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True you have to show some past history just thought it could flow into what is happening now
Very interesting info here. I see the connection. I suggest get this in the Ibox and get rid of all the old news. New investors look there first many times.I hope this comes to fruition because that would be a huge reverse merger if done right.
Thank you. Your right on reverse mergers. Penny land loves them. Especially if the share structure is good and the company coming in looks solid. The share structure here is good.
geeze guys update the ibox then. That is where I started my DD on the company. It would help you if it was up to date
Operations was the wrong word. They have set up purchase and lease agreements in order to begin operations. I see significant funding has been obtained. Fact is the activity is all in the USA. Makes it so much easier to verify progress unlike many of the China scams
GL
that is true
This ones operations are on US soil from what I see. This one could certainly be different.
Already off to a great start. Liquidity has improved significantly. That is a huge piece of progress. Boardmarks are up significantly. I have spoke to quite a few new investors of late
Great start!
Actually they never really ran a campaign. They tried starting in January. They picked the wrong firm who did nothing but take their money. They became very sour to running any campaign hence the statement by the CEO.
This is an awareness campaign with the hope to bring new longer term investors as new eyes get on this.
The company has no registered shares to sell
They paid cash for their awareness no shares issued
Technically this is the first campaign that is scheduled to last a few months. Its in its early stage
My experience with the penny China plays is this. The better they looked. The more of a steal they appeared to be. The steadier the decline. Granted there must be a few that are on the up and up. Like picking a needle in a haystack though. Could this one be on the up and up? Sure could but the odds are scary
Who will own the music cloud: a battle of giants and the consumer
From Hat12Trick
I found the article below to be a good summary of the current battle taking place between the big three, and how it ties into digital rights, monetization & distribution, and ultimately the consumer. There are a lot of eyes watching this unfold for digital music.
And, as RTG gains traction with their technology and streaming of live content, it will certainly not go unnoticed throughout the industry and media. Ultimately it boils down to the last two paragraphs, IMO.
----------
http://digisquared.com/social-media/who-will-own-the-music-cloud-a-battle-of-giants-and-the-consumer/2011/05/22/
The cloud is one of the biggest buzz words in technology today, and that includes cloud based music services, with Google recently announcing their Music Beta service and Amazon Cloud Drive/Player. But in the shadows lurks the biggest of them all; as Apple is preparing their iCloud gaining the full backing of the music industry, who will come out the winner, and will we as music lovers be better off?
What is cloud based music services
To keep it simple, a cloud based music service allows you to store your own music or music you have bought virtually instead of/as well as on your computer/digital music player, and allows you to access it from any device that is connected to the internet, using a media player to stream the music over your internet connection.
The main benefits of cloud based music services is that it allows you to access your music anywhere and on any device without having to have files stored on your device. The main issue of course is that you need an internet connection, although many of the services will allow you to temporarily store a selection of the music/playlists etc. on your device for offline playback. This is very useful as even in today’s society you might find yourself without an internet connection.
So, who are fighting for cloud music supremacy?
Google Music Beta
Google recently launched their cloud music service Music Beta, which at the moment is available, in beta, only in the US, but i’m sure as soon as they have had a chance to iron out any issues it will be rolled out internationally.
Music Beta allows you to upload your music library to to their cloud storage, including iTunes playlists and ratings you might have, for easy access on any device. The service includes automatic wireless syncing of any changes or additions you make to your music library or playlists, as well as accessing a selection of recent songs etc. while offline on your Android device.
The main issue Google has at the moment is that their service only includes streaming your own music library as they don’t have any licensing deals for streaming with major record labels yet. How big of an issue that is remains to be seen.
Amazon Cloud Player
Amazon was actually first among the big ones to launch their cloud music service, utilizing their Cloud Drive service alongside a new Cloud Player that can be accessed online through your browser or through Apps (includes Android app).
It allows their customers to upload their music library and songs they buy through Amazon MP3 Store for easy access through any device at any time (with internet connection).
Like with Google Music Beta, they don’t have licensing agreements with the music labels to offer streaming of music outside of your own music library, and there might be legal issues there as well (as i will come back into later on).
Apple iCloud
First of all, this is not the confirmed name of the Apple cloud music streaming service at this point so for all we know it might be called something else (my bet is still on iCloud though).
The ‘iCloud’ is belived to be an improvement of the MobileMe service that Apple is currently offering and will likely work very much in a similar way to the services from Google and Amazon. But Apple has a few advantages on their rivals:
•Apple is the largest seller of music globally through their iTunes service (source: Guardian)
•The number of registered users are in the hundred of millions (source: Wired).
•Apple has currently signed iCloud licensing deals with 3 of the 4 major record labels for a cloud based streaming service, which means that users will have access to music outside of their own music library (at a fee i would imagine)
Until we know what the Apple service will be like, and the pricing structures of all the services, we can only speculate in which one will become the most popular. However there are other giants in this game as well…
What about the music labels?
There is a popular saying that “content is king” and when it comes to music the record labels controls the content.
Ever since the internet boom started the record industry have been struggling to keep up with innovation and changes in consumer behaviour, often resolving to legal action in an attempt to keep their own revenue streams protected. In a way it can be compared to the changes we are seeing in the Middle East, which in a large part is driven by social media and technology changes, challenging the established systems and influencing the political agenda. Of course there is a difference between a political dictator and a music label, but they are both hanging on to ways that are in direct conflict with changing global trends.
For the record labels the cloud could be an opportunity to gain back some monetization of digital music, and have some control over the distribution of music through licensing agreements. As mentioned above, Apple are so far the only of the big players that have managed to negotiate licensing deals with the major record labels, raising the question of why? Are the record labels being too greedy and controlling of the situation for Google and Amazon to be willing to work with them?
A report from DigitalTrends suggests that the breakdown in negotiations between Google and the record labels came down to the record industry demanding compromises that Google was not willing to make, including control of music files obtained through ‘piracy’ and for Google to eliminate links to filesharing sites from their search listings.
It could look like the record industry is still fighting a battle they can never win. But it gets more complicated than just that…
The law
Intellectual property right law is a minefield that i am not even going to pretend that i understand, but it is one of the biggest issues facing the record industry and digital music today, and potentially a big issue for these new cloud based music services as well.
Both Google with Music Beta and Amazon with their Cloud Player launched their services without having licensing deals in place with the record labels, and the record industry are already rattling their lawyers against them, preparing for what i am sure will be a long battle between giants with a very different ideology.
As pointed out in this article from BBC News, format shifting (turning music on a cd into digital files for example) is in violation by copyright law, but in the US defensible under the principle of fair usage. Those rules do not however apply for the UK, so technically you are breaking the law by ripping your current cd collection into digital files for your digital music player.
As for music files that you have bought digitally and want to stream from a cloud service, it is still somewhat of a grey area whether you have a right to store those digital files on a different server, like a cloud server. And it becomes an even bigger issue if those digital music files that you upload to a ‘digital locker’ are obtained from filesharing, otherwise known as music piracy.
What about the consumer?
So where do we as consumers fit into all of this you may ask. All of the issues raised above becomes a reality for us as consumers.
The issue of digital rights to the music that you have purchased becomes an issue in terms of the record labels and the cloud music streaming services fighting it out between themselves about what is legal or not. But that is more of a battle about royalties to the music industry (the legal owners of the original content) and won’t necessarily put you in any legal problems.
But what if you as a consumer upload a music file that you have downloaded through a filesharing service, thereby according to the law illegally obtained it? As pointed out in this Mashable article, it might be useful to make sure you read the terms and conditions of the cloud based music service carefully before you start uploading music you have not purchased through legal channels. They point out that in the T&C’s for the Amazon Cloud Player they state that music that infringes on the rights of any copyright owner isn’t allowed (to be expected), and that it is the user obligation to make sure they are; “complying with all applicable import, re-import, export, and re-export control laws and regulations.”
Expect to see similar wording from all music services like this as they are only protecting themselves against ‘illegal’ activity from the customers, but the question is, how will they act on it? If there ends up being a big battle between the cloud music services and the record labels about illegally obtained content, could we as consumers end up in the firing line? Yes, we could, if the cloud based music services have to hand over account information with illegally obtained music in them.
The technology money machine
In the end, like with most other things, it all boils down to money. The record labels are seeing drops in music sales by £1.3 billion last year (source: Independent), with a large part of the drop being blamed on piracy.
Some believe that the introduction of cloud music services is the next messiah for the music industry, but the issue around privacy etc. from a consumer perspective could become a big stumbling block for the full on adoption of these services by millions of consumers out there.
While the positive sides of the cloud based music services are that it provides one place to store your music and access it from any device, avoiding possibly lost data issues should your storage device get lost, damaged, or stolen, it will also be a service that you will have to pay for (although some offer free up to a certain limit for now). Having to pay to access your own music that you have already paid for anyway might be a stretch for some, and do most of us really need to access our music from any device anywhere in the world?
One good thing that is coming out of all this new technology though is that it makes it easier for artists to get their music out there to be heard without having to rely so much on the distribution network and contacts of the music labels. With technology and social networking, we share the music we like with our friends and network in seconds so the chances of a talented artist/band being discovered are higher than ever.
Quality music will get discovered and shared in the new marketing channels for the music industry, and the cloud represents a new way for artists to deal directly with the key distribution channels. Consumers get more power, and good artists will succeed.
Speaking of a Billboard artist endorsement
50 Cent is God Father to one of Steve's children at Aderra.
Steve Baughman is the co-principal at Aderra. Steve, a Grammy-winning audio "genius," is the key to the talent access. He brought in 50-Cent, Lady GaGa, all of Universal Music. Steve has built a personal relationship with his clients
From the RTG Shareholder Letter
We’re also working with Aderra to identify a Billboard artist to endorse our products.
Aderra is a close partner to RTGV. Its expected they will be streaming live performances together soon.
RTG Ventures Partners With Aderra to Monetize Concert Video http://www.marketwire.com/AdvancedSearch/AdvancedSearchResults.aspx?sid=e07b8f00-2658-42e1-8350-fee17f0ea664&idx=1
I like the potential of getting a major endorsement soon. An endorsement by one of Steve's billboard artists would bring a flood of investors in eating up this float imo. Big endorsements like this are usually done through the artists Twiter/Facebook tweets and blogs. The one endorsing usually stay on longer term working on projects with the company to bring it to full potential.
This would be massive for shareholders in RTGV if this comes to fruition.
Share structure: The OS has stayed the same for several months. Data taken from recent 10Q
The acquisitions that were brought in one year ago are due to get their restricted shares in September. There is filings on this topic. There is an 8K as well as mentions in 10Q's and 10K. The higher the share price the less restricted shares that will be issued.
I don't anticipate using anywhere near the allowable AS for this.
The company mentioned bringing in a billboard artist to endorse the company. Surely they would need restricted shares to become invested as they work to grow the company
The company has no registered shares to sell
The long awareness program is being paid in cash no shares issued to anyone involved.
Transfer Agent Open
I think we should await to hear more from the company on this. I have some ideas but surely they can explain it better. I will submit your post to the CEO. I will expect a response soon.
Investing in Cloud Technology Boom
RTGV Streaming and monetizing live music with cloud applications
RTG Ventures CloudChannel : Prepares to launch a massive awareness campaign scheduled to last for 5 weeks and longer.
RTGV RTGV.OTC.QB Is one of the few public companies in the microcap market with cloud technology and social media reach.
Google, Facebook, Apple, all pressing to get the lead in this booming industry of streaming live music and cloud technology which is in the birth stage. Companies across the technology industry are jockeying to associate themselves with cloud technology.
A 120 Billion Industry
Cloud.com bought for a reported $200-$250 Million several weeks ago
Nearly $400 M raised in music startups during 2011
Spotify raised $100M and has a valuation of over $1B as a private company.
Pandora went public through IPO in June, is trading at $15.97 high on Friday with a market cap of 2.41 BILLION.
LinkedIn similar
Eventbrite similar
Beyond Oblivion similar
Oversubscribed opened to public market at $26
Start with this. There will be plenty of DD coming to the board on the RTGV disruptive technology, Cloud Channel. Looks like plenty of news coming as well after reading the PR.
CloudChannel: Glimpse of the Future
http://www.rtgventures.com/products-services/cloudchannel/
http://cloudchannel.co.uk/
Looks like their disruptive technology is ready to make its first appearance soon. This is the technology that has the potential to make RTGV soar in share price quickly
sweet!
It is good to have your interest here. Best of luck.
Thanks for the links and the good info on the topic.
Welcome aboard
I believe the company will release some significant developments very soon. I certainly expect it. We seen the Pr and the shareholder letter. I am expecting an announcement of a deal with a mult-billion dollar NYSE company as pr'd. I am also expecting a significant endorsement. Not just because RTGV is trying to get one but because Aderra is assisting in the process. My DD on Aderra and specifically Steve makes me quite confident they will pull this off. Penny land is very tough. It may take a big endorsement to get the right people buying the stock. Usually those that follow a big artist come in for the longer haul. As they continue to endorse through various vehicles the new investors continue to come in. We seen this with 50 Cent. Endorsements can have a very significant effect on the share price of a company like this. With all the above its worth hanging around to see what transpires. At very least keep the company on close watch this year
Best of luck
Getting some liquidity back into this stock. This was a serious issue for quite some time
I don't think shorts think many pennies will deliver anything big. Therefore if they see certain things like an AS rising or strong volume especially when a awareness program is announced. They think pump and dump and get in on the short side. Rarely will a penny deliver anything big. I think we can be different. Lets see what the company has over the next several weeks.
Perhaps big volume last Friday out of the blue combined with the fact the company raised the AS. I think they made a mistake
That has been going on. Look at buy ins for a short report.
We will burn them in the not to distant future IMO
Welcome to the Mod group hat12trick
I just spoke with a shareholder who said most all of the action was him buying. I asked him to post his trade confirmations
That iis correct. No registered shares and all cash used for awareness programs. No shares.
Very unique and very credible
You should do a good deal of DD on Cloud Channel. It has disruptive qualities. Even people high in the industry have used that term when RTGV showcased the technology in private meetings. Granted we are all waiting to see this and until we do its still just words. From what I understand its getting close to a first showing.
That was a question to a poster not a statement. I never implied all nor did the SEC
a letter from the SEC implies all China stocks are scams?
Exactly. That is why we had the CEO say he would never run a micro cap campaign. The shareholders wanted one very badly. They felt the great story was not being heard. They begged the company for a year lol. Lets face it a great deal of your penny investors are here on the Ihub. Why not reach as many as you can with your story. That is what we are going to do. We have picked up some news shareholders already and we have just begun
You think there are thousands of Chinese stocks in our markets?
Welcome aboard always good to see new investors. Sorry did not get to that welcome earlier
Who said that? I just gave you some reading direct from the SEC
From the SEC
As of December 2010, the SEC had initiated an ongoing investigation into Chinese stock frauds in the United States,[1][2] and in April of 2011 the SEC Commissioner warned investors that a growing number of Chinese companies were "proving to have significant accounting deficiencies or being [sic] vessels of outright fraud."[3] The frauds appear to have been orchestrated on a massive scale by Chinese companies traded on North American stock exchanges.[4] A December 2010 review of the market capitalization losses of 150 China RTO companies estimated Americans' losses to have exceeded $34 billion.[5] The same review estimated that at least 30%[5] of the 500 China-based companies traded in American markets were fraudulent.[5]
Many suspect Chinese companies entered the United States by conducting reverse mergers with U.S. listed shell companies. In March 2011, a prominent defender of soon-to-be-halted China MediaExpress (CCME) estimated that over 80% of all China reverse merger companies were frauds.[6] However, an apparent fraud that erupted in May 2011, Longtop Financial, had gone public on the New York Stock Exchange in 2007 with underwriters Deutsche Bank and Goldman Sachs, and at one time boasted a market capitalization of $2.4 billion.[7]
In many cases, China frauds flourished for years under the noses of their auditors, some of which were smaller or regional firms.[8] However, the auditors of CCME, Longtop and other apparent frauds were with the "Big Four" branch office, Deloitte Touche Tohmatsu[9][10] Generally, NASDAQ and the other exchanges have become aware of these companies only when their interim filings with the SEC have been delayed or withheld due to their auditors' sometimes belated refusals[11] to sign off on them, as is required by SAS 100. In response, exchanges have imposed lengthy trading halts followed by relegations to the "pink sheets,"[12] and immediate, precipitous drops in their market prices. Typically therefore, far more extensive due diligence may be warranted prior to the purchase of any U.S. traded Chinese company's stock than for a decision to buy the stock of a domestic, U.S. traded company.[13][verification needed]
The means of fraud are many and varied. In both the Longtop and the CCME cases, company income and assets are alleged to have included large amounts of nonexistent cash, as confirmed to company auditors by third party bank branches. [14][7] Sino-Forest Corp. (then TRE on the Toronto Stock Exchange), is alleged to have been a 16-year, $4.2 billion "capex" fraud in which a forest products company sold stock regularly, basing its growing valuation on trees that were never harvested because they didn't exist.[15][16] Other characteristics of China stock frauds may include: delays in filing financial reports; high turnover of CFOs, directors or auditors;[citation needed] unusual or overly complicated corporate structure; research budgets that are low for technology companies; unusual share transactions; revenues, margins or earnings exceeding those of peers; low executive salaries; etc.[17] These frauds began to be exposed in 2009 en masse by the some short sellers.[18][19][20][21] Even as they were being inundated by distressing facts, many Western investors defended the China stocks passionately, potentially giving Chinese company executives, aided by the American counterparties promoting their stocks, additional time to sell out their positions to credulous American investors.[22][verification needed] By June of 2011, after certain of the China stocks had been exposed as apparent frauds, with no evidence to the contrary presented by the companies themselves, these stocks continued to trade on North American markets at substantial valuations.[23] The stubbornness of some Western speculators (possibly resulting from a combination of "greater fool" theory and magical thinking) appears to have mirrored the outlook of ordinary Chinese investors, who reportedly continued to show little interest in the fundamental values of stocks traded on their domestic exchanges, and a belief that government of the Peoples Republic of China would somehow protect their investments.[24]
The China Stock Frauds in the United States bear striking similarities with the Chinese corporations scandals in Singapore and the series of bankruptcy failures of P-Chips in Hong Kong.[citation needed]
I am glad you use the term Awareness. That is exactly what the company is trying to do. They don't even like someone to say the word promotion. Promotion means pump and dump in most cases.
The unique feature to RTGV Awareness efforts is they have issued zero shares to anyone involved in their programs. The company itself has no registered shares to sell. All cash has been used in all their efforts in awareness. As far as I can see cash will be continued to be used no shares issued. Please refer to filings to validate the fact they have no registered shares to sell
I like this part about Audigist
In a world first, independent artists can now sell songs to their fans direct off their Facebook pages, without having to pay a subscription or sign up for fixed charges of any kind. Audigist.com provides each and every artist with a simple cut and paste code that they can paste onto any site they like meaning more shopfronts out in the marketplace.
Facebook has become the de facto destination for independent artists communication with their fans. Before the launch of Audigist.com, bands could list and stream songs easily from Facebook, but sales was a totally different matter. Audigist's Dominic Hawes-Fairley said: " one of the key problems independent artists face is finding a simple, easy and cost-effective way of selling music to their fans. Burning CDs and selling them at live shows is one thing, but I know from experience, that most artists in the independent sector don't sell huge amounts of music at events.
“The cut and paste code we're providing really helps artists get music into the faces of their fans. Now it's possible to have a shop on Facebook, MySpace, a band's own website, a venue website… in fact anywhere where you can host cut-and-paste code.”
Just a note to RTGV shareholders. Most everyone has approached me professionally and certainly with kindness. If someone disrespects me or uses vulgar language for instance I have the right to refuse all communications with them. All in all that has been very rare. Best of luck to all of us I think we all sense good things coming.
Shorting RTGV: Here is some thoughts on the topic since we did get a big short position reported on buyins.With the expected huge announcements in the short term. If all shareholders just place very small orders at the bid even 5K shares. The short has trouble covering. That is of course until they can cover on a Monday after a weekend of huge developments. Which is what I will suggest for the company to do when they are ready.
just a thought.
No doubt BuckeyeMike RTGV would not attract a partner like Aderra if they were not top of the line with special technologies. Serious DD goes into a partnership like this in all areas of the company
Aderra would not be ready to land them a billboard artist to endorse them on a ongoing basis if they were not 100% proven legit
Aderra's clients: http://aderra.net/clients.html
Digital Clarity Clients our profitable subsidiary
http://www.digital-clarity.com/clients
Absolutely some of the largest names in penny land surrounding this 0.016 penny
Speaking of credibility and partners. RTGV is about to announce a partnership with a multi-billion dollar NYSE company as well as other partnerships