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Welcome new poster to the RVPL Board!
If you really are interested in updates email IR or read today's PR.
http://tinyurl.com/RVPL-press-update-07222013
10 Day suspension in perspective.
Regardless of the suspension or not RVPlus continues ahead on the ECCO2 business as laid out. Once we see the 10-K that should put all to rest. It is my understanding that all the information a sponsor needs is contained in an Audited 10-K.
Keep in mind people that RVPL is a viable company with a viable business and will continue to operate. We have all waited this long what's a few more weeks to wait for the 10-K?
As a long time poster of this RVPL board I beleive I am going to see attempts to shake out my shares here. NOBODY is going to get mine for under $1
Remember, RVPL has an average trading volume of less than 10,000 shares a day.
Shareholders must interpret that any project with government, whether it be local, federal, or international, is not going to scale up and execute overnight.
ECCO2 Tech manages various tasks associated to the installation of products (e.g.; program development and training) that will accrue revenue for RVPlus from service fees, which make up the majority of the soft costs that you see on the company's balance sheet from the most recent quarterly report. These invoices are currently in the process of being insured and will be factored to generate cash revenue for the Company. This is an ongoing process, whether factoring receivables for goods or services.
REPOST: "Financial risk remaining at a moderate status" listed on latest quarterly report.
OTCMarkets.com indicated that Li and Company, PC had been replaced as auditor for Company on September 24, 2012 by John Kinross-Kennedy CPA, who reviewed Form 10-Q Filing for October 31, 2012.
Also mentioned in latest Quarterly http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8980963
And I quote from their Quarterly Report listed above:
About ECCO2® - RVPL
ECCO2 (acronym for Environmental Control of Carbon Dioxide) is a global interface for universal clean technologies that are sustainable, energy efficient, and reduce carbon-emissions currently having main headquarters in Jersey City, New Jersey. The concept and business was founded in 2007 by Cary Lee Peterson and was later acquired by its parent company, RVPlus, Inc. (Trading Symbol: RVPL) in May 2012. ECCO2 Tech has worked towards building a strong brand and network that the mainstream can use to identify quality green technologies.
ECCO2 Tech Solutions consist of a family of clean-tech solutions that are late stage technology grids that have a proven track record in the marketplace and are currently being used by various commercial and government organizations worldwide. ECCO2 Tech is a middle market provider to clean technology supply chains that are eligible for local, federal, and foreign tax credits, rebates, grants, and financial aid programs offered through parties such as Energy Star, World Bank, and United Nations.
ECCO2 Tech partners with sister company, ECCO2 Corp, a not-for-profit company that is a project developer, an admitted Civil Society member and NGO for United Nations Department of Economic Social Affairs, an observer organization and partner of Center for Climate Change and Environmental Studies, an affiliate partner of World Meteorological Organization, United Nations Development Programme, United Nations Environment Programme, and United Nations Framework Convention on Climate Change in efforts to enable the project goals set within the UNFCCC Cancun Agreement and the Kyoto Protocol.
RVPL Over $1.9 Billion in Contracts
Here are the 3 agreements signed over the last 4 months totaling $1,900,500,000.00. Market cap right now is $10 million. Incredible undervalued. More contracts on their way within the next few weeks. Next Quarter's filings should begin to show tens of millions of dollars in revenue.
Dec 27th - $10.5 million material agreement with the West African Federal Government for the ECCO2 Project.
- 8k for agreement: http://ih.advfn.com/p.php?pid=nmona&article=55609805
Nov 16th - $90 Million Material Definitive Agreement With Haiti Government for ECCO2 Haiti Project
- 8k for agreement: http://ih.advfn.com/p.php?pid=nmona&article=55060793
Aug 21st - $1.8 Billion Material Definitive Agreement With Nigeria Government for 10-Years
- 8k for agreement: http://ih.advfn.com/p.php?pid=nmona&article=53890393
JERSEY CITY, NJ--(Marketwire -08/29/12)- RVPlus, Inc. (RVPL) (RVPL) Chairman-CEO, Cary Lee Peterson, updates shareholders observing the previous month's business activities and progress since the IP acquisition with ECCO2 Corp and DBS Distributors in May of this year. The Company has recently filed a Form 8K report for a definitive material agreement with African government for $1.8 billion to supply and install American made energy efficient and sustainable green products that reduce carbon-emissions and energy consumption in transportation and facilities. This week RVPL will begin participating in a career and job fair tour held by First Lady Michelle Obama's Joining Forces organization and Civilianjobs.com, a subsidiary of Bradley-Morris, Inc., a job recruiting agency for transitioning US Veterans. The Company anticipates the participation will allure the best talent and experience to enable the fulfillment of active ECCO2 projects.
Letter from RVPlus CEO:
Dear Stockholders:
RVPlus, Inc. (RVPL) (RVPL) has made significant progress in the past four months since change in control of Company. There was a Form 10K filed recently for the previous year as a development stage company; in addition, we have since finalized our first major government contract with the Ministry of Environment for Nigeria after two years of negotiations. You can go to the News page on the Company website and find a news article from 2010. The agenda for carbon credit development by using products sold by RVPL is still very much active. This is a task which will be fulfilled by ECCO2 Corp, our sister company who operates as a NGO for United Nations. RVPL is only the supplier of the goods used to develop these carbon credits. The more goods shipped and utilized the more carbon credits generated. Thus, the Company has began hiring workers, preparing initial product shipments, and arranging first meetings with the parties who are amongst the ECCO2 Civil Society for Nigeria. Partial shipments will commence in September 2012 and continue thereafter for next 10-years to total $1.8 billion in gross sales for the Company.
For those of you who do not understand what the Form 8K last week was all about let me clarify. Goods are shipped to client's freight forwarder in the US, in this instance Nigeria with a commercial invoice (e.g.; $100,000.00 USD). Upon receipt of those goods the commercial invoice is credit insured and sold to a factoring bank who makes a cash payment to RVPL within a few days even though the commercial invoice may be net 60-90 days from the date goods were delivered to Nigeria. Nigeria government forwards this commercial invoice to the designated financial aid programs (e.g.; United World Fund, Green Climate Fund; etc.) that have already pledged and guaranteed funds to cover cost of sale for commercial invoice sent to the client. In our case, we anticipate a single shipment per week over the next 520 weeks, which is the total duration of the Nigeria Contract, which would mean a cash payment from factorer every week.
2012 can be summarized in three statements:
1. The Company is not immune to economic challenges of today, thus, RVPL is focused on delivering results in the areas we can control to enable cash-flow positive modules and project deployment that are sustainable and economically viable to meet the objectives for the designated projects.
2. In difficult times we remain committed to our strategy and operating priorities due to the fact that our methodologies for energy efficiency and carbon emissions reduction remain evident based on our ongoing monitoring reports overseen by United Nations standards and regulations.
3. We are building significant earnings power that will be delivered to our shareholders as the expansion of supply chains and work force broadens throughout the duration of ECCO2 projects by utilization of factoring of commercial invoices billed to clientele, all of which are top government agencies for developing countries.
Focusing on What We Can Control to Generate Growth
The Company will start slow, fulfilling smaller size shipments and work out any kinks in the rope, while establishing a comfort level for all parties involved with the Nigeria project. By the sixth month RVPL should be able to broaden its supply chains and work force, creating several hundreds of domestic and overseas jobs for Americans to deploy all requirements to fulfill the Nigeria contract.
Creating & Delivering Long-Term Shareholder Value
Nigeria is far from everything happening with the Company at the present time, negotiations with five other countries are nearing completion. These expansion plans with new foreign government clients are more likely to become concrete before the end of 2012. The completion dates are all dependant upon foreign politics, delegations, project financing from various sides of the deal and schedules of government officials, who can be as busy a federal secretary or senator in America.
Closing Statement
In closing, I will alert all shareholders by way of Form 8K report including financial statements for the Company from May through August 31, 2012 which are expected to be filed for public display the first week of September. In addition, to maintain quarterly reporting requirements of the SEC, the Company shall be filing a Form 10Q for May through July 2012 before October 15, 2012. This will display how the Company is performing operationally and financially at the present time. RVPL and ECCO2 Partners will be participating in several job fairs throughout the country to hire the best workers for our domestic and overseas business affairs. Its taken loyalty, commitment, perseverance, and strong political and corporate networks to get the Company to this point. We are all blessed to be able to say we're part of a mission for helping the world and the people in it.
Sincerely,
Cary Lee Peterson
Chairman-CEO, RVPlus, Inc.
(dba ECCO2 TECH dot Com)
ABOUT ECCO2
ECCO2 (acronym for Environmental Control of Carbon Dioxide) is a corporate interface for universal clean technologies that are sustainable, reduce carbon emissions, and energy efficient in residential homes, commercial buildings, and transportation.
ECCO2 has appeared in major media outlets such as Forbes, Wall Street Journal, CNN, MSNBC, and Bloomberg, in addition to participating in various clean-tech awareness conferences held by government agencies and private organizers.
ECCO2 Corp, the non-profit sister company of the 'ECCO2 family,' was recently admitted to the United Nations Department of Economic Social Affairs by the DESA NGO Branch as an official non-governmental organization and is also an affiliate partner of United Nations Framework Convention on Climate Change by partnership with Center for Climate Change and Environmental Studies, an admitted observer organization for the United Nations. This status held with the sectors of the United Nations opens many windows of opportunity to over $100 billion in financial aid to fund ECCO2 projects.
Additionally, effective August 20, 2012 the Company has relocated its primary office from Austin, Texas to a rental office space located at 2500 Plaza 5, 25th Floor Harborside Financial Center, Jersey City, New Jersey, 07311, in efforts to be closer to United Nations headquarters in New York City, in addition to legal, accounting, banking, production, and logistical partners that the Company does business with on a regular basis.
The Company continues to operate as a partner and supplier for American made products that reduce energy consumption and carbon emissions in facilities and transportation.
These operations include projects for climate change, social affairs, and economic development with RVPlus' sister company, ECCO2 Corp, an admitted NGO for United Nations Department of Social Affairs.
For more details about RVPLUS and ECCO2, go to http://www.ecco2tech.com/.
Forward-Looking Statements:
Statements which are not historical facts contained in this release are forward-looking statements, such as "immediately accretive" that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate," "possible," and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements. The information herein is subject to change without notice. The Company shall not be liable for technical or editorial errors or omissions contained herein.
RVPLUS (OTCQB: RVPL) letter from Cary Lee Peterson, Chairman-CEO, About Updates on ECCO2 Projects and Company
RVPlus, Inc. has made significant progress in the past four months since change in control of the Company. There was a Form 10K filed recently for the previous year as a development stage company; in addition, we have since finalized our first major government contract with the Ministry of Environment for Nigeria after two years of negotiations. You can go to the News page on the Company website and find a news article from 2010. The agenda for carbon credit development by using products sold by RVPL is still very much active. This is a task which will be fulfilled by ECCO2 Corp., our sister company, who operates as an NGO for the United Nations . RVPL is only the supplier of the goods used to develop these carbon credits. The more goods shipped and utilized the more carbon credits generated. Thus, the Company has begun hiring workers, preparing initial product shipments, and arranging first meetings with the parties who are amongst the ECCO2 Civil Society for Nigeria . Partial shipments will commence in September 2012 and continue thereafter for the next 10-years to total $1.8 billion in gross sales for the Company.
For those of you who do not understand what the Form 8K last week was all about, let me clarify. Goods are shipped to the client's freight forwarder in the US, in this instance Nigeria with a commercial invoice (e.g.; $100,000.00 USD ). Upon receipt of those goods the commercial invoice is credit insured and sold to a factoring bank who makes a cash payment to RVPL within a few days even though the commercial invoice may be net 60-90 days from the date goods were delivered to Nigeria . The Nigerian government forwards this commercial invoice to the designated financial aid programs (e.g. United World Fund , Green Climate Fund , etc.) that have already pledged and guaranteed funds to cover the cost of sale for the commercial invoice sent to the client. In our case, we anticipate a single shipment per week over the next 520 weeks, which is the total duration of the Nigeria Contract, which would mean a cash payment from the factorer every week.
2012 can be summarized in three statements:
1. The Company is not immune to the economic challenges of today, thus, RVPL is focused on delivering results in the areas we can control to enable cash-flow positive modules and project deployment that are sustainable and economically viable to meet the objectives for the designated projects.
2. In difficult times we remain committed to our strategy and operating priorities due to the fact that our methodologies for energy efficiency and carbon emissions reduction remain evident based on our ongoing monitoring reports overseen by United Nations standards and regulations.
3. We are building significant earnings power that will be delivered to our shareholders as the expansion of supply chains and work force broadens throughout the duration of ECCO2 projects by utilization of factoring of commercial invoices billed to clientele, all of which are top government agencies for developing countries.
Focusing on What We Can Control to Generate Growth
The Company will start slow, fulfilling smaller size shipments and work out any kinks in the rope, while establishing a comfort level for all parties involved with the Nigeria project. By the sixth month RVPL should be able to broaden its supply chains and work force, creating several hundreds of domestic and overseas jobs for Americans to deploy all requirements to fulfill the Nigeria contract.
Creating & Delivering Long-Term Shareholder Value
Nigeria is far from everything happening with the Company at the present time, negotiations with five other countries are nearing completion. These expansion plans with new foreign government clients are more likely to become concrete before the end of 2012. The completion dates are all dependant upon foreign politics, delegations, project financing from various sides of the deal and schedules of government officials, who can be as busy as a federal secretary or senator in America.
Generally so, but RVPL's Q's WERE prepared by auditors!!
Thankfully RVPL's CEO relies on the Auditors for "understanding the intricacies of GAAP"!
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RE: RVPL, RVPlus Inc. @ Keith, I think you are 100% correct. From what I have read in the Q's they claim accounts receivable.
I think once RVPL was suspended a new type of "predator" investor showed up.
As we both know the volume on this one is 8,220 a day on average. I don't expect anything major to happen between now and the filing of the 10-K.
I also think someone was either trading on inside info and or sold short against certificates. I cannot prove wither, just an opinion.
There is a HUGE upside potential here on RVPL. I have always stated that once the 10K is filed I think the stock will reflect the true value of $1+. Just my opinion but like you I have been on this board over a year, made hundreds of posts and follow the filings.
ANYONE can lie on these boards. The truth is in the filings.
TopWop/Marvin Valento/Peterson; So obviously there is a court case between you guys. I suggest you let that take its course.
The Company needs to now focus on the Form 211 and the 10-K at this point.
I would preferred to have seen this dispute between these parties handled in court.
I guess now it appears it is going to be a one sided argument as I don't believe Peterson to be one to make statements publicly, let alone on a chat board, with a hearing less than 2 weeks away.
From his previous actions Peterson seems meticulous and litigious and I for one am willing to wait for an update once the Aug 1 hearing occurs and once the 10-K is filed.
Remember, there are only approx 3 million of about 120 million outstanding shares in free trading status this very moment; 2.5% of Company for sale on open market.
I don't expect there to be any surprises. NOBODY is going to short a stock at the current price levels against the float, I could be wrong but that would be suicide in my opinion.
Just watch, M. Peterson will come through and deliver a 10K filing and source a Market Maker to sign off on the 211.
In 2007, at the age of 23, Zuckerberg became a billionaire as a result of Facebook, currently Mark is 29... Your point?
We all know there is no doubt in the validity of the contracts. ZERO doubt.
At the end of the day there are less than 4 million free trading shares out there out of the 120 million total.
Come Aug 2 when trading resumes don't expect any major volume. NOBODY that bought into this is going to whore out shares before the 10K comes.
The RVPL reality is it is an OTCQB not a pink sheet pump and dump. Anyone can easily see there has not been a pump n dump here.
Patience, government contracts are not signed and completed overnight. I believe once the 10K and 211 are filed people will look back and be thankful they got in when they did.
With less than 3%/4 million shares are free trading... I just don't see an all of a sudden mass exodus of shareholders here. That is not realistic. At this point I believe shareholders are willing to give the company a chance to complete their required filings within the rules.
We will all know either by July 30 or August 13 if they request a 2 week extension exactly what is up with RVPL
Too many comments of past "suspended" pinksheets just do not pass the smell test. RVPL is a FULLY REPORTING QB company.
I firmly believe all is well and just a matter of a few weeks and we will see the filings
Remember, there are only approx 3 million of about 120 million outstanding shares in free trading status this very moment; 2.5% of Company for sale on open market.
I don't expect there to be any surprises. NOBODY is going to short a stock at the current price levels against the float, I could be wrong but that would be suicide in my opinion.
Just watch, M. Peterson will come through and deliver a 10K filing and source a Market Maker to sign off on the 211.
What evidence other than your "gut" do you have to validate the statement that Mr. Peterson is "shady as hell"?
That seems to be a VERY strong and opinionated statement from someone who rarely posts on this board.
I could not disagree with you more. Mr. Peterson and his dealings with RVPL have been completely compliant and all disclosures have been made in accordance with the rules.
For you to state Mr. Peterson is "shady as hell" I challenge you to provide PROOF to back that statement up.
And to the statement of Mr. Peterson being a "U.N. Ambassador" nowhere that I have found does Mr. Peterson claim to be an employee of the UN. He claims to be a good will ambassador to the UN for several countries.
I wish people would back their statements up with facts!!!
Agreed OOTS the poison will be removed and I also agree too much of a coincidence on the date of Aug 1?
Again I believe that Peterson will prevail and continue to grow RVPL.
This is a speed bump!!
Hey nathanial, what do you believe to be illegal?
A poster offering shares for sale at a rock bottom price 48 hours prior to reporting/complaining to the SEC?
Just curious. In my opinion I don't think you can do that, just doesn't seem right.
I think you nailed it Keith!!
RVPL is a QB company. I believe they will do the 211 and 10k filings and satisfy FINRA and SEC
tdbowieknife post is a grim awakening but I believe that RVPL is different from the rest. I cannot and will not say I am glad this happened but it appears that the light are on now and we are going to see everything now since this private dispute has gone public.
Insider trading to me. "offer to the members of this board to sell them your stock certificate two days before going to the SEC and completely sinking the investments of all RVPL shareholders."
I agree with you on this one should have gone to court and not the SEC. Just glad those shares were not unloaded on anyone here or elsewhere.
I don't believe there is anything anywhere as a specific example and I believe that the 211 will be filed with the 10K
Your post is VERY detailed and insightful. You seem to have more knowledge on this than most of us here maybe you could shed some light on a few things?
1. The post referring to the "1116 SEC Suspended stocks" of those how many were OTCQB stocks?
2. Since RVPlus is in the process of completing their 10K Annual report do you agree that this filing will answer many if not all questions and concerns?
3. After looking at the Form211 (http://www.otcbb.com/aboutotcbb/forms/form211.pdf) Do you think it would be much trouble for the auditor, CEO or ACAP that completed the original 15c211 to complete this simple document since an 15c211 and an S1 filing has previously been completed and accepted?
I agree with your comment that "it can be a very emotional and even sickening experience" but from what I have seen of RVPlus to date they always complete their filings and nothing leads me to believe the won't continue to do so.
They are required to have their 10K completed by July 30 unless they request an extension then it is due no later than August 13, 2013.
So from what I can determine all they need to do is file both the 10K and 211 and back onto the OTCQB.
Agreed OOTS, from what I have seen today seems that a dispute arose and could not be settled amicably so a lawsuit was filed. I have zero doubt that RVPlus will be fine once the 10K is filed.
Peterson no doubt has many things to update us all about in that 10K and I, along with the rest of the shareholders, am looking forward to the filing.
If you know anything about a 12K suspension the SEC is asking questions. Sure the CEO can answer questions but think about a reporter asking a question vs. a formal statement in a court of law.
What the SEC wants, in my opinion, is the filing with Peterson's signature, WITH RECOURSE, and they should be getting that shortly from what I see.
As for the "grey's", again, my understanding is an audited 10K filing will answer ALL the SEC questions. Anyone remember the last 10Q? The last Q was filled with info including GC Barnes.
I am patiently waiting on the filing.
RVPL is far from done. Take a step back and a moment to breath.
What has obviously happened is there have been complaints. the company has a 10K to file. The issues in the complaints from the simple 1 page publishing it is a standard 12K issue.
I believe that once the 10K is filed we will all look back on this and laugh.
The Company has NOT mass spammed or promoted the stock and that was the usual cause a decade ago for the SEC invoking a 10 day (12-K) suspension.
This gives the SEC a chance to ask questions and the issuer to reply.
I found it after following the link posted earlier this morning. When I looked again there was a reply.
https://tinyurl.com/koebbbl
I don't believe they are "hovering" these boards. From what I read on ROR sounds like someone is disgruntled and RVPlus has filed suit against the person.
"Court records in Scottsdale, Arizona show Marvin Valento (the defendant) was a personal friend of Mr. Peterson, who began to harass, slander, and broadcast falsified information to friends, relatives, and business associates linked to Mr. Peterson when he was unhappy with the current stock price. Any other information regarding this matter can be found in the court records that should be updated next month following the scheduled hearing. "
Sounds like the hearing will resolve matters between the 2.
Reply from IR, maybe the cause...
https://tinyurl.com/koebbbl
That still remains my opinion. I cannot believe that RVPL received a suspension for 10 days, I am pretty speechless. I have faith that once the filing is done it will only be a few days and we will finally see our shares valued at $1+ based on all the contracts to date.
Last years 10k was done on Aug 13 within the rules and I don't expect anything to stop the filing.
RVPL through its relation with GC Barnes is tryig to secures 200 million for RVPL
The IR and CEO are full of information. We are going to see dollar land in the next 30 days!!!
Try them again, I got a great update
I suggest you email IR and or Peterson
Remember the GC Barnes deal? How much of a game changer would 100, 200 or more MILLION be from the US Government?
I am "ALL IN" on this one, my money says in 18 months we are $20+ a share
I used to agree with you but in this case an audited financial is WAY better in my opinion.
Let's have this same conversation in month once the 10K Annual report is filed and news is out.
I beleive we will see dollar land in the VERY near future
Definitely a market Maker messing around. Nobody is going to make a real trade that low, doesn't even cover cost of commissions.
Definitely a market Maker messing around. Nobody is going to make a real trade that low, doesn't even cover cost of commissions.
The 10K filing is a game changer for sure. Remember how much was revealed in the last 10Q? I expect to see BIG things here in the VERY near future.
And YES, Obama and Congress are finally going to make it all happen!!