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That is my take give it time. I think this company will soon rise on its merits. The promo companies in place will get those developments out to a large audience
You did not get what I was saying. If they are ready to go live by spring we will have big names in short order. Then they will be pr'd throughout Europe. That's where the turbo acquisitions start coming from. That is the plan. Evidence of it being executed should be coming very very soon
Would have to be or spring early summer isn't happening
Lets see what FFN reach does when they drop some big news
That is it in a nut shell. Big news Big $$$.Launch by spring early summer comes we will be multiples of where we are now. They seem quite confident about that happening. Which would mean a huge amount of content acquisitions and some big names behind us coming in the short term and steady as we go.
understood. You may be 100% correct. I just want to give a man time to do his job first. See what happens
I like the action today. We knew it would consolidate today and it did. We picked up some nice bid support. Things could be getting heated up here. The rest of the week should be quite positive
I know what your saying but my experience with the promo companies you speak of does not have a good ending.
Although one of the reasons the endings are so bad is because the companies have nothing many times scams. So yes the stock ends up dying. But RTGV if they are going to deliver on this guidance then a promo company like the ones we know could explode this stock and yes it could land on much higher stable ground
Lets see how FFN does. The company can always run another company in here if they have to
Its early yet to judge this promo. Let the company put out some good news and give this a little time before we can begin to assess it. FFN has great looking clients. They are highly recommended. We don't know how they work. Give them a chance
Illegal? A promoters main investors are handed a stock to do DD on they like it and buy it. That's illegal? Wrong!
By the way all the punp and dump promo companies front load all the time with their boyz. I think this one is different and once again one of the unique qualities. They are not involved in writing PR's so they don't know what the news will be either. May not provide that instant gratification but I think this promo venture will prove a success in the end because the company has real developments coming and the word will get out to a much larger audience
Keep in mind guys the main promoter has no shares issued to sell. Ever think they may need to get a few of their guys in with these cheap shares before they really push it??
Possible
Agreed. I think once that happens this will pop up. Can't be many left
No doubt a good looking company here
Normally with a chart setup like this one WATG would move up strong. I traded this same pattern many times for big gains. This time I am concerned. The new filings leave concern the backlash of other China stocks getting bad wraps plays a role as well
Going to be interesting what happens from here
On the subject of further acquisition. Reggie eluded to it in his lasyinterview. They appear to be looking for a company with synergy that can add revenues/profits now putting more meat and potatoes on the table as this disruptive technology is rolled out and eventually becomes profitable
I am speculating this may happen soon!!
1, Company claims that's why they raised the AS
2. Reggie will do another interview shortly ahead of schedule
Several hints in his last interview
Appears this time the terms will be different we will issue restricted shares unlike the other acquisitions
I just hope they are a profitable company
The less dilution that takes place until things are hitting on all cylinders the better for shareholders
No doubt the terms of the acquisitions are some of the best seen in penny land. They get even sweeter if/as the share price rises over the next several months. The higher it goes the less conversions that can be done.
The term Turbo Acquisitions is a term Dom used in his interview. It is the part of the process where the company expects Media rights owners/artists to come flooding in.
This stage would happen after stage 2 happens as follows The PR release throughout Europe
The CEO mentioned The company has just signed their first Independent label deal. He claims its an influential name that can not be released yet.
I had asked him why that name could not be released
he said they have an Agreement in principle need to go to step #2 PR release announcing agreement
step #3 is Digitize and tag content for distribution but we would be notified of agreement before this took place
Basically same info that was in the interview
The company awaits two deals to PR it in Europe which would start the turbo acquisition phase. Once they have enough content then they would be able to go live. Company estimates early spring into summer for that event
I am thinking/hoping we should hear about an agreement with a couple music companies soon or perhaps someone that features in lists of VIP's in the music industry whom is influential . We could also get a deal outside the music industry with independent movie libraries, educational videos, training videos.. These are the areas the company believes most benefited by the tech outside of music at this time
Thanks for the back and forth you helped show why this is a great investment. Have a life to go to now. Will review filings again another time with you as long as its not the same questions.
Answered already
The valuation is based on targeted revenues, +/- 25pct on exceeding or missing the perf targets. The conversion share issuance of common stock is based on the average closing market price for the 30-days preceding the minimum conversion date.
Because it is anticipated the pps to be far in excess of where it is now, the Company has a very shareholder friendly deal.
The number of preferred shares is 500 but value determined by methodology above. The PS number is not relevent in the scenario established, merely notional.
Also asked why the AS was raised and it leads me to some speculation
The AS was adjusted on a future prudent basis not because they were going to be utilized for past acqs. A subsequent acq may be on different terms. They chose to do it as part of the annual review. Since they bought companies on a derivative acct basis, the mark to market is worse case scenario or conversion at current price irrespective if that isn't going to be the case.
Thios makes me speculate along with what Reggie hinted to in the last interview.
Another acquisition is coming. Looks like this one will be on different terms. Shares issued. Likely why the AS is going up
Even sweeter
I asked about that part directly to the company about preferred being returned to treasury. More good news
I left the K off 500. The number is notional/phantom doesn't matter. The valuation is immediately into common shares and the preferred would then be returned to Treasury.
The entire statement is incorrect . The 8KA filed Sept 3 2010 revised the closing date for the acquisitions transaction to the same date as the Audited Consolidated Financials were filed. The contracts were signed March 31 but the audit was required before the close of the deal.
That means the minimum conversion from preferred to common is Sept 3, 2011. The valuation is based on targeted revenues, +/- 25pct on exceeding or missing the perf targets. The conversion share issuance of common stock is based on the average closing market price for the 30-days preceding the minimum conversion date.
Because it is anticipated the pps to be far in excess of where it is now, the Company has a very shareholder friendly deal.
The number of preferred shares is 500 but value determined by methodology above. The PS number is not relevent in the scenario established, merely notional.
I am about to answer your question. Where did you get that quote from
I think most realize once the First two deals are announced with Media right owners in the music industry the cap will soar. I do anyway that is why I am here. Especially if there is a big name in there. Man the more you make me think the more excited I am getting. Not being smart either just how I feel
If you think a 3m market cap is all this will be worth in a few months I think your sadly mistaken. As The_free_nebula stated I also think this cap should be near 20M now
you just sit tight and wait for those 0.006's hehe
yes I understand your point so knowing the preferred conversion rate is important. Even your example of 1 for 10 the market cap is 3m.This should be worth multiples of that soon. I dug in the 10K a while back looking for that rate but didn't find it then I forgot about it. I will find out and post it
well I think most investors find us terribly undervalued so the raise in AS does not apply. If we were trading at .10 to .20 I would be more concerned. The principals receiving shares for their company I doubt want to sell them at a penny or two obviously . But we do need to get the share price up so less shares will be converted
Actually I find it good to review the terms of the acquisitions until everyone understands. I am still learning too. They look to be the best I ever seen
read again specifically last line, That tells me after conversion they can't be sold for 6 months. The conversion is based on the formula in my first post on the subject which has a great deal to do with the current PPS and how much revenues the company is doing at time of conversion. Sweet deal huh?
its in filings I referenced them
The conversion is to restricted shares which can only be sold after being held for 6 months from conversion or March 3, 2012 for BMC.
Same type deal was issued for cloud channel and others
exactly blitz82 we are at a penny which is crazy. It won't be down here too much longer. But its always good to review everything which helps give targets of the future too
Your not reading my posts. Below is some of the info on old acquisitions in a few posts ago. There is more in that post and references to SEC filings. As to your question I will do some DD and report my findings
The target cost of the acquisitions is based on revenues and a 25pct + or -. Share only deals as mentioned above
BMC is being reorganized so the valuation will reflect some offsets. The key is to increase the pps, hopefully at $.10 or more a share to minimize the amount of shares issued for BMC and others.
The conversion is to restricted shares which can only be sold after being held for 6 months from conversion or March 3, 2012 for BMC.
Same type deal was issued for cloud channel and others
Furthermore, the MD of Digital Clarity owns 67pct of the converted shares of DC and the CEO of RTG owns 40pct of BMC, as he was MD of BMC prior to acquisition -as such both are insiders and can only sell shares, 6 months after conversion and then only under Rule 144 or 1pct of outstanding every 90 days. In other words, a very smooth transition at minimum cost to Company well into the future. A cost effective deal providing RTG w/assets and revenues to balance risk to shareholders.
Here is how RTGV has acquired all their companies
Reggie speculated in his last interview that yet another key acquisition is in the works. We will hear from Reggie in another interview by months end. Will they be announcing another one?? As we know the company has been successfully aggressive in the acquisition mode recently. Some for good reason are concerned they are running before walking so to speak. poorly timed and managed acquisitions have crippled companies
Considering the terms of their acquisitions I am not concerned with that for the following reasons
1. They have gained Digital Clarity which is aggressively growing short term revenues for the company. They have pieced together an umbrella of companies that together will be able to execute this disruptive Technology in the very near future
2.Everyone needs to look at the unique terms of their acquisitions. Some of the best I ever seen
This is from the 10K/8-kA
Pursuant to the Share Exchange Agreement, the Registrant acquired 100% of the outstanding capital stock of RTG Ventures (Europe) Ltd from its stockholders for consideration consisting of Convertible Preferred Shares of RTG Ventures, Inc. according to the valuation methodologies outlined in the Share Exchange Agreements of Bitemark MC Limited and Stylar Limited. RTG Ventures (Europe) Ltd has been valued 12 months forward using forecasts submitted by them and agreed by the Company. Based on the results after 12 months, shareholders will be able to convert the preferred shares into common stock using the average share price of the 30 days preceding the conversion. At conversion the valuations will be adjusted up to a maximum of 25% in either direction using performance against forecast. All preferred stock will be held by the Registrant's transfer agent for the 12 month period.
Coud Channel will be allocated Convertible Preferred Shares of RTG Ventures, Inc. according to the valuation methodologies outlined in the Share Exchange Agreements of Bitemark MC Limited and Stylar Limited. The Convertible Preferred Shares will be issued concurrently with their conversion to common stock 12 months from March 31 st 2010.
here is some DD on the same topic
The target cost of the acquisitions is based on revenues and a 25pct + or -. Share only deals as mentioned above
BMC is being reorganized so the valuation will reflect some offsets. The key is to increase the pps, hopefully at $.10 or more a share to minimize the amount of shares issued for BMC and others.
The conversion is to restricted shares which can only be sold after being held for 6 months from conversion or March 3, 2012 for BMC.
Same type deal was issued for cloud channel and others
Furthermore, the MD of Digital Clarity owns 67pct of the converted shares of DC and the CEO of RTG owns 40pct of BMC, as he was MD of BMC prior to acquisition -as such both are insiders and can only sell shares, 6 months after conversion and then only under Rule 144 or 1pct of outstanding every 90 days. In other words, a very smooth transition at minimum cost to Company well into the future. A cost effective deal providing RTG w/assets and revenues to balance risk to shareholders.
I don't know how fast the company will be profitable. I do know they project 8m in revenues over 1 year and 50M plus over three years. I would think with that kind of exponencial growth profits would be a reality in at least a couple few Q's from now. I have no idea of the costs involved to manage this kind of growth and the ones that will need a cut of these revenues. I intend to ask some good questions about that as we progress and will post my findings.
I am impressed with their numbers in this Q. It is a company that has been in a developmental stage. It has acquired several companies and has their tech ready to roll now yet only a 400k loss on the Q. That gives me confidence that with growing revenues they will turn profitable in a reasonable amount of time.
Speaking of the companies they acquired I will now look up the details on how they acquired these companies. They are some of the best terms I ever seen and most friendly to shareholders. When I post the info everyone can make their own judgment
As far as the share structure I think most will agree that a 170M OS and a 300M AS is very good especially considering the company is entering into a strong revenue growth phase with a disruptive technology.
They have managed their share structure very well over the years never a reverse split. Past filings make me confident they will continue to mange their share structure in a very good manner. Will they need more money soon? The 10K says yes they will. In the past when they borrow money there are no free trading shares for quite some time. Hopefully this share price rises significantly so better terms can be obtained. That is their goal. That is what making money is all about. You have to spend it to make it.
Again they have managed the spending of their money very well so far bringing several companies in and developed a disruptive tech that appears ready to take the market by storm
Now that proof is shown about one of the unique qualities of this promo lets look at another unique quality
1. This is a long term promo geared to raise the share price and have it hold its gains fueled by real company developments. Digital Clarity and its partners are using RTGV as a flagship model for future promotional ventures with other real non pump and dump companies
Win Win for RTGV. Personally win win for me. If they are seeking out real companies to promote I will be doing DD on them as well as they announce new ventures. What an opportunity to hear about a real company in the pennies that potentially has a real future
This promotion will be geared to get the word out to investors as the company delivers milestones. Their progress will be heard on a ongoing basis now to a much larger audience. The promotion can not be judged because it is just beginning . Most IHUB members and that includes myself are not use to these kinds of promotions, We expect pump and dump on a promo so trade wisely if at all
FFN has the big network here and my DD on them so far tells me they are quite different then most promoters. They do longer term approaches and do their best to deal with good companies. I look forward to getting to know them better as well because they have the potential to showcase good companies. A good start is look at who they are now promoting on their website
Statement by the Company regarding the promotion. This was just sent to me from Linda at RTGV.
"There are no shares, either free trading or restricted, included in the investor awareness campaign underway. We are invoiced monthly, will a due bill in cash. The original arrangement will continue into the foreseeable future in conjunction with efforts being led by Reggie James and Digital Clarity."
good point I will ask for permission to post that info. surely they will say yes and I will post it
The proof is an e-mail away to Scott at FFN and to Linda at RTGV. One can e-mail Reggie at Digital Clarity as well and get a written statement as to there are no free trading shares to the promoters. I have but I rarely post peoples e-mails
Trust me I am not being defensive. I am very confident the company is about the blow the doors off this thing. Could be wrong of course.
Good point. We are at the stage of what the company delivers. Chart won't motivate many at this point one way or the other
The chart comes back into play if they deliver what we expect. Then once the chart shows breakout the momo players rush in to get a piece. They don't care about the company. Don't care about the DD. They just want a piece of the breakout. This could have one heck of a breakout because there is a Golden Cross in the mix here on top of everything.
I await the news to come and what it has
I agree with your overall take but the fact there are no free trading shares in this promo is part of the DD process. Its also a unique quality of the promo. The cool thing is it can be verified which was the point of my post.
Its up to the company delivery now. I do think we achieved getting many eyes on this. Which is a good thing. When they deliver evidence that this tech is coming to market with a couple big names this will fly fast! Until then it may be cat and mouse games. We will know something short term. Huge meetings now in LA and New York which will lay the foundation of whats to come or not
The promoters have no free trading shares. Please don't take my word for that. Ask the company, ask the promoter themselves. The answer is the same. Promoters in London are working on a joint venture with Digital Clairity a wholly owned subsidiary using RTGV as a flagship model. FFN the lead promoter in this has no shares they will invoice on a monthly basis. Again confirm with those that must disclose
Very interesting post. Thanks for all the info. Something very good could happen here lets just hope for the best. Just doesnt make sense going private. Hell the entire business is LEE Oil they just went public they use to be private