You longs must be delusional. They have no working vessels, no assets, are in default on their interest payments and are incurring massive net losses every quarter.
LOL...... who in their right mind is buying 10k of this POS. THEY HAVE NO ASSETS, ZERO CASH, AND ARE IN DEFAULT.You couldn't pay me to own this. Even the CEO admitted that the company actually holds a negative value and specifically stated that neither the bond nor equity (stock) is worth anything.
Recover some of your investment before it's too late.
LOL. the company is in default on their interest payments; they delayed the shipment of the 3 vessels because they HAVE NO MONEY TO PAY FOR THEM.
Did you read the rest of the PR?
In relation to the issued and outstanding senior unsecured notes due 2021 that bear interest at a rate of 8.375% per year ("Unsecured Notes"), the Company will not proceed with the interest payment, which is due on May 15, 2016, due to lack of liquidity.
Absolutely nothing justifies the move from 0.32; the company is progressively deteriorating due to continuing net losses, mounting debt, lack of liquidity, and NO WORKING VESSELS (NO OPERATIONS).
Once people come to their senses, this thing will drop just as quickly as it rose. I'd tread with caution here if on the long side.
This thing will be $1.50 by week's end, mark it. Within a couple weeks, it'l be right back in the pennies; even 0.50 is overvalued here.
PRGN is a POS in every sense of the phrase. They don't even have enough assets to liquidate in order to make INTEREST payments on outstanding debt. Just take a look at the horrid financials here.
I wouldn't touch this stock with a 10 foot pole. Default is inevitable here. The fact that people are buying this at the current PPS is ridiculous. These guys don't even have a running vessel LOL. They had to liquidate in order to pay off debts. And they just delayed the supposed delivery of 3 new vessels. How can they afford new vessels if they lack the ability to make interest payments, let alone principle.
Acorn Composite Corp $ATX Just Disclosed New Rvue Holdings, Inc Position
April 11, 2016
The New Acorn Composite Corp Holding in Rvue Holdings, Inc
Acorn Composite Corp filed with the SEC SC 13D/A form for Rvue Holdings, Inc. The form can be accessed here: 000107878216002589. As reported in Acorn Composite Corp’s form, the filler as of late owns 43.2% or 107,837,813 shares of the Consumer Discretionary–company.
Rvue Holdings, Inc stake is a new one for the and it was filed because of activity on March 28, 2016. We feel this shows Acorn Composite Corp’s positive view for the stock.
Item 4 of the Schedule 13D is amended and restated as follows:
The Reporting Persons acquired the Common Stock based on their belief that such an investment represented an attractive investment opportunity and pursuant to the terms of the Subscription Agreement. The Reporting Persons may purchase additional securities, if the Reporting Persons deem that such a transaction represents an attractive investment opportunity, or may similarly dispose of such securities to meet their investment objectives.
Business Profile
rVue Holdings, Inc. is an advertising technology company and operates rVue, a demand side platform (DSP) for planning, buying and managing Digital Place-Based Media Networks (DPBM). The Company provides media services, including an online, Internet-based DSP that connects advertisers and/or advertising agencies with third-party DPBM networks. The Company’s rVue DSP is accessible via the Internet. Through rVue, once an advertising campaign has been agreed to between the advertiser and the DPBM network owner, the DPBM networks receive the display advertising to be shown on their installed base of digital media displays. It provides the tools for advertisers and advertising agencies to customize campaigns for details as specific as location, customer preference, product availability, events and other needs. Its services provide a digital advertising solution that provides the process of planning, buying and optimizing display advertising on DPBM display networks.
SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.
Item 4 of the Schedule 13D is amended and restated as follows:
The Reporting Persons acquired the Common Stock based on their belief that such an investment represented an attractive investment opportunity and pursuant to the terms of the Subscription Agreement. The Reporting Persons may purchase additional securities, if the Reporting Persons deem that such a transaction represents an attractive investment opportunity, or may similarly dispose of such securities to meet their investment objectives.
Acorn Composite Corporation
1. Sole power to vote or to direct vote: - 0 - 2. Shared power to vote or to direct vote: 107,471,147 (1) 3. Sole power to dispose or to direct the disposition: - 0 - 4. Shared power to dispose or to direct the disposition: 107,471,147 (1)
Robert W. Roche 1. Sole power to vote or to direct vote: 366,666 (2) 2. Shared power to vote or to direct vote: 107,471,147 (1) (3) 3. Sole power to dispose or to direct the disposition: 366,666 (2) 4. Shared power to dispose or to direct the disposition: 107,471,147 (1) (3)
(1) This figure includes 101,637,814 shares of Common Stock that are owned by Acorn and 5,833,333 shares of Common Stock issuable upon the exercise of warrants that are exercisable within 60 days that are owned by Acorn .
(2) This figure includes 200,000 shares of Common Stock issuable upon exercise of options that are exercisable within 60 days and 166,666 shares of Common Stock that are owned by Mr. Roche .
Robert Roche also owns another 16.38m shares via iVue Holdings LLC
This figure does not include 16,382,217 shares of Common Stock that are owned by iVue Holdings LLC (“iVue Holdings”) and 1,625,000 shares of Common Stock issuable upon the exercise of warrants that are exercisable within 60 days that are owned by iVue Holdings. Although Mr. Roche is the grantor of the trust that owns the majority member of iVue Holdings, he disclaims any beneficial ownership of such securities, as he does not have voting and/or dispositive power over such securities .
Price of stock purchased by Insiders Robert Roche and Acorn Composite:
FORM (4) 3-28-16 - Acorn Composite Purchased 28m shares @ .011- .013 per share
Acorn Composite Corp $ATX Just Disclosed New Rvue Holdings, Inc Position
RVUE 244m O/S
April 11, 2016
The New Acorn Composite Corp Holding in Rvue Holdings, Inc
Acorn Composite Corp filed with the SEC SC 13D/A form for Rvue Holdings, Inc. The form can be accessed here: 000107878216002589. As reported in Acorn Composite Corp’s form, the filler as of late owns 43.2% or 107,837,813 shares of the Consumer Discretionary–company.
Rvue Holdings, Inc stake is a new one for the and it was filed because of activity on March 28, 2016. We feel this shows Acorn Composite Corp’s positive view for the stock.
Item 4 of the Schedule 13D is amended and restated as follows:
The Reporting Persons acquired the Common Stock based on their belief that such an investment represented an attractive investment opportunity and pursuant to the terms of the Subscription Agreement. The Reporting Persons may purchase additional securities, if the Reporting Persons deem that such a transaction represents an attractive investment opportunity, or may similarly dispose of such securities to meet their investment objectives.
Business Profile
rVue Holdings, Inc. is an advertising technology company and operates rVue, a demand side platform (DSP) for planning, buying and managing Digital Place-Based Media Networks (DPBM). The Company provides media services, including an online, Internet-based DSP that connects advertisers and/or advertising agencies with third-party DPBM networks. The Company’s rVue DSP is accessible via the Internet. Through rVue, once an advertising campaign has been agreed to between the advertiser and the DPBM network owner, the DPBM networks receive the display advertising to be shown on their installed base of digital media displays. It provides the tools for advertisers and advertising agencies to customize campaigns for details as specific as location, customer preference, product availability, events and other needs. Its services provide a digital advertising solution that provides the process of planning, buying and optimizing display advertising on DPBM display networks.
SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.
Item 4 of the Schedule 13D is amended and restated as follows:
The Reporting Persons acquired the Common Stock based on their belief that such an investment represented an attractive investment opportunity and pursuant to the terms of the Subscription Agreement. The Reporting Persons may purchase additional securities, if the Reporting Persons deem that such a transaction represents an attractive investment opportunity, or may similarly dispose of such securities to meet their investment objectives.
Acorn Composite Corporation
1. Sole power to vote or to direct vote: - 0 - 2. Shared power to vote or to direct vote: 107,471,147 (1) 3. Sole power to dispose or to direct the disposition: - 0 - 4. Shared power to dispose or to direct the disposition: 107,471,147 (1)
Robert W. Roche 1. Sole power to vote or to direct vote: 366,666 (2) 2. Shared power to vote or to direct vote: 107,471,147 (1) (3) 3. Sole power to dispose or to direct the disposition: 366,666 (2) 4. Shared power to dispose or to direct the disposition: 107,471,147 (1) (3)
(1) This figure includes 101,637,814 shares of Common Stock that are owned by Acorn and 5,833,333 shares of Common Stock issuable upon the exercise of warrants that are exercisable within 60 days that are owned by Acorn .
(2) This figure includes 200,000 shares of Common Stock issuable upon exercise of options that are exercisable within 60 days and 166,666 shares of Common Stock that are owned by Mr. Roche .
Robert Roche also owns another 16.38m shares via iVue Holdings LLC
This figure does not include 16,382,217 shares of Common Stock that are owned by iVue Holdings LLC (“iVue Holdings”) and 1,625,000 shares of Common Stock issuable upon the exercise of warrants that are exercisable within 60 days that are owned by iVue Holdings. Although Mr. Roche is the grantor of the trust that owns the majority member of iVue Holdings, he disclaims any beneficial ownership of such securities, as he does not have voting and/or dispositive power over such securities .
Price of stock purchased by Insiders Robert Roche and Acorn Composite:
FORM (4) 3-28-16 - Acorn Composite Purchased 28m shares @ .011- .013 per share
People panic sell lol. I see it all the time. This is healthy as it allows a stock to consolidate , shake the weak hand flippers off the ask, and ultimately push the PPS higher :)
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