From TPL and his board..
Posted by: The_Pink_Lawyer
In reply to: Micro Man who wrote msg# 8424 Date:2/18/2008 7:02:17 PM
Post #of 8427
There's less than 60-70 million shares left to be diluted on RVGD. The bunk being posted on I-Hub and on the RVGD Board is deliberate lies made by scare mongers and people that have every desire and intent on buying RVGD stock, but they want to buy it as cheap as possible, even if that means spreading known and deliberate bunk all over the place and hurting current shareholders in an attempt to sabotage the stock. Here's what is known:
Per e-mail from Chad Sykes, RVGD official IR, the "fully diluted" O/S will be 997 million shares, see, i.e., http://investorshub.advfn.com/boards/read_msg.asp?message_id=26861366
The share structure breaks down basically like this (approximate numbers):
363M O/S (after "first round" of 504 financing), see, http://app.quotemedia.com/quotetools/popups/story.jsp
191M 1st note K&L Ent. (converted)
22M $100K financing (issued)
178M 2nd note Steve Carnes (being converted presently)
240M Preferred Signature Leisure (Rule 144 restricted and conversion has not been approved), see, http://app.quotemedia.com/quotetools/popups/story.jsp
So add it up, 363 + 191 + 22 + 178 + 240 = 994 million. But remember, the 240 million shares are Rule 144 restricted and haven't been converted, so take 994 - 240, which equals 754 million shares
As of last Friday, 2/15/08, there were approximately 688 million shares in the O/S, per e-mail from Chad, see, http://investorshub.advfn.com/boards/read_msg.asp?message_id=26861366
754 fully diluted shares, minus the restricted 240 million shares, subtract 688 million that is currently in the O/S, equals approximately 66 million shares left to be introduced.
Now, take into account that the 688 million shares did not include additional shares that were introduced on that Friday, 2/15, but the volume for RVGD on that day was some 150 million shares traded, and the remaining 66 million shares were probably substantially, if not totally, sold on that Friday. The bottom line, the dilution is either at an end or nearing an end.
Now, apparently some people are claiming they have received an e-mail from Chad stating that the Company may sell some additional shares for financing, which would bring the total "fully diluted" O/S to "slightly over 1 billion shares." What that means, I don't exactly know, but I have it from good authority that the additional shares for financing won't even be issued until the pps is "well over .01"
So even if you don't trust Revenge Designs or Chad, as experienced traders everyone should know that even diluting Companies often "take a break" from selling shares and it is within this "window of opportunity" that the selling stops that strong runs can be had.
The last run RVGD had was after the "first round" of 504 dilution was completed, the selling stopped, and the stock pps rose from .0009 to .017. Then, of course, the Company sold more shares into market, dropping pps to its current levels.
As the selling stops again, the pps will rise again, but this time on the strength of an $80 million contract which has been stated in writing and publicly released in a Press Release. For people who are questioning whether such a contract even exists, I say that Chad would be incredibly stupid to commit such a fraud in writing. As lax as the SEC is with respect to enforcement in pink sheet stocks, even the SEC would take action against a company which makes assertions of having an $80 million, if it is in fact not true. In other words, ain't no way Revenge Designs and Chad are lying about that, cause they'd be in a chitload of legal trouble if they were lying.
So... to sum up:
First, there will be approximately 754 million shares in the O/S when the current selling is completed (997 million minus 240 million Rule 144 restricted shares);
Second,up to but NOT INCLUDING Friday, 2/15, approximately 688 million shares were currently in the O/S, leaving only 66 million shares or so left to be introduced;
Third, on Friday, 2/15, approximately 150 million shares of RVGD traded and it was evident that new shares were being introduced, thus,
Fourth, substantially all or most of the remaining 66 million new shares were sold on Friday, 2/15, thus,
Fifth, substantiantially all or most of the dilution is finished;
Sixth, to the extent that the Company may, at some later point, introduce additional shares that will take the O/S to a "slightly higher than 1 billion shares," those shares won't be introduced until some point later. Probably in the "third round" of financing, which means,
Seventh, RVGD is poised to run again in the "window of opportunity" where the selling stops (as it ran the last time from .0009 to .017) but this time behind the strength of an $80 million contract. PEOPLE THAT ARE CLAIMING THERE ARE SOME 300 MILLION SHARES LEFT TO BE DUMPED TO BRING THE O/S TO THE 997 FIGURE ARE DELIBERATELY MISLEADING! THAT 997 FIGURE INCLUDES THE 240 MILLION RESTRICTED SHARES WHICH HAVEN'T EVEN BEEN CONVERTED YET AND WHICH ARE RULE 144 RESTRICTED
So this is the truth, everything else being slobberpasted all over I-Hub is bunk. RVGD bottom has been established around .003 (it tested .003 a few days ago, rebounded, retested and bounced in the area again). That's bottom and will go up from here!
mo
BD
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