"The Company's CEO, Mark Pacchini, had this to say about the situation: "We are disappointed by Roche Enterprises' decision to foreclose on the notes, but the board of directors and I fully understand the business reasons for such a move. Robert Roche and Roche Enterprises have been rVue's biggest advocates. We greatly appreciate them and all investors for their capital contributions, patience and support. The rVue team has worked diligently to keep costs in line with revenue, including the decision to go dark. And we've explored various new business strategies and sought other reasonable methods of financing, but we recognize the company can no longer continue to operate under its current revenue stream and in its current form.""
Read between the lines -
He owns most of $RVUE, why couldnt $RVUE make a deal with himself?:
Helping new traders avoid my old mistakes #chedsblog
