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.
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