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people will wait for the merger finalization or the day before, because most pennies only run for 3 days max generally speaking, people don't like to tie up their cash on longer term investments in the penny market, that is my take at least. I think you'll see a huge swell once we get audited numbers and then again at the close of the merger, but only small rises until that time. from the sounds of the pr we have another 2 weeks to a month imo
just some flippers existing not wanting to wait a couple weeks, time will pay
Status of RTG Ventures, Inc. Share Exchange Agreement with Atlantic Network Holdings Limited
BusinessWire - February 01, 2008 7:00 AM ET
Related Quotes
Symbol Last Chg
RTGV Trade 0.037 0.00
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RTG Ventures, Inc. (RTGV.OB) has received numerous queries as to the closing date of the Share Exchange Agreement between RTGV and Atlantic Network Holdings Limited (ANHL), New Media Television (Europe) Limited (NMTV), et al. In the spirit of transparency, the officers of RTGV have tried to estimate the timing for completion to provide an order of magnitude, as the specific actions outstanding are not under their control. We had hoped it would be by the end of January, but obviously that was too optimistic. We have always seen this venture as a sustainable, value proposition, and accordingly, have always taken the long view. Unfortunately, the micro-cap investment world often works with a short-term orientation. Therefore, we thought it would be useful to recap where we are today and why.
On December 7, 2007, RTGV announced an enhancement to the original agreement to include Ecommercenet Limited, a payment system which includes two brands, epaypoint and Web-Pay. An Amendment to the original agreement was filed as an 8-K on December 21, 2007, and announced on January 7, 2008. A subsequent press release of January 14, 2008 described a further expansion of the Web-Pay Limited acquisition from 76% to 100% and Steve Howes, its President joining NMTV's management team. These actions were a positive expansion of the strategy to develop a fully-integrated, vertical media venture. Once agreed, the 3-Year Audit to GAAP standards would then have to include the additional companies and corporate actions would be taken by ANHL to include those entities under NMTV pre-closing. This venture is international, with stringent Closing Conditions, all designed to benefit the shareholders. However, the enhancements come with a price; that of additional time requirements. The process must follow regulations and a prescribed methodology.
Each step cannot begin until the previous step has been concluded. The following includes the remaining Conditions of Closing and the way forward as we see it:
-- Completion of 3-Year Audit of ANHL to GAAP standards. Auditors do not provide an estimate of the time required. Thereafter, RTGV's auditor, Sherb & Co. LLP must review and approve.
-- Business Plan finalized to include additional companies anchored by audited financials.
-- Attorneys to complete (Super) 8-K
-- Re-apportionment of RTGV's shares to equal 25% of NMTV, approximately 1 NMTV share: 2.8 RTGV shares. Must be approved by regulatory agencies, SEC/NASD/FINRA.
-- Working capital transfer to corporate counsel 7 days in advance of closing
-- Closing date established. The officers of RTGV emphasize to their shareholders that they have prided themselves on identifying and evolving a venture which will enhance all, while applying rigorous corporate governance and high performance standards. We encourage patience and understanding as an international exchange is complicated. The fulfillment of the final requirements must maintain the same diligence applied since the early negotiations, and the deal will conclude in due course.
About NMTV: NMTV is a media venture utilizing a new exclusive broadband technology which delivers multicast transmissions ensuring TV quality without buffering or freezing. Its infrastructure is comprised of an established studio complex outside of London with six operational subsidiaries, an investment vehicle which owns the freehold on the studio property, and a television production operation which has joint venture agreements with 15 internet channels. The Company has a payment system product with two brands, epaypoint and Web-Pay, geared to the Internet and designed to accommodate exponential demand for media and is a natural extension for NMTV. Initiatives are also underway in Reality TV and ongoing natural history filming. Other subsidiaries hold film interests via script rights.
Safe Harbor Provisions: The foregoing contains certain predictive statements that relate to future events or future business and financial performance. Such statements can only be predictions, and the actual events or results may differ from those discussed due to, among other things, those risks described in RTGV's reports filed with the SEC. Opinions expressed herein are subject to change without notice. This document is published solely for information purposes, and is not to be construed as an offer to sell or the solicitation of an offer to buy any securities in any state. Past performance does not guarantee future performance. Additional information is available upon request.
SOURCE: RTG Ventures, Inc.
RTG Ventures, Inc.
Investor Relations, 917-488-6473
you'll have to shoe them away soon enough
i think this closes over .04 today
does anyone else feel like this thing is real close to exploding or is it just me?
an update would be good
Nailman let us know what she says if you call.
thanks
maybe we get a pr, who knows
so it always happens in like 2-3 days for you, that is very impressive, i wish i could time it like that all the time
so it always happens in like 2-3 for you, that is very impressive, i wish i could time it like that all the time
BUY don't CRY
fact is float is thin and moves up and down quickly, now is the time to buy, not cry, no reason to cry this will move higher with just a little patience
this is down on less than 100,000 traded no worries once info comes out this will fly higher and higher just a waiting game now. if you can't wait shouldn't really be in any market
trading, the real question is will Linda come through again and get this done in January, that is what was said, right January Merger. They are running out of time here if they are going to make that selfimposed deadline. I hope they come through.
709,565 good volume, highest in probably 2-3 months
volume keeps increasing here, if this continues it's just a matter of time before we truly breakout imo
we could have a break out here if euro money comes in early
somebody just sold out at .04 to stop the up tick
here comes a little buying pressure .04 x.042
we hit .04, how bout a pr
i love it, go napolm
.035 x .0375
maybe a little buying pressure
today would be a great day for an update.
thank for the summary Trading
I don't believe that is us, I believe tothe was just making a comparison.
oh well
Do you know if this part of the new company we are about to become? this website (http://www.newmediatv.net/index.htmland)
and Robert King,executive.
If it is I this we got on the right ship, this guys talking about being on board with Microsft and Windows Media 10, and HDTV over IP and all this other hitech, innovative, cutting edge technology that nobody has yet, I think it is very encouraging if this is us. any body know?
Dude, they are raping you, ETRADE is at most like $15-$18 atrade and if you trade just moderately (30 trades a quarter)it comes down to like 9.99 and you don't have to have a large account.
you should move your account out of wherever you are as fast as you can.
If I paid $165 commission on a trade I'd be broke
hey Trading, could you put together a summary of all that RTGV has going to support making the investment with the new 2.8 to 1 justification as well, I'd like to cut and paste it to another board but youhave the best overall knowledge of DD that I have seen presented on the board to date. If you have the time I would graetly appreciate it. I think there are alot of sideliners who still don't know the whole story here.
Thank you either way
I'm clapping over here napolm, good job. your real reward is yet to come however
did anybody see that, there were 650,000 traded, then it went down to 590,000, then it went to 595,000 at .033 and closed
what's that about?
here we go...........
late rally here
anyone have L2, how many more at .029?
100,000 block just went through at the ask, nice to see some bigger blocks go, that reminds me of the euro money last year
The VOLUME TELLS THE STORY IN MY BOOK, if you look at the last 7-10 trading sessions compared to the 7-10 before that, you will see the interest is climbing, when we trade a million in a day, POP
ALOT of SIDELINERS GONNA BE CHASING WHEN THIS POPS< IT IS A THIN< THIN STOCK
I there's something different about today's start already, something's cookin here
Maybe a mid day PR update today?