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Thanks good to know. You are right about that!
Very good article from 2013. I just didn't like this part:
'At least for the time being, Chinese companies feel badly stung and are staying away from reverse mergers. A new SEC rule makes it harder than before, requiring that a company wait at least a year after a reverse merger before it seeks a listing on an exchange."
Is that right?
Always love your posts LTGL! I also have a lot of patience with DOLV and am just holding strong here!
Don't know if this will help RVUE in any way. Maybe another piece in the puzzle. This was Acorn's Press Release for last Friday.
Acorn Files Lawsuit Against Certain Former Directors Over Alleged Wrongdoing
SHANGHAI, Feb. 14, 2017 /PRNewswire/ — Acorn International, Inc. (NYSE: ATV) (“Acorn” or the “Company”) today announced that the Company has filed a lawsuit with the Grand Court of the Cayman Islands (the “Cayman Court”) on December 1, 2016 against certain former directors of the Company, including Andrew Y. Yan and two others (collectively, the “Defendants”), over alleged breaches of fiduciary duties and misconduct and/or mismanagement.
The Company alleges that the Defendants breached their fiduciary duties and engaged in mismanagement of the Company’s business, including but not limited to wrongfully removing Mr. Robert W. Roche as the chief executive officer of the Company, exposing the Company to damages for breaches of contractual obligations, refusing to pursue valuable business opportunities and subjecting the Company to unnecessary severance costs resulting from the wrongful termination of certain Company employees. The relief sought by the Company in connection with the lawsuit consists of (i) initial monetary damage claims comprised of (x) US dollar denominated damages of approximately US$26,326,389.76, and (y) Renminbi denominated damages of approximately RMB 120,045,222 (equivalent to US$17,433,989.57utilizing a conversion rate of 0.1452 as of November 30, 2016)) (ii) costs and (iii) such further or other relief as the Cayman Court considers just.
Acorn’s action against the Defendants arises out of the previously disclosed dispute between two groups of the Company’s shareholders. Among other things, the dispute involved the improper removal of Mr. Robert W. Roche from his role as executive Chairman by our then-board of directors. In connection with various actions relating to the shareholder dispute, in March 2015, the Cayman Court found in favor of Acorn Composite Corporation (a company wholly owned by Mr. Roche). Additional background and detail regarding the action and related events are included in the Company’s submissions with the U.S. Securities Exchange Commission (“SEC”), including Acorn’s 2015 Annual Report on Form 20-F and a Form 6-K to be submitted to the SEC and attaching a copy of this press release as an exhibit thereto. Each of these items are or will be located on the SEC’s website at www.sec.gov.
Safe Harbor Statement
This news release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “anticipates,” “believes,” “estimates,” “expects,” “future,” “going forward,” “intends,” “outlook,” “plans,” “target,” “will,” and similar statements. Such statements are based on management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties, and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance, or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties, or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events, or otherwise, except as required by law.
About Acorn International, Inc.
Acorn is a marketing and branding company in China with a proven track record of developing, promoting and selling a diverse portfolio of proprietary-branded products, as well as well-established and promising new products from third parties. Its business is currently comprised of two main divisions, its direct sales platforms and its nationwide distribution network. For more information visit www.acorninternationalir.com.
Contact:
Acorn International, Inc. Compass Investor Relations
Ms. Naomi Deng Ms. Elaine Ketchmere, CFA
Phone: +86-21-5151-2944 Phone: +1-310-528-3031
Email: dengqi@chinadrtv.com Email: Eketchmere@compass-ir.com
www.acorninternationalir.com www.compassinvestorrelations.com
I appreciate that nosfelle! Well I have been reading a lot about RVUE and looking forward to some great things happening here. I also plan to be adding more soon. Thanks again.
I am pretty new here but got some RVUE on Friday and will keep adding.
"It is our goal to reduce the float dramatically in preparation to becoming a fully reporting company and QB certified."
In time this is going way past pennies! What do you think? Once this gets rolling it's going to .05 - .10....
Stock Market closed Monday.
Thanks for posting that email, Cargoman.
Personally I think that is a fantastic confirmation that it's coming. Just have to have patience and let them finish as these things take time.
I am not the Pro like you but I enjoy your posts.
We are listening flemdog.
Thank you so much enthalpy for these 2 posts. Very informative and well written! Super!
Thanks for all that info Microcaps!
I just wanted to thank you all for the recent posts this evening, super! I am holding long term my mil and the rest I will take some profits. Thanks again and great posts!
Very good advice lluvbbs! Thanks for the post.
Amazing article that 1daysun4all posted. Can someone sticky it?
Post # of 12612
Here’s Why We’re Bullish on New Colombia Resources Inc (OTCMKTS:NEWC)
By Chris Sandburg / in Biotech & Pharma, Momentum Stocks, Stocks / on Tuesday, 18 Oct 2016 01:47 AM / 0 Comment / 259 views
https://www.insiderfinancial.com/heres-why-were-bullish-on-new-colombia-resources-inc-otcmktsnewc/117641/
New Colombia Resources Inc (OTCMKTS:NEWC) announced at the end of last week that it is setting up a joint venture with a company called Advanced Imaging Projects LLC, through which it intends to submit an Orphan Drug application to the FDA in the US.
The application in question will target the acceptance of a cannabinoid compound designed to target what has only been described so far as a “rare pediatric disease”. If the two companies are successful in their application, it would mark the start of what could be a long road towards commercialization of a cannabinoid target – a road that should be littered with potential catalysts and momentum drivers.
For those new to this one, this may seem like a pivot from New Columbia’s legacy operations in coal mining. That part of the company is very much still progressing, however, and this joint venture is the result of a long term strategy that – in coming to fruition – has the potential to bring a lot of value to New Columbia going forward.
In November last year, New Columbia announced that it and AIP were working together to identify a potential candidate for orphan submission. The two announced back then that once they had identified a candidate, it would submit within a month or two, and get a response back within three months from submission time.
Fast forward a little over ten months, and this partnership is now poised for submission, and we expect to find out the target indication within the next sixty days or so.
The point here is that this isn’t just a quick fire release designed to stir up some volume, it’s the execution of a strategy that has long been in place, and it marks a major milestone in the transformation of New Colombia to a pharmaceutical focus entity.
A bunch of companies have undertaken this strategy over the last few years, with great success. GW Pharmaceuticals PLC- ADR (NASDAQ:GWPH) has a multi billion valuation on the back of some successful orphan designations and well defined clinical pathway.
The question is, can the new joint venture pick up a successful outcome to its application?
Of course, it’s tough to say for certain, and with no clarity as to the potential indication, it’s even tougher to speculate. However, we’ve got some precedent on which to base a prediction, and that’s rooted in New Colombia’s partner, AIP.
AIP has picked up numerous grants from health authorities in the past, and attracted many millions of dollars in peer revised research capital. Here’s one example with the National Cancer Institute. This was a cancer target, specifically NSCLC, which might point towards an oncology indication in the upcoming application, although orphan oncology is a tricky space, so we’d prefer to see the company go down the neurological root initially. Something like epilepsy might be a good bet.
AIP also has plenty of experience picking up these Orphan approvals. It’s successfully applied for designations in tuberculosis, pediatric neuroblastoma, Moyamoya disease and multiple system atrophy, a Parkinsonian movement disorder. It’s now going after another designation with New Colombia. In 2014, only three orphan designations were issued in rare pediatric disorders, and AIP picked up one of the three.
So what’s next?
Well, we’re looking to the near term submission of the application so as we can find out exactly what the indication in question is, and what the potential market for it might be. This would offer up some insight into the potential impact of an approval on New Colombia’s market capitalization.
Financing is obviously going to factor in, and we expect the company to have to undertake some degree of dilutive raise if it is going to carry a drug candidate to the clinic. However, there’s the potential for a grant to offset some of this dilution:
AIP received several million dollars in peer reviewed competitive research grants and similarly, could anticipate support for this project from the U.S. National Institute of Health, which may also be a potential collaborator,” Dr. Stanley Satz, PhD., Chairman and Chief Scientific Officer of Advanced Imaging Partners.
Bottom line: the company is executing on a long term strategy and this execution has the potential to bring with it a flurry of near term catalysts. It’s not only going to be a fun one to trade going forward, but there’s some credible long term upside potential here if things stay on track. One to watch.
Well up or down I am buying more tomorrow.
pkdaddy those were exactly my thoughts with my previous post of:
With China buying the main strategic Pireaus Port in Greece could this have something to do with our 3 ships being there?
"Sadly, the glorious Greek Empire is long gone. And now its descendants in power in Athens are close to selling off Pireaus Port to a current-day imperial giant: China."
With China buying the main strategic Pireaus Port in Greece could this have something to do with our 3 ships being there?
"Sadly, the glorious Greek Empire is long gone. And now its descendants in power in Athens are close to selling off Pireaus Port to a current-day imperial giant: China."
I do believe there is a very big hurricane in that area of S. China right now but I could be wrong. Not sure whether or not that is the reason for them being there.
Great Post amikik! I know I was excited when just 4 weeks ago I saw Box Ships, CMA CGM pull into the port in Savannah, Georgia completely loaded. I was near the port there and saw the tug boats getting ready to guide it in. What a surprise but it showed me that ship was still in business just at the end of August and hopefully still is.
My personal opinion is I don't think the first half of the year revenues will be very good. What I am hoping for is that they give us a little look into the future of some of the exciting things to expect and that are happening now.
The CMA CGM just pulled into the port in Savannah, GA Saturday fully loaded. I am from Orlando and went there for the weekend and what a surprise. I watched as it went under the bridge and the tug boats were starting to take over. I am pretty sure it was the Kingfisher and not the Marlin and not certain which but it was huge.
Thanks Blizzld. I was thankful to hear you did that.
Great news Blizzid! Outstanding post...
Too much potential here! I'm holding!
Got 530k and holding for the long haul.
Holding my 7mil and not selling!
Thanks for posting that kclark. It's just around the corner.
Great posts MMM. Good to keep in mind!
Great post lloydm. It shows exactly what we need!
Well personally I am really happy to be in on this now. 7 mil at .0016 it's all I can do for now. I am very long.
Today I added 411,000 to my account. I did see though online that they put 319,474 at .0019 sold at 12:12pm and 91,526 at .002 as a buy. Strange.
Great post 2stubborn2quit! We just need to hold tight because it's coming soon.
Great post Wilma... Very informative. Thanks!
What are the comments about Jan. 15 in reference to? Thanks.
With end of the month financials could this go higher than .10?
Clay, I am now in TBEV and I have always found your charts very helpful in the different stocks I have been in. Thanks!