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.
Those who cant . . .
I guess you can't read the post with the glowing recomendations, the huge projections.
I own a company. If I made the statements management made I would expect to be jailed. This looks like it is going to happen to all of them soon.
Do you get on a board that has madoff investors? What is the difference here? Some of the players are already under investigation or did you forget to read that also?
This the last comment to you. This is a waste of time.
1. Who are you?
2. What is your business on this forum?
3. Have you ever invested in stock?
4. What is your business background?
I thought so . . .
Lou you are talking out your a$$.
Here is what brought me in, full of falsified financial and other informatiion. This "company" didn't even have an annual stockholder's meeting, therefore it is not a corporation. How about the distribution plans? The 600 TV ads? NADA pump and dump.
Company: Rudy Nutrition (RUNU.PK)
Yahoo Finance: http://finance.yahoo.com/q?s=RUNU.PK
Company Websites: http://www.rudynutrition.com/index.html
This week's pick is RUNU, a company whom's CEO is the famous Rudy
Ruettiger. I'm sure Rudy needs no introduction but let me explain
what this amazing human being has already accomplished...
He created the movie RUDY that was released by Tri Star in 1994.
It is the story of his life and his pursuit to follow and achieve
his dreams.
He is the author of several books that are sold in Barnes and Noble.
Rudy's talent as a motivational speaker is also in high demand. He
has a client list a mile long, some of his clients include:
Xerox, Allstate, Sprint, Monster.com, and several others.
No one can deny Rudy has star quality... Just watch his promotional
video available here...
http://www.rudynutrition.com/promo.html
And Rudy's next challenge is to take over the energy drinks market.
His company "Rudy Nutrition" has spent the last 3 years ramping up
to release their new age beverage.
Rudy's beverage will be released in 4 flavours, Blue Fuel, Fruit
Punch Blast, Citrus Slam and Orange Lift. Have a look for yourself...
The company is expecting sales of 10 million within the next 3 years,
And this is off to a great start with RUNU just securing sales and
distribution in all 50 states.
Just watch as Rudy talks about his plans...
Possible Good news:
March 18, 2009
I.R.S. Plans a Deduction for Madoff Victims
By LYNNLEY BROWNING
The Internal Revenue Service will allow victims of Bernard L. Madoff’s investment fraud to claim a lucrative tax deduction related to the bulk of their losses, the I.R.S. commissioner testified Tuesday morning before the Senate Finance Committee .
The commissioner, Douglas H. Shulman, told lawmakers that the agency was offering guidelines for taxpayers who are victims of losses from Ponzi schemes like Mr. Madoff’s.
The plan represents the first time that the I.R.S. has come forward with a policy regarding how it will treat Mr. Madoff’s victims. The subject has been a point of debate and anxiety for the victims and their accountants, given the uncertainty and lack of clarity in the tax code over how the matter should be dealt with.
The plan, which applies to victims of all Ponzi schemes, is likely to provide major relief to the victims of Mr. Madoff, who pleaded guilty last week to orchestrating what prosecutors say is the largest Ponzi scheme ever — one that could reach $65 billion and cover 13,000 investors.
The plan would ease existing rules governing what are known as theft-loss deductions, which are losses claimed by investors who are cheated by their investment advisers and others in Ponzi schemes and other frauds.
Under the plan, which has been reviewed by the congressional offices, the I.R.S. will allow investors who are not suing Mr. Madoff to claim a theft-loss deduction equal to 95 percent of their investments, minus any withdrawals, reinvested gains and payouts from Securities Investor Protection Corporation, the government-chartered fund set up to help protect investors of failed brokerage firms.
Investors who are suing Mr. Madoff, and who thus may have some prospect of recovery, can claim a deduction equal to 75 percent of their investments.
The I.R.S. is also relaxing the rules on how far back the losses can be carried. Current theft loss rules typically allow loss to be carried back 2 years and forward 20 years, but under the plan, the I.R.S. will allow losses to be carried back 5 years as well as forward 20 years.
Under the plan, investors must claim the loss as having happened in 2008.
This is the method my brother used to take over a homebuilt airplane company. My opinion is we need to do something. The sooner the better. I have over 845,000 shares and I'm in at .08 per share after reverse split. That is all of the info I am willing to volunteer at this point.
The major problem with this plan is who will run the company. Anyway a plan is better than no plan.
Has anybody heard anything?
Isn't today the day for the RUDN Merger?
Tommy Chong is out and touring with Cheech. They were in Austin last month with a sold out show. Now that there is room 1 scammer neeeds chong's cell.
Their balance sheet is a joke. Read about other assets. They are counting their website, goodwill, distributor lists twice. That total is about 9 mil to deduct from their negative net worth. How can the SEC allow this?
This gang makes Rudy look like a newbie.
This sucks we have even lost our moderator.
It would have been nice to know this then. This is before I invested a penny in this fiasco.
If the company followed all of the rules that would be true. Pursuing civil and criminal actions have worked in the past when someone is individually liable.
It may take a while to collect, but if there is a significant income source that can be attached then recoveries can happen.
Bingo.
If we can make a criminal charge stick we can have the feds pursue at no charge. I want my money back, but I don't know how much I'm willing to spend to possibly get it back.
Another thought. If I was to sell my company I would have to have ratification by the stockholders. The majority stockholder(s) could approve the deal, but that leaves another mess with the minority shareholders.
I still don't remember any stockholder meeting of any kind. How can you sell a corporation that doesn't exist because you didn't follow the rules?
Gorudy is on the correct path. We should NOT try to harm his reputation until we know we are getting screwed. If he buys us out we are done. Otherwise we need to band together and hire one lawyer and share the costs.
Harming his name will harm his cash flow and assets that could be ours after the mess is sorted out.
My brother ended up owning part of an aircraft manufacturing company after the owner flaked. It would be justice if we ended up owning rudy when and if it takes off.
I have been watching this board for about two months. I have also been led down this road by Rudy's management team. I own 100% of a corporation. If Rudy is skipping out on us he has a big problem.
You create a corporation to shield yourself from liability. If you don't file your reports, pay your state's franchise tax, have board meetings and have annual stockholders meetings the protection vanishes.
I have emailed them twice over the last three months asking when the annual stockholder's meeting is going to be held. No response. No corporate veil. Class action lawsuit time if the stock goes away.