Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
That is accurate TF. Epic's website and first mobile entertainment unit is expected to launch in a couple weeks. I will be sure to post it when it comes live. They have a unique business model which basically can provide on location entertainment for most any event imaginable. These mobile units can be customized to specific needs and will be franchised. Really can't go into the the various business models as a couple are completely unique and will surface a bit further down the road. Basically at first they can provide mobile gaming for adult parties, football games, birthday parties, church bazaars, carnivals etc. Big screen tv's can be rolled out as well. Parties can be done at private homes as well. Restaurants that cater parties for kids of all ages are potential clients. Epic is already working with a national chain to potentially handle several restaurants in their area as a test. They can easily adapt the look of the unit to suit a particular restaurant franchise. Great idea for kids birthdays of any age. These are all weather events
DC will be recommended to all franchise clients. Meaning they will have the opportunity to build the website, provide SEO and PPC advertising. These units will become good advertising vehicles for certain business's that wish to have their logos on the units.
They currently have a place where they can and are manufacturing units. It is not at the location the business is listed at
This scarred off a few too. Many traders seen this well before the actual filing and assumed it was a AS raise as these corporate actions usually are so I am told. The selling started the day this came out. The Pr and actual filing of the AS raise came 3 days later 03/08/12 as this event was filed 03/05/12
Detail by Entity Name
Florida Profit Corporation
RTG VENTURES, INC.
Filing Information
Document Number P98000084103
FEI/EIN Number 593666743
Date Filed 09/29/1998
State FL
Status ACTIVE
Last Event AMENDMENT
Event Date Filed 03/05/2012
Event Effective Date NONE
Principal Address
% DAVID PRICE, ESQ., TOP TIER STRATEGIES
1915 EYE STREET, NW, 5TH FLR.
WASHINGTON DC 20006
Changed 04/20/2011
Mailing Address
% DAVID PRICE, ESQ., TOP TIER STRATEGIES
1915 EYE STREET, NW, 5TH FLR.
WASHINGTON DC 20006
Changed 04/20/2011
Registered Agent Name & Address
BUSINESS FILINGS INCORPORATED
515 E. PARK AVENUE
TALLAHASSEE FL 32301 US
Name Changed: 11/18/2004
Address Changed: 11/14/2011
Officer/Director Detail
Name & Address
Title D
PERRY, LINDA
400 EAST 54 ST., APT. 28-E
NEW YORK NY 10022
Title CD
GRAY, NEIL
23 BLACKBIRD AVE WORKSOP
NOTTINGHAMSHIRE ENGLAND S8 18W8
Title D
JAMES, REGGIE
HOLLYDENE, SNOWDENHAM LANE
BRAMLEY,SURREY GU S OAT
Annual Reports
Report Year Filed Date
2009 04/29/2009
2010 04/27/2010
2011 04/20/2011
Document Images
Boardmarks were 333 about 3 weeks ago. They spiked to 455 as a high. They sit at 449
These transactions are in the 2010/2011 10-K and all intervening Q's as well
The point of the PR was to show Neil Gray had turned in all his salary for shares at 0.016 as well as make new investors aware of older news. The transaction with Neil enhanced the balance sheet. Why did he do that now? Speculate away.
Reggie and DC were acquired at a share price of a little over 0.016. The stock has a large amount of new faces so it was good to make them aware even though this official transfer happened last September. Linda was mentioned in this particular PR because they wanted to communicate that a portion of her salary was sold as debt to fund the company. This may be the transactions in the 10K but does not state which director did this.
From the 10K
NOTE 12 – CAPITAL CONTRIBUTION
In July 2010 an officer of the Company made contributions of $85,000 to assist with various professional fees. These contributed funds are considered as paid in capital.
In November 2010 an officer of the Company made contributions of $95,000 to assist with various professional fees. These contributed funds are considered paid in capital.
In February, 2011 an officer of the Company made contributions of $95,000 to assist with various professional fees. These contributed funds are considered paid in capital.
Nice article but RTGV is not pink sheets They are OTCQB and spend a great deal of money to be fully reporting
OTCQB
OTCQB is the middle tier of the OTC market. OTCQB companies are reporting with the SEC or a U.S. banking regulator, making it easy for investors to identify companies that are current in their reporting obligations. There are no financial or qualitative standards to be in this tier.
Pink Sheets
The bottom tier of the OTC market, OTC Pink is an open marketplace that helps broker dealers get the best prices for investors. OTC Pink has no financial standards or reporting requirements, but companies in this tier choose the level of information they provide to investors and may have current, limited or no public disclosure.
Would it not depend on the company to whom a LOI would be signed with and that company's reputation? I still fully expect them to work with Aderra on the app. Things take time and money
Aderra DD: RTGV mentioned in the previous PR "These discussions will include several companies that are part of an overall plan to vertically integrate" Aderra is clearly a player in this integration
More on Steve Baughman who is spearheading the App that Aderra and RTG did a JV
RTGV joint venture with Aderra: Aderra client list consists of many billboard artists such as Smashing Pumpikins, Zack Brown, 50 Cent, Metallica,and Deadmau5
http://finance.yahoo.com/news/RTG-Ventures-Aderra-Announce-prnews-1448020414.html?x=0
Aderra Client list
http://aderra.net/clients.html
Aderra Releases Joint PR:
http://aderra.blogspot.com/2012/01/aderra-rtg-ventures-announce-joint.html
Aderra Tweets on the Joint Venture
<>https://twitter.com/#!/< a=""> style='background-color:yellow;'>aderra
Steve Baughman, who is spearheading the app's development (as per 1/3/12 press release)
<>http://www.recordingconnection.com/ambassadors/steven-baughman/about/
Steven Baughman From Aderra
About
The Pussycat Dolls, Usher, 50 Cent, Destiny’s Child, Pink and Snoop Dogg are just a handful of the top-selling artists that Grammy Award-winner Steven “Steve B” Baughman has worked with.
A California native, Steve B. graduated from California State University, Chico in 1995 with a BA in Music, Recording Arts. He then made his way to the heart of the music industry, Los Angeles. Starting his career at the prestigious Larrabee Studios, Steve B., worked with a wide variety of artists, producers, writers and music executives over a five-year period. This opportunity, straight out of college, allowed him to learn the music business from the bottom up. Armed with this knowledge and experience, Steve B. went off on his own in 2000 as an independent recording engineer.
Working for Death Row Records, Interscope Records, Sony Records, Capitol Records and many others, he was able to form relationships with some of the biggest moguls in the music business, including but not limited to, Dr. Dre, Eminem, Michael Jackson, Jimmy Iovine, and 50 Cent. Since then, Steve B. has worked on innumerable platinum records like Eminem’s 2002 “Eminem Show”, which was nominated for multiple Grammy’s and won in the category of Best Rap Album. In 2004, Baughman opened his own personal recording studio, servicing multi-platinum artists and up-and-coming talent.
As a writer/producer/mixer/engineer, he has been able to provide these clients with a complete start to finish album experience. Due to this success, in 2007, Baughman was hired by multi-billionaire Dr. Henry Nicholas to help form a new record label. As a staff A&R/producer/mixer, he was responsible for handling existing talent and bringing new talent into the system. Steve B continues his musical entrepreneurial drive and now has a new production/management imprint that includes country artist, Megan Moreaux. In addition he continues to mix and produce the biggest names in the music business.
Small Cap Network Looks to be featuring RTGV . Strong Write Up
http://www.smallcapnetwork.com/Secret-Acquisition-Talks-Rally-the-Faithful-PINK-RTGV/s/via/14/article/view/p/mid/1/id/599/
Yes on that topic the last two Pr's had info on the potential of raising long term funding. In one PR Perry stated the bankers at NIBA were ready to invest. In the next she stated after acquisition talks in LA she moves onto NYC to meet with NIBA bankers again. Nice iron in the fire there "if" they can land long term funding. I do agree the acquisition, JV, Merger whatever you want to cal it since its been called all those things in pr's is most important. Again all the speculation on who it is does no good as the company is under a NDA
More on Pulse Station
The internet allows for artists to take control of their own promotion, sales and interaction with fans without the need for a record label but at the moment there is no single tool that helps them do all of it. Nor is there a tool that allows a record label to track everything that’s occurring with the artists on their books. Now a tool does – and a lot more. Welcome to Pulse Station.
Developed by RTG Ventures interactive agency Digital Clarity, the sophisticated platform allows labels and independent artist alike, to monitor all social channels as well as model trend data to forecast ticket & merchandize sales allowing a deep dive view of fan behaviour and revenue forecasting. The unique dashboard offers a ‘top down’ view of events that integrate into calendars on both web and mobile devices. Pulse Station offers complete social, visual (video & photo) archive and streaming, as well as audio and analytics integration.
Driving business performance is crucial in today’s creative industries. Understanding how the growth of social media impacts on the success of a project is now central to most management and artists alike. Unlike some existing disparate technology that works in isolation, Pulse Station acts as a complete management tool for everything from day to day tracking of artist’s expenditures to providing reports that help management and their record label make intelligent decisions that will result in more sales, more fans and more exposure.
As beta testing with artists continues, a customer facing website is due mid to late March. Built on ruby on rails, Pulse Station is already modelling part of its architecture to embrace the need for brands to understand their social and digital value in other vertical sectors. As such, the team will shortly be testing its platform in the sport and fashion arena.
http://www.techstars.com/founder-stories-next-big-sound/
http://www.wired.co.uk/news/archive/2012-01/27/musicmetric
Yes let the company rise on its own merits
Man do I have to agree with you guys there. Last thing in the world I want to see is a promo. Personally I would have no part of one after that last one. Also all this speculation on who the acquisition target is does no one any good. It is all speculation. Company just got back on their feet. It appears they have some very good things in the fire. Give them time to execute. If they do all will be well.
According to the PR today it also looks like things are ready to take the next step as fas as the investment bankers from NIBA too.Last PR Perry stated they were ready to invest in so many words. This would be a long term funding deal if they pull it off
More on Pulse Station
The internet allows for artists to take control of their own promotion, sales and interaction with fans without the need for a record label but at the moment there is no single tool that helps them do all of it. Nor is there a tool that allows a record label to track everything that’s occurring with the artists on their books. Now a tool does – and a lot more. Welcome to Pulse Station.
Developed by RTG Ventures interactive agency Digital Clarity, the sophisticated platform allows labels and independent artist alike, to monitor all social channels as well as model trend data to forecast ticket & merchandize sales allowing a deep dive view of fan behaviour and revenue forecasting. The unique dashboard offers a ‘top down’ view of events that integrate into calendars on both web and mobile devices. Pulse Station offers complete social, visual (video & photo) archive and streaming, as well as audio and analytics integration.
Driving business performance is crucial in today’s creative industries. Understanding how the growth of social media impacts on the success of a project is now central to most management and artists alike. Unlike some existing disparate technology that works in isolation, Pulse Station acts as a complete management tool for everything from day to day tracking of artist’s expenditures to providing reports that help management and their record label make intelligent decisions that will result in more sales, more fans and more exposure.
As beta testing with artists continues, a customer facing website is due mid to late March. Built on ruby on rails, Pulse Station is already modelling part of its architecture to embrace the need for brands to understand their social and digital value in other vertical sectors. As such, the team will shortly be testing its platform in the sport and fashion arena.
http://www.techstars.com/founder-stories-next-big-sound/
http://www.wired.co.uk/news/archive/2012-01/27/musicmetric
Ibox and stickies are up to date: The latest info including links to all filings. Good place to start DD
Very interesting SUNR showing up on the scene. I have to say I am delighted with the professional traders that are all over this stock now. RTGV lacked liquidity in a serious way when it was over a penny. It could never get enough volume to help the PPS. If the company executes these traders will make this a place they come much more often and RTGV will be a very liquid penny. Not to minimize the need for long term investors but a healthy stock needs both
More on Steve Baughman who is spearheading the App that Aderra and RTG did a JV
RTGV joint venture with Aderra: Aderra client list consists of many billboard artists such as Smashing Pumpikins, Zack Brown, 50 Cent, Metallica,and Deadmau5
http://finance.yahoo.com/news/RTG-Ventures-Aderra-Announce-prnews-1448020414.html?x=0
Aderra Client list
http://aderra.net/clients.html
Aderra Releases Joint PR:
http://www.prlog.org/11762011-aderra-rtg-ventures-announce-joint-venture-on-fan-app.html
Aderra Tweets on the Joint Venture
https://twitter.com/#!/aderra
Steve Baughman, who is spearheading the app's development (as per 1/3/12 press release)
http://www.recordingconnection.com/ambassadors/steven-baughman/about/
Steven Baughman From Aderra
About
The Pussycat Dolls, Usher, 50 Cent, Destiny’s Child, Pink and Snoop Dogg are just a handful of the top-selling artists that Grammy Award-winner Steven “Steve B” Baughman has worked with.
A California native, Steve B. graduated from California State University, Chico in 1995 with a BA in Music, Recording Arts. He then made his way to the heart of the music industry, Los Angeles. Starting his career at the prestigious Larrabee Studios, Steve B., worked with a wide variety of artists, producers, writers and music executives over a five-year period. This opportunity, straight out of college, allowed him to learn the music business from the bottom up. Armed with this knowledge and experience, Steve B. went off on his own in 2000 as an independent recording engineer.
Working for Death Row Records, Interscope Records, Sony Records, Capitol Records and many others, he was able to form relationships with some of the biggest moguls in the music business, including but not limited to, Dr. Dre, Eminem, Michael Jackson, Jimmy Iovine, and 50 Cent. Since then, Steve B. has worked on innumerable platinum records like Eminem’s 2002 “Eminem Show”, which was nominated for multiple Grammy’s and won in the category of Best Rap Album. In 2004, Baughman opened his own personal recording studio, servicing multi-platinum artists and up-and-coming talent.
As a writer/producer/mixer/engineer, he has been able to provide these clients with a complete start to finish album experience. Due to this success, in 2007, Baughman was hired by multi-billionaire Dr. Henry Nicholas to help form a new record label. As a staff A&R/producer/mixer, he was responsible for handling existing talent and bringing new talent into the system. Steve B continues his musical entrepreneurial drive and now has a new production/management imprint that includes country artist, Megan Moreaux. In addition he continues to mix and produce the biggest names in the music business.
RTGV Continues Execution of Business Vision With Trip to NIBA & Los Angeles
2012-02-27 10:45 ET - News Release
NEW YORK, Feb. 27, 2012 /PRNewswire/ -- RTG Ventures, Inc. (OTCQB: RTGV) stated in its last press release that: "In November 2011, Reggie James and Linda Perry had preliminary discussions with several companies who meet the criteria and were interested in a joint venture with a public company in the social media space which could evolve into a merger of like-minded entities."
Alongside these meetings a short release was also issued (http://prn.to/AooL65) that described clearly the continued development of the Pulse Station platform. The combination of these last 2 statements and continued effort under extraordinary and often negative sentiment, has culminated in a seismic shift in 3rd party investors and technology companies looking to engage in a deeper way with RTG Ventures, its technology and lead interactive agency.
Speaking on the recent activity, Reggie James, SVP Marketing & Communications said, "There has been significant interest in our unique offering of combining bespoke technology with digital marketing insight that has resulted in us making a trip back to the US to take things to their next logical level."
He added, "As social and digital integration is at the heart of what we do, Pulse Station is already modelling part of its architecture to embrace the need for brands to understand their footprint in this arena as well as other vertical sectors. This has allowed us to broaden our reach in sectors that are in vogue and we will look to push the technology in areas such as sport and fashion."
Linda Perry, Executive Director further commented, "Now that the restructuring of debt is in hand, we attended the National Investment Bankers Association (NIBA) Conference (http://nibanet.org/). The Conference met all expectations. Not only a new network of institutional investors, but people whose sole purpose in attending is to find like minded people for mutual advantage. As a result of our participation, RTG now has several sources of long term funding sources who are interested in our business and who are prepared to invest. Those discussions will continue, hopefully to conclusion, after the next week of meetings in LA."
She added, "Following that event, we are travelling on to Los Angeles to continue the discussions that begun in November. These discussions will include several companies that are part of an overall plan to vertically integrate. The private company which RTG has identified as a JV/Merger candidate will be an active participant in several of these meetings."
In light of potential developments that can change the landscape for RTG significantly Neil Gray, Chairman of RTG Ventures from London, will join the meetings in Los Angeles. Additional efforts will be announced within the next couple of days that will enhance the balance sheet. We also expect to update shareholders through releases on the progress of the meetings in LA shortly after the meetings conclude.
ABOUT RTG VENTURES
RTG Ventures offers Music & Entertainment Technology Solutions and Digital Marketing Services. Harnessing the strength of its digital marketing agency, that has a trusted reputation over the last 8 years, the company has applied its knowledge process in developing cutting edge technology platforms for web, mobile and tablet devices.
Using Digital Clarity's application in the Marketing and Social arena, RTG Ventures offers a unique value proposition of intelligent, analytics based technology solutions with the support of an experienced digital marketing team. RTG Ventures, Inc. is an OTC: QB Company. Symbol RTGV.
SAFE HARBOR PROVISIONS
The foregoing contains certain predictive statements that relate to future events or future business and financial performance. Such statements can only be predictions, and the actual events or results may differ from those discussed due to, among other things, those risks described in RTGV's reports filed with the SEC. Opinions expressed herein are subject to change without notice. This document is published solely for information purposes, and is not to be construed as an offer to sell or the solicitation of an offer to buy any securities in any state. Past performance does not guarantee future performance. Additional information is available upon request.
INVESTOR RELATIONS
David Marioni
First State Internet Services
Wilmington, DE.19804 Tel: 302 983 8196
SOURCE RTG Ventures
RTGV Continues Execution of Business Vision With Trip to NIBA & Los Angeles
2012-02-27 10:45 ET - News Release
NEW YORK, Feb. 27, 2012 /PRNewswire/ -- RTG Ventures, Inc. (OTCQB: RTGV) stated in its last press release that: "In November 2011, Reggie James and Linda Perry had preliminary discussions with several companies who meet the criteria and were interested in a joint venture with a public company in the social media space which could evolve into a merger of like-minded entities."
Alongside these meetings a short release was also issued (http://prn.to/AooL65) that described clearly the continued development of the Pulse Station platform. The combination of these last 2 statements and continued effort under extraordinary and often negative sentiment, has culminated in a seismic shift in 3rd party investors and technology companies looking to engage in a deeper way with RTG Ventures, its technology and lead interactive agency.
Speaking on the recent activity, Reggie James, SVP Marketing & Communications said, "There has been significant interest in our unique offering of combining bespoke technology with digital marketing insight that has resulted in us making a trip back to the US to take things to their next logical level."
He added, "As social and digital integration is at the heart of what we do, Pulse Station is already modelling part of its architecture to embrace the need for brands to understand their footprint in this arena as well as other vertical sectors. This has allowed us to broaden our reach in sectors that are in vogue and we will look to push the technology in areas such as sport and fashion."
Linda Perry, Executive Director further commented, "Now that the restructuring of debt is in hand, we attended the National Investment Bankers Association (NIBA) Conference (http://nibanet.org/). The Conference met all expectations. Not only a new network of institutional investors, but people whose sole purpose in attending is to find like minded people for mutual advantage. As a result of our participation, RTG now has several sources of long term funding sources who are interested in our business and who are prepared to invest. Those discussions will continue, hopefully to conclusion, after the next week of meetings in LA."
She added, "Following that event, we are travelling on to Los Angeles to continue the discussions that begun in November. These discussions will include several companies that are part of an overall plan to vertically integrate. The private company which RTG has identified as a JV/Merger candidate will be an active participant in several of these meetings."
In light of potential developments that can change the landscape for RTG significantly Neil Gray, Chairman of RTG Ventures from London, will join the meetings in Los Angeles. Additional efforts will be announced within the next couple of days that will enhance the balance sheet. We also expect to update shareholders through releases on the progress of the meetings in LA shortly after the meetings conclude.
ABOUT RTG VENTURES
RTG Ventures offers Music & Entertainment Technology Solutions and Digital Marketing Services. Harnessing the strength of its digital marketing agency, that has a trusted reputation over the last 8 years, the company has applied its knowledge process in developing cutting edge technology platforms for web, mobile and tablet devices.
Using Digital Clarity's application in the Marketing and Social arena, RTG Ventures offers a unique value proposition of intelligent, analytics based technology solutions with the support of an experienced digital marketing team. RTG Ventures, Inc. is an OTC: QB Company. Symbol RTGV.
SAFE HARBOR PROVISIONS
The foregoing contains certain predictive statements that relate to future events or future business and financial performance. Such statements can only be predictions, and the actual events or results may differ from those discussed due to, among other things, those risks described in RTGV's reports filed with the SEC. Opinions expressed herein are subject to change without notice. This document is published solely for information purposes, and is not to be construed as an offer to sell or the solicitation of an offer to buy any securities in any state. Past performance does not guarantee future performance. Additional information is available upon request.
INVESTOR RELATIONS
David Marioni
First State Internet Services
Wilmington, DE.19804 Tel: 302 983 8196
SOURCE RTG Ventures
One of the team at Digital Clarity (Tom) has had an article published in a big UK business start-up site.
The article is on Pinterest –
http://www.startups.co.uk/pinterest-for-business-what-you-need-to-know.html
Had to take this down from stickies but good to review
More on Pulse Station
The internet allows for artists to take control of their own promotion, sales and interaction with fans without the need for a record label but at the moment there is no single tool that helps them do all of it. Nor is there a tool that allows a record label to track everything that’s occurring with the artists on their books. Now a tool does – and a lot more. Welcome to Pulse Station.
Developed by RTG Ventures interactive agency Digital Clarity, the sophisticated platform allows labels and independent artist alike, to monitor all social channels as well as model trend data to forecast ticket & merchandize sales allowing a deep dive view of fan behaviour and revenue forecasting. The unique dashboard offers a ‘top down’ view of events that integrate into calendars on both web and mobile devices. Pulse Station offers complete social, visual (video & photo) archive and streaming, as well as audio and analytics integration.
Driving business performance is crucial in today’s creative industries. Understanding how the growth of social media impacts on the success of a project is now central to most management and artists alike. Unlike some existing disparate technology that works in isolation, Pulse Station acts as a complete management tool for everything from day to day tracking of artist’s expenditures to providing reports that help management and their record label make intelligent decisions that will result in more sales, more fans and more exposure.
As beta testing with artists continues, a customer facing website is due mid to late March. Built on ruby on rails, Pulse Station is already modelling part of its architecture to embrace the need for brands to understand their social and digital value in other vertical sectors. As such, the team will shortly be testing its platform in the sport and fashion arena.
http://www.techstars.com/founder-stories-next-big-sound/
http://www.wired.co.uk/news/archive/2012-01/27/musicmetric
No doubt the accumulation is standing out on the chart. Its good to see the company back on its feet and in LA for meetings. Sounds like NIBA went very well too. Always good to meet bankers in that setting. Looking forward to what they have to release next regarding how they will enhance the balance sheet.
Go RTGV
IBOX and Stickies are up to date. Good place to begin DD for new readers
Boardmarks soared about ten days ago from 333 to 411 in a few day period. They then slipped to 400 now on the move again
Your guess is as good as mine. I think this arena is so manipulated to begin with so its anything goes. However the stock held strong. Many aren't budging
Have a good weekend all
This is all very interesting to me as I am getting a lesson from some big traders myself even though I am not trading this. Hope these guys bust it over a penny
Good to hear Orbitz back on this again. Looks like most of the groups that bought this stock a week ago are back in
now that is funny and there is evidence that its true
They obviously believe they will have something to offer a bank between now and the next 6 months.I would think sooner or why would one make such an effort to go there? Still cost a good deal of money between airfare for two people, one from London, hotel, fees etc.. They will meet some influential lenders.
Yes they are attending. A poster called Emily the event coordinator to verify and posted that today. Reggie and Linda are both there and were at the reception yesterday and first day events today and tomorrow as well. They stay in the same hotel with all attendees and presenters. They are afforded the ability to meet all the bankers through the three days. It was quite brilliant imo to be able to arrange this as it saves on manpower, time and $$$ versus presenting.
Hey dude I answered you. I read the pr and deduct the note is stopped. I have no other info other then what's in the pr. The filings are proof when they come. Just like last March everyone questioned the pr stating the note was paid. A filing came and proved it. Quit saying I did not answer you. If that is not good enough for you too bad wait for the filing.
Keep abreast of future pr's and filings for your answers. They are fully reporting. Every company in a start up mode seeks long term funding with favorable terms. With the recent news they have bought themselves some time to execute their business and attract investment. That would be huge news if they can execute their business far enough to attract that kind of investment. Spotify was in debt many millions before a big investor injected a large investment which basically turned them into a billion dollar overnight. As an example of course. We are also looking at the potential of a JV/Merger as per a recent pr. That potentially could change the landscape significantly. It is all about execution now or not
http://dealbook.nytimes.com/2011/02/21/spotify-raises-new-investments-at-1-billion-valuation/
happy trading everyone will check back in late tomorrow
Wonder if todays volume sets off any alerts this week. Looks to be a great day for consolidation. If a run on a penny stock continues after its first big initial move it usually it takes three days or so for solid consolidation before the next move. Many times the second move its swifter.
Kop QT and all thanks again for the RTGV coverage last Sunday still getting correspondence from people that tuned in. The exposure helped tremendously. Chart and trading looks like its setting up for a much bigger move. Solid consolidation today. I think your guys call is looking good
RTG Ventures Restructuring Debt With 6-Month Window
NEW YORK, Feb. 21, 2012 /PRNewswire/ -- The Board of Directors of RTG Ventures (OTCQB:RTGV.PK - News) has been in negotiations to restructure its remaining short-term debt subject to equity conversion to ensure a six-month hiatus from the debt conversion which has been taking place since mid-September. The new contractual terms will contain that provision. The Company's intent is to pay the debt in full, in cash, on or before the six-months forward due date. This intended action replicates the Company's strategy as one of the short-term financing tactics utilized during its first year of operation. In fact, payment of RTG's first six-month debenture incurred in September, 2010, and was fully repaid in cash in March, 2011.
The new arrangement is a milestone for RTG, as it was the last vestige of the "perfect storm" which took place early last Fall and which the Company had no ability to control or stop at the time. For the benefit of new investors, a bit of historic perspective: In August, the Company embarked upon the first leg of an Awareness Program which ran for the month with the anticipation that CloudChannelLive would be ready to launch coincident with a celebrity endorsement and long-term financing. The Awareness Program was undertaken as part of a long term campaign intended to broaden the shareholder group to include more value-based, long-term investors. An Awareness Program was selected as a better option than a Share Buyback Program considered earlier as its impact would be more positive and longer lasting. The strategy was well-thought-out but unforeseen delays took place with the outsourced technology development, the result of which required the Board to totally reassess the way forward. A decision was made to focus on Digital Clarity, which emerged from the first year of operations as cash flow-positive, to include new, short-term revenue generation concurrent with bringing all technology development in-house under the aegis of Reggie James and his technology team.
Therefore, in the space of a week, the CEO left the Company, the product was delayed and being reassessed in-house, the long-term funding was no longer available, and the second in a series of five convertible debentures was due. For the next five months, until now, the Company has been positioning itself to build on the formidable presence of Digital Clarity and create a streamlined version of the Cloud Channel proposition, while identifying pragmatic revenue streams, with technology development around the core and vision of Pulse Station. Pulse Station will incorporate aspects of Cloud Channel while enhancing Digital Clarity's offering in social media. Potential partners and clients to whom the "pivoted" product was discussed last November saw Digital Clarity as being First Mover with a differentiating product and services offering. In a recent New York Times article entitled "In Tech, Starting Up By Failing," the comment was made: "To pivot is, essentially, to fail gracefully. While the term has been in the start-up lexicon for decades, it is coming up more often in the current internet boom, as entrepreneurs find that many investors are willing to keep the money flowing even if a start-up takes a hard left turn. 'Ideas are like lightning in a bottle; if a company is small enough and didn't capture lightning on the first try, it makes sense to try again. The art of the pivot is to do it fast and early. The older and bigger the business, the harder it is to change direction.' --comments from one of the founders of formidable venture capital firm Andreessen Horowitz." It has been a painful, but enlightening journey. RTG's Board is counting on a bright future; however, because structurally, RTG now has a very low debt position, with only friendly financing in place and business-wise, it is now in the right place at the right time.
Now that the restructuring of debt is in hand, James and Perry are prepared to begin to release additional internal and external developments through press releases over the next few days and weeks.
About RTG Ventures
RTG Ventures offers Music & Entertainment Technology Solutions and Digital Marketing Services. Harnessing the strength of its digital marketing agency, that has a trusted reputation over the last 8 years, the company has applied its knowledge process in developing cutting edge technology platforms for web, mobile and tablet devices.
Using Digital Clarity's application in the Marketing and Social arena, RTG Ventures offers a unique value proposition of intelligent, analytics based technology solutions with the support of an experienced digital marketing team. RTG Ventures, Inc. is an OTC:QB company. Symbol RTGV.
Safe Harbor Provisions
The foregoing contains certain predictive statements that relate to future events or future business and financial performance. Such statements can only be predictions, and the actual events or results may differ from those discussed due to, among other things, those risks described in RTGV's reports filed with the SEC. Opinions expressed herein are subject to change without notice. This document is published solely for information purposes, and is not to be construed as an offer to sell or the solicitation of an offer to buy any securities in any state. Past performance does not guarantee future performance. Additional information is available upon request.
Investor Relations Contact Information
David Marioni
First State Internet Services
Wilmington, DE 19804
Tel: 302-983-8196
EpicStocks in the house again that's good to see
One thing I noticed which I believe is a good sign. We spiked from 333 boardmarks to a high of 411 in a period of a few days. That is a significant rise . We have maintained 406 of those despite all the quick traders that were here. Those exiting appear to be being replaced