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Author Topic: RMNE (.0006) Don't buy, just a question
PCola77
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This was trading at .0001 a couple of weeks ago and they did a reverse split of 200:1. According to a filing: "The authorized stock of the Company consists of 30,000,000,000
authorized shares of Common Stock, par value $.0001 per share, 11,629,069,169
shares of which were outstanding as of September 25, 2006"

Now if you go to otcbb.com and look at RMNE, it says 20.24 billion shares. the split adjusted price was .02, and it is now trading at .0006, or a loss of 97% from pre-split price.

Does the share count mean that they've diluted almost 10billion shares since the reverse split which caused it to drop the 97%, or is thre something else going on that I'm reading wrong, ie one number is authorized the other is outstanding, etc?

Thanks for any help that anyone can provide.

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playtime
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Joey and friends are the R/S, S-8 kings of the pinky world. They do it more than the Asstroms!
There is no doubt in my mind that they dumped shares and took it down. Give it time, it will be .0001 in no time.
Check out R/B thread on raven moon. they have been having a "guess the next R/S date" contest. Most folks have been real close.
Although, if you are extreamly good or lucky, you may flip it for profit at times, other than that, stay FAR away.

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PCola77
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Thanks for the info. I had no desire to buy, just happened to be watching since the RS a few days ago. Appreciate the warning though.
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PCola77
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Jesus, this is already back to .0001 in under 2 weeks. playtime, you were right about kings of dumping shares. Holy crap.
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playtime
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No problem PCola Glad I could help.
My prediction, R/S in 6 months.

BTW, another important fact is that Joey and Beradette own ALL the rights to the show and the Cuddle Bug rights. Raven Moon owns nothing if the show were to become a hit.

If anyone should go to jail for "stock fraud" these guy's should.

Martha ain't noting compared to these folks. [Smile]

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stockid
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NEED ADVICE! WHAT IS GOING ON WITH RMNE? WHAT IS UP WITH THE HEAVY VOLUME, AND THE 52 WEEK HIGH? ANYONE THINK THIS STOCK MIGHT GO UP TO 1$, 2$?
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PCola77
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Haha. Yeah, I bet this goes up 2,000,000% to $2.


quote:
Originally posted by stockid:
NEED ADVICE! WHAT IS GOING ON WITH RMNE? WHAT IS UP WITH THE HEAVY VOLUME, AND THE 52 WEEK HIGH? ANYONE THINK THIS STOCK MIGHT GO UP TO 1$, 2$?


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stockid
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I'M JUST ASKING, BECAUSE LOOK WHAT THE 52 WEEK HIGH IS...IT CAME DOWN MORE THAN THAT DIDN'T IT?
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PCola77
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I see a 52 week high of .02, is that what you see as well? If so, that was just two weeks ago when they took the .0001 and did a 1:200 reverse split to get it to .02.
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stockid
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Need advice...! So far lost alot of money on rmne. I bough many shares for .002. Does anyone think I can sell them back for same price or higher, if I wait long enough?
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PCola77
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There is close to a 0% chance that you will ever see that high again. In fact, you may not even be able to sell them now, at a 95% loss.

You will probably have to chalk this up as a learning experience.

What made you buy stock in this company in the first place?

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stockid
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Their 52 week high seemed high and I read news about the company. They are doing interesting things. I just taught they could expand and I was tired of buying and selling everyday.
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PCola77
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What did you see as their 52 week high?

By the way, if you want to invest, stick to NASDAQ and NYSE stocks. Pink sheet stocks are for trading, not buying and holding.

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stockid
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1,040
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PCola77
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Where the hell did you see that there 52 week high was over $1,000? Can you post a link to wher you saw that?
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stockid
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Is that good news? [Smile]
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PCola77
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No, because wherever you saw that was lying.
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stockid
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http://www.marketwatch.com/tools/quotes/intchart.asp?symb=rmne&sid=2431640&freq= 1&time=8&siteid=mktw
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stockid
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What do you think?
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PCola77
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Wow, this is even worse than I thought.

Here are their splits in the last 12 months:

Capital Change=shs decreased by 1 for 75 split. Effective date=2-17-06
Capital Change=shs decreased by 1 for 20 split. Effective date=7-17-06
shs decreased by 1 for 200 split
Ex-Date:
Record Date:
Pay Date: 2006-09-20

What this all means is that if you had 30MILLION shares of this company in January (9 months ago), you would now have 100 shares, worth a whopping 1 penny (unless there is somethign wrong in my math, I just did this quickly but you should get the idea)

Sorry to tell you, but I am pretty sure you'll never see any of tha money again.

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PCola77
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Ok, I am heading home for the night. If you have any more specific questions you can PM me and I'll help you as much as I can.

Hopefully you didn't lose money that you needed for anything.

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stockid
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Thanks for the help PCola77!
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playtime
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Stockid,
Sorry to say, chances are your money is history. Raven Moon has been doing reverse splits, then putting out S-8's (selling of stock) in the billions for years. They are criminals. IF you can get anything for your shares take it. If you want some history, visit ragingbull raven moon board, there are folks there that have followed for years and know alot.

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T e x
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Raven Moon has a long, nefarious history...many threads here, almost all end with same sad story.

Kid, suggest you learn to use "search" function here for past DD...

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

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PCola77
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Man, you were way off. just over 2 months. This time a 1:2,000 R/S. Unbelievable. I hope that stockid guy got out with some of his money. these guys really should be in jail.

12/15/2006 RMNE Raven Moon Entertainment, Inc. Common Stock RMEI Raven Moon Entertainment, Inc. Common Stock New 1-2000 R/S

quote:
Originally posted by playtime:
My prediction, R/S in 6 months.


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matto
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Raven Moon Entertainment Announces 1-for-2000 Reverse Split
12/14/2006

Effective Date for Reverse Split is December 15, 2006

ORLANDO, Fla., Dec 14, 2006 (BUSINESS WIRE) --
Raven Moon Entertainment, Inc. (OTCBB:RMNE) announced today that its Board of Directors and majority shareholders have approved a 1-for-2000 reverse split with an effective date of December 15, 2006. The new CUSIP number will be 754219806 and the new symbol will be RMEI.

"Our company has made significant progress during 2006 and we are entering 2007 with a focus on continuing our momentum and building our Gina D(R) brand," said Joey DiFrancesco, Chairman and CEO of Raven Moon. "Our goals for 2007 include producing additional episodes of Gina D's Kids Club(R), completing our first full length feature film and the related soundtrack CD and increasing sales of our DVD library and other branded products."

For more information on the company's business strategy, products and programs, visit www.ravenmoon.net. For information on Gina D's Kids Club, visit www.ginadskidsclub.com.

Safe Harbor Act Notice: 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 report, offering memorandum or prospectus. Specifications are subject to change without notice.

SOURCE: Raven Moon Entertainment, Inc.

--------------------
Trading is a blast!!

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PCola77
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okay, reverse split from .0001 to .20 and the first trade was at .01, already down 95%. And honestly, most people's brokers probably haven't switched the shares over, so the company is probably already dumping shares.
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playtime42
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quote:
Originally posted by playtime:
No problem PCola Glad I could help.
My prediction, R/S in 6 months.

BTW, another important fact is that Joey and Beradette own ALL the rights to the show and the Cuddle Bug rights. Raven Moon owns nothing if the show were to become a hit.

If anyone should go to jail for "stock fraud" these guy's should.

Martha ain't noting compared to these folks. [Smile]

Hey PCola77,
I should have cut my estimation in half:)
Actually, the is a very risky chance to make some money here at this point. PPS may rise briefly in the short term from folks starting to buy to average down.

Do you feel lucky???? [Smile]

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PCola77
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Haha. By the way, I had forgotten about this, but apparently the reverse split isn't a normal reverse split. Somehow you could have signed up for "protection" from reverse splits for a year. So not all shares were reverse split. Since no one has any idea how many shares weren't subject to the reverse split, they really shouldn't have adjusted this up by 2000X. I'm not sure if that's even legal, but that's what I found searching through some of the filings.

This company is 100% bullsh*t, I'd stay away regardless of if I thought there could be a jump. Too high a probability of the company dumping shares at any second.

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playtime42
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PCola,
I think they had some type of offering where you could buy "so many" shares of restricted stock per "so many" of (worthless) shares you already owned, and those restricted were R/S proof for a year. I didn't look into it, but I wouldn't doubt that the restriction is longer than the protection [Smile]

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