RPMT...38...Channel Breakout...looking for .53 break and a move into the $ plus range...
Held at DTC
RPMT, formerly known as VPIG: SEC Charges Recidivist in Stock Manipulation Scheme:
On July 27, 2018, the Securities and Exchange Commission charged Howard M. Appel with manipulating the stocks of three microcap companies while on supervised release following his criminal conviction for a prior securities fraud.
According to the SEC's complaint, Appel orchestrated multiple schemes to manipulate the market for trading in shares of Virtual Piggy Inc., (VPIG), Red Mountain Resources Inc. (RDMP), and Rio Bravo Oil Inc. (RIOB), and concealed his activity by using overseas associates and nominee brokerage accounts. The SEC's complaint alleges that Appel secretly acquired ownership or control over sufficient shares of the companies so that he and his associates could manipulate their stocks through coordinated trading activity. As alleged in the complaint, Appel kept tight control over the trading and engaged in matched trading with his associates. In one instance, Appel allegedly sought to coordinate artificial bidding activity to prevent the price of RDMP from dropping, emailing instructions to his associates: "Have ur guy for 12500 at .87 and another 7500 at .85 in case we get hit by selling today. (My guy above that bidding .87)." In another example in the complaint, Appel sold 200,000 shares of RIOB to accounts controlled by one of his associates overseas in a series of matched trades that accounted for 80 percent of the reported volume on RIOB's second day of trading.
The SEC's complaint, which was filed in federal court in Pennsylvania, charges Appel with violations of Sections 17(a)(1) and 17(a)(3) of the Securities Act of 1933 and Sections 9(a)(1), 9(a)(2), and 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5(a) and (c) thereunder. Appel has agreed to settle the SEC's charges. Appel will be barred from serving as an officer or director of a public company. The court will determine monetary sanctions and other relief at a later date.
On the same day, the U.S. Attorney's Office for the Eastern District of Pennsylvania also announced a parallel criminal action against Appel.
The SEC's investigation was conducted in the New York office by Rhonda Jung, Melissa Coppola and Adam Grace under the supervision of Lara Shalov Mehraban. The litigation will be led by Preethi Krishnamurthy and Ms. Jung. The SEC appreciates the assistance of the U.S. Attorney's Office for the Eastern District of Pennsylvania and the Federal Bureau of Investigation.
If I could short this, I would
RUN!!! Don't buy.. Scam.. Got a letter today .. From the bank that was issuing the "oink" cards they are no longer doing so & the cards issued are now "invalid".. It's a scam.. If anyone wants to see it text me at (860)378-5762.. I took a pic of my letter.. I'll text it too you.. Sell now .. Going bankrupt
Yeah I'm out too.. never did recd the ATM card that you are suppose to get when you sign up and with all the other electronic wallet type services the more I thought about the less excited I got... its geared towards minors I thought I like that but again the more I thought about it and teaching the value of money to children again the less enthused i was... Also, I didnt even recd the Oink card I order with 50 dollars I put on it.. the money was not taken put of my acct but something is wrong with the sign up process.. I, since sold my shares and deleted the app from my phone.. bye Piggy!
L'il VPIGggy goin' to da Market?? Breakdat 50MA!
VPIG been squeelin' abit lately..Need more eyes on this one.. News possibly on tap...
I really like this company .. I downloaded the "Oink" app today & was able to connect to my son's iPhone & was able to transfer 50.00 as a test.. Worked smooth.. Plus I made a couple dollars the 1st day I bought the stock.. It's a cool concept.. Hope it takes off! Go Piggy!
Virtual Piggy, Inc. [$VPIG] due diligence
bullish 15-20% weekly trade or more longer term
at an obvious long term support level
DD Notes ~ http://www.ddnotesmaker.com/VPIG
##### recent news/filings ~ source: finance.yahoo.com
Wed, 11 Jun 2014 12:00:00 GMT ~ Oink Announces Multiple Gaming Partnerships for E3
[Business Wire] - Oink today announced that it has partnered with Ubisoft and a number of video game companies with online, current and next generation payment solutions. In addition to Ubisoft, Oink has agreed to deals with the following gaming companies: OnNet, Woozworld, WarGaming, Crytek, and Fantage. Oink is also working with BANDAI NAMCO Games America Inc.
read full: http://finance.yahoo.com/news/oink-announces-multiple-gaming-partnerships-120000896.html
Tue, 10 Jun 2014 12:00:00 GMT ~ Premiere Virtual World for Tweens to Accept Parent-Approved Transactions
[Business Wire] - Virtual Piggy, Inc. , provider of innovative safe payment technology, Oink, and Woozworld today announced that they have partnered to bring safe, secure payments to the
read full: http://finance.yahoo.com/news/premiere-virtual-world-tweens-accept-120000258.html
Thu, 29 May 2014 12:00:00 GMT ~ Oink Partners with Leading Global Payment Service Provider
[Business Wire] - Virtual Piggy, Inc. , provider of Oink, the award-winning payment technology for families and teens, today announced that it has partnered with international payment s
read full: http://finance.yahoo.com/news/oink-partners-leading-global-payment-120000752.html
Tue, 20 May 2014 17:04:33 GMT ~ VIRTUAL PIGGY, INC. Financials
read full: http://finance.yahoo.com/q/is?s=vpig
Mon, 19 May 2014 12:00:00 GMT ~ Oink Partners with Lyons Consulting to Bring Safe Payments to Fashion Retail Brands
[Business Wire] - Virtual Piggy, Inc. , provider of Oink, the award-winning payment technology for families and teens, today announced that it has partnered with premier e-commerce digit
read full: http://finance.yahoo.com/news/oink-partners-lyons-consulting-bring-120000844.html
##### chart ~ source: stockcharts.com
##### chart ~ source: eoddata.com
##### company info ~ source: otcmarkets.com
OTC Market Place: OTCQB
CIK code: 0001437283
Company name: Virtual Piggy, Inc.
Company website: http://www.virtualpiggy.com
Incorporated In: DE, USA
##### extra dd links
Edgar filings: http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001437283&owner=exclude&count=40
Latest filings: http://www.otcmarkets.com/stock/VPIG/filings
Latest financials: http://www.otcmarkets.com/stock/VPIG/financials
Latest news: http://www.otcmarkets.com/stock/VPIG/news - http://finance.yahoo.com/q/h?s=VPIG+Headlines
Major holdings: http://data.cnbc.com/quotes/VPIG/tab/8.1
Insider transactions (1): http://finance.yahoo.com/q/it?s=VPIG+Insider+Transactions
Insider transactions (2): http://www.secform4.com/insider-trading/VPIG.htm
Insider transactions (3): http://www.insidercow.com/history/company.jsp?company=VPIG
Spoke company information: http://www.spoke.com/search?utf8=%E2%9C%93&q=Virtual+Piggy%2C+Inc.
Corporation WIKI: http://www.corporationwiki.com/search/results?term=Virtual+Piggy%2C+Inc.&x=0&y=0
Corporate website internet archive: http://web.archive.org/web/*/http://www.virtualpiggy.com
Short Sales: http://www.otcmarkets.com/stock/VPIG/short-sales
Insider Disclosure: http://www.otcmarkets.com/stock/VPIG/insider-transactions
Research Reports: http://www.otcmarkets.com/stock/VPIG/research
Historical Prices: http://finance.yahoo.com/q/hp?s=VPIG+Historical+Prices
Basic Tech. Analysis: http://finance.yahoo.com/q/ta?s=VPIG+Basic+Tech.+Analysis
Company Profile: http://finance.yahoo.com/q/pr?s=VPIG+Profile
Key Statistics: http://finance.yahoo.com/q/ks?s=VPIG+Key+Statistics
Insider Roster: http://finance.yahoo.com/q/ir?s=VPIG+Insider+Roster
Income Statement: http://finance.yahoo.com/q/is?s=VPIG
Balance Sheet: http://finance.yahoo.com/q/bs?s=VPIG
Cash Flow: http://finance.yahoo.com/q/cf?s=VPIG+Cash+Flow&annual
Market Watch: http://www.marketwatch.com/investing/stock/VPIG
OTC Short Report: http://otcshortreport.com/index.php?index=VPIG
##### last known share structure ~ source: otcmarkets.com
Market Value: $117,754,946 a/o Jul 11, 2014
Shares Outstanding: 116,589,055 a/o May 01, 2014
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.0001
##### business description ~ source: otcmarkets.com
DD Notes ~ http://www.ddnotesmaker.com/VPIG
Patient shorts getting rewarded with VPIG. Slowly scaling out of my position.
Ya good luck with that gash, this will be $2+ by the end of the month. Run out of money? Not likely, they'll just raise more $$$ with their multi-billion dollar investors who own millions of shares in the company. April 1st come at me and we'll see whose the fool.
We'll seeing as they have already released that they have over a million users at this point shows that they've doubled the amount of people using their product since that last quarterly report showing this thing is starting to catch on. Yes I agree they haven't made any real money up until now and that is a concern but I believe this little piggy may be headed in the right direction with the rapid signing of new users and the deal with Discovery. I think there is a definite market for their product and believe that a large technology, bank or credit card company would be interested in taking vpig over. The worlds changing and it's getting harder and harder for companies to do business with underage customers without catching crap, these people have a solution to problem that is just going to become more prevalent as time goes on. Not to mention the priceless exposure to self directed finance that would never be taught to our children, friends children or grandchildren anywhere else especially not in the schooling system. Love it or hate it, either way it's a great idea, I see it going places and so do others based on recent sp activity.
If only Oink could somehow convince it's growing subscriber base to actually use the service and generate revenue, then VPIG might one day become a target or takeover.
Until then, you seem to be justifying a market cap of $192 million on the fact that they have gathered email addresses (subscribers) of lots of people who visited the site.
I believe that is the duty/responsibility, or at the very least; it is incumbent on one who so graciously dispenses "reality checks", that he has (at-the-very-least) a familiarity with reality himself, or perhaps herself, considering the op's moniker.
Conventional valuation metrics (such as revenue, earnings and cash flows) are rarely considered in the on-line space. Instead, the metric that the market bases stock pricing on is subscriber/users, and data.
Seen from this perspective, the picture becomes clearer and more understandable. As Oink! grows its subscriber base, they become a more attractive acquisition target for a company looking to expand its user base and increase engagement in the company's ecosystem.
Potential acquirers of companies like Oink, rely more on a gut feel than numbers. If they feel there is a strategic niche that can be filled by acquiring a nascent company, they will pay market price and higher. Right now, market mood and momentum favors high valuations, as we have have witnessed over and over again.
Reality check: from VPIG lastest quarterly filing with SEC:
500,000 registered users
$50,292 merchant transactions
$13,766 gift card sales
Total revenue to VPIG $1,382!
Do the math - quarterly transaction per user - thirteen cents!
Users don't seem interested in using Oink!
At least there is room for serious revenue growth!