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quikfix

06/03/13 12:46 PM

#3376 RE: dick_schmidt #3373

RVPL is nowhere near being a large accelerated filer or accelerated filer as explained in this article http://100fstreet.com/index.php/2012/01/is-it-time-to-update-your-filer-status and RVPL was never was an accelerated filer or large accelerated filer period!

RVPL's float is 10.42 million as per OTCMarkets.com http://www.otcmarkets.com/stock/RVPL/company-info and unless RVPL's share price hits $7.20 with a current float of 10.42 million shares, RVPL will remain a non-accelerated filer. Even if we were to use their total outstanding shares of 119.56 million RVPL would still need a price of $0.63 or more to be considered an accelerated filer. Hope this helps clarifying things.

To be a large accelerated filer you need to have a public float of $700 million or more. To be an accelerated filer you need to have a public float of $75 million or more, but less than $700 million. Additionally, in either case you must have been subject to the reporting requirements of the Exchange Act for at least twelve calendar months, you must have filed at least one annual report and you cannot qualify as a smaller reporting company.