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Personally, I think most of this selling has been from BF's 18M shares. I suspect the majority of that is gone.
And I'm just saying that we're treating RTGV like it is 25 or 50 cents and so we expect so much more every day. I'm looking at it a different way and we have a lot going for us and have made great progress is just one year. I've said from day one that this was a 3-5 year investment for me. After a year, we've made great progress and I expect the next 12 months will be even better.
I could understand all the grumbling if this were trading at 25 or 50 cents but not at a penny. I understand some have high expectations for RTGV going forward (I'm one) but based on what RTGV currently consists of and with reasonable expectations over the next couple Q's, we are sorely undervalued imho.
It's absurd.
Excellent! I'll be picking up more shares in the meantime.
Maybe our big seller is finally out of shares and that means we could become explosive very soon. We'll see. Won't take much buying if that's the case.
I really could care less. All I care about is they are bringing in nice revenue! A gem that will continue to grow imo!
As a significant shareholder, I do not share the general negative sentiment on the board. That's why I try and only read it once every week or two. I more than impressed by our progress over the past 12 months and I really like how things are coming together over the next few Q's. We're building a company here and it takes time. We already have significant revenue from Digital Clarity and now our other businesses and disruptive technology are just getting started. I suspect we'll all be more than happy in the next 6-12 months.
Caught up on a few posts over the last week or two and boy and generally disagree with most. We need to stop expecting things to happen overnight. They have accomplished a lot in the past 12 months and we're just getting to the point now where the next 12 months will likely be incredible. Instead of watching day by day, I must prefer looking at quarter by quarter. Digital Clarity along is worth multiples of where we're at now and now that our disruptive technology is about ready to deploy, we're in a great spot! I do not share the frustration of some on this board. I'm very content to watch our company grow and I'm personally still adding shares.
Things are going along just fine for RTGV. Looking forward to future developments in the coming months and looking for increasing revenues over the next several quarters. Digital Clarity continues to impress and now we'll be starting to get revenue from the rest of RTGV including our disruptive technology. Very content to watch RTGV grow and add shares when I can.
More excellent developments over the past couple days. Things are starting to heat up over here. DD here will show that RTGV is the real deal!
We'll leave them all behind soon enough! The train is about ready to leave the station...lol! Go RTGV!!!
I think this pretty much covers the deal.
NOTE 6 – SALE OF ADINO DRILLING, LLC
On March 31, 2011, the Company sold the membership shares of Adino Drilling, LLC to a related party. Under the terms of the agreement, the Company realized a reduction in accrued liability of $100,000 and acquired a $500,000 six year, 5.24% interest note receivable, for a total sale price of $600,000. The sale resulted in a gain to the Company of $247,376; however the transaction’s related party note of $500,000 is not allowed for reporting purposes, and therefore the Company realized a reportable loss of $252,624. Adino’s management believes that the sale of the drilling rig and associated equipment was in the best interest of the Company and the shareholders. The rig held by the Company was primarily suited for drilling up to 3,500 feet. However, the Company is currently drilling shallower wells. This large rig would be uneconomical for drilling smaller wells. The Company has decided to contract with service companies that specialize in shallower wells, thus reducing drilling expense. The cash flow to be realized from the $500,000 note, accompanied by the decreased related party compensation of $100,000, is expected to increase Adino’s cash flow.
With the sale of Adino Drilling, LLC, the $7,139 of goodwill resulting from the original PetroGreen acquisition, discussed in Note 5 was written off. The transaction has been accounted for as a discontinued operation.
http://www.sec.gov/Archives/edgar/data/700815/000114420411047208/v230344_10q.htm
Thanks for the DD and have a great weekend BuckeyeMike!
A great read from Dom if you haven't read it yet.
Relationships, relationships, relationships
Leave a Comment Posted by domhawes on August 16, 2011
The strangest things happened after I published my lengthy blog yesterday. On a day when I should have been holding a BIG celebration on account of the amazing news that we released and holding a smaller celebration for record traffic on my blog site, I was instead forced to sit by as professional hair splitters took apart my prose trying to find fault in every phrase.
As a result, I’ve been asked to comment a little more on the nature of the relationships that we’re establishing with other companies, which I am delighted to do. I would like to add that I am always more than pleased to explain the company, its strategy, tactics and how we’re executing them. Truth kills rumors. And, in our case, the truth is exciting enough so there’s no need for rumor, speculation or postulation.
With that in mind, here is a full account of how I view relationships with other companies and how they will benefit our company. However, before I start, I would like to explain that, although the phrase “partnership” has a formal meaning that I shouldn’t really need to define, because it is more often than not used in the vernacular to describe other types of relationships, there is merit in ring-fencing that term for the purposes of RTG’s communication.
An old Turkish proverb goes like this: “No road is long with good company” and a more recent version says: “Good company upon the road is the shortest cut”.
Partnerships
So far, we have one Partnership – with IFS for the development of the Paylogy service. I view Partnerships as relationships defined by a legal agreement, with a special vehicle created to share the risk.
We Partnered with IFS to create Paylogy because they already had a working technology that needed little updating to make it commercially viable. We had a need to integrate a working payment system into our media platform and a desire to keep frictional costs as low as possible through our media models. At that time, a formal Partnership seemed like the best route and the joint venture was born.
I view Partnerships as the route when:
we need to get into a vertical market, lack the requisite track record and/or another company can get us there faster so that we can dominate; or
we need technical expertise in an area outside our core focus and a company exists that has the technology, but not the bandwidth or the desire to market the technology in our area of focus; or
we need to align with other companies to be able to offer a complete solution to each and every customer we approach
If one of the above reasons exists, then a legal framework needs to be defined and, for me, a formal Partnership is the route to go.
Strategic Alliances
So far we have announced two strategic alliances; Aderra and Origin Digital, and there are more in the pipeline. I see this as a strategic relationship defined by a mutual vision that enables the alignment of two businesses to achieve a mutual commercial gain.
Aderra
We partnered with Aderra using a strategic alliance because we both share many of the same beliefs about where the market is now, where it’s going and how companies like ours can shape the future. Our technologies are complementary rather than competitive and can be combined to offer new products to our customer base.
With Aderra, a strategic alliance is the right way to go because there is no need to establish a legal framework for our business together. We can bring business to each other and we can offer each other’s products to our customers. We already offer Aderra as a solution to every customer that we meet because it strengthens our own pitch and also we can’t see any good reason why people wouldn’t take their product.
If, at some stage in the future, both companies decide to join forces to enter a new area of the business, to research new IP or to enter a new market, then a formal partnership may be created to accommodate this, but it wouldn’t necessitate the strategic alliance changing.
Origin Digital
We partnered with Origin Digital using a strategic alliance because we are both operating in the same horizontal market, but RTG has a specific interest in the music vertical market which enables both businesses to align to offer a product through collaboration. Our technologies combine to offer a product that neither could offer on their own and no-one else the in the market can offer.
With Origin Digital, a strategic alliance is the way to go because there is no need to establish a legal framework for our business together. We’ve signed a services agreement that allows us to use their technology integrated into ours and we’re now able to resell each others services too. As our system and capabilities develops, there are very good reasons for us to collaborate on winning major new accounts and we are very closely aligned to them when it comes to the music industry. Furthermore, as we develop tools and technologies that are of benefit to their existing customer base, a framework already exists for those to be resold into their model. The key difference between a license agreement and an alliance is mutuality and a shared vision.
When RTG seeks out alliances, each one is sought to achieve a specific goal, to access a specific market or to extend our offering in a specific way. We do not expect all of our partners to be able to work together without us, but if that happens, then that’s fine too. We’re building a partner network to extend capabilities with each partner for each other, not necessarily for the community.
Alliances
So far, we’ve not announced any alliances, but there are some in the pipeline. I see alliances as a business development tool, where two companies might not share a strategic vision, but where there are overlapping customer bases and no direct competition between them. Alliances are useful for both companies to introduce existing customer bases to each other to add value to existing customers and acquire new business at low cost.
An alliance is a more ad hoc arrangement that is about cross promotion rather than close co-operation.
Licenses
Licensing solutions, or integrating feeds from other companies allows RTG to build fast but confers no other benefit than is implicitly outlined in the license agreement. This in no way implies a relationship other than buy/sell and I have not and will not ever imply such. I have included this paragraph only because I have been specifically charged with trying to make a license look like an alliance. It is not, it will never be. That’s final.
A good example of licensing is where we source data feeds in to CloudChannel. When a new artist signs up with CloudChannel, our system automatically checks their band name against three separate data sources and populates many of the fields that they would have to fill in manually. This allows customers to sign up very quickly and also allows us the parse the nomenclature of artist names that can so often cause multiple entries in the same database (think Robbie Wiliams, Robert Williams, R Williams, Robby Williams etc etc).
Often an alliance may include an element of licensing too, as in the case of Origin Digital, but where additional activities or strategic initiatives exist for the mutual furtherance of business, the licensing process is a building block towards the license, not the end goal.
How it all fits together
In 2010, we announced that we’d be building the CloudSphere Partner Network. Much has changed since then, but the vision remains exactly the same. The point of the network is to extend our capabilities so that we can build faster, win more, do more, earn more and outcompete.
In order to illustrate how it all fits together, let me give an example. Please note that this is hypothetical and intended as an illustration, not a rumor.
ABC Production Co has been engaged to film Fictionstock Festival and wants to exploit their footage online. The festival has several headline sponsors who also want to be able to use selected footage on their websites and generate branded merchandise opportunities. In order to do this the brief includes:
Live stream from the main stage with a pay-per-view event for the headline act
Make video-on-demand available for all main stage acts
Create an interactive merchandising opportunity for the title sponsor around the headline act
Make video-on-demand available for all other stages utilizing user generated content
Preparation
Event team is assembled including: CloudChannel, Digital Clarity, Aderra and Origin Digital
CloudChannel team works with the production company, the acts and the sponsors to establish how the rights framework will be modeled for major acts.
Client account created in CloudChannel and all contacts, administrators etc are given access to the system
Event created, then team models the rights agreements, creates the Web TV channels and sets syndication rules (if any)
Digital Clarity briefed on the pay-per-view events and designs marketing strategy to attract fans to the digital event
Aderra briefed on the merchandising opportunity
Origin Digital briefed on any outside broadcasting requirements for the live feed
Events created for VOD content from all other stages and rights agreements modeled in CloudChannel
Solution
Using its full range of integrated marketing tools, Digital Clarity has been promoting the pay-per-view event for eight weeks prior to the festival. The event is going to be streamed to the festival site and to the headline sponsor sites too, using the CloudChannel player which manages all payment and ticketing issues.
The festival has also created a channel dedicated to each of the stages at the event and these are being added to CloudChannel throughout the event and monetized using and ad supported model.
In order to give the main sponsor a branded merchandising opportunity, Aderra has designed and created funky USB keys which will give 15,000 event goers a take home recording of the headline band’s gig. Built into the key is a video channel, which will release updated content long after the event has finished. This video is streamed using CloudChannel’s system.
Each of the artists also creates a CloudChannel for their festival gig and take an HD feed to their website which they decide to charge for. They create another CloudChannel for fan films using their Facebook fan page encourage their fans to upload any footage they’ve filmed.
Origin Digital has provided outside broadcast vans to provide a satellite uplink for the live feed and their broadcast centre in London manages the live edit.
After the event, the sponsors each release unique material to their websites keeping their user engagement live for up to 12 weeks after the event.
All content uploaded into the system is then made available for syndication to other channels which offers monetization opportunities long into the future.
The point about the partner network is that the new business lead can come in through any one of our partners and could lead to the deployment of some or all of us. Together we offer a unique proposition.
I hope this helps to explain how I see relationships playing an important part in our future. Any of these companies can be described by me as a partner without implying a formal partnership. They are all allies and we collaborate with them all. For those that want to analyze phrases in isolation, hoping to find deeper meaning, evidence of obfuscation or anything else slightly paranoid, please don’t bother. This is a blog, not a formal communication channel for the company. It’s my musings on what we’re doing and I write to offer deeper understanding not propaganda, sleight or spin.
Ultimately, those in the know really like what we’re doing and we’re making the appropriate relationships with companies we value to deliver for our shareholders. I understand that investors want a good return, after all, I am one myself. That’s my focus and strategic relationships with Origin Digital, Aderra and the like are good, really good for us all.
http://domhawes.com/2011/08/16/relationships-relationships-relationships/
I'm not sure the business model as it currently is will ever produce enough shareholder value.
The only thing I've got spammed with is Chartpoppers "hot" picks. On a regular basis but not too annoying.
The latest Q looks hopeful for a significant increase in revenue and hopefully this will diminish the needs for these continued promissory notes that keep getting converted to shares. The last one apparently did get paid off at all because it adds up to exactly $57,500 which was turned into over 2M shares.
On August 11, 2010, the Company issued a convertible promissory note to Asher Enterprises, Inc. (“Asher”), in the amount of $57,500. The note had a maturity date of May 13, 2011 and an annual interest rate of eight percent (8%) per annum. The holders have the right from and after the date of issuance, and until any time until the note is fully paid, to convert any outstanding and unpaid principal portion of the note, and accrued interest, into fully paid and non-assessable shares of common stock. The note has an initial conversion price of fifty eight percent (58%) of the 3 lowest closing bid prices for the 10 days preceding the conversion date and full reset provision. The note’s convertible feature was valued and resulted in a debt discount of $35,838, which is being amortized over the nine month note life, using the straight line method. In this case, using the straight line method approximates the effective interest method, given the short time to maturity. The Company has the right to redeem the note within 90 days from the date of issuance for 150% of the redemption amount and accrued interest. See Note 16 for a complete discussion of the derivative treatment and accounting of the Asher note.
During the first quarter, 2011, Asher converted $34,000 of the notes into the Company’s common stock, resulting in an issuance of 1,862,833 shares to Asher. During the second quarter of 2011, Asher converted the remaining balance of $23,500 into the Company’s common stock, resulting in an issuance of 2,036,820 shares to Asher. See Note 16 for a detailed description of each conversion.
On February 22, 2011, Asher converted $10,000 of its note into 465,116 shares of the Company’s common stock. The conversion resulted in an increase of additional paid-in-capital of $6,648 due to the reduction of the associated derivative liability.
On March 8, 2011, Asher converted $12,000 of its note into 603,015 shares of the Company’s common stock. The conversion resulted in an increase of additional paid-in-capital of $7,959 due to the reduction of the associated derivative liability.
On March 22, 2011, Asher converted $12,000 of its note into 794,702 shares of the Company’s common stock. The conversion resulted in an increase of additional paid-in-capital of $7,987 due to the reduction of the associated derivative liability.
On April 4, 2011, Asher converted $15,000 of its note into 1,219,512 shares of the Company’s common stock. The conversion resulted in an increase of additional paid-in-capital of $10,183 due to the reduction of the associated derivative liability.
On April 12, 2011, Asher converted $8,500 of its note into 817,308 shares of the Company’s common stock. The conversion resulted in an increase of additional paid-in-capital of $5,767 due to the reduction of the associated derivative liability.
2 New promissory notes:
During the second quarter of 2011, the Company issued two nine-month convertible promissory notes to Asher Enterprises, Inc., in the amount of $53,000 each. The notes have maturity dates of February 16, 2012 and March 23, 2012 and an annual interest rate of eight percent (8%) per annum. The holders have the right from and after the date of issuance, and until any time until the note is fully paid, to convert any outstanding and unpaid principal portion of the note, and accrued interest, into fully paid and non-assessable shares of common stock. The note has an initial conversion price of sixty five percent (65%) of the three lowest closing bid prices for the ten days preceding the conversion date. The note’s convertible feature was valued and resulted in a debt discount of $47,916, which is being amortized over the nine month note life, using the straight line method. In this case, using the straight line method approximates the effective interest method, given the short time to maturity. The Company has the right to redeem the note within 90 days from the date of issuance for 135% of the redemption amount and accrued interest, from days 91-120, the Company has the right to redeem the notes for 145% of the redemption amount and accrued interest, and from days 121-180, the Company has the right to redeem the notes for 150% of the redemption amount and accrued interest. See Note 16 for a complete discussion of the derivative treatment and accounting of the Asher note.
http://sec.gov/Archives/edgar/data/700815/000114420411047208/v230344_10q.htm
Not that I'm aware of. There really isn't anything new on it though. Just a summary of what was already in the PR and shareholders letter. They really did give Dom much time to really delve into anything.
At least we had another positive Q. Now if they could just figure out how to turn a little better (and consistent) net profit.
A pretty solid day today! I'm also enjoying the quieter board with solid DD. The other stuff was getting old...
You might do well by spending a few days doing some serious DD on RTGV. I think you'll like what you see. Not your typical penny play here imo. Revenue producing, acquisitions, disruptive technology, impressive "parternships" including the recent NYSE multi-billion dollar company. You probably couldn't be coming in at a better time. If you're serious about doing DD, there are plenty here who will help. Enjoy...
I don't think we have to worry...lol!
I'm more interested in getting our story out to a few more investors. We're getting real close to a major breakout into blue sky! Pretty exciting to be where we're at!!!
I second that!
Excellent post Threeflight!
But I think we're getting much closer to a huge breakout. The news just keeps getting better and better.
Incredible news today! Things are heating up on the RTGV front as expected!!
Origin Digital has an amazing client list. Awesome!
honestly man, you make no sense! Sorry...
It's just the number of authorized shares that could be issued. The current issued shares are 175M. Maybe they have a deal cooking with Apple or Amazon and they'll need to ante up 100M or 200M shares. With all they have cooking and their recent pr, it's pretty exciting to be in RTGV at the ground floor. I'm liking it a lot right now! Enjoy...bliz
And anyone who has followed this stock over the past year or two has seen that they have managed the share structure well and all the principals have amazingly held most if not all their shares. Just another plus as we continue to grow and now begin to roll-out our disruptive technology and increase our partnerships.
I know we have a lot of new faces around here and I hope everyone does some solid DD on their own to learn about Reggie and Digital Clarity, our partnership with Aderra and the beginnings of our disruptive technologies being unveiled. There are a lot of pieces to RTGV that have some nice potential moving forward. We all know we're in penny land but that's also why we're here...because of the potential. If I wanted a 100 percent safe investment (is there such a thing anymore), I'd invest in mutual funds. Oh wait, that's where most of my money is...lol! Now let's have some fun here!!!
And that's why I'm here. Some of these recent developments are VERY interesting! And I still like having Digital Clarity and Reggie James as part of RTGV with their client list.
And I read that same generic statement in most penny stocks. It's standard verbage. They've done really well with managing their shares and even paying off some recent loans.
Of course, I read filings. You don't have to get snippity!
Thankfully they have nice revenue coming in already and the principals have also supported their own company. I'm really excited where we're at and the next several Q's should get better and better!
It sounds like this longer term awareness program is pretty solid. I really could care less. I honestly prefer to just let the company grow and let the Q's speak for themselves because to many scammers show up to see what's going on. RTGV has been putting the pieces together quite nicely imo and preparing to launch on many facets.
Things are looking better and better here!
I really liked the recent PR and the recent additions to the Digital Clarity client list.
How many start-up penny stocks have significant revenue, a developing partnership with Aderra Technologies and a pending new partnership with a big NYSE company. Lots of little pieces to our company that are potentially coming together to produce a monster moving forward.
As a long term shareholder, I've been impressed with the progress and I like our chances moving forward.
I've heard no one on here give me any information why I shouldn't keep adding shares.
A few more high volume days like this over the next couple weeks and we should see a nice move. You can feel it building!
Still holding all my shares and not even thinking about selling any for quite a while. I'm not invested in pennies for a small percentage gainer. That's what your 401K is for. I'm in this for the huge multi-bagger. Hopefully 25-50 (or more) over the next 12-24 months. I'm actually dead even right now...lol!
Still hanging out with all my shares hoping for better communication and a better idea of our future direction.
I suggest to all those who keep selling at every pop (and those trying to sell at .017 again today), try resisting from selling for the next 30 days. Imagine what our price would be if we didn't have to keep breaking through all the sellers! C'mon give it a try.
That says a lot! But then I'm not going to be selling shares either...lol! No one will be getting my shares until we are MUCH higher.
The flow of information is beginning to increase. The potential is huge here and I'm looking forward to who our new partners are and what surprises the RTGV/Aderra partnership will bring!