I emailed Mark Pacchini and received the response below on July 26th. The most interesting part of this response is his statement "so it is not really a “shell” in the securities law sense". Thoughts??
Adam Ramirez From: Mark Pacchini <mpacchini@rvue.com> Sent: Wednesday, July 26, 2017 4:03 AM To: Adam; rVue Information Cc: David Brown; Jean Roche
Subject: Re: RVUE Stock
Adam 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
On 7/23/17, 7:54 PM, "Adam" <adaXXXXXXXirez@gmail.com> wrote:
From: Adam <adamXXXXXXirez@gmail.com> Subject: RVUE Stock
Message Body: Hi Mark,
Sorry to hear you had to sell the company. I currently still own stock in RVUE. Do you have any idea what will happen to my shares after the company dissolves? Will my shares become part of the new entity or just go to 0?? Anything you can share would greatly be appreciated.
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