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People were trading soupq because of the volatility. Shares getting cancelled was always the endgame. No surprises
There is no reward. Shareholders will lose all if they don't sell soon. Remember they only were able to pay 50 cents on the dollar for debt. Nothing left for shareholders....
Umm shares will be cancelled, you think.
There is no such thing as an investor in SOUPQ. Shares will be cancelled soon and so will your "investment"
That seems foolish. When somebody buys out all the assets they don't turn around and give it away. This sounds like a con game. When you can't payoff the creditors that means Zero for shareholders. Yee hawww
Why would they share a company they just bought with you. They own it and they ain't in the business of giving away freebies. plain ol' commmon sense.
Wrong. It is obvious that WC bought all the assets. They will never share them with you or other shareholders. That company failed!
Not True. SOUPQ is DOA.
1.7 mill was for DIP financing
That leaves 5 million for the remaining 10 million in liabilities.
Creditors only get 50 cents on the dollar, Leaves nothing for shareholders.
The merger is immaterial. It is a scam. Who wants to buy a share of this when the scammers can always get it 40% cheaper and sitting on the ask to sell you more. Best to move on.
My guess is they got 51% to quiet any shareholder objections in courtroom while they swooped up the assets.
That never happens. They will be selling shares at discounted prices for a very long time. This is not an investment but a scam.
This pig never had a chance.
Wishful thinking that commons will survive.
"The company listed assets of about $1.4 million and debts of approximately $11.8 million."
Malc you are spot on as always. This pos is bloated with toxic convertible debt. Ceo just looking to rob people. Folks should pass on this and save themselves money.
Feasibility Study is out. All 898 pages.
http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00005127
I don't believe Roche was the culprit here. I don't think he sold 1 share but we will never know since rVue went dark. The company was open about everything that took place. Mr Roche is a businessman not a scammer, and I believe he cancelled the shares the same day rVue was dissolved for that very reason - so that rVue would not continue as a zombie stock (no thanks to the sec) and be manipulated by all sorts of fraudsters.
Roche could have taken 140 million shares at .0026 each but he chose not to. Instead he took the company assets.
The new entity belongs to Mr Roche when he took all the assets. He didn't share that with anyone on this message board.
rVue shareholders get nothing if you remember the pr:
"there are no proceeds available for distribution to the shareholders"
Nobody is shafting retail. That is a myth. Everyone knew for a long time that rVue was shutting down. Everyone knew for a long time that they were non reporting. Everyone knew for a long time that they were struggling to get revenue up.
Who didn't know? Who got shafted?
Fine,what happens next?
Lets see hmmm....
Jan 2016 Roche said he would provide up to $90,000 per month to help fund rVue operations. In return he received stock. He did what he said he would do and it lasted 9 months. Sales did not improve.
In Oct 2016 rVue said the "financial burden of continuing as a reporting company is disproportionate to any benefits of maintaining the registered status" and became non reporting.
In May 2017 rVue said it could not pay back it's loans and will sell all of its assets.
In June 2017 rVue said it would dissolve in 30 days. and it did.
Roche and rVue did exactly as they said. No hidden agenda.
What is next?? company dissolved... The End
Unless you prefer investing in zombie stocks.
It was a gamble for sure. All or none. Yet the stock still trades for those who want to minimize potential losses.
Yes it is a scam. The idea of a reverse merger is based on no facts. It was just a story made up on a message board.
Owning shares in a dissolved corp is nonsense. What could be worse is those shares are valued at $3 million market cap. No where to go but down....
1. Your double negative does not equate to a positive.....
2. He will write off his 143 million shares as a loss.....
3. "perfectly good shell" hah! more like non reporting pink sheet
4. The NOL dissolves with the corporation. And it is dissolved Now
Per nevada sos rVue is officially dissolved and this is just another defunct zombie stock....
nvsos.gov/rVue dissolved
not to be difficult, but why does any of it matter? no one can read the guy's mind. RR will either do a RM here or he won't. it really is that simple.
It disappeared from the rocheenterprises website because the rVue investment was a bust. It is getting dissolved and is not worthy to display as a investment.
remember the last pr:
"The Company has no remaining cash or other assets. It has ceased operations and there are no proceeds available for distribution to the shareholders. The Company intends to dissolve within 30 days."
I love THIS!!
"The Company has no remaining cash or other assets. It has ceased operations and there are no proceeds available for distribution to the shareholders. The Company intends to dissolve within 30 days."
Just think shareholders here own nearly $2.5 million worth of nothing.
"If that made any sense, it still wouldn't bother anyone."
Do you know that RVUE is junk stock?
At today's closing price of .02 RVUE has a market cap of $5,700,000
Retail's share of that market cap is $2,451,000 or about 43%.
Just think shareholders here own nearly $2.5 million worth of nothing.
Nothing is RVUE - non reporting, dark, dissolved, assets sold off, ticker trading just waiting for a con artist to hijack.
What a pissy investment!
That was never proven, strange how a NOL survives when the corporation doesn't. Needs to reverse merge before dissolution. pretty obvious and will not happen.
Not a peep ever from management about reverse merger. The NOL will expire as soon as the company is dissolved.
Roche took all the assets and left shareholders with worthless shares. Yes sir, Roche knows what he is doing....
Do you know that RVUE is junk stock?
At yesterday's closing price of .0259 RVUE has a market cap of $7,381,500
Retail's share of that market cap is $3,174,,045 or about 43%.
Just think shareholders here have $3 million worth of nothing.
Nothing is RVUE - non reporting, dark, dissolved, assets sold off, ticker trading just waiting for a con artist to hijack.
What a pissy investment!
That is correct Malc. The only way Rvue can preserve it's NOL is by merging with another company Before it is dissolved. Rvue should be dissolved within a week if the last pr was correct. Then it will fall into the category of zombie stock.
In addition since roche increased his ownership in 2016 he has severely limited any Nol benefits to a potential acquirer because of IRC 382...
https://www.law360.com/articles/720765/the-net-operating-loss-poison-pill-a-timely-prescription
"Section 382 of the Internal Revenue Code applies formulaic limitations on the ability of a company to utilize its NOLs in future years if it undergoes an “ownership change” (i.e., an ownership increase of 50 percentage points or more by 5 percent shareholders of the company during a three-year testing period). "
That is the truth. If Roche had this master plan years ago to bring one of his private companies public through RVUE, would he let it become non reporting thereby blocking 144 sales, would he shut down the business and dissolve the corp thereby losing the Nol, would he really hold the UCC sale open another week although not legally required to do so jeopardizing his whole plan. I think not.
a third party expressed potential interest in a recapitalization of the Company that would realize an economic benefit from its net operating losses (NOLs), while another third party expressed potential interest in acquiring the Company or its assets. Although it was not legally required to do so, Roche Enterprises agreed to hold the UCC sale open for one week, through June 7, 2017, so as to permit the Company to evaluate the potential for a transaction with one of these parties.
Nothing has changed. Still Fake News Here!
Remember when Roche owned 97% of the OS. too funny. Not true
How about RVUE went dark; yup right according to plan. LOL
Big plans cooking for Rvue DOOH. I mean duh? not really
I love this one: Rvue merger must be close because in the last pr Pacchini states "We regret that the Company could no longer operate in its current form" Sounds like a big merger, not. In the sentence prior he states: "Roche Enterprises intends to operate the rVue business using the assets acquired in the UCC sale, through a new entity under its sole ownership"
Hmmmm, seems like the new form is sole ownership by Roche....
Last but not Least fake news.... The big $15 million NOL that is so valuable. Too bad the NOL expires when RVue is dissolved. Shucks
That's the point. Since Rvue is dark nobody knows anything. It is all speculation in the wild wild west of non reporting stinkies., and we got a good story teller here.
Folks need to use common sense. A billionaire like Roche would never jeopardize one of his up and coming reputable private companies by associating it with a non reporting zombie stock.
It never happens.
Here is evidence RVUE is a Scam.
From the last pr issued by the company on June 21 2017:
"The Company has no remaining cash or other assets. It has ceased operations and there are no proceeds available for distribution to the shareholders."
Now today on the pump the market cap has risen to $9.69 million. I suggest the pump is based on big imagination with zero evidence to support the price.
RVUE is a Scam!
Why you might ask?
Because RVUE is in the middle of a pump and dump which qualifies
Rvue as a Scam!
As of the close today market cap is $9.69 million.
That is for a company that has zero assets and will soon be dissolved.
There is 125 millions shares in the float getting ready for the Dump!
A great PR. Everything according to plan... yup
1. all assets formerly owned by the Company are now the property of Roche Enterprises.
2. The Company has no remaining cash or other assets.
3. It has ceased operations and
4. there are no proceeds available for distribution to the shareholders.
5. The Company intends to dissolve within 30 days.
The Company's current understanding is that Roche Enterprises intends to operate the rVue business using the assets acquired in the UCC sale, through a new entity under its sole ownership.