There are no statutes regarding whether or not the Company may or may not discuss any plans about anything of this nature at this stage, including a split. When they finally do it, then it must be disclosed to the public The “it’s not legal” comment, of course is just more typical RVGD BS. If they weren’t going to do something encompassed in the filing of the paperwork, then why did they file? Common sense raises it’s ugly head again, and as usual, the response from Revenge is crap, crap and more crap.
The laws surrounding dissemination of information revolve wholly around what information is available to the public and, of course if anyone with prior or inside knowledge of the plans of the Company acted on that inside, non-informative or non-publicized information to their benefit. As we all know, somebody did.
This is the primary basis of any true legal pursuit that shareholders and / or the SEC and the State of Indiana may truly have valid actionable issue with, as the coincidence of the massive sales and the non-descriptive split information is patently obvious.
The often referred to RVGD "spin" fiascos regarding the "$80 Million contract that wasn't", the "new manufacturing facility that wasn't", the "promised transparency" that wasn't and the "weekly announced production figures" that weren't will, of and unto themselves not be individually actionable due to their inherent vagueness, but, 100% absolutely can be taken into consideration by the appropriate governing judicial or administrative body in terms of the aggregate and continued level of "corporate good faith" in which the Company has dealt with its shareholders as well as the public. This continued and ongoing body of action does not paint a pretty picture of the Company in anyone's eyes.
The fact remains that the shareholders of the Company and this board in particular have become so distrustful of the Company that they have now begun a level of enhanced diligence, and the result is that we now know that Revenge has indeed filed notice with the State of Nevada. Emily is undoubtedly repeating what she has been told from the ceo / arch-vaguery practitioner deluxe (at least in that part of Decatur Indiana).
As far as I'm concerned, the ceo of the Company is a common fool as well as a wholly inept, irresponsible, integrity free sad clown excuse for a president of a public company.
karma is a bitch.............and timing is everything
