
I don't have money to waste and I have family to support. So I make my call based on my knowledge.
I also believe that there could be a few in my position but without knowledge or understanding. So I simply share what I know.
I simply state what I know. You take it or leave it.
We are all resposible adults here.. Right?
By the way I apologize for my angry tone.
I'm sure you can understand the frustration induced with the sheer quantity of people who show up telling everyone what they should and shouldn't have done after the fact as if they knew all along what was going to happen.
You didn't deserve my angry response however.
No... He dissolved the Nevada holding company and cancelled the public equity. RVUE is now only preserved for History sake.
No. It is gone. It was deleted yesterday.
Is this now a shell that Robert Roche can now use?
Janice,
I love how you know everything after the fact, and its all done and over with and many hopefuls lost their money, and the due diligence support board is here to say you all knew it.
Of course we will all interpret it negatively now.
Suspending operations or disposing of assets to leave an empty shell is possible. As long as you maintain active entity status with the Secretary of the State and maintain capital and tax attributes by filing continuous tax returns.
Once you dissolve the entity and file final tax return you forfeit any claim to the above and tou simple go .... Pooof..
They never said cancelled and you know it.
RVUE was a holding company with many operating Entities included.
Roche owning 60% of the common equity left room for interpretation.
You can argue with someone else.
No. I sold any remaining shares last Monday. When the Articles of Dissolutions were posted on SoTS site.
Yes, and many companies are liquidated and operating entities disolved as well, leaving the public shell corporation in tact.
Don't act like it doesn't happen over and over again because there are 10,000 freaking public shells that the operating companies within them have been dissolved but the public shell remains for another company to use some other day.
Fantastic. Obviously you are not in the group that lost money to someone that did something not usually seen in the market. I read your post about companies getting delisted. They usually have to because of the SEC shutting them down. I stand behind saying what happened here was VERY UNUSUAL!!!!
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