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Any valid shareholder would know the company details if you were in contact with the company or your broker. Not to mention that the RV website and facebook have lots of updates about operations.
quickfix-
The photoshopped pic shows a black male with same name and the birth date is wrong. The file you found for Scottsdale Arizona will show a male, 33 and has copy of his passport saying 33. Peterson is a common name and I'm not going to go into the details of how stupid this all sounds going with any other explanation. Get the court records from Friday and spend the ten bucks. Whether it is valid or not. A DUI over a decade ago when the guy was barely legal drinking age is not my concern here. An inside trader who was the CEO's friend is my focus because whatever problems they had together seem to be spoiling this investment for people as me who have nothing to do with their personal matters.
Mugshot is a bogus or photoshoped. A few reasons why. AZ civil court public records I received show a copy of passport from RVPL CEO Peterson provided when he filed the suit against that smuck. He looks nothing like that photo and neither does the images I found of him on Google. The image says age 22 in 2001. The passport of CEO shows that he is 33 and born in April. The offense that is on this bogus image does not match up.
The website that they photoshopped image from has no record of the CEO in their database.
http://www.bustedmugshots.com/search/?first_name=cary&last_name=peterson&state=MN&referrer=homepage
MORE LIES. I am not convinced guys. This looks like more top whoppers. I've had enough of this stupidity. I'm thinking about filing my own report on him and whoever I suspect causing RVPL shareholders problems like this one.
Blah Blah Blah Follow the audit and the valid content. A yahoo email or whatever is not anything I follow. That is about as legitimate as a tabloid magazine at the grocery store counter. I have a small amount invested. Its not worth my time to search more than what it is. Nobody does anything fraud with international government to not make a dime. You guys are very ignorant to assume so. The industry is not an everyday happening with OTC markets and if you're an average Joe you probably cannot understand anything about foreign politics or what it is all about to make logic of it all.
Follow lawsuit against rogue friend of CEO. That is all I have to say. I'm going to be tuned in with what surfaces from court this week. I think this person has more fault in RVPL problems than we know as shareholders. Why would the CEO sue him and try and get a protection order personally and not for the company? That is the part that is ??????? I do not know either individuals directly but I can tell you that something smells and it is not anything foul with RVPL or the CEO. The actions by the Marvin guy lead me to feel he is part or all of the problems with sec and maybe more. You have a personal conflict that is affecting our investment into something that overall was a good deal. I have nothing more to say to you guys until Monday. I just had to shed my two cents after getting a ton of notifications about this situation.
FYI Bill Clinton and George Bush have a foundation in Haiti and are had a slow time getting the funding to get going. The entered a contract in March 2010 and didn't get the ball rolling until December 2012. So our former US presidents are running a scam and have fake contracts, too. Please use this blog to address valid points and not starting rumors and spam.
http://en.wikipedia.org/wiki/Clinton_Bush_Haiti_Fund
Way to go! Lets get the show back on the road first. 10K + 211. So new stock in the float wouldn't hurt also. No liquidity and less than 100 shareholders will make it hurt to produce a multi dollar stock. Guessing you bought in early when it was 50 cents a share this time a year ago. August 1, 13, and by Labor Day should be the targets. Not to mention their next 10Q for 7/31 is due shortly after that.
What good are questions here? Email the company. Preaching the choir on here. IVTI didn't have an 8K. Just a news release. It was a letter of intent, no a material agreement. If the auditor retired then he just did. Why does it matter. I looked up the auditor and he actually did retire earlier this year. Your best bet. Want questions answered. rvplpr@ecco2.us or legal@ecco2.us to send your questions. They've responded to every question I have sent them so far over the past year.
@Regulator and D/D on RVPL. I did some background on everything and everyone I found tied to RVPL. CEO is a young shaker and mover. He was in a news article a few years ago for donating money to a green foundation. He was supporter for the current president of Haiti before the guy won the election in 2012. He clearly spent more money building Ecco 2 before the RVPL deal. Tells me the guy and company are for real. They evolved about 4x even before going public. You help a guy become president and he owes you a big favor I would assume. That is the entire deal. If you guys do not see that you're blind. Stop all of the lawyer talk. The only person needing a lawyer is that boob from last week selling stock online without a broker (chuckles).
Not to mention True scams and frauds would never play around with federal government like that. That is a death wish. You guys need to calm down. This is Wall Street. Penny Stock Avenue is about risks and diamonds in the rough. You all are barking like you invested $5 a share and you lost tens of millions (chuckles). The idiot who posted on this blog a few days ago was crying about $5000 in stock. I lost more than that on a tech firm with a stupid mobile app. Get a grip and get a life. And if you feel $1000 in stock for a rare stock offering is a scam get a new hobby. If that's the case Powerball, state organized casinos, and 401k plans join the list of scams, also.
Lawyers for what? This is a blog. Fraud or whatever. Frauds and scams there is money made. No money was made here. We all lose money or we all make money together. The stock I purchased or whatever you purchased made RVPL $0. Therefore, I feel that yelling fraud and scam are quite stupid at this point.
Yes Secret Service. Foreign government contract with a federal ministry is like doing a deal with the US Dept of Energy or EPA. Federal ministers are equivalent to federal secretaries in U.S.. If the embassy or consulate of a foreign country discovered a bogus situation defrauding their country they would make legal action on it asap.
I cross checked this a long time ago. Try contacting the Nigeria embassy or Haiti consulate to find out for yourself. They will tell you that they know about the agreement and will verify that the stamp and signature is authentic.
Sure I have seen mining companies in PNG, Fiji, or Africa that are with some XYZ private company. Every company in RVPL contracts I can find on a UN website or they are government. What else were they supposed to do about this matter?
8K Contracts are extremely valid. Each 8K contract was with a federal government agency. Each party in contract is either a affiliate of UN or some Ministry of something or office of Foreign Affairs as stated in Haiti contract if you translate the French.
If they contracts were bogus the Secret Service would have detained the CEO or whoever was responsible for faking something this extreme. All of the people in the contracts are either a friend of the CEO on FB or you can find them in photos together. If these were indeed bogus I doubt CEO/Ambassador Peterson would be standing in the same photo with them. Let's use our common sense here.
Some of the posts about RVPL and its activities are right online for anyone to find.
Guys Think about it. As of today the company has several standby dollars that will not materialize if they do not do what is supposed to be done to collect. I do not see any reason why anyone would go out of their way to invest their own monies and waste time for a few years to go public and lose big. People do not get into politics to go broke. Africa and Haiti are contracting gold mines if you have the right connections. This will work out fine I predict and we will see the light on the other side of tunnel that is not an oncoming train (chuckles).
What liquidity do you refer to? Right now I cannot even pick up 500,000 shares at a penny. I could not buy 100K shares at a nickel a week ago. Where is the liquidity?
True. GCB deal was a consulting agreement. It was a lobbying firm that went to DC and got companies money from Congress with no guarantee of the amount. I suppose that is why the contract stated "up to....". They could have raised RVPL $100 or $100 mill. I'm sure GCB chose RVPL due to a good story but they usually ask for funds up front like any lobbyist. If the company was not trading, no significant placements, and await financial aid on their standing agreements in high risk countries that are probably hell and high water to insure and bond why is it that you think the company had an extra 500k to $1m to advance a consulting firm when they annual audit fees are due? I inquired, also. But when I'm told the contract is voided I'm going to assume it was for a valid reason.
HAHA! The shares out there are quite obvious. Lets see. Mr. Inside Trader boasted 440,000 last week. Emerging Growth, a former stock promo who shorted back in Jan and Feb publicized that they received 2,000,000 at one point in time. There were a few of us on here that had 100-300k shares. Under 80 shareholders. There is your 4 million shares people. Not enough in the deck to build a house of cards (chuckles).
RVPLPR tells me about GCB and IVTI deals and status. I am told that the changes with any business affairs will be updated in 10-K. The said that new status would follow back they were not allowed to convey this information to public as of yet.
I'm going to remain patient until given a reason to think otherwise. GCB deal and some letter of intent for a school in FL do not make or break this company's infrastructure. The fact that there are standing contracts with countries and sponsors for UN financial aid to support the business model.
I've seen enough OTC companies to know a sinking ship and a dark horse or bubble. In 2001 I saw my fair share and again in 2006-7. The company here is under-funded and in a transitional period. With less than 3% of company in the float what did you expect? They don't appear to need the money from the raise because the stake holders have little to no liquidity out there. I smell a sleeping giant. Not sure why but my gut tells me based on my research that something is about to surge.
If a contract was signed and filed and they decided to cancel or amend it the next day then that is perfectly normal. It happens everyday. I would assume any new or voided agreements will be stated in the 10-K.
The company you just mentioned was simply an agent, a middle man to GCB. The contract I read and everything on SEC clearly states that. If RVPL and GCB decided not to work together after all I'm sure we will see the updates in the 10-K.
Stamp signatures from CEO big deal. The agreements were manufactured. By the people who signed them. Again- stop showing us how smart you are. Go out and forge or produce some type of bogus contract with some African country right now and name their federal government officials and United Nations in it. Next go file it with SEC of all places. Let it be fake and you would have Secret Services at your door before close of business when you filed it. Let's use common sense here.
No call no show would make me worried. To show that they're working out any problems the same day the mess shows up tells me they are not bailing. There is nothing to ditch. Core investors walk away today and the pubco side of Ecco2 is a total loss. Call me stupid but I doubt that is why people go public.
That is their publicist not IR. The last IR guy RVPL had was Emerging Growth. Those a-holes shorted 1-mill plus shares in 6 weeks earlier this yes. These guys probably made more money than any of us who invested (nothing to laugh about). Their web site stated that somehow they received 1 mill free shares from someone and not the company. Maybe the guy who was trying to sell his stock for half of the ask on this blog knows about it (chuckles).
Quite contrary. Its starting from scratch in a since except for the fact the company is fully reporting and not a shell. I doubt the CEO gives a rat’s ass about OTC and is more concerned with just being fully reported. The right sizzle and they'll be selling bonds for this company pretty soon. They OTC is not really the place for a company like this. Anybody who has stock now should be considered blessed. There was 3% of stock available purchase. I am surprised the SEC even gave a damn to write u a formal complaint on this company. RVPL is a dark horse and not worth anything on the stock market this very second. Their Material agreements and intellectual properties are the gold. Why do you think all of us on this blog barely have any? (chuckles) If this were a PND scam there would be 80 mill shares from May shorted at $0.03 a share and that’s all she wrote. I doubt the UN partners or CEO want to hand over a gov contract for $90 mill in exchange for $1 mill. That isn't enough to fill their orders or pay their workers let alone themselves.
You sound like a shareholder with a vision. I would say you sound like a friend of RVPL or the CEO but we met him already a few days ago. (triple chuckles) I use to see 10-day suspends when the stock biz was all email spam to pump and dump shares with bogus stock tips. They would suspend a company a couple of weeks for spamming and then they were back at it and moving again. Rules got a bit more strict over the past few years but they should be able to get 211 and 10K finished around same time.
By the way- I saw someone post about DTC status and FYI. They never were DTC'd. Buy stock from them today and they're sending the certs to broker to transfer agent to broker via Pony Express. Takes about a week to get the trade completed.
True 10Q/A valid but if the auditor vanishes and they are shopping for a new one and by the time the hire the new guy the annual is due no use in doing a 10Q/A. Just mention the correction in the 10K. As of now there was no revenue on the books. Just debt, so it really makes no difference. The A/Rs are tied to the 10-year contracts I take it based on what I read on the first page of the 8K for material agreements. This reminds me of when my barber retired and I looked like Tarzan this time a decade ago. I looked like a band member from Bon Jovi until I finally found a new barber. (chuckles)
You got me there. I'm just a stupid daytrader (chuckles)
RVPLPR told me that their old auditor retired. Maybe the poor old guy slipped up on his final jobs. My folks were accountants and now that can't remember where the remote control to the TV is. Poor fella. It happens. I looked at the last Q and caught a typo but it was a few grand. In the 10K they can clean that up. I'm not worried about it. I am sure the new auditor they are using will make the annual report squeaky clean.
Scam? Fraud? Are you serious?! I take it you haven't read through the filings to see the stock issued and the trading history. There were about 4 million shares from original S1 reg in 2010. There are 120 mill shares outstanding. Almost all of them are beyond the holding period from issuing date and should be able to free trade now but are not. Needless to say that less than 3 million shares have traded over the past 14 months. Under $500k total. The CEO purchased the control block for $300k in May 2012. He can't sell his control block for a year because he is an affiliate and the company was a shell until May 1 of this year and not to mention he has to hold 5% of company or more. That means there's no way this guy has probably sold one share of RVPL stock. How do you call something a scam with the head of command is sitting at a loss unless he collects and is banked on his contracts? Where is the scam? I'm really lost here.
I am sure RVPL CEO is not telling all details of the conversation. I notice he used the term 'conference call'. Meaning more than two people on the call. The topics in question were the financials. The company stated as accounts receivable and no revenue. They were playing it safe here if you ask me. Enron did contracts and stated them as profits from private companies and not government. This was done to make the books look sexier to boost their market cap and share price. RVPL didn't pursue this route. They are billing for a contract with a long / slow paying client. This is not uncommon in contracts with the city, state, or federal government. Overseas business probably even more complicated. Insurance companies find these places high risk. I think only ExIm and World Bank even cover these high risk countries. The CEO taught us all a new word today 'telephonically' and I saw a post mocking it. That made me look it up and by surprise it was a real word. I do not want to act like I know everything and look the fool. I say we give this a shot and hang in there. So far CEO has not been wrong. If they miss the 10K and do not file the form 211 with broker then I will be on the exit side of things. As of now I'm contempt with what I have observed and researched. These blogs post a bunch of silly thoughts and irrational statements.
I will take a wild guess that the Marvin Top Whop guy who was posting BS about CEO all last week has something to do with the suspension. The guy is being sued by Peterson. He filed a civil protection order against Top Whop and for what reason? I called the court and ordered the complete court records. This Marvin guy was a family friend of Peterson who seems to have purchased some stock and is upset because he's had up for the money. Don't we all wish this would hurry up and take its true shape on the boards. From what I read about the personal lawsuit that the CEO filed against this Marvin Valento is that he is a big RVPL trouble maker. Things just do not add up here. The lawsuit came a day before the suspension. I smell something foul. Top Whop posted 3x trying tell solicit 400k shares for less than half of what the ask was before it fell to a penny. He seems to have good timing and know something we don't. Maybe that is why the lawsuit records show him harassing the CEO for $5k. The guy was sent legal notices to stop and he replied to the CEO calling him the 'N' word and then CC'd it to FBI and SEC. (what a character)
What is your response? I am lost on your previous post.
Going to guess its valid to say if the CEO published such a statement publicly. If that comment were bogus he'd have all hell to pay with big brother. My guess is that the statement was what it was. If there were no statement and no communication with SEC I would be worried. If the CEO and company were able to talk with SEC about the complaint the same day and get some type of positive feedback I will assume that we are in a better space with all of this than we expected to be. My eyes and ears will remain tuned in.
@telephonically
Hey, I doubted it, too but it appears that its a real word. http://www.thefreedictionary.com/telephonically
@CEO Peterson Thanks for educating us on the new term. (chuckles)
No technologies needed for contracting. This is usually by the committee. Going to assume that is who the parties are listed within the material agreements. Laborers, supplies, and equipment are what is needed to finish any of these types of contracts in the countries Ecco2 is active.
Falsifying $17 mill on books and $1.9b in contracts would be suicide. Cary Lee Peterson was doing things in media with Ecco2 two years before RVPL came into the picture. He was in Forbes mag, in the news with the prime minister and Haiti President before he became president, shows up in unfccc.int website for multiple events, even has photos on his Facebook with the same foreign government leaders who are on the contracts filed with SEC. Think about it for a moment. Does someone do all of that and commit sec fraud to make nothing in return. The big payday has not arrived yet. Seems close but that depends on how this matter is handled and cleaned up. I think he will pull through. I also believe that a few guys who caused RVPL harm such as those stock promoters who shorted shares earlier this year will all be exposed will RVPL is under investigation. Good luck to all.
100K shares is all you think? Perhaps you should send your proposition to rvplpr@ecco2.us and see what they tell you. [Idea?]
@quickfix Be calm its really ok. As a BB (now QB) they are only required to report every quarter, which they have done.
ETA for more revenue or hiring is not something the CEO is even able to predict. Stock was in a holding period until last months and no stock is trading. They are limited on cash for payroll.
Government funding programs are slow. Approval for one today means you will probably get a check three to six months down the road. Its like filing your taxes through snail mail after April 15. SLOW!
So far I am satisfied with the updates. The company is building something and there is a real story. I cannot recall hom many OTC companies I have been told about that have no traction or action whatsoever and sold fast from PND promoters and then it was back down to pennies after a few months and no more news at all. Company would go bankrupt. I do not see this happening here.
You can see that the CEO has his life and probably a few million tied into this venture himself. I doubt he and the core investors are going to walk away from RVPL with less than what they came in with or walk out empty handed. Cash is too hard to come by the day/age.
RVPL CEO update from January was on this video clip at
I disagree. Signs of dark horse winner are there. Read the OLD NEWS RELEASES. Even before the RVPL reverse merger last May.
Peterson (CEO) probably is tired of paying for news releases and no stock trading and no affective IR representation. If you read about all of this United Nations business you will realize that RVPL and its partners probably have enough content for a news release everyday.
I don't care for hype stories. I like to see concrete items. An 8K showing a material agreement for $XX mill over the next decade from a government contract means more to me than an announcement that says a bunch of nothing.
Here's another reason why I know RVPL will not bomb and is about to explode in a good way. A few hints.
1. See this old news articles from Ecco2 in 2010 at http://www.jeunehaiti.com/sweet-micky.htm and at http://tinyurl.com/martellyforpresident2010
2. After you saw the link above go to this link http://en.wikipedia.org/wiki/Michel_Martelly
3. In November 2012 there is an 8K filing for a material agreement with Haiti, ECCO2, and UN. CEO visits Haiti a few months afterward and posts pictures of himself in Haiti at construction sites and with senators in Haiti at this link
https://www.facebook.com/media/set/?set=a.42330499f
The old articles are about a man named Martelly running for president in Haiti in 2010 who was working with Ecco2. The Wikipedia profile shows the same man as the current president for Haiti now. The agreement with Haiti and UN happen soon after he takes office and the reverse merger takes place. The latest material agreement with Barnes Group to raise capital for Ecco2 shortly after.
If you guys can not add up the chain of events that Peterson seems to be using as the grand scheme then perhaps we are looking at two different Googles with different Goggles. This guy seems to have been making his move into this for a while. Sure his stock promoters sucked but it has not changed the direction this company was headed over three years ago.
Please tell me if I'm the only one out here who sees what is happening here.
@Oracle - Agreed. This is why I mention the 80 million stock cert. The company/shareholders lost some registered stock. There is less than two million shares from what I can gather, which is about 65% of what is free-trading in the float this very second.
More likely time was lost in RVPL's case. Every time a company has a new IR group represent, you can expect a 4-8 week lead time before they get anything started and another 60-90 days before you can see any type of results. I see an entire year lost on these types of stock hustlers. There are some many wanna-be IR guys running around who think posting a mention of the ticker and company on Twitter or Facebook is going to sell the stock or reason to ask for stock and money as compensation for little to no work. By the time the company discovers they're being scammed its usually three to six months down the line. Probably what is happening here. Luckily the CEO is smart enough not to give up anymore stock that what was dished out already. I've seen 3 to 4 promoters try and push this stock and nothing happened that moved me. I few surges here and there but nothing long lasting.
The initial shareholders associated to 80-mill share issuance are probably the missing link. I assume they waited a year for holding period to fall away before stepping into the public market. As Oracle stated, this is border line flight or flood stages. An increase in shareholders in the float with active stock quotes are what is needed here. Buyers can't even pick up $10K in shares today if they wanted to. Liquidity is needed today!
RVPL Rock and Hard Place. I've researched financials and contracts and think I have a basic idea of what is going on with these guys.
That stock from last year (80 million shares) is a major game changer for RVPL. They need the liquidity for more than one reason.
The receivables on record are from the government contracts. The government contracts require bonding and insurance that runs a few points of the value of whatever they want to factor with a lender. Every $10 mill will cost them about 250K to make bankable. Same situation with Barnes contract. Read up on these Barnes guys. The are lobbyist. The $25m and $4b linked to the most recent material agreement is served with a cherry. RVPL will have to cover upfront fees on either transaction before the big bucks come into shore.
The company has enough liquidity from what I see. Warrant options also. Somewhere this company has to get a cash injection to pay the toll bridge fees. This has got my attention now and I want to help since it means super ROI for me also.
Any body else seeing what I am seeing here? Seems we are at a Clint Eastwood 'for a few more dollars' conclusion. Not a bad thing but action needs to be made. I'm sure this 10K has what I am expecting but these zero share trading days will not make the slate.