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I bought a small position here, but think I'll wait it out before I buy more. I find it kind of strange that 2 dead companies are suddenly rising from the dead with very similar game plans. I'm not saying it is impossible...nor that it's not real...just got to go with my gut. Hopefully I will be chasing come Friday. GL!
Otc is not investment grade...but every now and then one shocks you.
Depends on who you ask. Most here would tell you this is just the end of one company about to become a new company. Small O/S...small float...billiomaire philanthropist is now owner of the company and is, by far, the majority share holder.
Others will tell you the billionaire is going to piss away owning the shell and all of his shares and let it dissolve by the end of the week.
My opinion...option number 1 is how a billionaire becomes a multi-billionaire. Option number 2 is how you become homeless. Up to you.
Actually, nobody cares what firna thinks. What matters is that OFFICIAL govt agencies are receiving the paper work and making the changes necessary to move forward. As you'll see on wyoming's site...mr wang is the official president here too.
https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=217161243108068011203050228075228024036162237117
So how hard will it be in the future to slide this into Nevada's entity? Does firna have to approve that? No. They'll just get the press release from wang like everyone else when that happens...then your wonderful firna can officially report it.
And this is a cheaper and easier way into that ball game. Why do you think they created this entity in nevada when wang bought this?
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=Q1n7TXpdWAOEA8b%252bgfSZyg%253d%253d&nt7=0
Why do you think the most recent 8k came from China headquarters? This is happening and you can cry firna as much as you want.
Actually that's not insider info at all...it is just great dd. Did he give specific dates or times specific information would be released? No. Did he give specific numbers for financials which would give us an idea of stock price? No. Did his information in any way do anything to this stick price other than convince a few fence sitters to buy in? No. His information on the company is the same as you saying "some are calling this a scam". Might influence a few fence sitters...but is in no way inside info.
I'm not worried. I'll add more shares this week as everyone jumps ship simply because...as stated on www.IRS.gov...
"The net operating loss will die with the Corporation when dissolved."
If Roche doesn't turn RVUE into a new entity before it officially dissolves, he will lose the 2+ million dollars in shares and loans he has put into it...and he will lose the 15 million dollar NOL.
If I'm reading the "unaudited" document right...this thing in its current state has:
-93 million shares outstanding with converted notes as of Feb 2017
-That number doesn't count the 14 million shares the company converted in 2013
-There are still $140,000 dollars in notes waiting to be converted into shares.
-The company is 4.5 million dollars in debt and has a working capital of negative $162,000.
I don't know who Itav Avital is...and there isn't much on the name around the web...but I hope he can bring something incredible to the table to pull this thing out of the hole Khourey put this in. However, Avital has been the president, secretary, director for 7 months now...what exactly are we waiting for?
He very well could malc...which means I would have to steal A LOT of towels from the different cache hotels I stay at over the next 5 years.
Well, as discussed before. Mark is only allowed to talk about RVUE in the form of a failing advertising company. So, obviously he is going to tell us that the company is no longer operating and that the corporation will liquidate in the near future. And he is 100 percent correct. RVUE is done. Roche Enterprises is just beginning.
Like you, I believe that it will all come to light in the form of a new entity very soon. Nobody puts 2 million dollars into a venture and then just shrugs their shoulders and walks away.
Mark must be on automatic pilot now. I sent him an email asking if he still held his 9 million shares. He put my name, followed by the same response verbatim of what he gave another guy on here. The ball is in Roche's court now...and we won't know anything until Roche opens the door.
"Mike, as reported in rVue’s recent press releases, Roche Enterprises foreclosed upon its loans to rVue Holdings, Inc. and took ownership of all of its assets. rVue, the corporation, is now an empty shell with no operations and no assets. It remains owned by shareholders such as yourself and Roche Enterprises, which owns approximately 53%. However, the corporation is no longer an SEC-reporting company after having ceased reporting in November 2016, so it is not really a “shell” in the securities law sense. Regrettably, we do not see any means of generating any proceeds for distribution to shareholders, and the corporation will liquidate in the near future."
--
Mark Pacchini
President & CEO
Sent from my iPhone
The question is...do they have to reveal before the current company dissolves? The only thing I've found worth noting is old news...
1) since february...pacchini has been a signatore for both rvue holdings and roche enterprises, ltd. He can sign any form representing either entity.
Why is this under a penny? It's so far in debt with no chance of getting out that the only hope is to kill it, make it an empty shell, and sell it in a RM. I'll wait until the stock price is at .0001 before I buy for that kind of gamble.
From the PR...
"The Company has incurred operating losses of $344,018 during the three months ended March 31, 2017 and has an accumulated deficit of $3,497,809 as of March 31, 2017. In addition, current liabilities exceed current assets by $2,126,729 as of March 31, 2017.
Management intends to raise additional operating funds through equity and/or debt offerings. However, there can be no assurance management will be successful in its endeavors."
He lost the NOL? You might want to check that.
And I'm that dumb slob. I'll be so disappointed in myself when I watch it go to 2 or 3 dollars.
Haha! You made me look Z. There have been times he makes comments like that and then he follows it with a smiley face because it just happened.
And rvue was a failure...mark will tell you that everytime...he still represents rvue in its failed state and that's all he is going to reference to. However, you need to look at the bigger picture and how this played out. If this was truly done why didn't roche declare chapter 7, cancel shares, and auction off the assets to highest bidders to try and recover some of his money? Instead, he paid another 100k to keep them. That tells me one of two things. Either there is something else planned and coming here or roche has lost his mind and needs to be committed before he destroys what he has built.
You really think Roche's friends...who all have businesses of their own...have relationships with other vendors...and are most likely leading busy lives are keeping a close eye on what one of Roche's many businesses are doing? They have better things to do. This has been under the radar for over a year now. The auction was a prime example of just how under the radar this is staying. GL
And the next news will be the PR that launches the new company. I'm just hoping roche doesn't wait until July 20th to do it. I don't know the rules? Maybe rvue has to completely and officially dissolve before the new entity kicks off?
One thing is for certain...the 30 day dissolve date is coming fast. I'd like to see Roche just pull the trigger SOON...but if he doesnt...a lot of faith will be tested here.
1) do you believe in the dd and have faith that this will become a new entity while keeping the current share structure?
OR
2) are you unsure of what you hold and sell out fast to try and avoid being caught holding the bag in a dissolved company?
I'm in it for number 1...there are a lot of reasons to believe...for me it's the simple idea that I can't see a man throwing away 2+ million dollars. GLTY!
He could very well be adding onto his family's share count to help set them for the future. All I know is that anything that comes from Mark is going to be about RVUE as a failed advertising firm about to dissolve...because technically, until it is gone...he is still committed to that entity. If he does know what's coming...he isn't going to or isnt allowed to say.
So you're saying the float is now 47 percent of the O/S?
Mark has been doing this for 30 years. He uses wording to tell you what he can. Rvue will liquidate in the near future...and become something new. Right now roche enterprises and yourself own 53 percent of the shares...roche himself owns the rest. This company isn't going to create any new revenues for share holders...but the new one will.
I suppose if I had spent 2+ million dollars of my own personal and company money over the past 2 years...I would see what a 15 million NOL would be worth too? Let's say a multi-billion dollar private company wanted to buy it for the 15 million NOL tax break. They might be willing to pay 5 million to get the shell and the tax break. Roche gets his money back and becomes 3 million dollars richer. But we all know the outcome of that now. Roche owns it and if he didnt have an intention of doing something with it...he wouldnt have paid another 100K to keep it. He would have given it to the highest bidder and taken his losses. It is just talk that he is going public with roche enterprises. It might become roche holdings and roche sticks 1 or 2 businesses in it each year as he feels fit to use investor money to help fund his ventures. I'm still a little shocked and a bit disappointed that he hasn't already launched the next step. It's been 18 days since the auction ended.
I could just say you're wrong...but I'll go ahead and tell you why...
1) If this was dead, it would have filed for chapter 7 bankruptcy and just died selling the assets off to the highest bidder and all shares being cancelled...instead...roche paid ANOTHER 100,000 dollars to keep it AS IS.
2) Roche spent 2 million dollars of his own money buying shares over the past year and he isn't just going to throw that away.
3) The last pr says that roche plans to continue rvue in a different entity.
Bottom line...this was a real company that failed...but rather than being over...it is about to get a 2nd chance at life and anyone holding is going to profit from it. Roche has a lot of ideas and a lot of interests when it comes to creating businesses that help people and the environment. I cant think of anything that would help him achieve these goals more than taking his empire public and using investor money to help him expand his business opportunities worldwide. Guy is borderline genius when it comes to business practices and investing. He isn't throwing his 2 million in shares away...he isn't throwing us away...he is keeping it all and taking it in a different direction. Good luck.
I think this thing just churns until July 17th when the 10 million offer to employees ends. Then I think we see updates and much higher pps.
Saying that wall street would have been all over this and it would have been dollars a long time ago is the most incorrect statement ever when it comes to the future of certain stocks. Market makers are around for 2 reasons. 1) to make money. 2) to make sure a stock doesn't get out of control by letting one person buy it up and then sell it at 7 times what it is actually worth.
Mms have been holding this to a certain price twice now that I have seen. And why would wallstreet be all over this and have it at dollar already when they don't know what the share structure is or what the new business is going to be? Go back to school.
I don't think we are too far away from seeing them disappear forever. Of all the stocks I've ever played...i don't think I've found one this obvious. Even if roche sent everyone here 1 million dollars to buy out shares...there are people here who would call it fake money and throw it away. There's a reason some warning signs exist on devices you would never think of using in a certain way.
Youre right...magical turd that's going to make a lot of people a "shit" ton of money.
Ya...i bought as much as I could today. And for me...it's not even about the reputation or screwing people over...it is the idea that he spent nearly 2 million dollars of his own money buying stock in this...spent over 500-thousand of his company's money keeping it alive...he isn't going to throw that away. I wish I has more money.
I still say mms holding this thing at .022 today...anything sold below that is panic selling by traders...i see a big bounce coming soon.
All I see is mms holding this down at .022 before the big bounce. Why? I don't know...but sane thing happened at a penny
This almost feels like the .01 scenario...mms holding it at a certain price before the boom?
I'm not sure to be honest. I don't think insider financial is a promoter...but I've been wrong before.
The INSIDER posted this article about 7 hours ago about RVUE. They too are predicting this thing has a good chance of flying sky high soon.
https://insiderfinancial.com/rvue-holdings-inc-otcmktsrvue-banking-on-roche
I like the food...im still hoping to call myself a millionaire for the first time ever before my 40th bday which is a week from Friday. I think RR has laid all the ground work here to pull that trigger tomorrow. Let's face it...the last pr had this thing right on schedule if there wouldn't have been interest from a few other companies to extend the process. I think the next PR sends this thing to dollars. The only way that doesn't happen is if it becomes Roche Holdings. While we know it will be something great...we won't know what roche holdings will have in it compared to if he makes it roche enterprises. Enjoy your 4th!
I was just seeing if that was really paint...got my 215,000 share filled. I'm sure that will be another 1.3 million dollars by the end of this week.
Wow! My L2 doesn't even show that bid from arca...shows the 78,000 from cdel...my scottrade doesn't show that 254,000 ask either?
Is there some significance if arca was there or not?
Interesting. You would think this stock would be flying much higher by now. I have a small position. I suppose we will see if there are more than just fireworks in the sky come next week.