Thursday, June 07, 2012 2:23:49 PM
In late Mar or early Apr, I can't remember which, management wanted to get ahead of the ball and secure better financing long before the 6 month "friendly window" was up. So they spent a few days and a bit of our money going to the niba conference. Well, it was a complete waste of money because they didn't get better financing did they? Otherwise we wouldn't have the toxic note hitting us in 2 months. Well, here's another niba today n tomorrow and they're there again. Why? To try again to get better financing.
Will they make it happen? Probably not. Why you ask? Oh because the SP is the same as it was the last time they went to a niba conference. If they couldn't get it then why should they now?
You're probably going to say because they didn't have Stevie B. Big deal. They've paid him a salary and rent, utilities, ins, etc for some office in LA. So now they have more expenses than before, and are still producing the same revenue.
That's pretty straightforward. You're not understanding what I'm trying to explain. I hope this clears it up for you.
Oh and one last thing as I've completed all the puzzle pieces. At first I thought the company was diluting through vert's hidden shares, but I've realized its more than likely our note holder stacking 10's of millions of hidden shares behind vert's 5000 visible shares.
Why would they do this? Because rtgv needs a higher share price to get rid of this note holder. If they keep the price down rtgv has little chance at the niba...
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