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pitadog

02/09/08 10:08 AM

#45181 RE: Buster123 #45179

buster, all evidence to date shows that the 1st. note holder was the seller for the last (approx.) week. The note holder is not the RVGD, Peter, or Chad. fwiw to you

vantillian

02/09/08 10:24 AM

#45183 RE: Buster123 #45179

Opinions are like armpits. Everyone has a couple of 'em and they usually stink.

grongron50

02/09/08 11:41 AM

#45189 RE: Buster123 #45179

Buster, look at the posts on this board. Can you not see that many many many of them speak to the share structure and what is currently underway with Carnes' distribution of the promissory shares he got? Intelligent people DO know what's happening because the company through Chad Sykes has been telling us EXACTLY what's happening. Don't come around here suggesting that the company is somehow sticking it up the wazoo of current shareholders because that's simply not the case.

Here are the facts, please try to understand them:
Carnes loaned RVGD money. In return he received promissory notes on loanshark types of terms.

Carnes has requested conversion of one of those notes. The company was legally bound to convert the note.

Carnes probably sold all of those shares to a market maker who is now distributing those shares into the market. It will end at some point in time, hopefully soon.

In addition, the company has liquidated some shares for operating capital and probably also sold them to a market maker who either is or was distributing them into the market. If it's not over, it will end at some point in time, hopefully soon.

There will be future dilution as the other promissory note and preferred shares are converted by Carnes. This may be as soon as July.

The company will be customizing Ridgelines as early as this coming week. This should provide a revenue stream.

The company has a contract with some entity for $80 mil over the next four years. They project earnings along the lines of .004/share/year from that contract alone. This earnings estimate was based upon their calculation using a FULLY DILUTED share structure of 977 million. Let me rephrase that;
After taking into account all of the possible current and future share conversions, the company expects to earn .004/share. This earnings estimate does not even include the Ridgelines which they'll have within days. Nor does it include revenue from two other contracts they are currently negotiating. So earnings may even be higher.

Chad Sykes, who is the IR rep for RVGD (he has my sympathy), has been telling all shareholders exactly what is happening with regard to the share structure and even going so far as to tell everyone what is going to happen in the future. That's unheard of in any market, but he has promised transparency and is delivering it in spades. Never before has anyone here been so well informed about a pink sheet penny stock or any other stock for that matter. We can buy, sell, hold, fold, and trade with clarity.

There is only one unknown with RVGD's share structure. That is, when will this distribution end. You don't know, I don't know and no one other than the market makers know. You could call them and ask, but good luck with that. When it does end, RVGD will trade without a share distribution at least for a while. I suspect it will trade up to a rational valuation based upon current contracts and future expectations.

I expect Chad Sykes to continue to release news about the company for two reasons. One is to inform shareholders about the status of the company. The second reason is to encourage buying for the purpose of enabling the distribution which is currently underway. Don't make that out to be a bad thing. It helps prop up the price somewhat and helps end the distribution sooner.

All of those here who understand that have been making personal, informed decisions about how to handle it. It's a refreshing change from the norm in penny land.

Uncle Meatball

02/09/08 1:07 PM

#45211 RE: Buster123 #45179

Dude, are you serious, FORD?

Uhhh, you know who gave Peter Collorafi the idea for the name "Revenge" right? The CEO of Pontiac?

Revenge Designs "histwa" lesson 101.

Ford has the Shelby and the Saleen upgrades and GM, specifically Pontiac, didn't have an upgrade at all. So Pontiac contacted Peter down under and told him about what Pontiac wanted for the GTO and G8. The CEO wanted "Revenge" on Saleen (I think, cannot remember now and my notes are at home and I am at work) and that is how Revenge Designs came to life.

Ford. LOL

I mean, I guess it could happen, but LOL anyways.

Integrity First.
Uncle Meatball