posted
is interesting, looking at the latest 8K, a few quotes:
"The authorized stock of the Company consists of 5,000,000,000 authorized shares of Common Stock, par value $.0001 per share, 172,403,066 shares of which were outstanding as of October 26, 2005, and 800,000,000 authorized shares of Preferred Stock, par value $.0001 par value, approximately 600,000 shares of which were outstanding as of October 26, 2005."
... "Each share of Preferred Stock shall be entitled to convert into $10.00 in value of the Company's Common Stock."
that is a pretty nifty trick, that preferred stock: worth $10 no matter how far the common stock slides! what a deal!
so because the common stock has utterly tanked, the market cap via "common stock" is a paltry $259K. but of course you have to add in the $6M worth of preferred stock, which brings the market cap up to more like $6.259M. basically the entire "worth" of the stock is in the preferred shares, worth 20x more than the common shares. RVMN lost about $10M last year, by comparison.
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"The new terms of the warrant dividend are: effective immediately any shareholder of record as of September 30, 2005 can exercise 100 warrants for each share owned at $0.0015 anytime up to December 31, 2005.
This offer is being made retroactively for shareholders who have already exercised 100 for 1 warrants at the $0.02 price and anyone who wants to exercise these warrants up to the end of the year."
of course the most interesting part is the "retroactively" part. remember when joey drank the kool-aid, exercised a lot of warrants, and then tried to get everyone else to?
guess what's next, can you guess?
think joey has the balls to basically get almost all of his money back that he lost exercising all those worthless warrants, by retroactively going back and reexercising at .0015 instead of .02? really, would it surprise you at all at this point, if you've followed RVMN? you didn't really think joey was going to LOSE money on this, did you?
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posted
do you think these guys wake up every morning and go to work or do they just lounge in there pjs and scheme up these prs
but on the other hand that gina D show is really pretty good my kids love it and so do a lot of other kids i no
man i am so pissed at the RVMN management, i remember when before all the r/s and dividends i was actually up on this and extremly optimistic i cant believe i am considering buying more of there TOILET PAPER stock
PLEASE someone save me type some sense into my head.
posted
ha ahah aha, well i gotta hand it to you joey: after trying every trick in the book, you FINALLY hit one that drew some suckers in - the *forward* split. snicker, nice. almost $1M traded yesterday, up to .002. of course, to put this "gain" in perspective: basically a $10K investment in RVMN 6 months ago fell to about $2 at the low point, and now is back up to worth $20 or so again. yesterday's big gains basically took them back to where RVMN stood one month ago.
there were a lot of posts about RVMN on this board yesterday - maybe somebody who bought can explain to me: why did you the 5-1 forward split make you buy? are you under the impression that the new split shares will be worth the same as the pre-split shares? it's like a pizza store having trouble selling pizza, and deciding to slice pizzas into 5 pieces before selling, instead of selling unsliced identical pizzas.
really pretty amazing, don't even know what to say. my hat's off to you joey - nice job. my advice to anyone who bought yesterday: congrats on any to who made nice short-term gains, but - be very careful about holding too long, as keithsan pointed out in another RVMN thread.
the SEC filings don't lie, and their last Q was yet another doozy. $7000 revenue this time which is a milestone for them. of course it cost them about $5M to generate that $7k...for a whopping FIFTY CENT PER SHARE LOSS.
posted
decent news here today on this pig....may have to get back in....
Raven Moon Receives $4.76 Million in New Financing to Complete 40 Episodes of GINA D'S KIDS CLUB(R) for PBS PR Newswire - December 06, 2005 08:31 American Public Television and WPBT/Miami Have Offered 23 Brand New, Never-Seen Episodes of GINA D'S KIDS CLUB(R) to Public Television Stations Targeted for a June 2006 Launch
ORLANDO, Fla., Dec 06, 2005 /PRNewswire-FirstCall via COMTEX/ -- Raven Moon Entertainment, Inc. (OTC Bulletin Board: RVMN) is pleased to announce that it has received $4.76 million in new financing from MG Studios in order to produce 17 episodes of GINA D'S KIDS CLUB(R). The additional episodes will bring the total number available for public television stations to 40.
The $4.76 million from MG Studios is in addition to the $5.0 million in financing it has invested in Raven Moon more than a year ago. MG Studios has extended the additional financing to Raven Moon Entertainment based on the company's good standing with its payments. "Raven Moon is a cash-and-carry company. They have paid in full for all episodes to date. MG Studios is very happy to be a partner with the company in creating high-quality children's television programming and we are excited about the prospects for the show and for Raven Moon," said Mike Gibilisco, President and Owner of MG Studios.
Raven Moon's Board approves 5-for-1 forward split to reward shareholders who hold and acquire stock in the last month of 2005
Last week, Raven Moon's Board of Directors and majority stockholders approved a forward stock split on a 5-for-1 share basis. The record date for the forward split is December 31, 2005. The effective date will be January 30, 2006.
As a result of the forward stock split, every one outstanding share of the company's common stock will be exchanged for five new shares of common stock. Common stockholders are not required to take any action related to the forward split.
"The forward split will increase the holdings of our shareholders, including all those current and new shareholders who have exercised their 100-for-1 warrants before December 31, 2005," said Joey DiFrancesco, Chairman and CEO of Raven Moon.
About Raven Moon Entertainment, Inc.
Raven Moon Entertainment, Inc. is involved with the production of family entertainment programs for television, VHS tapes, DVDs, music CDs and related toys. Raven Moon has produced 24 episodes of GINA D'S KIDS CLUB(R), which started airing in September 2004 and is currently carried on 227 television stations nationwide. In November 2005, an exclusive agreement was signed with public television station WPBT-Miami designed to expand the reach of GINA D'S KIDS CLUB(R) for early elementary school-aged children on a premier pre-school destination like public television.
For WPBT-Miami, contact Ellen Soto at (305) 424-4040 or ellen_wpbt.org .
About MG Studios
MG Studios is a state-of-the-art fully digital television and multi-media studio located in Longwood, Florida. With capabilities to produce, edit, animate, create special effects and CD-ROM and DVD authoring, along with Web design, MG Studios specializes in the creation and complete packaging of content for the television industry. For more information, visit http://www.mgstudios.com .
Safe Harbor Statement
This release may contain forward-looking statements that involve risks and uncertainties, including, without limitation, acceptance of the company's products, increased levels of competition, product and technological changes, the company's dependence upon financing and third-party suppliers, and other risks detailed from time to time in the company's federal filings, annual reports, offering memorandum, or prospectus. Specifications are subject to change without notice. Raven Moon Entertainment assumes no obligation to update any forward-looking statements.
SOURCE Raven Moon Entertainment, Inc.
Carol Merry, Fahlgren Mortine Investor Relations, +1-614-825-1752, or carol.merry*fahlgren.com, for Raven Moon Entertainment
to me, one thing would be good news for RVMN: they actually GENERATED SOME REVENUE, let alone having it be *profitable* revenue. as 12-yr old with a bike and a paper route could quite literally generate more revenue than RVMN has.
but - what the hell do i know, i am still trying to figure out why RVMN shot up based on the absurd forward split news and the whole warrant kool-aid thing. probably some suckers will buy on this news and it will go up, market makes very little sense to me at times.
seriously, can someone explain to me why the 5-for-1 forward split was good news, deserving of having RVMN rocket upwards? how is it different than simply having a pizza place slice pizzas into 5x smaller pieces, seriously? maybe i am missing something... OK you get 5x the number of shares, but - the shares are "worth" 1/5 the amount of original shares, strikes me as a net-no change. the good thing for RVMN is now their losses don't look so ugly: instead of losing 50 cents a share, now they only lost 10c a share split-adjusted, woohoo!!
whatever - obviously the last week indicates that money can be made on this, but - play with this one at your own risk, if you ask me
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of it's "value" today, quotes emphasized. shock of shock: 75-1 reverse splits, so today's close of .0014, corrected for the split, really means that by pre-split numbers it closed at:
.0000196.
my handy 1/x calculator button shows this as:
50,864 shares for a dollar.
i'm sure there are others that are worse, but - honestly, if you scoured the entire investment world in search of the worst possible investment choices in the world, it would be hard to do any worse than RVMN.
i'd have to do the math, but in rough numbers: $10,000 invested in RVMN a few years back, would literally now be worth about: one penny. that is pretty impressive, a $9,999.99 loss on a $10K investment. nice!
really, it's just too pathetic for words. especially if you think back to their ridiculous string of PR's.
STILL EXERCISING THOSE WARRANTS, JOEY?!?!?!
heh.
truly pathetic. ban me if you want for the choice of language, but - there's just no other way to say it. RVMN, or RVMN, or RVMO, or whatever the hell the next permutation will end up is: simply a complete and total piece of sh!t stock.
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back to .0003 again, *after* the 75-1 split just a few weeks ago. so by my calculations, that's a 96% loss in just a month or so, on top of all the other 96% losses in previous periods for raven moon.
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seriously, have you ever seen a PR where the VERY FIRST WORDS in the bold header at the top are:
"If the check is good..."
just too funny.
"If the check is good", the very first 5 words.
I'm actually not sure which would be the funnier outcome: if the check was good, or no good. If it's good, someone actually forked out $1M for worthless warrants. If it's no good, does RVMO have another 5-word retraction PR to issue?
"uhhh, the check was no good"
actually that's 6 words if you count the uhhhh... - sorry.
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posted
who knows, maybe i'm being unfair a lot of companies will begin having the first few words of their PR's be "if the check is good".
MSFT: "If the check is good, we will release Windows Vista..."
WMT: "If the check is good, our stores will open tomorrow..."
amazing, don't even know what to say. The Bernadette Bikini and "If the check is good..." all in about a one week span. That has to be some kind of OTC record for comical PR's in the shortest time span.
If the check *IS* good, probably they will bronze it and signify the moment by making their ticker symbol RCWG for "Raven Check Was Good" rather than RVMN or RVNM or RVMO or RMOO or whatever the ticker-du-jour is, sometimes i lose track they change so fast.
Honestly the one thing that really does surprise me about RVMN, seriously: why do they stay on the OTC, and not simply drop to the pinks? It's not like they have even a shred of credibility left at this point. Why bother to keep filing miserable Q's and K's and pay the $ to stay on the OTC, especially when all of their S8's are easily trackable that way? Why not just go to the pinks? That much, honestly I don't really understand, is surprising.
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posted
Why do what you do in secrecy when you can do it in the open and get away with it. They are laughing in the face of the "system" by remaining transparent. Big giant balls....
-------------------- ......in Psychiatry circles it's known as a "warning sign"
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posted
haven't checked in my buddies at raven moon for awhile, let's see how they're doing.
wow i see they released their 10K, great results! this year it only cost them $7.6M to generate a whopping $10K of revenue, very nice!
for these sterling results, joey's salary for 2005, not even including a wide array of other stock and other incentives was:
$550,914
it's true, go look it up in the 10K, i did. of course bernadette gets wads of cash too.
you almost have to wonder if they can sleep at night: perpetuating their scam year after year; skimming over $1M a year off their crooked "business". somehow, i bet they can.
flooded two point eight BILLION more shares into the market over the last week alone, with new 8K's. if you look at edgar online, also quite a few sec4's in there as well. lemme give you a hint: they don't show joey buying. of course: joey is busy dumping, while he issues PR's urging the masses to drink the kool-aid and buy.
about the $1M check they received for their worthless warrants, that literally had the very first words "if the check is good..."? funny, never heard a followup on whether the check was good. shock of shocks.
also another shock - seems like the "postponed" annual shareholders meeting somehow never got rescheduled, imagine that. i'd pay good money to see joey have to face his shareholders in an annual meeting. is tar and feathering legal in florida?
it's funny, but it's also sad that this charade continues on year after year. the net effect is always the same: money flows out from shareholders pockets, directly into joey's.
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posted
another beauty of a 10Q by RVMO. much hilarity abounds, but really you can boil it down to these 2 sentences from the Q:
"Total revenues for the three months ending March 31, 2006 and March 31, 2005 were $0 and $13, respectively. The 2005 revenues were generated by sales of plush toys."
-and-
"During the three months ending March 31, 2006, the Company recorded a Net Loss of $2,132,437 as compared to a loss $1,238,949 for the three months ending March 31, 2005."
really, not much else to say. my 13-yr old earned exactly the same amount mowing the lawn this past weekend, as RVMO did for all of the previous Q: $13. one would think $13 would be an easy Q-over-Q comparison to top from the previous year, eh? nope: $13 to $0.
anyone want to wager odds on the next reverse split date, and symbol ticker? i'll go with:
RMOO, and: july 1
maybe they need to issue a new PR that says "if the $13 check is good..."
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posted
this one still cracks me up every time i check on my RVMN buddies, even months later. easily the funniest PR i've ever seen. the VERY FIRST WORDS of the PR being "If the check is good", true hilarity
quote:Originally posted by blue_in_MI: who knows, maybe i'm being unfair a lot of companies will begin having the first few words of their PR's be "if the check is good".
MSFT: "If the check is good, we will release Windows Vista..."
WMT: "If the check is good, our stores will open tomorrow..."
amazing, don't even know what to say. The Bernadette Bikini and "If the check is good..." all in about a one week span. That has to be some kind of OTC record for comical PR's in the shortest time span.
they were trading at the time at, of course, .0001. so for a fleeting instant they were in theory worth .0020 before the open on monday. not surprisingly, they rocketed downward as if shot by a cannon, and closed today at .0003. so by my math, that's an 85% loss just on the *week*, stacked on top of all the other enormous losses.
btw, i guessed the new symbol wrong: RVEM, not RMOO.
so many splits and symbol changes is hard to really tell (which is of course their intent), but by my estimate: $100,000 invested into raven moon a few years back, would quite literally be worth about a buck now. half a million dollars put in raven moon a few years ago, would barely buy you a starbucks coffee today.
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