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05/06/17 4:16 PM

#10137 RE: floridany #10136

a good question, and i think it has a bullish answer. the early days of RVUE were different management. at one point robert w. roche was appointed to the board, and things changed. that was march of 2012:

https://globenewswire.com/news-release/2012/03/12/470633/249001/en/rVue-Holdings-Inc-Appoints-Robert-W-Roche-to-Board-of-Directors.html

and roche would eventually sue the former CEO, a case he won, and invite mark pacchini to take over as CEO, in april of 2013:

http://www.bloomberg.com/research/stocks/people/person.asp?personId=232577401&privcapId=104960

it wasn't until roche decided to buy a large % of the OS, and then pay off all the convertible notes, that i took an interest in this play, shortly before this PR from april, 2016:

http://www.marketwired.com/press-release/rvue-announces-payoff-of-convertible-notes-2111647.htm

you can review roche's form 4s here. i see he has paid as much as .07/share as of a few years ago:

https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001455206&type=&dateb=&owner=only&count=100

so, given this long history, my focus has been the size of the AS since roche became a majority shareholder. i figure (and i think it's logical) at this point roche won't let anything happen that would dilute his interest, unless it results in him making a much larger profit.

with the recent AS raise, this was required for the company to have any additional shares (beyond our 10M share float), and i think there's a good chance roche will not only use some of that equity to do private placements, but also to deal-in some of RVUE's "digital out of home" #DOOH advertising competitors.

roche makes a case for why he likes RVUE so much as an investment on his roche enterprises site:

http://www.rocheenterprises.com/rvue
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xZx

05/06/17 7:01 PM

#10138 RE: floridany #10136

viewed historically...

under old management:

08-11-12 AS started as 75M.
2010-03-29 AS raised to 150M.


then, a few months after pacchini became CEO:

2013-10-31 AS raised to 250M.**

followed by an AS increase so roche could gain control:

2016-03-23 AS raised to 385M.

and finally, an AS increase so roche could maintain majority, while doing mergers and acquisitions:

2017-03-01 AS raised to 660M.

___________

** this AS increase in 2013 was probably done to make room for convertible notes. while roche did buy some relatively expensive shares when he first joined the RVUE board, as the years went on the price erosion from various notes allowed him to average down and own a major stake in the company.