InvestorsHub Logo
Followers 25
Posts 2359
Boards Moderated 4
Alias Born 05/04/2009

Re: CB80 post# 25701

Tuesday, 09/15/2009 4:27:14 PM

Tuesday, September 15, 2009 4:27:14 PM

Post# of 347945
The order of events expected to transpire leading up to the close of RTGV:

#1. Audited Financials are completed for the past 3 years and are done to GAAP Standards.

#2. Audited Financials are signed off on by the RTGV auditor Sherb & Co., LLP

Paykin & Krieg, LLP
185 Madison Avenue
New York, NY 10016

#3. $1,000,000 will be transferred from escrow a minimum of seven days prior to the merger closing date.

#4. Super 8k filing covering the business plan from the audited financials based on 3yr GAAP Standards.

#5. File with the SEC for new symbol.

#6 3:1 share conversion expected sometime post closing.

As a reporting company a (Super) 8-K is required within 4 days post-closing which will include a 3-yr. audit to US GAAP standards. In that 8-K is a very detailed public company Business Plan, which is almost a Prospectus in its detail, with full financials. It is inaccurate to quote figures which are dated and developed to a different standard . The NAV only covers earlier assets which were pre-deal. In April, 2007 the studio freehold in the UK was bought for $3M and is a tangible asset.

Need an annotated chart? Visit my page: R3algood Chart
Analysis #board-15600