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New 8K in works as per IR Dept.
From: rvplpr@ecco2.us
To:
Sent: Monday, April 8, 2013 11:55:52 AM
Subject: Re: Two Questions
The CEO letter should be in the website, hopefully by Wednesday, and apparently there is an 8k in the works which could hit this week too.
Mr. Peterson continues to travel and build the business.
Reason for the STLK stop sign on OTCMarkets.com. I am sure this was missed, an oversight due to all of their changes happening in regards to their new accountants, lawyers, and audits happening as we speak. No biggie, I'm sure this form will be filed or 10K (Annual Report) will be filed latest by next Monday.
----- Forwarded Message -----
From: Brandon Ferguson <brandon@otcmarkets.com>
To:
Sent: Monday, April 8, 2013 6:03:46 AM
Subject: RE: OTCIQ Information Request
We have an official notice of late filing which they never posted. It is available here:
http://www.otcmarkets.com/content/doc/ps/NotificationofLateFiling.pdf.
Regards,
Brandon
Brandon Ferguson
Issuer and Information Services
100 M St SE, Suite 220
Washington, DC 20003
T +1 (212) 896-4489 | F +1 (212) 652-5920
brandon@otcmarkets.com
IR gives reason in regards to the delays about the Nigerian $250 million per year in Accounts receivables as mentioned in the 8K dated August 21, 2012.
From: rvplpr@ecco2.us
To:
Sent: Monday, April 8, 2013 6:37:47 AM
Subject: RE: Two Questions
Good Morning,
Additional clarification to your questions.
Soft costs for project/research development, training, and consultant fees billed to client every month. The hard costs will follow in next few months and the proforma invoices with pending acceptance and approval by the purchaser will be following to credit/risk insurance and/or surety bond for each invoice payment. At the moment Financial can pledge or guarantee any funding amount that it desires, whereas, if the middle market financing is not insured RVPlus and partners from purchase and service contract and MOU carry the risk for the cost of goods an services until UN financial aid pays the invoice(s). For this reason does the Company's risk management and mitigation system to prevent an enormous debt ceiling from political and foreign policy matters that may cause an invoice or series of invoices from a certain Party to be delayed or rejected.
Everyday you see entities with government contracts make this mistake. As a result they become wound up due to carrying the debt from operating and production expenses that they have not yet been paid for. For a small business this could be $50K or so. In our case it could be $10 million. If RVPL says "OK" and begins work within an "unsecured" transaction the Company could find it self past due with its vendors and suppliers very quickly.
We are working with World Bank, IMF, Ex-Im Bank, and other insurance providers to obtain approval and price quotes that will establish policies to support $250 million in billing for 12 months to Nigeria. At this very second its under review and we will continue to remit invoices with what we know we have covered today.
STLK is in Colorado, not Nevada. Take a look at this, notice the state!!
http://www.otcmarkets.com/stock/STLK/company-info
IR Response to my two Questions asked in post # 2922.
From: rvplpr@ecco2.us
To:
Sent: Sunday, April 7, 2013 12:00:52 PM
Subject: Re: Two Questions
Good afternoon,
I have made a request to Mr. Peterson for a CEO letter to shareholder with an update and I expect that to be on the Corporate website for all to see this week, hopefully by Tuesday or Wednesday.
Give or take a few dollars when it comes to billing adjustments made to debtor(s). $23.6m is not far off from $24m projected.
I have added these questions of yours to the request and I will forward additional answers as I receive them.
Fired a couple of questions to IR dept.
From:
To: rvplpr@ecco2.us
Sent: Saturday, April 6, 2013 10:36:23 AM
Subject: Two Questions
Good morning,
I have a couple of questions.
Your PR dated Feb 5 states you have over 24 million in Accounts receivable yet your 10Q says the following "We have generated $7,000.00 in revenue since inception and holds $23,643,213 in short-term accounts receivable for services rendered to Purchaser(s) from November 2012 through March 2013"
1) Were there other accounts receivable prior to November 2012 that increased the numbers to over 24 million as mentioned in the Feb 5 PR as only 23.643 million were mentioned in the 10Q?
2) My other question is the 8K dated August 21, 2012 states that RVPL will be generating with the Republic of Nigeria "a monthly payment schedule for first twelve months of pro forma invoices to total the amount of $250 million (USD)". It's now been approximately 8 months and we are no where close to $250 million in account receivable as mentioned in this 8K since there are only approx 24 million so far. Could you care the explain if there are any delays or other factors for the lag in accounts receivable compared to what is mentioned in this 8K?
Any clarification on this would be great and an update from your CEO is needed to address all these questions is needed as investors aren't too pleased with the lack of communication regarding these matters.
Thanks again.
Looking good :) Now lets see some news!
DIIG. Accumulation been going on now for 2 weeks now. Over 5 million projected revenues for 2013 (up 60% from 2012) since they bought a new clinic that deal closed in Dec 2012, another acquisition in the works and only 23,121,481 shares outstanding. So undervalued!
DIIG. Accumulation been going on now for 2 weeks now. Over 5 million projected revenues for 2013 (up 60% from 2012) since they bought a new clinic that deal closed in Dec 2012, another acquisition in the works and only 23,121,481 shares outstanding. So undervalued!
DIIG on the rise! 2013 revenues anticipated to be way over $5 million now up from 3.38 million in 2012 with their latest acquisition in Dec 2012 and another acquisition in the works. Low floater and tiny outstanding shares. Do your DD on this one, NO BRAINER!!
DIIG on the rise! 2013 revenues anticipated to be way over $5 million now up from 3.38 million in 2012 with their latest acquisition in Dec 2012 and another acquisition in the works. Low floater and tiny outstanding shares. Do your DD on this one, NO BRAINER!!
I love the potential, non-hype, tiny float and outstanding shares of this company. It will be a big winner in my opinion!
Yeah baby! $0.0004 till the final triple-zero train destination of $0.0001. ALL ABOARD!!!! I just love being right, it's so much fun! Both Momo and Kojak bought train tickets LOL. Where are those two (yes I know it's the same person) anyways these days? Neither have posted on this board in a very long time.
Amazing how the SRGE PR pump machine stopped pretty much after the SEC halted them. Game over folks and good riddance!
My next post here will be when it closes at $0.0001 like I predicted all along.
Talk to you soon guys!
Slow and steady rise. I like it. News would really make this one pop!
Clarification on the Social Media PR from CEO.
From: Jose Quiros [mailto:jquiros@v3rsant.com]
Sent: Thursday, April 04, 2013 12:10 PM
To:
Subject: Re: Quick Question on Social Media PR
Thank you for the note. Our apologies if that was miscommunicated. Here you go:
"The Company will continue to use the standard disclosure methods applicable to its communications / disclosures such as Press Releases and EDGAR when that becomes applicable. Our recent update simply adds Facebook, LinkedIn and Twitter to the overall communications effort. In no way do we see changing Press Releases or using Marketwired (as evidenced by the ERV Press Release of this morning)."
Good for everyone to note Marketwire is now Marketwired.
You may also want to mention that we issued that Press Release to comply with the following:
"Companies can use social media such as Facebook andTwitter to unveil key information about their operations as long as they've told investors where to look for it" and this is why we issued a Press Release on the Social Media- to comply with this requirement- and let investors know we are posting there as well. We have used social media for a long time.
Best regards,
José P. Quirós
CEO/Managing Director
STLK/ Versant Corporation
Skype jose.quiros1
www.v3rsant.com
Tel. (USA): +1.719.219.5797
Mobile (USA) +1.719.505.3785
Tel. (Costa Rica): +506.2505.5840
From:
Sent: Thursday, April 04, 2013 12:01 PM
To: jquiros@v3rsant.com
Subject: Quick Question on Social Media PR
Hi Jose,
Thanks for all the PRs today.
Investors are now wondering as the way this social media PR is worded does that mean that all upcoming PRs such as the anticipated PPA agreement being signed will only be issued through LinkedIn, Facebook and Twitter?
I am not the only one who reads it this way. If you are going to still use Marketwire or another external source or still use OTCMarkets.com it should say so in that PR….”in addition to external news sources or OTCMarkets.com” as this PR is confusing me and many other investors.
Any clarification would be great. Thanks again.
Mind sending me some of those DKGR pics?
Whether or not those accounts receivable invoices ever get factored and turned into revenues, the good news is RVPL should have millions of dollars of revenues being generated after May 1st, 2013 when the purchase of IVTI gets completed since the following was mentioned in their latest quarterly report. I'm not too worried at all at this point and wish I had more powder!
The proposed closing date for merger-acquisition and partnership with IVTI is set for April 30, 2013.
The company has projected sales revenue of over $10 million for 2013 from local, state, and federal contracts and is a women-owned business established in 2007 by founder and CEO, Dana Williams, inclusive to possessing several high profile supporters and board advisors such as John Ellis "Jeb" Bush, Jr., who have enabled the school to establish robust business relationships and networks for investment and real estate opportunities.
DIIG starting to pick up some steam!
To all those negative people out there ask yourself this question. SNDY is actually spending the money and resources now to complete this CE certification and why go through all this trouble to complete only until a Stage 1 Audit and please remember these two important sentences in their last March 4th, 2013 filing http://www.otcmarkets.com/financialReportViewer?symbol=SNDY&id=100290
Solos Endoscopy completed the Stage 1 Audit with TÜV SÜD America on Tuesday, February
26, 2013.
Solos Endoscopy has six months from the Stage 1 Audit to schedule the Stage 2 Audit.
26, 2013.
Email response from RVPL IR regarding accounts receivable/revenue conversion.
From: rvplpr@ecco2.us
To:
Sent: Wednesday, April 3, 2013 6:18:55 PM
Subject: RE: Clarification needed about today's PR
Hello,
1. The figure of $24 million was publicly disclosed by way of a Press release dated Feb 5, 2013.
"NEW YORK, Feb 05, 2013 (GLOBE NEWSWIRE via COMTEX) -- RVPlus, Inc., (OTCQB:RVPL) holding company of ECCO2 Tech has announced a partnership and letter of intent for a merger-acquisition, in pursuit to deploy and expand LINGS, a sustainable 'green' education program throughout Africa, Micronesia, Asia, West Indies, and Latin America founded last year. The projected sales revenue to be generated from the partnership with Intervisual Technology are in the billions due to eligible grants and debt financing from United Nations financial aid partners, who are encouraging the new addition to the ECCO2 Civil Society Programme.
RVPlus, Inc. currently holds over $24 million in accounts receivable from invoicing for products and services rendered for active government contracts in Africa and West Indies, displaying significant growth from the Company's quarterly filing as of October 31, 2012, which shows $8.66 million from accounts receivable and $297,117 deficit accumulated from August 1, 2012 through October 31, 2012. The Company is in pending negotiations with lenders and private investors who will provide cash payments for the accounts receivable invoices."
2. The amount of $17,590,837 was confirmed as of January 31, 2013 in the 10Q filed March 28, 2013
(see: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9189216 )
3. Overall its based on insurance companies and financiers for government receivables financing via:
World Bank aka Ex-In Bank, IMF (as described in the
As with anything government it is not immediate. We all know federal governments and bureaucracy takes time.
As the receivables are exactly that, Invoiced and receivable and not cash in hand, it cannot be counted as actual revenue at this very second.
Next week or next month could be totally different. The methodology for accounting is quite conservative and traditional and the next filing, the 10K annual will state actual revenues and actual receivables just as this 10Q did.
There are no foreseeable delays in the filing of the 10K at this time.
4. NEW YORK, Jan. 06, 2013 Dear Stockholders: Press Release.
Receivable-to-Revenue Methodology Simply Clarified
(1) A contract is executed, an invoice is submitted for payment to government party, In this instance there are multiple invoices for goods and services rendered over a 10-year duration linked to one master agreement.
(2) Credit/risk insurance is obtained to secure risks involved with purchase or service order (inclusive of meeting credit terms extended to the Purchaser and payment to RVPlus),
(3) The insured invoice is factored by a bank (or a private investor party) and within a week funds are paid to RVPlus for goods shipped and services rendered as a cash advance several weeks before the commercial invoice is actually paid by the Purchaser.
Lastly, I will make a request to the CEO, Mr. Peterson, to provide a shareholder update.
I hope this helps.
-------- Original Message --------
Subject: Question about Jan 31, 2013 Quarterly filing
From:
Date: Wed, April 03, 2013 12:18 pm
To: rvplpr@ecco2.us
Good afternoon,
Please read the email below that you emailed me back on Feb 5, 2013. As you can probably already sense, many investors are disappointed as there are zero revenues that were promised by RVPL IR showing in this report and no account receivables have been converted into sales yet as mentioned in this email and account receivables were not 24 million as you mentioned but 17,590,837.
Could you have the CEO explain to us why they haven't been converted to sales yet and how much of this 17.5 million in AR is projected to be converted into sales in the next annual report dated April 30th, 2013 and due to be filed on or before Mon, July 29, 2013 to avoid getting an E placed on the ticker symbol like this late quarterly report.
Any information would be greatly appreciated.
From: rvplpr@ecco2.us
To:
Sent: Tuesday, February 5, 2013 9:48:55 AM
Subject: RE: Clarification needed about today's PR
Thank you for your Question,
YES, the next 10Q will include revenues AND more accounts receivables. As stated in today's PR, $24 million+ and counting. Our CEO, Mr. Peterson, worked through the entire holiday season to increase shareholder value and as discussions and meeting become agreements these events will be announced in a PR.
I hope this helps!
I completely agree with you!
I have an email dated Feb 5, 2013 telling me some revenues would show up in this January quarterly report so I emailed IR asking why no revenues in this report and attached the email they sent me back in Feb. Investor's deserve an explanation. Delays are fine, just telling us would be nice ahead of time. I will keep you posted once I hear back.
I emailed IR asking the CEO to answer how much of these 17.5 million in account receivables is expected to be converted into sales before their next April 30th annual report that is due to be filed on or before July 29, 2013 to avoid getting an E added to their stock symbol again.
I do like that the IVTI deal is set to close on April 30th and their recent relationship with GC Barnes Group http://www.gcbarnesgroup.com
We do not anticipate that we will continue to incur operating losses in the foreseeable future. Therefore, our auditors have changed the raised doubt about our ability to continue as a going concern to a lower risk than declared in previous reports filed with SEC.
IR now states filing is EXPECTED to be out today. Keep in mind they said the same thing yesterday. I thought the new accountants/auditor they recently hired John Kinross-Kennedy would be more on the ball than their previous ones.
From: rvplpr@ecco2.us
To:
Sent: Tuesday, March 26, 2013 8:29:48 AM
Subject: RE: Jan 31, 2013 Quarterly filing
Good Morning,
YES, the 10Q is expected to be available online later today.
Keep an eye on http://www.otcmarkets.com/stock/RVPL/filings for the filing.
Regards
-------- Original Message --------
Subject: RE: Jan 31, 2013 Quarterly filing
From:
Date: Tue, March 26, 2013 7:01 am
To: rvplpr@ecco2.us
Good morning,
I don't see the Jan 31, 2013 Quarterly filing. Will it be filed today?
Thanks.
From: rvplpr@ecco2.us
To:
Sent: Monday, March 25, 2013 7:57:03 AM
Subject: RE: Jan 31, 2013 Quarterly filing
Hello,
Management has advised that the 10Q should be filed and available online today.
Regards
Probably because the annual 10K report ending Dec 31, 2012 will show increased revenues and assets from their latest clinic acquisition that took place on Dec 10, 2012. The report should be out before next Monday.
I'm not too worried, the PPA is a done deal in my opinion. Take a look at the filing they placed today on the OTCMarkets.com website.
STLK news today and new Supplemental filing on OTCMarkets.com issued today. I love the transparency of this company. This one is a no-brainer from these ridiculous low prices. First week of April is right around the corner.
Since all contractual terms have been negotiated and agreed upon, we expect this contract anytime after the first week of April,” said Jose P. Quiros, CEO of STL Marketing Group, Inc.
I got this email from IR today.
From: rvplpr@ecco2.us
To:
Sent: Monday, March 25, 2013 7:57:03 AM
Subject: RE: Jan 31, 2013 Quarterly filing
Hello,
Management has advised that the 10Q should be filed and available online today.
Regards
RVPL's 10Q for period ending January 31, 2013 is due latest by Monday, March 18th according to http://www.secfile.net/SEC_calendar.htm , the anticipation is killing me LOL....TICK TOCK!!!
Why the reduction in restricted shares? Any thoughts?
DIIG. 8K filed showing audited financial statements and current revenues of almost 2 million per year and barely any long term debt. Market cap is less than 800K. This one is a no-brainer!
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=9113365
DIIG. 8K filed showing audited financial statements and current revenues of almost 2 million per year and barely any long term debt. Market cap is less than 800K. This one is a no-brainer!
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=9113365
New update on Facebook with pictures regarding their project in Haiti.
http://www.facebook.com/pages/Ecco2-Tech/248982298518939?fref=ts
Funny thing I bought CERP today and I've been following IDGC since NEW director they filed with Nevada and updated OTCMarkets.com. Great minds think alike!
MMs don't know anything. I highly doubt CEO Jose and his team at STLK would release anything before any PR to these MMs as he's pretty adamant about that and remaining professional and transparent is very important to him in my opinion.
Sweet, I'm up to 2 million shares now with my 500K purchase today!
WE'VE JUST ARRIVED AT THE $0.0005 STATION. NEXT STOP $0.0001. ALL ABOARD THE SRGE TRIPLE-ZERO TRAIN! CHOO CHOO!!!!!
Put a half a million order at the bid. This thing ain't going down anymore HAHA.
I think this is pure MM manipulation as the PPA is coming I can feel it in a couple of weeks and these market makers are setting themselves up for it now! There is a very popular gold mining scam stock (we all know which one I'm talking about) that has a similar market cap than STLK now sitting at a cap of about $445,000. Ridiculous manipulation!
Did RVPL change their year end dates? You'll notice the last 2 quarterlies ended on Oct 31, 2012 and July 31, 2012 and this quarterly for the late filing is for period ended Dec 31, 2012. I thought it was supposed to be Jan 31, 2013.
This one is over folks. Just spoke to CEO Thomas Blake, he is resigning and mentioned that they don't have the funds to buy anything and company is completely mismanaged. Call him, he will confirm the same info at (310) 472-4656.