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I believe everything I read on IHUB.
I mean, I believe the people posting on this board day in and day out that all is lost and RVUE will soon go to zero actually own RVUE shares and they are just pissed off that RR is about to screw them.
So if I believe that why wouldn't I believe people at Goldman Sachs are buying millions of shares of RVUE ;)
Wow, that is pretty interesting that someone from Goldman Sachs would put $25-$30k of his personal capital into RVUE.
Those guys are like the masters of the universe. They basically run the U.S. government regardless of the political party in charge....just look at where the last 5 or so treasury secretaries came from.
My guess is if you have guys from Goldman buying with their personal funds then they probably know RR intends to reverse merge Roche Enterprises into the RVUE shell once the foreclosure is completed......here comes $12!!!!
Was he buying for his personal account or with firm capital?
RR will be paying massive cap gains once he RMs Roche Enyerprises into the RVUE shell ;)
Uhhhh, if he takes assets worth the amount of the debt there is no tax write-off.
There are two other things to consider here when weighing the likelihood of RR trying to screw shareholders.
1)RR is also CEO of NYSE: ATV. If he screws us over he runs the real risk the SEC gets involved, and, if found guilty of defrauding investors, could potentially be banned from any involvement in a public company whatsoever....including ATV. Not worth the risk.
2) RR & Mark Pacchini are personal friends. I believe RR was the person who installed Pacchini as the CEO. If RR tried to wipe our shareholders I suspect lawsuits would be filed against RR but also against Pacchini....possibly for conspiracy to defraud RVUE investors. Not worth the risk.
All that said, I am confident RR's intent by forcing the foreclosure is to gain undisputed control of the shell (which is an asset of RVUE....the only asset that matters really) and reverse some or all of Roche Enterprises into it.
And the shareholder class action lawsuits pile up faster than I typed this post.
Roche knows that and as the guy is worth between $500-$1B does any logical person really think he would risk his reputation or his freedom by screwing RVUE shareholders over ~$500k.
The guy could write that $500k off against his ATV gain of tens of millions $$$$$ earlier this year if it was about the money.
Cmon MAAAAAAAAAAAAAAAAN!!!
Thank you for dispensing some objective logic into an otherwise manic day on this board ;)
Not when you are trying to force a default ;)
The fact that you are looking for additional reasons than the one I already cited tells me you obviously don't.
Here's another, take a look at the shareholder requirements to go public and you'll understand why.
Private company valuations average in the 6-8x multiple.
Public company valuations average in the 15-20x.
The increase in valuation from private to public more than makes up for the 10% of his companies RR would be giving up by rolling into RVUE.....not to mention the increased liquidity.
The people buying below .012 were likely the MMs who were shorting for months in anticipation of this event.....hence, they closed out their shorts today and those shares won't be hitting the market as you claim.
Gonna be an interesting few months ahead as RR rolls operating companies into RVUE ;)
Funny companies that can't generate enough sales/profits to pay their bills or raise financing typically aren't worth millions.
Further, the shell is an asset of RVUE so nowhere does it state he won't take the shell.....fact is he already owns the shell through his common shares.
Uhhhhh, the guy has almost 300M shares.
RR will take care of us in the long run....no worries here ;)
Feel free to interpret the PR however you'd like.
If I felt the way you say you do I would probably just sell out and move on but that's just me.
This isn't RR's first rodeo. He knows how to get what he wants and used the debt to get it.
WE knew what his intentions were so now that it is playing out why are some panicking?
I believe these events are still in line with his plan to roll Roche Enterprises into RVUE sometime in the near future.
That is exactly how I read those statements in the PR as well Chuck.
http://www.marketwired.com/press-release/rvue-inc-announces-default-on-secured-loans-and-likely-sale-otc-pink-rvue-2215473.htm
From the PR today and RVUE's current CEO....."And we've explored various new business strategies and sought other reasonable methods of financing, but we recognize the company can no longer continue to operate under its current revenue stream and in its current form."
Sounds like it is time for a new revenue stream and different business model, lol!!!
This PR is in line with our RM theory and price projection in the $$$$$.
Now that CDEL and others are close to covering their shorts we will have a nice, orderly move up going forward.
Or a violent move higher once RR announces the Roche Enterprises RM into RVUE.
Further, peeps are panicking that he will foreclose on RVUE's assets, lol......he can have them as there ain't much there anyway...especially if that paves the way for him to roll Roche Enterprises into the RVUE shell.
Ooooooooh, that is how this RM thing happens ;)
Exactly Cheds....if he truly intended to foreclose he never would have converted the notes into common shares.
This tells me the RMs are coming very soon, IMO.
Yeah, you should probably just hit the bid and move on to the next promoted, diluted pig.....RVUE is too clean a play for most retail in pennyland.
Good thing retail people aren't driving the RVUE train then.
But you know that ;)
Pretty comical how the ask keeps dropping despite getting slapped...and now the MMs are trying to scare peeps into selling with that 714k ask stack.
Cover your shorts clowns so we can get onto the .05-.10 which we all know is the next stop for RVUE ;)
Welcome to the OTC ;)
The good thing is that based on how tight the float is that when RVUE takes off it will likely dwarf any run any of us have ever been in on the OTCBB.
Hilarious PR put out by ESSI...who is going to deposit $300M into a bank that doesn't exist (just Google it)?
I guess Gannon needed to sell some more shares......probably needs the cash for the EVT! lawsuits that will start piling up soon ;)
Smart move. I'm loaded ;)
Anybody else notice that despite today's "selling" the accumulation, CMF and ChiOsc were all up today on the daily chart ;)
Seems the chart tells a different story than L2.
Accumulation continues to increase....just a matter of time before the lid blows off RVUE and it runs like s scolded puppy ;)
ESSI shareholders get a 13G revealing Gannon Giguere to be a major shareholder......and immediately after the dumpage begins and the share price gets cut in half.
Coincidence....I think not, SMH.
Get out while you still can....just ask EVT! shareholders what Giguere's involvement can do for your stock price.
Verrrry quiet around RVUE lately......could be the calm before the storm.
Not sure I have ever seen a stock under this much accumulation without the lid getting blown off the top......it is coming courtesy of Mr. Jerry Roche, lol!!!
Amazing how the accumulation on the RVUE daily chart continues to increase but MMs such as WABR & CDEL continue to try to block a breakout in share price.
Tells me some heavy hitter wants the share price in a certain range...the question is who is that heavy hitter and why?
My guess is RR ;)
I guess the Gannon Giguere et al from Separation Degrees One have begun selling the millions of shares they were given for EVT!'s tech.....look out below!!!
At some point CDEL will realize no one is willing to sell into his laughable bids.
Thanks for the chart XzX....hopefully just a little more consolidation and then we attack the .06 range ;)
Bollies tight on the daily again.....BIG move coming sometime this week.....my guess is to the upside ;)
Looks like CDEL needs to add some inventory before he lets RVUE make the next leg up.
Accumulate peeps!!!