Some people are acting as if December 1st is some sort of catalyst. It could be, but IMO we won't hear anything until next year. If Roche extends the bridge loan until March he isn't obligated to let anyone know. Things will just continue on as they have been the last month or so. Time will tell, but if something major is happening it will certainly take a good amount of time. Most here are willing to wait after doing some DD. $RVUE
i say "at least" because he, or any broker/entity/associate he's connected with, may have been buying the dip after the deregistration was announced.
then consider his "liquidation preference" (see 8-K below) could net him even more shares. how many is hard to say, it depends on what the pps per share is.
roche did the $200K financing at .0142, but he may calculate the liquidation preference based on a sub-penny price during this dip. who knows?
just as an example, let's say roche gets his 2.5X the loan amount ($200K X 2.5 = $500K) divide that by .0142 and he gets 35.2M additional shares for his liquidation preference.
add it all up:
149M was his count after the 1st financing deal + 32M liquidation pref at .0142/share + let's say he or someone else grabbed 20M shares while the stock collapsed during oct/nov.
so far that's 201M of 320M (remember, the OS increased due to his liquidation preference)...
oh, and don't forget his family has ivue holdings 18M shares, so that's a total of 219M of 320M shares, about 68% of the OS.
as a caveat: maybe my numbers are off, maybe he won't trigger the liquidation preference. i'm also not sure if he's able to buy shares in the open market without filing a form 4, due to us being dark.
but the fact that the bridge loan is convertible into more common shares says to me wants more than 51.3%. maybe he'll use additional shares as equity stake(s) for deal partner(s) in acquisition(s). maybe some of that stock will get retired to the treasury to increase his leverage?
if i were in the guy's shoes, these are the angles i'm considering.
thoughts from the group?
GRegoty: to your point about when we hear something, i think it's a function of when roche feels he's got enough shares. once that point is reached, he could start issuing PRs constantly, and push the pps a lot higher. jmho.