Replies to post #10291 on RVUE Holdings Inc. (fka RVUE)

[Coachshot99]

Oh yeah. It's always the shorts. Cmon maaaaaan.

[nosfelle]

Interesting stuff

Roche Enterprises/Acorn Comp Corp Notice of Default/Demand for Payment

Note 1 = $201,000 matured 12/1/16
Note 2 = $80,000 matured 4/30/17 & secured by company assets
Note 3 = $135,000 payable on demand & secured by company assets

Note 3 will be used for RVUE operations through May '17

5/3/17 RVUE receives notice of default & demand for $460,558

Foreclosure sale of RVUE assets around 5/31/17 if RVUE cannot pay this

Roche Enterprises will bid entire amount of secured debt for RVUE assets at auction

Roche Enterprises will become SOLE owner of RVUE, if winning bidder, without having to fork over ANY distributions to shareholders

Any other successful bidder would be obliged to distribute to shareholders net of sales charges and secured debt payment to Roche Enterprises

Other ominous stuff...

The Board continues to consider these matters and to engage in discussions with Roche Enterprises. However, at this time, the Board believes it unlikely that the Company has any viable means to stop the foreclosure sale, in which all remaining shareholder value is likely to be lost. The Board remains vigilant for means of potentially preserving shareholder value, but can provide no assurance in this regard.

Pretty sure all this means that RR/Acorn Comp would also be out of the approximate $3 million they've forked over for common shares since the beginning of '16

One crazy day!!