says, "Companies that trade on the OTCBB will require Cash/Cheque. "
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That camera angle is pointed more or less
in the direction of the Revenge Designs' booth. Keep your eyes peeled for Peter rolling a covered car down the aisles...
Looking at the floor plan, Revenge's booth is beyond Acura and Honda, through Hyundai, Smart, and Lotus/Morgan/Rolls Royce.
Regards
Watch 2009 Auto show set up Live
Not sure what is on this link, not on broadband at the moment.
http://www.clickondetroit.com/video/18258153/index.html
Someone let me know what's on...
Regards
Still working long hours
and this from the last Update:
The current specifications sheet has had some minor changes made to it.
To me that says they're still not quite done with the prototype. Leads me to believe the Detroit show *was* the big surprise, which would have been announced at the December showing, which was booked, but obviously got canceled.
It will be interesting to see which items have been cut from the spec sheet of the vehicle on display Monday.
Regards
If no one will be able to sell
and only buying will be possible,
then you'll be buying your new CUSIPs from the Company.
It's called moving the Company to the next Level, I think.
Regards
As soon as the R/S goes through
there will be a new symbol and CUSIP. You WON'T BE ABLE TO SELL until the new shares hit your account. That could take some time.
Regards
OK, that begs the question
IF he needed to dilute to produce the car
AND that car is now ready to roll
THEN why the need to R/S 1-1000 and keep the A/S at 2,500,000,000 shares?
It don't add up.
Regards
Think of the 1-1000 R/S as a Labor Saving move
Peter won't have to hit the Sell button nearly as much to raise the same amount of cash. He can spend the extra time refining and polishing the Great American SuperCar!
Regards
Then you're aware
that when they make it public (official), you'll be holding 5K new shares, out of an A/S of 2.5B shares.
Good luck.
Watch for your public (official) announcement here:
http://www.otcbb.com/OtherDailyList/
Some are guessing it comes Friday. Nevada SOS has public (official) information as of 12/11/08, that the R/S will be a ratio of 1000 old shares for one new share.
It can take a couple of weeks to get a new CUSIP and symbol; that's why there is a time lag.
Oh, one other thing, the Daily List announcement will contain only the R/S ratio, the new symbol, and the effective date (some are guessing 1/12/09). The A/S currently stands at 2.5B, and will remain there until another filing is made with the Nevada SOS.
Regards
He filed his intentions with the Nevada SOS
The document is stickied above.
Regards
No, you can not sell off here
you must hold. That much is clear. Can you imagine selling off, and then watching RVGD going up 100x because Peter comes through with a car that runs without gas, and goes zero to 100 in 2 seconds, and GM announces that all their production lines will be converted to GTM manufacture?
You have to hold until that day.
It ensures your total loss.
When you get wiped out, I achieve nothing. Call me Cassandra.
Regards
I get that you don't get it yet
Maybe on January 12th.
We will see.
Regards
There's the Anger
I have no position. Those that do will take a loss here.
Those that bet against RVGD.PK long ago took their profits.
I am in neither camp.
Regards
One Thousand to One
It's designed to wipe you out. There is no other reality.
Yeah, get mad at me, and others who speak the obvious.
Your gamble/investment is already gone. You just have not accepted it yet.
Denial, Anger, Bargaining, Depression, Acceptance.
I've seen all of it on this board already.
Could some mod sticky this post from Thinkpad?
(the one to which I'm replying). It nicely sums up the last year.
Regards
About the only way to beat him at that game
is to sell short. Got a million shares? Short 1000 of the new symbol. When they finally convert your holdings to new, cover.
Now, first thing you have to do is find a broker that will let you short a penny stock...
Peter finally figured out a way to keep
you darn shareholders from hitting the Sell button.
Probably will hit OTCBB/otherdailylist next Friday, to be effective Monday, 1/12/09.
How many days do you figure Peter will be able to sell before any current holders get the new shares in their accounts?
Maybe some of you might want to find a broker that allows you to short sell against your holdings.
Peter wants to take the company to the next level; the subtext here is: You're not a part of the next level - only New shareholders are.
Regards
They would have to
close their eyes, click their heels together three times, and repeat: "I merge with Thee, I merge with Thee, I merge with Thee".
No, seriously, one thing they WOULD NOT HAVE TO DO is preemptively file with the Nevada SOS for a stock split. All of that could be handled after any merger became public.
Regards
Ummm, RVGD already is a Reverse Merger
That's how it was formed, about a year ago.
For it to happen again, they'd first have to turn it back into a shell: discharge its assets (and liabilities, if you want a clean shell), and address the bloated share structure (no private company would want to deal with 2B existing shares).
Not something anyone holding shares here would want to happen.
Regards
>TAKE MY SHARES FROM ME I PAID MY HARD EARNED MONEY FOR!
The company is in the process of doing exactly that, when they reverse split this.
>If I was to base my buying RVGD, on this board, I would never bought.
Looking at the share price decline this year, that would have been a good thing. Any Joe Schmoe can pick up a million shares for $100 now.
Regards
Do you think it possible that Peter
holds ~1 billion shares (as of 12/11/08)? Or that he could pull together proxies to cover that many shares?
If not, then the proposed split will have to be a proportional one (that is, the A/S and O/S will have to split the same amount). There will likely be a round-up of fractional shares.
Anything else would require a shareholder vote.
Any change in A/S after that would have to be a separate amendment/action.
Of course, we've seen Peter change the A/S before without prior disclosure or shareholder vote. Did he have a majority of shares back in July?
Regards
Sorry, that Information is available on a
"You Don't Need to Know" basis.
Regards
Supply and Demand?
He should reverse it 2,000,000,000 to 1 then.
Imagine how high the price will go, with all you longs clamoring for 1 and only 1 share outstanding.
By that logic, you'll all be rich.
Regards
This group will be on stage just after Revenge
http://www.naias.com/focus-on-design/michelin-challenge-design.aspx
What a sammich!
These guys will be on stage just prior to Revenge
http://en.wikipedia.org/wiki/Fisker_Karma
Will the crowd swoon over the hybrid, or stay around to see the GTM?
The Good News is
Revenge is probably due a refund for that venue they booked for the December unveiling.
Should help stave off a few million more shares from being dumped.
Regards
Other OTCBB Daily List
When it happens, they'll have it here:
http://otcbb.com/OtherDailyList/
Regards
Deja Vu all over again
For a real eye opener, go back and read the postings from 7/02/08 and onward for a couple of pages (Peter increased the A/S to 2.5B on 7/02/08 - it came to light on the 3rd I think).
I think Peter has found his gold mine. Turn worthless paper into real money, without getting the Secret Service on his neck.
It seems he will always have enough facilitators to make it work.
Peter needs to get in a Time Machine
And build that building with the $1M he raised, and unveil the new GTM in June 08, and start building GTMs at a rate of one per workday.
That's just for starters.
One thing about stockprofile.com
Their share related metrics only show two decimal places; wouldn't make sense for a triple-aught company to be profiled there.
"Today XYZ closed at 0.00, it was up 0.00"
Regards
If he's right about the 1000-1 R/S
on that stock, then it immediately fell about 75% after the split (to a pre-split level of .00002 or .00003 - that's QUAD zeros), before spiking (was there a stock promotion there? probably) to a pre-split price of .00015, before surrendering 99.5% of its value once more.
Not something you should be hoping for here.
Regards
Weren't the shares converted already?
There is no more preferred stock, only 2.5B authorized common stock. One class of stock.
Regards
Now you guys are thinking and acting
like Peter, and all the stock promoters that played this trash for profit.
Welcome to the Dark Side.
Ahhh, there it is!
Thanks for the pointer. I turn off iBoxes, just annoying hype most of the time.
At least noobs have a fighting chance now.
Regards
That makes no mention of the Split
I got a similar message from Ameritrade; it's a generic end-of-year reminder.
(It had nothing to do with RVGD).
We need a big honkin' flashing WARNING message. I guess I understand if there are those that want to dump on unsuspecting noobs, though.
Doesn't make it right. Puts them in league with Peter.
Regards
My advice then:
Watch a bit more.
Regards
Get back to us Monday with that question
Hey, shouldn't there be a sticky warning noobs about the impending R/S?
Or, is this the classic Pink sheet play, it's only a scam if you get caught holding the shares last.
2008/12/10 0.00020 0.00020 0.00010 0.00010 275,681,907 0.00010
The Dump came on the 10th; the filing to split came on the 11th.
Regards
What's that Saying?
You mess with the Bull, you get the Horns?
Let me rephrase for this situation:
You mess with the Pinks, you get Shorn.
It's a KIT CAR everybody. Maybe one of the finer KIT CARS to be produced lately, but it's still a KIT CAR.
Mind boggling that they pushed 2+ BILLION shares with this story.
Those of you that pushed this trash onto noobs should be ashamed.
Those of you that got taken by this trash should be wiser now for the experience.
What's the new symbol gonna be? I vote for RVRS.
Sneak Peek at one of the GTM-R new parts
Custom creation ala Peter: