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Mugshot is a bogus or photoshoped. A few reasons why. AZ civil court public records I received show a copy of passport from RVPL CEO Peterson provided when he filed the suit against that smuck. He looks nothing like that photo and neither does the images I found of him on Google. The image says age 22 in 2001. The passport of CEO shows that he is 33 and born in April. The offense that is on this bogus image does not match up.
The website that they photoshopped image from has no record of the CEO in their database.
http://www.bustedmugshots.com/search/?first_name=cary&last_name=peterson&state=MN&referrer=homepage
MORE LIES. I am not convinced guys. This looks like more top whoppers. I've had enough of this stupidity. I'm thinking about filing my own report on him and whoever I suspect causing RVPL shareholders problems like this one.
Well... I guess Peterson and Valento had their day in court and testified under oath today.
I called the court and transcripts will be available next week sometime.
I wonder if the SEC, FBI, Scottsdal Police or any others were there too or if they are just going to order a transcript.
I am going to call the court again on Tuesday and see if they are ready.
NO, I was not there. I have not been to Arizona a in a few years
You mean this mug shut photo? Awesome!
http://www.ripoffreport.com/d/r1072530-b9gonr-ehb77namjs/PetersonMugshot.jpg
Look like a very "regulated" and official mugshot if you ask me! Seems to me that Peterson is a "dick" after all!!!
I'm out. Had to change my sell order to a market order, that's right - market order, in order to get it filled. Someone was generous and offered .003 instead of .0001, and I wish the buyer the best of luck with the shares.
Since I'm not invested any longer, I will bow out of this discussion board and take up role as a lurker. I will be waiting for the day when warrants are issued and justice is served. Speaking of which - that mugshot photo on ripoff report is priceless.
Best wishes to all from a wiser and more wary Keith Stone.
Anyone hear anything about the hearing today in Scottsdale?
And yet we have proven these 1.8 Billion dollar contracts are null and void by telephone, free email responses and non free email responses (dwilliams@americanhighschool.org and Paul@rjpcgroup.com and Aminu.Zakari@center4climatechange.com) that you refuse to re-verify and confirm but hey that's your choice.
Believe what you want to believe Regulator. I guess the truth will come out on August 14th, and until this time good luck to you Regulator as you are seriously going to need it!
Do you believe this email address of BingerS@sec.gov Regulator?
I think we all believe this one!
I only care about ONE company, RVPlus. We will ALL know much sooner than later if that materializes.
I am not going to do a he said she said with you on this.
I could play games all day and ask you to show me ONE company on that list with a Federal Government Gontract over $1.8 BILLION Dollars
As previously stated...
I AM WAITING FOR AN AUDIT before I make ANY decisions on this one.
please find one company from the following list that has filed audited financials.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=86425208
Well you and I have BOTH been on this board a long time and I believe for the same reason.
The similarities below are just that, no need for conspiracy theory. My eye is on the ball aka the 10-K because that is all that matters right now.
No 10-K then ZERO chance of a Form 211.
One thing at a time in my book.
Will it be easy to find an auditor for a stock that WAS suspended, NO.
Can one be found that will do it? YES!
Finding the auditor to complete the 10-K is not the challenge hence why I put weight on that issue for the moment. Once that is completed then on to the next step.
With an Audited Financial statement, especially one with cash revenues, I bet there are 100's of companies that would make a formal buy out offer to buy the asset but NOTHING happens without an audit.
Until something changes we trade on the Grey's
I am not going to waste my time doing DD at this point. The facts are in the filings. If the filings are not accurate I am not going to chase anyone down either, the SEC will, that is THEIR job.
I am not here to provide excuses, or make promises. I am here just as you are.
I have no intention of contacting government officials.
As for RJPC/IVTI those are a deal(s) and a group to raise $ for RVPlus.
I don't give that much weight at this point but as my last post states I am waiting on an Audit and actual revenue from the government contaracts.
If there is not audit, and without any additional info, I will evaluate my position at such a time.
I am neither a cheerleader or basher here I am simply here to learn.
Why don't you ask your gold ol' buddy Peterson to produce a NT-10K first that he actually promised was coming in an email on July 31st. Remember this post Regulator?http://investorshub.advfn.com/boards/read_msg.aspx?message_id=90575504
I can't wait to hear your new excuse after August 13th comes and goes without any 10K filing but I'm pretty sure we won't see you posting anymore after this date (just a hunch I have).
I'm so glad there is one more week of this lunacy!!!
One last thing, you keep bringing up you don't believe responses from "free emails". You know all you had to do is verify and do some due diligence like I did and many other posters also did on this board and the gist is the same whether the email addresses that were provided by Peterson in the 8Ks are free or not, these people all confirmed the same thing, Peterson is a liar and cannot be trusted.
Quite the argument you have going on right now...I don't believe free emails..does my conversation on the phone with the President of RJPC Group count since it is not a "free email" as per this post? http://investorshub.advfn.com/boards/read_msg.aspx?message_id=90290489
I even left Paul Weinberger phone numbers on this post. Are you afraid to call him and confirm if my post is true or not. Go ahead, please call him to confirm this info since it is not a free email address, I'm begging you!
At this point I care about the 10K!
I don't think many people at this point care about a "deal" and/or "associations" or about a 10 day suspension which we all know ended last week.
What I do care about is an AUDITED financial statement and conversion of contracts into cash.
Nothing else is going to make me part with my shares or do anything to harm this company based on speculation. I am waiting on the FACTS, filed with EDGAR/SEC.
Free emails don't count in my book.
Has anyone contacted those two UN divisions that Peterson states he is a member/delegate of on his Facebook profile? https://www.facebook.com/ecco2tech/about
I'll save you some time, if you want to contact them here are the links:
http://www.un.org/en/development/desa/contact-us.html
http://www.undg.org/?fuseaction=Contact%20UNDG
I wonder if the UN knows that one of their members/delegates has been suspended by the SEC and misleading investors......
waiting to see what the audited financials look like.
you will be waiting forever. no auditing firm will risk their reputation by signing off on a company that was suspended and under investigation by the sec. mark it.
I guess being on the run, sending emails with false promises, posting on iHub boards under fake aliases, and avoiding court appearances seems to be on Peterson's high list of priorities!
I don't think a SEC filing is just one of those priorities right now for Ms. Sylvia Johnson/Mr. Cary Lee Peterson (I think they are the same person BTW).
Still no NT-10K. Looks like this Peterson guy has no intention of continuing with SEC filings...
I've had 100K at .004 on the block for the last two days.
Well as I keep saying, I strongly believe that an Auditor will accept the task of completing an audit of the 10-K
Sure it is not a cake walk job but the economy is in a recession and people ARE looking for work and I would expect a hard audit pays more than an easy audit.
I just want to see the audit. Once the financials are audited this one is a goldmine.
Until then, I am not changing my position on RVPL and will look to add if in fact I can acquire cheap shares.
That's great Regulator but still doesn't explain the fact that no auditor in their right mind would sign off or submit such a financial report. Have you seen the latest 10Q? Besides assets not equaling liabilities and owner's equity. I particularly liked this error too on the last 10Q's Balance Sheet:
April 30,
2013 2012
(Unaudited)
ASSETS
Current Assets
Cash $12,757
Other Assets
Accounts Receivable (Short Term) -
Total Assets $127,457
That's quite an obvious error that any accountant with half a brain would correct immediately.
But that is all for 2012. And it has a typo. The 10K on April 30 was in 2012 NOT 2013.
Changes in Internal Control over Financial Reporting
There were changes in our system of internal controls over financial reporting during our last fiscal quarter ended October 31, 2012 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting. Thus, Li and Company, PC had been replaced as auditor for Company on September 24, 2012 by John Kinross-Kennedy CPA, who reviewed Form 10-Q Filing for July 31 and October 31, 2012.
Former auditor, Li and Company, PC filed Form 10-K Filing for April 30, 2012, which reflects financial statements and business operations that had taken place before Change in Control of Company on May 4, 2012. The new auditor was appointed by Board of Directors following Change in Control for Company on May 4, 2012.
Source: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9189216
I don't believe any accounting firm did it. At least no reputable one...
He may have done them himself.
This would be a total fail in a high school beginner accounting class.
My question is how does someone get an auditing accounting firm to prepare such statements? Didn't RVPL switch accounting firms on September 24, 2012 to John Kinross-Kennedy CPA, who reviewed these 10-Q filings?
Then he has a number of choices...none of which he chose to use.
1) he could not show the AR as an asset..but then it would not have been an AR.
2) he could have an offsetting liability that offsets the A/R. For example he could assume it is a bad debt and have a liability against what is a "questionable" asset. In other words he just has to admit that it is not a real asset at this point.
3) according to HIS OWN revenue recognition policy is HIS OWN 10Q he can recognize those invoice soft costs as revenue. But he did not. In my view for a reason...as that would have run those invoices through the entire set of financials.
To anyone who understands this basic accounting issue understands he was playing a game. He wanted people to believe that "asset" was real. But there are a bunch of reasons to believe it is not.
1) how he dealt with it on the balance sheet
2) the fact that he has made a choice to NOT show it as revenue assuming he is actually applying his own revenue recognition policy
3) the fact that ALL of these invoices are referred to in the 8K's as PRO FORMA invoices. Those are NOT real invoices. He is hoping that some skip over the "pro forma" designation....or don't understand what it means.
And finally the SEC's suspension points specifically at the A/R as an issue.
It really could not be more obvious.
Well from what I understand the contracts were invoiced for services/soft costs (earned income) and at the time of the Q was not received in full but is still a receivable.
As a receivable, it is an asset. Mr Peterson clearly explained the process in the January 7, 2013 Press Release.
What I am waiting on now are 3 things...
1. The current total "invoiced" receivables
2. Actual cash received by either direct payment (highly unlikely due to the explanation of the above PR)
3. Actual amount of CASH received through Factoring of the receivables with the banks listed, or others, in the above PR.
Please assist as we ALL want to understand the financial position here.
From what I have read the contracts HAVE been invoiced for soft costs already.
There is also a second problem.
If you subtract out the accounts receivable, you are still short on shareholder equity given the cash position and liabilties. This means one of three things.
1) he has less cash than what he is showing
2) he has more liabilties than what he is showing
....or most likely
3) the company has issued more shares in return for additional equity...but he neglected to show that.
So as you can see the balance sheet is screwed up in a number of different ways.
Absolutely. And you can see it for yourself.
The most basic equation in Accounting is the "Accounting Equation" also known as the "Balance Sheet Equation"
Assets = Liabiltiies + Shareholder Equity.
That must hold true for ANY balance sheet.
Now go look at the balance sheet in the two most recent Q's. Not even close.
Why?
He was playing games with the "Account receivable". Not letting it show up as revenue as it would then flow through the income statement to shareholder equity.
In essence he was trying to get away with showing it as an asset so some investors, that don't know how to read a balance sheet would think it is real. However, he thought the SEC might ignore it because by not showing on the income statement or in shareholder equity he was "sort of telling the truth". Problem is it creates a balance sheet that is FUNDEMENTALLY WRONG.
I can go into ALOT more detail if you like.
Instead of stating:
But how can there be an audited financial statement when the Q's CLEARLY are wrong. Either he has to admit they are wrong...which is a huge problem for him...or he does not file an audited financial statement.
The second choice is less risky...and therefore much more likely.
And on the outside chance that he does file them....he hands the SEC the gun with which they can shoot him.
The best you can hope for is a 10Q/A but even that is a problem.
There is no good path here.
There were 5 Zero volume days in July, 15 if you include the 10 day temporary trading suspension.
I think most invested here are like me, waiting to see what the audited financials look like.
Not going to see much of anything in the way of volume here until they appear.
Amazes me that people don't see the value here of the ECCO2 Intellectual Property, Foreign government contracts (not the FL, IVTI and GC raise $ deals) but the actual government contracts.
Even if this one stops trading all together, with an audited financial statement this one has tremendous value!
1. Whether RVPL paid a dividend to shareholders,
2. was a takeover contender from a competitor or wealthy Fund, Venture Capital Firm or investor
I am not going anywhere. I won't part with shares at this point as the upside far outweighs any downside.
Most active greys take weeks or usually months before they hit their first zero volume day. This one did so on its second trading day.
Although the fact it had them on a regular basis before the suspension may be a contributing factor.
Pretty hard to sell something that no one wants to buy Regulator!
At least with that Mexican gold scam stock that was also suspended by the SEC and went to grey hell, there are people still crazy enough to want to own that garbage stock for some ridiculous reason and has some volume on a daily basis but it has way more outstanding shares than RVPL.
As for audited financials I like to use the term "when pigs fly" in regards to seeing these audited financials.
Another day and no mass exodus as predicted by some...
I am here for the long haul!
While the contracts and intellectual property are worth $2 billion
that is complete and total nonsense. here is what the sec said.
Therein lies the catch 22. File audited fins and be forced to admit to the fraudulent Q's or never again file an audited financial.
what does 2 weeks have to do with it? who cares about filings? it just doesn't matter anymore. here is what the sec said about your company;
I am here to stay, nothing anyone can do or say is going to change that in the net 2 weeks.
Remaining on the Grey's trading until a Form 211 is done.
actually, you will remain on the greys forever. finra does not approve 211"s for suspended companies. there have been hundreds of stocks suspended in the last 4 years and not one of the has been reinstated. don't believe me? you can see for yourself at the following link.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=86425208
no revocation for RVPL
lol. you don't know that. here is what the sec has to say.
No more suspension, no revocation for RVPL. Remaining on the Grey's trading until a Form 211 is done.
While the contracts and intellectual property are worth $2 billion I don't expect we will see any change in the stock price here until the Audited financials are done.
Holding all my stop until they do or do not show by August 15.
At the end of the day the company does have value.
this will probably not be revoked but it will remain on the grey market.
I think your name is appropriate in this situation : )
I am right there with ya.
Good thing it is only money and we can laugh and learn from it!
I just had a stock revoked, is it dead forever?
Trading could resume August 2nd. It may be that because this stock is not DTC eligible that it's taking more time for some brokers to get it together. There was one trade Friday in the afternoon.
No way?? I know that, but I thought it could trade on August 1
That would be tomorrow...
Was told by scottrade I have to wait until August 5 to sell?
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RVPlus is the holding company for ECCO2 Tech, an international supplier for energy efficiency solutions to commercial and government agencies. Company distributes American made green technologies that reduce carbon-emissions and energy consumption in facilities and transport. Currently a partner with sister company ECCO2 Corp, an admitted NGO with United Nations who supports developing countries with mitigation, climate change, carbon-emissions reduction, forestation, and social affairs.
Market Value1 | $17,934,000 | a/o Apr 3, 2013 |
Shares Outstanding | 119,560,000 | a/o Dec 19, 2012 |
Float | 10,420,000 | a/o Sep 7, 2012 |
Authorized Shares | 200,000,000 | a/o May 12, 2012 |
Par Value | 0.0001 |
Shareholders of Record | 45 | a/o Apr 16, 2013 |
Ex. Date | Record Date | Pay Date |
---|
Short Interest | (%) |
Significant Failures to Deliver | No |
American Registrar & Transfer Co. |
Dear Stockholders,
NEW YORK, Jan. 06, 2013
Dear Stockholders,
RVPlus, Inc. (OTCQB: RVPL) has made significant progress since change in control of Company in May 2012. The Company's subsidiary, ECCO2 Tech, has expanded business as a supplier and service provider for 'green' projects, partnering with foreign governments and non-governmental organizations (NGO's) within Africa and the West Indies.
The Company's recent quarterly report dated October 31, 2012 shows over $8.6 million and closing the 2012 year with over $14 million in accounts receivable from monthly invoicing for soft costs associated to the recently announced active contracts with the governments of Haiti and Nigeria. My anticipation is to continue generating immediate accounts receivable and sales revenue from commercial invoices for soft costs and commence regularly scheduled shipments of hard goods by end of the first calendar quarter of 2013, as the project framework develops and financial aid parties are comfortable with broadening financing and cash flow for ECCO2 Civil Society Program expenditures.
Revenue streamlines are stipulated by the following key elements, no matter what country or region that we're doing business. Credit/risk insurance is the primary necessity to secure invoices billed to foreign government parties. There is also an option for bank guarantees for debt financing (if it is decided to pursue an asset based loan to accelerate cash flow for the supply chains supported by ECCO2 Tech and partners). It will take a moment to finalize arrangements with EX-IM Bank (Export-Import Bank of the United States) and MIGA (Multilateral Investment Guarantee Agency, a member of the World Bank Group). I'm certain we will be moving at a more radiant formality once all parties get comfortable with program deployment and operations for each individual government contract that is active. All parties are in talks now and there will be more updates on this subject upon our upcoming conference with all parties taking place the end of January 2013.
(1) A contract is executed, an invoice is submitted for payment to government party, In this instance there are multiple invoices for goods and services rendered over a 10-year duration linked to one master agreement.
(2) Credit/risk insurance is obtained to secure risks involved with purchase or service order (inclusive of meeting credit terms extended to the Purchaser and payment to RVPlus),
(3) The insured invoice is factored by a bank (or a private investor party) and within a week funds are paid to RVPlus for goods shipped and services rendered as a cash advance several weeks before the commercial invoice is actually paid by the Purchaser.
The Company currently holds active contracts with three countries. The outcome from United Nations COP18/CMP8 Climate Change Conference in Qatar has created an alliance with United Nations affiliates (NGOs, IGOs, and Parties), utilizing a turnkey business model for clean development mechanisms to support climate change, energy efficiency, environment, social affairs, and economic development in over 68 countries within Africa, West Indies, Latin America, and Micronesia. The negotiations for these engagements are pending and will require me to conduct a significant amount of conferencing, travel, and planning for delegations and meetings with UN affiliates, financial aid partners, and international government parties.
Middle market financing, robust management, and proficient communication will determine the end result. United Nations financial aid partners hold over $300 billion at the present time for NGO projects in developing countries where we are planning and currently conducting business. The Company's alliances with ECCO2 Corp, Center for Climate Change & Environmental Studies, LINGS, and Cabinet Alescio & Stafford have enabled the framework for expansion of ECCO2 (Environmental Control of Carbon Dioxide) into the majority of the developing regions and communities to bid on a healthy percentage of the eligible financial aid that can support ECCO2 business and philanthropadic objectives.
(Subject matters that sometimes can be rather complicated when held in the same sentence). 2013 will be a great year for the Company. Shareholders must interpret that any project with government, whether it be local, federal, or international, is not going to scale up and execute overnight. A municipal contract to widen the highway or to build a bridge takes a few years from A to Z and that's just dealing with City Hall, State, and possibly Department of Transportation. [For example:] Deploying a program that installs XP-AC medal conditioner in every public vehicle and facility in a country as Nigeria, who has a population of over 162 million people will take several months of project development. This is not as simple as delivering a container load of goods one day, invoicing the client, and then walking away. ECCO2 Tech manages various tasks associated to the installation of products (e.g.; program development and training) that will accrue revenue for RVPlus from service fees, which make up the majority of the soft costs that you see on the company's balance sheet from the most recent quarterly report. These invoices are currently in the process of being insured and will be factored to generate cash revenue for the Company. This is an ongoing process, whether factoring receivables for goods or services.
This will be the sixth year since the 'international green giant' concept went into action. ECCO2 is definitely not the 1-2-3-business model that you're going to understand by reading a paragraph. What should be identified is that the Company's business model for foreign government contracting is sustainable as long as United Nations, Foreign Parties, and the US Government support green technologies and economic development globally. Our products are cost effective (unlike several other green technologies), universal, and quite conventional. Thus, helping the environment, economy, and the people who live on this planet will never go out of business or show a lack in demand unlike various industries that operate as public sectors today.
Sincerely,
Cary Lee Peterson
Chairman-CEO, RVPlus, Inc.
(Holding Company of ECCO2 Tech)
For more details or a copy of the company's executive summary contact us by phone or email.
ECCO2 Tech 30-Second Presentation Video
http://www.youtube.com/watch?v=Bn_ME7Jn3Ik&feature=relmfu
ECCO2 Executive Summary Video (10 Minutes)
http://www.youtube.com/playlist?list=PL961CE9E5C7F387DC
ECCO2 CEO Interview with Good Morning Today Radio Show
http://www.youtube.com/watch?v=_ghf9DPFbVQ
Here is the latest from ECCO2 - 2012 Recap/ 2013 Forescast
http://www.youtube.com/watch?v=6f1bjGyFncU
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