williamjf77, And everyone else who has been watching RTG getting Hammered. I believe RTGV is being Manipulated "Bigtime" by the Entity that holds the Toxic Note that was given a 6 month window until they get "Friendly Financing" (as they PR'd it) in place. I reread the PR from Feb 21st about the 6 month window and it looks to me like the holder of the note "Reneged" on the agreement and has been converting anyways, (that or they are Naked Shorting RTG to death?)
This email response from Linda Perry (if it's authentic?) Proves what I have been saying about CEO's of Penny stocks, the Majority of them (Perry included) act as though their company is a "Large-Cap" trading on the NASDAQ or something, they don't realize they are in Pennyland the wild west of trading, where manipulation and flipping is a way of life. Until a Penny stock CEO understands this fact and gets their head out of the clouds, they will never relate to the Investors that trade in this market. She doesn't realize that RTG is being driven into the ground by the "TOXIC FINANCING FIRM THEY BORROWED FROM IN THE FIRST PLACE"!
Now, here's the how & why; The Entity holding the Toxic Financing Note for Convertibles, I highly Doubt has been Paid off yet, and until they are paid off, it is much more profitable strategically for them to keep RTGV's share price depressed.
Why?
Because RTGV most likely has not attained/secured the Financing yet to pay off the Toxic Entity, and the higher the Share Price, the Better the Chances are for RTGV to get Better Financing. Keeping the share price depressed is all in the best interest of the Holder of the Convertible Debt Note, and I'll Guarantee you they "SHORTED AGAINST THE BOX" on RTGV Long Before they started Converting and I highly doubt that they have Covered yet, which is why the PPS is where it's at, right where they want it, Just above where they were Dumping Convertibles and Just below any Break-out Signals on the chart to keep the big Players away.
The following writing (In Bold) is an excerpt copied from an article by a guy who has worked for a Market Maker as well as Major Brokerage Houses, and has participated in the Manipulation of stocks while being in the employment of a Market Maker. I DO NOT know this guy personally nor have I ever met him or spoke with him. The following is from something he wrote and I personally believe this is what the Toxic Financier that holds the note for Convertible Debt is doing to RTGV, probably with the help of a Hedge Fund.;
They (convertible note holder/hedge fund) have sold a ton of shares that they don't have and did not borrow, but they will pass that short position back and forth among themselves so it doesn't matter, they already have your money. The shares that they sold short are not actual shares to begin with but merely IOU's that they are legitimately "supposed to deliver" but rarely ever do, they short against the convertible note they hold. The MM's swap these "short sold IOU's/share entitlements" back and forth as they need to. This can go on for weeks, months, and even years.
The tricks of the common MM are plenty and step 1 is only the begining my impatient friends. Here's how it works in a nutshell, this is common practice so many reading this have probably seen it happen before.
Step #1. Is to drive the price down causing confusion as well as setting off an accumulation by investors.
Step #2. Is to make the price fall a little more causing panic selling.
Step #3. Trade it sideways for a while to get shares back from impatient investors that were looking for the quick buck.
Step #4. Drop the price slightly again to set off a little panic in the longs that just watched the stagnant market for a while.
(Step 3 and 4 is when there will be MM accumulation)
Step #5. Run the price up and unload the inventory at a premium and start the whole process over.
AI
