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That so called PR is but a joke, a bag of hot air. Almost looks like Rote Copying from an economics college class book, except for the names, dates ect.
make a blanket staement that nothing is going to happen
pennyplayer777;
Well obviously you only know what is public and not private. You have no clue what they have done so ypur analysis is off by a mile. But to each there own.
If the case goes to criminal court
3F; LOL
Best thing this company could do is to abandon all company operations
3F; The only time they seem to get on the PR wagon is when they need Cash and have to Dump some new shares BECAUSE DUMPING NEW SHARES IS THEIR ONLY SOURCE OF REVENUE! Unlike a Real Business with a Real Product or Service that brings in revenue from the Business instead of from shareholders trading & savings accounts.
Quote; john12341-
i think we have a real good chance of this doing well if the share holders dont dilute this back down.
How do you know if the Reverse Split was performed on the Authorized shares or not?? We know it was performed on the Issued Outstanding Common shares, but I guarantee you it did not affect the Preferred shares, and prob DID NOT affect the Authorized either IMO.
Don't just ASSUME that the Authorized shares were part of the R/S, most Pink Penny stocks that only have shares available to pay the bills (No Revenue) and resort to doing R/S's for Obvious reasons, Rarely Reverse split the A/S as well. They only R/S the Common O/S shares but I bet the A/S is still at 1 BIL.
Feel better?
the company will have lots of time on their hands to get together some really, really neat stuff that will jazz everybody. Linda's doing her thing
My post said "Among others" that have been warning people, I just noted his post for calling the R/S just a few days before it hit us.
locksmith123;
The stock is weak and no one is interested in buying shares "cheap" or otherwise.....RS just around the corner....jmho
In response to the claims of this guy called; ID Supermoney & his Short Selling theories. They are NOT SHORTING now they shorted before R/S!!
MM's will be COVERING!!! NOW!!!
Ya know it's obvious you don't know very much at all about trading PERIOD. I would like to see if you know what the maintenance margin requirements are for short selling stocks under $5.00?? Do you even know?
This is precisely why Hedge Funds and other Very Rich types are the only ones who can short sell Penny stocks,(Usually the Fund that Loaned the Company Cash in exchange for Convertible Debentures). But Hedge Funds short sell Penny stocks in hopes that the Company goes Bankrupt so that they never have to cover, but even when the Company does not go Bankrupt and they have to cover eventually, they still have to meet the Maintenance Requirements, and that means that;
Hedge Funds or ANYONE DESIRING TO SHORT SELL A Penny stock "MUST PUT UP $2.50 (IN ESCROW/MARGIN) PER SHARE THEY SHORT"!
So in order to SHORT SELL RTGV 10 MILLION SHARES @ .001 THEY MUST HAVE $25 MILLION DOLLARS IN MARGIN, AS WELL AS THE $10 GRAND TO BORROW 10MIL SHARES. NOW IS THERE ANYONE ON THIS BOARD WHO HAS $25 MILLION BUX TO SPARE? JUST TO SHORT SELL RTGV A MERE 10MIL SHARES? Whats 10MIL shares when the O/S was 750MIL anyways? It would take much more than 10MIL shares to make the kind of difference we have seen in the falling PPS. Furthermore, they could BUY a Shell Stock Outright for $3-500Grand!
Just for kicks, Let's say a Hedge Fund Short Sold RTGV 100MIL Shares, that means said Hedge Fund "PUT UP $250 MILLION DOLLARS IN ESCROW/MARGIN" In order to Short Sell RTGV 100MIL Shares, say they started last Spring at .002/.003 on down to .001 and their average short sales are .0017 and say they covered 50MIL so far under .001 or so, let's say their average cover price was .0007 and they turned a profit on the 50MIL shares of .001 per share, so thats $50 GRAND in Profit.
ANYONE WHO HAS $250 MILLION DOLLARS TO PUT UP TO SHORT SELL PENNY STOCKS IS NOT THAT STUPID TO RISK THAT MUCH MONEY TO MAKE A MERE $50 GRAND ON A WORTHLESS SHELL STOCK LIKE RTGV WHEN THEY COULD BUY HUNDREDS OF SHELL STOCKS OUTRIGHT FOR THAT MUCH MONEY!!!
Do you see how RIDICULOUS Your Claims are?
The type of shorting that Market Makers do is totally different, what they do is done on a daily basis in order to keep AN ORDERLY MARKET & LIQUIDITY, NOT TO TRY AND TURN A LONG-TERM PROFIT!
WOW! That's .0003 PRE-SPLIT AMAZING! LOL, JOKE.
Ok could you please explain how a company with no assets besides their stock, deep in debt, and basically no business could pay for a merger of that type? What? Are they going to put it on their Visa?
People like you have been making excuses for this company for years. And look where its got them? Down 99.9999999% in value during that time.
So please.
Well in the majority of pink cases any r/s of any kind is a disaster
to common shareholders. The only thing which could make this one
different is if they r/s the A/S also, if they did then we might still have
a chance to recover.
Again, If A/S remains at 1 bill then all SHs are officially screwed for good...
I'll bet my 3MIL shares they DID NOT R/S The Authorized! Only the Outstanding Issued Common shares have been Reverse Split, the A/S & Preferred STAY THE SAME GUARANTEED!
Pre-split that would be .00035 Just to put things into perspective, so when some of you guys start getting all "EXCITED" at the price increase if it does go up?
PRE-SPLIT;
.0009 = .09
.001 = .10
.0021 (MY CURRENT AVERAGE) = .21
LAST SPRINGS PRE-SPLIT HIGH OF .0046 = .46
Just so you guys who get all excited if this goes up to .09-.10 all that is doing is matching the current high we had last month!!!
This is what they try and do to fool people with reverse splits, Lower O/S, Higher PPS, and it will look like higher % swings for a while until dilution takes away the volatility, but IN REALITY, FOR THE LONGS WHO BOUGHT IN PRE-SPLIT, ANYONE WITH AVERAGES ABOVE .001 ARE GOING TO NEED .10 AND UPWARD JUST TO BREAK EVEN!
I NEED .21 JUST TO BREAK EVEN! MY $6,300.00 3MIL @ .0021 IS ONLY WORTH $900 AT .0003 OR
POST SPLIT; 30K SHARES @ .03 = $900
That's "EXACTLY MY POINT"! The O/S of ONLY "ISSUED" COMMON Shares "NOT PREFERRED SHARES" IS THE ONLY REVERSE SPLIT THAT MOST LIKELY OCCURRED.
The Authorized Number of Common Shares that they can issue will most likely REMAIN AT 1 BILLION, Meaning they can DO WHAT THEY JUST DID OVER THE PAST COUPLE YEARS ALL OVER AGAIN!
"LATHER, RINSE, REPEAT"!
From my experience a Reverse Split of the Outstanding number of shares "DOES NOT" Always Apply to the Authorized Number of shares, UNLESS The Articles of incorporation and the Language of the SEC Filings specifically SAY SO.
To put it in more PERSPECTIVE;
I have seen Pink Sheet companies do a Reverse Split of the Outstanding Number of "ISSUED COMMON SHARES" BUT LEAVE THE AUTHORIZED NUMBER OF SHARES THE SAME AS THEY WERE!
IT IS IN THE RIGHTS OF THE COMPANY TO DO THIS IF THEY CHOOSE TO, AND CURRENTLY WE (The Public Shareholders) DO NOT KNOW Whether the Board of Directors Kept the Authorized Shares the same or if they Reversed the Authorized Number of shares as well?
The BOD Could have very easily left the Authorized Number of shares the same as they were and only Reversed the Issued Outstanding shares, meaning the current O/S of 7.5Mil MIGHT BE THE ONLY REVERSE SPLIT THAT WAS PERFORMED, THE AUTHORIZED Number could "STILL BE 1 BILLION"!!!
I Have Seen this EXACT SCENARIO Happen Many Times Before. So for those of you who think that the MAX Shares they can issue is 10MIL, YOU BETTER THINK AGAIN!!! THE DILUTION MACHINE COULD JUST BE GETTING WARMED UP, ESPECIALLY If They Get ANOTHER ROUND Of CONVERTIBLE DEBENTURES From Someone?
In my opinion, seeing how this company has screwed it's shareholders I am of the opinion that they most certainly left the Authorized at 1 BILLION and only performed the R/S on the outstanding number of common shares.
Neil is prob gonna cash in his shares now that the strike price of .016 has been reached, you know he's gonna do it before the next massive wave of new shares are dumped.
You have to keep in mind that these pinky penny stocks are automated, if you have the idea that there are actually people (MM's), sitting at a desk somewhere working the shares of RTGV you are sadly mistaken, they would not waste their manpower on piddly penny stocks, it's all automated nowadays. Your dealing with a Supercomputer on the other end, putting your buys & sells through 99% of the time.
NITE is showing 15,643 @ .50 which would be .005 pre-split, and since a R/S does not affect preferred shares, my best guess would be someone from the company who has preferred shares may have these out there for sale already?
CAN YOU SAY DILUTION???
I've heard there's a class-action in the works, but I don't know the who, what, when, ect. yet? I'm sure someone will be posting the info, Linda's not going to get away with this that's for sure!
CAN YOU SAY, CLASS-ACTION LAWSUIT?
Are you working for the company? Legitimate question here, are you getting paid to post this kind of stuff?
Management does want to change!!
Yes we have preferreds!!
But to dump at $0.03 or less a share is illogical!!
ID Supermoney; Have you even thought about what you just posted? $1.00? Where do you base this from? A calculator?
Pre-split; $1.00 would be .01 and for the past 18 months since the dilution began the highest RTGV was able to hit was .0046 and that was with tons of buying going on, this never even got close to .01 and now you think just out of the blue this is going to climb from .0003 to .01 Pre-split, .03 to $1.00 after split???
BASED ON WHAT???
IF YOU HAVE 100 PENNIES AND GO TO THE BANK AND CASH THEM IN FOR A $1 BILL, YOU STILL HAVE 100 PENNIES!!!
BUT IN THIS CASE MANAGEMENT IS TAKING OUR $1 BILL AND GIVING US "1 PENNY, .01"!!!
WHILE THEY CONTINUE TO CONVERT PREFERRED SHARES AT THE SAME RATE!!!
I have to agree with stock barbers assessment here, I've seen hundreds of pink sheet r/s's and 99% of the time it's the same thing,
DILUTE, REVERSE SPLIT, NAME CHANGE; "LATHER, RINSE, REPEAT"!
The Current batch of shareholders get screwed and tattooed and just eventually GO AWAY, and a new batch slowly moves in without knowing what happened before because all the old longs are "LONG GONE"!
6-12 month's from now most of the long's that are about to get screwed here (myself included) will be gone and moved on to something else, and New Long's will begin to trickle in on the companies newest batch of BS PR's they cook up to try and lure people to invest their savings in here, and the whole thing starts over again.
And PREFERRED SHARES ARE "UNAFFECTED" BY THE R/S, So Linda & Company can convert just like they used to but at 1000% higher prices now!
Yeah A LOT OF NEW SHARES GOING ON!
After the 1/100 R/S I'm gonna need .21 just to break even! Yeah good luck with that EVER HAPPENING!
NOT!
And the O/S & Float were what back then?? Compared to todays share stats?? Makes a HUGE DIFFERENCE! .13 WAS DOABLE THEN NOT SO EASY AT ALL NOW.
It's gonna take approx $12Gs to take the 9's out.
I think RTG would be better served if it was bought out as a shell stock and a much better company reverse-merged into it, that is if they would do this without doing a Reverse split and screwing over the current shareholders who are still holding with hope of recovering their "ASS-ets"?
What if nobody posted at all on this thread? Then the CEO "Would have Absolutely NOTHING To Do With Her Time" during her extremely Difficult & Stressful workweek! LOL.
With no posts to read maybe she would start paying attention to the "SHAREPRICE"???
I think that this is a very important point that is brought up in this post I am replying to.
The fact that a Lawsuit
(even a suit started by shareholders "WITHOUT" an Attorney/s, Yes that is possible)
Would force the BOD's to disclose to the Plaintiff all their little secret dealings, for instance; Any mismanagement of issuance of shares by the CEO & BOD's, RE; "Using company stock as their Personal ATM Machine"! Among other things that would seriously jeopardize their chance of successfully defending a lawsuit from the shareholders who have been pilfered of their equity in this company.
I'll tell you this much, judging by the way this CEO operates, she would begin trying to settle something like this with shareholders ASAP, this board of directors do not want shareholders knowing just how bad we have had the wool pulled over our eyes! Just my opinion.
In Reply to;
Recognize that during a lawsuit, "discovery" would lay everything the company and insiders have been up to on the table. Do they really want that?
Not saying I endorse a lawsuit, but if one is planned, you have to do it before the doors close...
Posting my opinion of the CEO of a Public company, one that I am a shareholder of as well, is NOT posting a personal attack. In my opinion, this CEO is not Competent enough to run a publicly traded company, the reason for my opinion is NOT unreasonable either. This CEO is trying to blame Posters on a Trading forum for the massive decline in the share price, rather than focusing on the real issues for share price decline, which are lack of/NO Revenue, Massive Dilution/Convertible Debt, No Intrinsic Value to show, ect ect. This is a fact based opinion, but it is still my opinion of the CEO, Not a personal attack.
Splash59; Well what if what some of the Long Long's here are posting about the company are right? What if they indeed have "NO REAL REVENUE PRODUCING BUSINESS" going on at all? And I mean "Right Now AND in the Future"? If they have NO Revenue coming in Whatsoever, whos going to pay the Bill's? Who's going to keep the light's on, the phones on, pay for their Lavish Dinner's & Bar Hopping night's out, Pay for SEC Filing's, Audit's, ect ect ect? With NO Revenue whatsoever, how is anything going to get paid for? It seems to me that for the past few years they have been just cruising along on the shareholders dime. They come up with a few good sounding Business plans, and then never follow through on anything, all the while they slowly but surely keep diluting with new shares to pay the bills. So what happens when that well runs dry? We are almost at worthlessness right now for Gods sake! Do we have to get to 0001 before we find out they have nothing of any value or anything that will produce Revenue? If they do, then why in the world don't they SHOW US??? Instead of this downward Death Spiral that keeps going and going and going?
The subject of a public company even thinking about doing something like this is Ludicrous! First of all, Ihub is a Public Forum where "ALL OPINIONS ARE WELCOME" whether they support the company in question or not. People who are not even shareholders can voice their opinions here as well. Ihub is not the ONLY Trading Forum where RTGV is discussed either, there are many, and for this CEO to single out one Trading Forum and attempt to use it in a PR as a reason for the waning share price, IN MY OPINION, shows just how Elementary this Woman is in the field of Publicly Traded companies. If this CEO had any REAL Business sense about her, she would be focusing her attention on the things that are Important, the REAL things that bring "Shareholder Value", the things that bring Revenue into the company.
The fact that this CEO is focusing on a Stock Trading Message board, tells me alot. She must not have much to do with her time Professionally (I don't mean her private time) I'm talking about work as a CEO, that normally would consume a person's daily time if they Indeed had an actual PRODUCTIVE Business going on, with actual Money Making operations in motion and actually producing a product or service that was bringing Revenue in.
The fact that this CEO has enough time on her hands to single out and focus on a Stock Trading Message board, and attempt to use it as a reason for the massive losses, leads me to believe that the Long Long's here, are right on about her.
She must not have much of any actual Real Revenue Producing Business to attend to?
The things that have been posted about the BOD's living an extravagant lifestyle off the company stock, using it as their personal ATM, when in fact they most likely don't have any REAL Business going on at all, is probably more true than anyone really wants to admit?
From what I have been able to gather, from reading posts from some of the Long Long's (those that have been in this for the last couple years or more), and responses from Linda Perry to shareholders emails that they have posted, and now this latest PR, this CEO does not want "Real Investors" in the traditional sense of the word.
This Woman seems to want;
"Dumb People with Lot's of CASH"!
Who will just Invest their Hard Earned Savings, at "WHATEVER THE SHARE PRICE IS" at the time, and who will NOT Be Concerned with what the Share Price falls to while the company dilutes their equity. People who will just Blindly Invest and not ask any of the Tough Questions that REAL INVESTORS Normally ask.
I mean lets get real here, if any, and I Mean ANY! Money Managers of any type of Fund out there in the Trading world, were Invested in any Large-Cap Stock, on the DOW, NASDAQ, S&P, or whatever Real Reporting Company trading over $5.00 a share. If that Company were to Underperform even a measly 5% and the stock was going to drop 5-10 Points, Any Money Manager with any Good Sense at all would "Bail Immediately" and Probably Short the company as well! And here at RTGV we are looking at some Long-Term Investors that have lost 90% and this CEO is "Complaining about them"??? Trying to make it look like it is their fault? For a CEO of a Public company to respond to Losses of Equity like this, is pure and simple INCOMPETENCE IN ACTION! LOL
Ya know it's really sad if they decide to stoop to that level of doing a R/S on this stock, because in reality, in the Penny/Sub-Penny markets, 700MIL O/S is really not that big. Nowhere near big enough to perform a R/S. They would have to be very desperate & broke to have to resort to a R/S with only a 700MIL O/S. I've played Penny stocks that had 2-3 even 5 times the number of outstanding shares that RTGV has, and have seen those stocks run into the Pennies from the subs. It's amazing to me that this stock with only a 700MIL O/S is even down this low? The company must really be flat broke and not have anything of any intrinsic value from what the PPS is showing? I mean dam, 700MIL X .0006 is a market-cap of only $420K? That's ridiculous! It's trading at the price of a shell stock for God's sake! Anyone with serious cash could buy this company cheap right now and kick the whole BOD's out on their @zze$.