Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
When I put that case number 2013018529 on this site: https://eservices.scottsdaleaz.gov/eservices/QuickPay/CourtServices/
I get the following info:
CASE INFORMATION
Defendant Name: MARVIN GEORGE VALENTO
Case #: M-751-CV-2013018529
Case Type: Protective Order (IH)
Citation(s):
Current Status: PENDING
Status Date: 7/18/2013
FUTURE COURT DATE(S)
Matter Type:
Protective Order Hearing - Pre Issuance
Court Date: 8/1/2013
Court Time: 1:00 PM
Courtroom: 7
FINANCIAL
Total Amount Due on Case Now:
Case on Contract? No
Case in Collections? No
BTW, do some searches for Valento and Peterson on this site. Looks like RVPL's CEO likes his booz!
http://apps.supremecourt.az.gov/publicaccess/
The odds don't look good. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=90138654
Renee, could you clarify something for me, so in all your research and SEC suspensions and revocations, has there ever been a company who has gone from trading in the greys and later moved back to either OTCBB, OTC Pinks, OTCQB, OTCQX, NASDAQ, NYSE, etc?
I am truly glad this has happened, this means better transparency moving forward assuming Peterson and Company can satisfy the SEC's requirements and remove this suspension before it trades on the grey market on August 2nd, 2013 because if it goes grey it will remain there till eternity or complete delisting in the future unless RVPL can miraculously do what no other company in grey market hell has ever been able to do which is get off the greys.
It's do or die time now for RVPL and management and only 10 more business days to do it!
Hey TopWop, do you really think Peterson would implicate the SEC himself as you mentioned in your post and jeopardize his UN position, his credibility and reputation? For that statement alone, I don't believe anything you are saying.
May I ask you if you're the one who filed a complaint with the SEC that caused this suspension?
At least from this point forward, this will now become a more interesting board with new twists and turns.
RVPL IR RESPONDS TO RIP OFF REPORT
Regulator thanks for this Rip Off Report info. Here is the link Regulator is talking about that contains a response from RVPL's IR dept.
http://www.ripoffreport.com/r/Cary-Lee-Peterson/internet/Cary-Lee-Peterson-RV-Plus-RVPL-ECCO2-Tech-Cary-Lee-Peterson-promises-big-returns-to-onves-1068252#comment_1
Did you see this post below...just connecting the dots with the name in question on the pending court documents that were mentioned.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=90122612
I hold 200K shares
Let's hear back first from company after the suspension then we can deal with the Class Action suit that I would definitely be interested in joining.
So were those 8K's with government officials signatures such as these ones http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8922231 and http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8784714 and pictures on Facebook https://www.facebook.com/ECCO2GP?fref=ts with government officials fake too?
I believe these two 8K's referring to billions of dollars in accounts receivables and potential revenues is what warranted this SEC suspension and the main reason for the SEC suspension in my opinion.
I've never come across a company on OTCQB getting suspended. I've seen a few pinkies get suspended and transferred to the grey sheets but not an OTCQB reporting company. Like I mentioned earlier, they should have listened to myself and many investors and should have been completely transparent in their filings, social media, and communications with investors. I am an investor but a part of me is very happy this has transpired as investors deserve better than this.
Cary Lee Peterson has a lot of questions to answer now!
Someone should contact IVTI and GC Barnes group to see whether they've ever heard of Peterson and RVPL.
Hey regulator2006 are we still going to hit a buck in share price in 30 days?
They deserve this, that's all I have to say. At least now they will have to talk to investors and explain all this.
RVPL email from IR (BTW, I didn't email them for this info) they just sent me this:
From: rvplpr@ecco2.us [mailto:rvplpr@ecco2.us]
Sent: Friday, July 19, 2013 7:36 AM
To:
Subject: Update
Good Morning,
I wish I was contacting you with better news. I thought I would take a moment and assure you that the Company and Mr. Peterson are working matters out now and business affairs are business as usual and running without interruption.
The filing of the 10K (Annual Report) is still pending and the Company anticipates that the filing will be on time.
The moment I have an update I will message you.
If you're wondering, here is my response to them:
From:
Sent: Friday, July 19, 2013 7:41 AM
To: 'rvplpr@ecco2.us'
Subject: RE: Update
So what happens now? Do you trade on the grey sheets after this suspension? I must say I am not pleased one bit with this suspension and both your IR dept and Mr. Peterson better get your act together and start communicating with investors from this point forward. No offense, but you deserve this suspension for keeping everyone and the SEC in the dark as I’ve been saying from day one that I’ve mentioned to you over and over again.
Please keep me posted and thank you for the heads up!
With a float of 39,223,524 we hold over 20% of the float and I don't know about you, I ain't selling anytime soon! See you in Costa Rica boys and girls!!!
Did you count the guy with the "2, 085,000 shares"?
I agree with your Barnes statement but it won't happen in 30 days as the key word is "trying" like you mentioned. Cmon, be realistic here! I'm not a big fan of pumpers to be quite honest. $200 million dollar deals takes time to complete wouldn't you think?
I believe in their business model but don't like the fact that they treat their investors like garbage in my honest opinion and the fact is there will be more delays and you can quote me now as this is what is going to happen when we get the next annual report. If it takes more time great, just announce or update investors as to what you are doing instead of updating their FB page with UN links and irrelevant info (another useless update today on their FB page in case you're wondering) that is NOT DIRECTLY RELATED to the RVPL business plan or share price. They need to learn how to use FB and social media in my opinion and also learn how to deal with investor communication in the 21st century.
https://www.facebook.com/ECCO2GP?fref=ts
If Peterson/IR want a lesson on how to use FB properly in regards to investor communication direct the CEO Peterson and IR dept here:
https://www.facebook.com/v3rsant
Wanna bet on it? Dollar really by August 18th, this I have to see!
Can you post this great update from RVPL so we investors can see what CEO Peterson said or is this the one (refer to post below) you are talking about which still didn't answer any investor questions where CEO Peterson just talked in circles just like a typical politician would. The gist I got from this email is great things take time and patience (hint hint, we won't see anything of value in the upcoming annual report in my opinion)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=89887152
Sometimes contracts and projects were delayed due to political matters but they would always come to fruition and pay off in the long run.
I did email IR on numerous occasions and this is the last response I got from them so to be quite honest I gave up on them as it's useless trying to get any credible or useful info from Peterson or the IR dept whomever they might be at this point.
See this post for their latest BS response to my questions.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=88765556
I'm invested too, just a little ticked off the way Peterson and the gang keeps us in the dark and I still believe if they had good news they would have announced it by now.
Don't get me wrong, I'm not saying what they plan on accomplishing will never happen, all I'm predicting is what investors hope for in terms of deals, closing that IVTI acquisition (where's the 8K for this?), and revenue recognition won't be on the next financial report in my opinion.
Over and out!
An audited financial statement or an unaudited statement with zero revenues on it, doesn't mean a thing in my opinion and won't change the fact that ZERO revenues have been recognized thus far. (this is what I predict anyways) Whether the statement is audited or unaudited is a moot point!
Just because the statement is audited doesn't mean it will help the share price, it's what's in the report that counts as yes, we agree to disagree. I do hope I'm wrong for a change (which is very rare BTW LOL)
2 million shares here
No offense regulator2006, I doubt the next financial report will help in share price. If you were a company who ACTUALLY converted millions of dollars in Accounts receivables to Revenues, don't you think you would announce it through a PR by now?
So you're telling me RVPL management has decided sit on this "revenue recognition" until the financials come out in August? With the current share price the way it is, the company should be announcing any good news they have.
Just my 2 cents but this next report will be mean another delay in converting receivables to revenues and more disappointment in my opinion.
Like I said, this might be a great company with tremendous potential but the CEO has no interest in appeasing any shareholder anytime soon. It's too bad and the main reason why it trades the way it does. They should hire a CEO or delegate some tasks to a CFO or other manager who is investor friendly and make current CEO Peterson do all the deals and political/UN stuff, just my opinion as this current stock price is a joke!
Is this momo or is there a reason why it went up 80% today?
If STLK accomplishes what they have planned to do, we should all meet up in Costa Rica in 2014 at some point! I'd love to see this wind farm project in operation with my own eyes knowing I assisted in some small part to build this.
I'm hoping they get some sort of finalization or deadline before the shareholder's meeting on July 30th in Colorado. Anyone going to attend this?
All I know is CEO Jose is meeting the buyer either today, tomorrow. or Friday (I am assuming this since we haven't had an update yet and they are supposed to meet this week as indicated on a FB update) and I am sure we will have some update by this weekend!
Facebook update dated July 11th
We received the following from a shareholder today: "Versant isn't even diluting, the company is simply standing by idle while we get slaughtered on the pps." As we have noted several times, the timing of the contract is in the buyer's hands not ours. All dates provided were provided by the buyer, while we are disappointed they have not met those dates we cannot demand or push in a manner that causes negotiations to stop. We certainly cannot rush the buyer due to dropping “pps”. That would be damaging to our business plan. The GM is not in the country this week, he is returning next week and we do have a meeting to see if we need to provide anything else or if we can settle on a date to get this contract signed.
Company confirms it is not selling any shares.
----- Forwarded Message -----
From: "Jose P. Quiros" <jquiros@v3rsant.com>
To:
Sent: Tuesday, July 16, 2013 4:21:38 PM
Subject: Re: Question you might want to answer
Other than shares sold in early 2013, which are part of the shareholding seen in the OTC, the Company has not sold, nor has any executive sold a single share. Any volume is from existing non-Company shareholders.
Jose P. Quiros
Pardon any typos, typed on index fingers from my iPhone
We are close folks on the PPA signing.
From the way I read their latest Facebook update they are meeting the GM of CNFL/Grupo ICE NEXT WEEK and two things might happen. Either the buyer will require more paperwork or the buyer will set a date for signing the PPA. I'm banking on the second option as the buyer already required more info on certain items that STLK management provided to them on Thursday, July 4th via messenger service.
We received the following from a shareholder today: "Versant isn't even diluting, the company is simply standing by idle while we get slaughtered on the pps." As we have noted several times, the timing of the contract is in the buyer's hands not ours. All dates provided were provided by the buyer, while we are disappointed they have not met those dates we cannot demand or push in a manner that causes negotiations to stop. We certainly cannot rush the buyer due to dropping “pps”. That would be damaging to our business plan. The GM is not in the country this week, he is returning next week and we do have a meeting to see if we need to provide anything else or if we can settle on a date to get this contract signed.
Thanks to everyone for their support. I especially liked the offer for a FEDEX account. Not to bore anyone with the details, but we worked on the formal response on Wednesday. The document was well prepared and included our attorney certifying/ notarizing the copies of the requested material and initialing each page (close to 60 pages). He then attached a legal disclosure document (printed on special government issued paper) to each of the copies with "timbres" or government issued stamps making the document official. As an FYI, notaries here must be attorneys. In any event, the work was completed and the messenger service picked up the document early Thursday, July 4th, to hand deliver it to the buyer (Fedex not required on this one but thank you). We received an official "receipt" of the material the same morning. So the document has been received and accepted. Now we wait to see if there is anything else, but we do not believe there is more that is required. We should know more soon.
Clarification from CEO regarding Ex-Im Bank financing.
From: Jose Quiros [mailto:jquiros@v3rsant.com]
Sent: Thursday, July 11, 2013 5:16 PM
To:
Subject: Re: Financing with Ex-Im bank
Thanks for the email. All of this data is public information. To be able to get to our financial closing we expect to need an additional $10 million (net). We revised that to be on the safe side and to ensure we cover for any contingencies etc. We have raised over $1 mm, the exact figures should be available shortly as we complete the quarterly review.
I hope that helps.
Sincerely,
José P. Quirós
CEO/Managing Director
STLK/ Versant Corporation
Skype jose.quiros1
www.v3rsant.com
Tel. (USA): +1.719.219.5797
Mobile (USA) +1.719.505.3785
Tel. (Costa Rica): +506.2505.5840
Mobile CR: +506-8302-1141
That's why STLK increased the authorized share as their worst case scenario in the event that they can't obtain that 8 million dollar financing for the EX-IM bank. I believe STLK has obtained over 1 million in financing so far.
Jose, the CEO has been upfront about his financing options since day one. I'm hoping to have some recent financing figures soon and will post once I receive a response.
RVPL didn't change venues. RVPL decided that getting quotes from the almost defunct OTCBB.com that keeps losing market share on a daily basis in terms of quotation services was no longer needed and that RVPL will only keep getting quotes from OTC Link owned by OTCMarkets.com that RVPL has been getting in the past.
Refer to this link and you will see they were dually quoted before (both Finra OTCBB and OTC Link) and now they only receive quotes from OTC Link since July 2, 2013.
http://www.otcmarkets.com/market-activity/venue-changes?search=rvpl&searchType=symbol
For info on over the counter quotation systems read this:
http://www.sec.gov/answers/pink.htm
Hope this helps.
Please read my message again http://investorshub.advfn.com/boards/read_msg.aspx?message_id=89647646, in reality it wasn't technically a venue change more of a venue cleanup getting rid of the OTCBB Finra quotation service. Getting excited over this is a little bit premature in my opinion.
RVPL was already on the OTCQB before this change, the only difference is the quotes were coming from both OTCBB.com and OTCLink before the change and now they are only coming from OTCLink owned by OTCMarkets.com. They decided to scrap the OTCBB owned by Finra quotation service like most other companies are doing these days since OTCMarkets services seems to be superior in many ways. Please read these articles for more clarification:
http://www.sec.gov/answers/pink.htm
http://www.tradersmagazine.com/news/finra-scraps-otc-quotation-system-sale-110527-1.html
FINRA has run the OTCBB for many years in competition with OTC Markets, formerly known as Pink Sheets. FINRA’s quotation system, however, has lost considerable ground to OTC Markets as market makers have moved most of their quoting over to OTC Markets’ system.
Financial Reports and OTCMarkets Tier Status
Please take a look at the following OTCMarkets.com link http://www.otcmarkets.com/market-activity/otc-tier-changes?search=bmin&searchType=symbol
You will note that since filing the latest quarterly report ending March 31, 2012 BMIN has been upgraded from No information to Limited information tier status on OTCMarkets.com.
I expect Britannia to starting filing the missing annual report of Dec 31, 2012 and missing quarterly reports of March 31st, 2012 and Sept 30th 2011 or whatever missing paperwork/financials required by OTCMarkets.com to go from the new Tier of OTCMarkets Limited (Yield sign) to OTCMarkets Current (Pink) in the near future or give investors an update about this.
The current share structure is as follows as I received this info from Pacific Stock Transfer today. Feel free to confirm at info@pacificstocktransfer.com
Authorized: 600,000,000
Issued and Outstanding: 227,500,066
Restricted: 198,494,937
You are correct about the float (non-restricted) share is currently 29,005,129.
PPA Update on their FB page https://www.facebook.com/v3rsant?fref=ts
PPA Update: We just received a letter via messenger from the buyer. They need some additional complimentary data and are ensuring some key items like the Ex-Im Letter of Interest etc are still valid. This is a positive request, even if it adds some time, as they are making sure we are current on our supporting documents. The Company will respond to request this shortly. Please note that at this stage, the process is all via letter and messenger service (no email, no fax etc.), which is part of the formality but also makes things a little slower. We will keep everyone updated.
It's not a downgrade nor an upgrade. RVPL was a reporting FINRA OTC BB company http://www.otcbb.com that made them an equivalent OTCQB company. The only thing that happened is they switched from getting quotes from OTCBB to OTC Link which is owned by http://www.otcmarkets.com and they remain being a OTCQB quoted company. The main reason is because OTCBB has lost the war to OTCMarkets.com in the over the counter market much like VHS beat Beta and BluRay beat SuperDVD.
Please read this for more info and clarification:
http://www.sec.gov/answers/pink.htm
http://www.tradersmagazine.com/news/finra-scraps-otc-quotation-system-sale-110527-1.html
So in a nutshell RVPL went to the OTCQB from Finra OTCBB which is losing the war in the over the counter market share.
http://www.otcmarkets.com/market-activity/venue-changes?search=rvpl&searchType=symbol
I think at these prices we could do no wrong as we should see some news soon in my opinion as they are due to update us.
I'm pretty sure we will see a bump in share price once OTCMarkets.com changes BMIN from OTCMarkets Limited information (Yield sign) to OTCMarkets Current Information (Pink) in the next few days.
3rd time will be a charm especially with this gem. Never been more happy to be a STaLKer Haha!
I'm a little surprised we haven't heard from CEO Jose regarding the June 30th PPA expected deadline but I'm not worried at all especially when you are dealing with such a $300 million monstrosity of a deal with a foreign government entity such as CNFL,Grupo ICE.
Happy Canada Day to all my fellow Canadians!