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Good call. Definitely now a private company.
i bought my shares at 0.01 and 0.0090. hope this can go above 0.01 tommorow.
i think we might open with a gap
Problem is, by the time you do DD, these have already run their course.
People have to do D&D on these....especially Q's, cant go by what posters say when they claim it is out of BK, unless you really know/trust them.
Good move...poor souls that bought at .021 are screwed.
I posted info on the debtors taking over the company and taking it private....some DD..some dont. GLTA
I tried looking on yhaoo, pinksheets, web search and the towns don't match, one says irvine and the other fulsom, so with this uncertainty I sold mine at a loss to get out.
What? No I really don't....
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What do you think ACE, is it the wrong company?
I am out sold them all to some bag holders ,lool
I'm telling you guys, you better start checking things out, last warning. I've spoken to the company that released the PR, they are a private company. RTPRQ is worthless, it isnt the same.
RTPRQ Do you know how long before it losses it's Q and goes back to RTPR?
Same here! :)
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RTPRQ HAHA I bought a nice chunk, lets see what happens over the next few days or weeks, for me this is a strong buy.
Looking good here.... I just keep loading.... :)
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ha you could have got those 75's and for absolutely no reason you could sell at bid now for .0125, risky, but could pay off big.
That's pretty crazy to suggest the company is "out of bankruptcy" because there was news released. Just wow.
Order dismissing the case...the biggest question...what happened to the debt. Is it still on the books or settled?
Pacer Doc: 12/20/09 An order dismissing the above named case has been entered
Case 09-10087-LMI Doc 76 Filed 12/20/09
United States Bankruptcy Court
Southern District of Florida
www.flsb.uscourts.gov
Case Number: 09-10087-LMI
Chapter: 13
In re: (Debtor(s) name(s) used by the debtor(s) in the last 8 years, including married, maiden, and trade)
Kawenga Blake
19621 NW 24th Ave
Miami Gardens, FL 33056
ORDER DISCHARGING TRUSTEE AND CLOSING CASE
An order dismissing the above named case has been entered. The trustee, Nancy N Herkert, having filed a
final report, is discharged and this case is closed.
# # #
The clerk shall serve a copy of this order on the Debtor, Attorney for Debtor and Trustee.
It was taken private I believe.
http://bhdnews.blogspot.com/2009/07/retail-pro-international-llc-marks-end.html
Mike Bishop is
Just my opinion. DD done. As others have done.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54470084
You better do some D&D before you advise people to buy
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54472898
Keep loading. I think the early run was from the alert. If that news comes out, this thing could rocket upwards quickly.
commons are not always wiped out when a company exits bankruptcy.
if they are not here, this could be worth more than you probably imagine
Isn't it that the common will be wiped out when out of the BK?
does anyone know what this was trading at prior to bankruptcy? thanks in advance!
it's not the same company, that's why-RTPRQ is retail pro, inc.-not retail pro international
Retail Pro International, LLC Giving a Free Software Module to Current Customers
Sep 15, 2010 (PRWeb.com via COMTEX) -- Retail Pro International announced today that it will give a free Promotions software module to every qualified current Retail Pro customer. The Retail Pro Promotions module being given away is designed to help retailers better manage their buy-one, get-one free (BOGO) and other types of retail promotions.
Beginning September 15th, 2010, every Retail Pro customer who is current on their Retail Pro Software Assurance plan at the time of order, is eligible to receive a copy of the Retail Pro Promotions module. The Promotions module extends Retail Pro's Point of Sale solution, and is designed to help retailers offer valuable discounts and promotions to their clientele at the point of purchase.
"We want to do our part to help stimulate the economy. The Promotions module will help our retailer clients sell more products to their in-store customers. Everybody gets a great deal. Everyone wins," says Retail Pro CEO, Kerry Lemos. "We win too. Happy customers are good customers."
Buy-one-get-one, buy-this-get-that and similar offers are being used more commonly than ever by retailers to help stimulate sales and appeal to today's price conscious consumers. Retail Pro developed the Promotions module as a way to respond to market demand and allow it to be easily accommodated in its retail management solution.
The Promotions module requires that customers are on Retail Pro V8.6 or Retail Pro V9.2 R3 or later. New and existing Retail Pro customers should contact their authorized Retail Pro business partner to learn more about the module.
About Retail Pro: Retail Pro International, LLC, is a global leader in Point of Sale, Store Operations, and Back-Office software applications for the specialty retail industry. More than 35,000 retail stores in 63 countries using 18 different languages trust Retail Pro(R) to manage their operations; from single stores to prestigious, multi-national retailers, Retail Pro is the proven global solution for serious retailers worldwide. For more information, please visit http://www.retailpro.com.
# # #
Read the full story at http://www.prweb.com/releases/2010/retail_software/prweb4522154.htm.
URL: PRWeb.com
PRWEB.COM Newswire
Look at the news release.... Why would they be putting out news if they are still in BK?
http://www.otcmarkets.com/stock/RTPRQ/news
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Where do you see news that they are out of BK?EOm
RTPRQ HUGE DD! Out of BK! Idk.... They must have missed the news wire but they are coming out with news.... Loading up here....
On June 26, 2009, the Company completed the sale transaction contemplated by the Asset Purchase Agreement, having previously obtained the Bankruptcy Court’s approval of such transaction. The sale included all or substantially all of the assets used in connection with the business of the Company and its subsidiaries Page Digital Incorporated, IP Retail Technologies International, Inc. and Sabica Ventures, Inc. The purchaser of the assets was Retail Pro International, LLC, a newly organized company owned by the Lenders.
http://www.retailpro.com/
http://www.otcmarkets.com/stock/RTPRQ/news
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Anybody watching this chit? Up 256% yesterday and another 185% today,
Last I heard (aside from the SEC stuff) was they had patents for a retail oriented software and merged with a video game outfit, although it was so long ago I can't find it in my notes... yet.
This appears to be more than just nominal fluctuations in an empty shell.
Ideas?
GLTA !!
There was overlooked news on 8-18-09
Someones getting this ready I think
tHEY ARE OPERATING UNDER THE NAME OF retailpro international. wE THE STOCKHOLDERS GOT ZERO BUT MAYBE THE SHELL IS STILL SOME KIND OF ASSET
They are still operatable so they must have settled
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 20703 / September 5, 2008
Securities and Exchange Commission v. Retail Pro, Inc. (fka Island Pacific, Inc.), Barry M. Schecter, Ran H. Furman, and Harvey Braun, Civil Action No. CV 08-1620 WQH (RBB) (S.D. Cal.)
SEC Sues Island Pacific and Former CEOs and CFO for Accounting Fraud Scheme
Today, the Securities and Exchange Commission filed securities fraud charges against Retail Pro, Inc. (formerly known as Island Pacific, Inc.), and two former CEOs and a former CFO for their roles in an accounting fraud scheme designed to falsely inflate Island Pacific's revenues. The Commission's lawsuit, filed in federal district court in San Diego, Calif., names Retail Pro, Inc., a La Jolla, Calif. software company, Barry M. Schechter, age 54, of La Jolla, Calif., Ran H. Furman, age 39, of San Diego, Calif., and Harvey Braun, age 69, of Livingston, New Jersey. Island Pacific, Schechter, and Braun have agreed to settle the charges.
The Commission's complaint alleges that Schechter, the former CEO, Furman, the former CFO, and Braun, another former CEO, caused Island Pacific to improperly record and report $3.9 million in revenue from a barter transaction. As alleged in the complaint, the barter transaction had little economic purpose or business substance aside from manipulating Island Pacific's financial statements. The complaint further alleges that as a result of improperly recognizing and reporting the $3.9 million as revenue, Island Pacific overstated its revenues by 140% for the second quarter of 2004, 29% for the nine months ending the third quarter of 2004, and 22% for the 2004 fiscal year. In addition, Island Pacific reported a small profit instead of a massive loss for the second quarter of 2004.
The complaint also alleges that the defendants failed to disclose the barter nature of the transaction and actively concealed their fraud from Island Pacific's outside auditors and the public by creating forged and backdated documents in an attempt to show that recognizing revenue from the transaction was proper. In addition, the complaint alleges that Schechter sold 637,750 shares of Island Pacific stock for more than $1.5 million during the fraudulent scheme.
To settle the Commission's charges, Island Pacific, without admitting or denying the allegations, consented to the entry of a final judgment permanently enjoining it from future violations of the antifraud, reporting, record-keeping, and internal controls provisions of Sections 10(b), 13(a), 13(b)(2)(A) and 13(b)(2)(B) of the Securities Exchange Act of 1934 and Rules 10b-5, 12b-20, 13a-1, and 13a-13 thereunder.
To settle the Commission's charges, Schechter, without admitting or denying the allegations, consented to the entry of a final judgment permanently enjoining him from future violations of the antifraud, record-keeping, internal controls, and lying to the accountants provisions of Section 17(a) of the Securities Act of 1933 and Sections 10(b) and 13(b)(5) of the Exchange Act and Rules 10b-5, 13b2-1, and 13b2-2 thereunder and aiding and abetting Island Pacific's reporting violations; ordering him to pay disgorgement of $488,410 in ill-gotten gains from his stock sales during the fraud, prejudgment interest of $27,437, and a civil penalty of $120,000; and barring him from serving as an officer or director of a public company for a period of ten years. Schechter, who was Chartered Accountant in South Africa, also consented, without admitting or denying the Commission's findings, to entry of an administrative order that makes findings and suspends him from appearing or practicing before the Commission as an accountant pursuant to Rule 102(e)(3) of the Commission's Rules of Practice.
To settle the Commission's charges, Braun, without admitting or denying the allegations, consented to the entry of a final judgment permanently enjoining him from future violations of the antifraud, record-keeping, internal controls, lying to the accountants, and false certification provisions of Sections 10(b) and 13(b)(5) of the Exchange Act and Rules 10b-5, 13b2-1, 13b2-2, and 13a-14 thereunder and aiding and abetting Island Pacific's reporting violations (except its violation of Rule 13a-1); ordering him to pay a civil penalty of $75,000; and barring him from serving as an officer or director of a public company for a period of five years.
SEC Complaint in this matter
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