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Do you find it hard pressed to believe there is something shady going on here? If RR owns 98% of the shares...and the final 10 million share float is all that is out there...just the 10 people who are excited about it on this board should already hold it??? Why is there trading at all? You would think this would be completely locked unless people wanted to pay dollars? Yet...nearly 25% of the alleged float has already traded this morning for right around a penny.
I'm wondering if someone is just taking a chance on this POS and buying a small position to hold if it ever comes back to life. I know alot of these dead shells have been rising from the ashes lately...but this one also has a lot more outstanding shares compared to those others. I have 10 million shares I bought here years ago that I wouldn't mind giving back at some point.
Again...the reason I bought a small portion here. Just in case you guys are right. The news it out and I don't exactly see people taking their losses and running.
That is true. However, are the assets worth the amount he has dumped into it? He is just bidding on the loans he has given them. If the assets were worth more...there would be a few different companies coming in to steal the deal. I still think he just wants to be done with this thing and wash his hands of it. No reason to keep dumping money into a dying investment. Cut your losses and run.
Well, all things considered...I hope you're right about your guess. You talked me into taking a small position today just in case. However, I just don't see why Roche would need another shell when he already has Acorn. I still think he pays off his own debt...and then writes it down as a tax loss and kills it forever. The press release specifically states that the assets would be used to pay off the debt and any other money acquired in the auction would go to share holders. There will be no other money. He will keep his assets and...like i said before...write this off as a tax loss.
Don't let me mislead you...im not trying to be negative here...just pointing out what in seeing about default and cancelled shares. I've been racking my brain and the only silver lining I see in this would be an incredibly sharp play by Roche if this is how it plays out.
Guy is loaded...he doesn't want this public holding company anymore. There are several shells out there for sale and several private companies that would like to take the easy route of going public. So he gets the media to help him out. He is going to bid what he owes in loans on the company essentially making that the low bid...however, if there's a private company looking for a shell with a low O/S that wants to bid higher...they get the shell and Roche makes money. The default and auction is just to attract the attention of potential companies looking to go public.
It's more likely that it acts like a bk protection plan...he wipes out all debt...all shares get cancelled...he holds onto the public shell and starts a new company with it...the screw job continues.
maybe this link will work
http://stocknewsunion.com/tag/rvue-holdings-inc/
Here is what he owes and what is going to happen.
http://stocknewsunion.com/lrvue-holdings-inc/
This guy owes 500-thousand dollars on 3 different notes and anything he has is going to be auctioned off to the highest bidder on or around may 31st.
I suppose I'll post what malc us beating around the bush about. At the end of this month Roche will be auctioned off to the highest bidder and all shares will be wiped out in the process. They're in default...creditors want their money...roche is dead in the water and shares are done too. Sell for a loss if you can.
But Forrest didn't run face first into the ground like this stock.
For some reason these losers like to keep things current in their distorted reality. I'm willing to bet they release 1Q numbers by may 15th. Catch is...it will be look great...but it will be "unaudited" because it's completely fake.
Do you know how many scam stocks there are in the otc? Don't get me wrong. This is 1 of 100's of scams. Rules aren't as strict in the otc. A lot of ways to get around them and burn investors.
Yup...this thing will be 20 billion shares with another r/s before it sees a penny.
why would they need an r/s? is the share structure that outrageous?
And I'm eating my words. So....no way in hell this hits 60 bucks a share next wednesday.
I don't think it will get to 4's...even the MMs know that when news drops this thing will launch and they don't want to get bought out in the heat when it does.
That's exactly right! And that was 2015. If Russo was going to buy this thing out and go public, he would have done it by now. This is a dead stock.
Zero
Ya, I kinda figured it was too good to be true when involving Big Mouth Mikey.
Definition of a halt:
Trading in a security can be temporarily halted by stock exchanges for a variety of reasons, including upcoming news announcement or there is uncertainty over whether the security continues to meet listing standards set by the exchange. The halt can last from a few minutes to longer periods, potentially extending across multiple trading days. When the primary listing exchange of a security issues a regulatory trading halt, all U.S. stock exchanges and other market centers that trade the security must also halt trading in the security. While the trading halt is in effect, all U.S. market participants are prohibited from trading the stock.
We know there is NO uncertainty that this security continues to meet listing standards on the otc. He doesn't list shit!
HOWEVER!!!! Maybe the RM rumors are true and it has been halted due to the 2nd line in that paragraph...upcoming news announcement?
Lol! I'm sure he will be walking so funny in prison it will look like dancing.
How bad does your name have to be for a potential RM to send a stock plummeting?
I heard that BMM will be keeping his famous initials in prison, except it will now stand for Big Mouth Mike...and not because he talks alot.
CAREFUL...YOUR APPOINTED COO IS A HUGE FRAUD!!!
Mr. Kin Hang Chan, also known as Danvil, serves as Managing Director of Honest Joy Accounting Service Co., Ltd. Mr. Chan is the Proprietor of K.H. Chan & Co. Mr. Chan has 18 years of working experience. He has been a Director of Sino Green Land Corp. since July 1, 2010. He served as an Independent Non-Executive Director of China Medical and Bio Science Ltd., from March 31, 2007 to January 28, 2011. He served as an Independent Non-Executive Director of China Demeter Investments Limited from March 31, 2007 to January 28, 2011. He is a Fellow of The Hong Kong Institute of Certified Public Accountants since 2005 and an Associate of The Institute of Accountants of the United Kingdom since 1996. Mr. Chan holds a Master Degree in Accounting from the Curtin University of Technology, Australia in 1999.
You're absolutely right! The share structure is WAY too big for this to ever get over 2 or 3 cents.
I agree! I would like to see current financials this week...but the thing that will send this over the top will be new contracts and 2nd quarter earnings in august.
Thats only 30 million after taxes. Better wait for 100 million like me.
I just hope there is a strategy for waiting until the last moment to drop the news...other than to be a dick. You know they've had this planned for 6 months or better and the press release has been done for over a month now. I'd like to see a 2nd release behind financials that says they've been buying back shares and are retiring 500 million.
And that statement right there is the ONLY reason I have a bit of doubt in this stock. .10 to .15 for employees...I know it's only 10 million shares...but I can't see this thing being the juggernaut we all hope it is going to be when this is what employees are buying in for. If it was going to be all that incredible, employees would have been able to buy for 1 dollar?
Here's my only fear with this stock...
https://www.bloomberg.com/news/articles/2017-04-17/stock-s-9-800-rise-shows-hong-kong-billions-exist-just-on-paper
If that report is right...financials will show this thing at 50 million yuan...or 7 million US dollars. It will drive this to a penny...but I think dequn has more up his sleeve.
Actually there are only 10 million being offered to employees in china.
You play a dangerous game with this stock my friend...but yes...in all honesty...someone pushed hard to get it above six eod yesterday. I see this falling back to .051 or 052 before building up to .08 today. Good luck!
My god...I must have been drinking when I posted my last post. I meant the 10 million shares to employees between now and july.
I do think this could be 40 bucks a share by the end of the year...the dd on here is outstanding...but my clue for that prediction is the 100 million shares being sold in china between now and July. This guy is gonna make a lot of friends and family very wealthy.
I seriously doubt it...but 818 billion divided by 700 million shares is 1168 a share. I do think this thing is a 5 to 10 dollar share in the next 3 months though.
I couldn't imagine if this was $1150 per share. It would create another 400 to 500 billionaires in the world just owning a million shares of this stock.
We shall see...several locations in china...been around for nearly 20 years...and made 2.5 billion in 2015.