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Re: jhnvtjll post# 24075

Wednesday, 03/03/2010 3:19:05 PM

Wednesday, March 03, 2010 3:19:05 PM

Post# of 177328
That is the most important question, jhnvtjll.
I believe the RTGV Reverse Merger will occur this month because the obstacle to closing has recently been remedied. The Merger Agreement called for all parties to be audited to GAAP standards before closing, so that RTGV's resultant company, NMTV, could spring forward with additional acquisitions, reportedly already in the pipeline. At least one of the three companies that comprise ANHL (the UK company RTGV is merging with) has lagged in reaching this rigorous US accounting standard. The elegant solution crafted by CEO Linda Perry and ANHL was to amend the Agreement so the close can go forward, but hold in abeyance the preferred shares exchange until conformity with GAAP. The amended Agreement now recognizes ANHL by its component companies, so that no one company will control NMTV, which eases the GAAP requirements.
The RTGV - ANHL Amended Agreement filed January 20, 2010 states "..it has been decided the close will take place in this quarter."
CEO Perry reaffirmed in her remarks during the February 5th, 2010 Conference Call that it will close, and that it is now "the right deal" for all.
Certainly anything can happen, and it is just this uncertainty that is causing the PPS to languish around .035. I'm convinced it will close imminently and view anything from .035 to .07 as a terrific buying opportunity.
RTGV is my largest holding. I believe it will be a top ihub stock in 2010.
All in my opinion.
MiamiGent

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