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Author Topic: RNVO
will
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Something might be going on ???

O/S : The number of shares of Common Stock, $0.001 par value, outstanding on August 9, 2006, was 485,479,216 shares.

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes x

http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename %3D0001077048%252D06%252D000427%252Etxt%26filepath%3D%255C2006%255C08%255C14%255 C&symbol=RNVO

9/6/2006 A 14375000 $23000. Beneficially owned by the President = 259375000. Bought 14375000 on 9/6 for $23K

http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename %3D0001219849%252D06%252D000006%252Etxt%26filepath%3D%255C2006%255C09%255C15%255 C&symbol=RNVO

Was seriously looking to R/M. Terminated the agreement because the other company couldn't get its financials in order :

http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename %3D0001077048%252D06%252D000322%252Etxt%26filepath%3D%255C2006%255C06%255C12%255 C&symbol=RNVO

Volumes :

Yesterday volume : 11,755,501
5-Day avg 114,600 (103 times avg)
20-Day avg 405,450 (29 times avg)
50-Day avg 1,633,974 (7 times avg)
100-Day avg 2,055,502 (5.7 times avg)

CHART : http://stockcharts.com/h-sc/ui?s=RNVO&p=D&yr=0&mn=3&dy=0&id=p18991926462

I'm in at .0009 this morning.

--------------------
A million seconds is 13 days.
A billion seconds is 31 years.

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PCola77
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Looks tempting, but only $2,000 traded in it today, may be hard to get out of if it doesn't run quickly.
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plni
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This one is a favorite of mine I hold 3000000 and will wait.It always has made me money.bought yesterday
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skip
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I am getting this...worth the gamble, shell's are going crazy lately, and that volume yesterday is hard to ignore...
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Phoenix
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Nicely played, will.
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skip
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I think it has a ways to go yet...

IF they do a R/M or share exchange then it could go nuts.

I will take the gamble...

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mastawoo
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I'm in. I guess we'll see.
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skip
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Nice rebound for the On Balance Volume today, and another good volume day...

http://stockcharts.com/h-sc/ui?s=RNVO&p=D&yr=0&mn=3&dy=0&id=p44221187758

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will
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I was originally looking to flip this for freebies today. Glad it didn't double, because after seeing what TCHL did today, I'll keep these until they're worth a lot more, or until they turn to dust in my account. Anyone can jackass at me all they like, but I suspect based on recent activity, and filings, (see the first post on this thread), this is another shell about to fill. If they trash it, and take it down, I'll buy more !

--------------------
A million seconds is 13 days.
A billion seconds is 31 years.

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will
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Maybe this was what the hoopla was all about today? Current form 10 filed today :

http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename %3D0001077048%252D06%252D000627%252Etxt%26filepath%3D%255C2006%255C11%255C14%255 C&symbol=RNVO

--------------------
A million seconds is 13 days.
A billion seconds is 31 years.

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stocktrader22
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"In order to fund development, management has entered into a Standby Equity Distribution Agreement with Cornell Capital as described in Note 5."

I remembered what cornell did to MSSI

[Frown]

--------------------
Disclaimer: Not accountable for anything I say

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will
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We'll have to find something you're more comfortable with. It is a gamble, no doubt about that, but what penny stock isn't?

Good luck !

quote:
Originally posted by stocktrader22:
"In order to fund development, management has entered into a Standby Equity Distribution Agreement with Cornell Capital as described in Note 5."

I remembered what cornell did to MSSI

[Frown]



--------------------
A million seconds is 13 days.
A billion seconds is 31 years.

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stocktrader22
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quote:
Originally posted by will:
We'll have to find something you're more comfortable with. It is a gamble, no doubt about that, but what penny stock isn't?

Good luck !

quote:
Originally posted by stocktrader22:
"In order to fund development, management has entered into a Standby Equity Distribution Agreement with Cornell Capital as described in Note 5."

I remembered what cornell did to MSSI

[Frown]


thanks will..I took the bait and bought some TPWR today...the RSI and Accumulation line just look to good [Smile]

Anyways yea, just be careful here, Cornell is a death spiral

--------------------
Disclaimer: Not accountable for anything I say

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skip
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Good volume today and finished green...

watch it...

http://stockcharts.com/h-sc/ui?s=RNVO&p=D&yr=0&mn=6&dy=0&id=p10933333938

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atleast
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quote:
Originally posted by skip:
Good volume today and finished green...

watch it...

http://stockcharts.com/h-sc/ui?s=RNVO&p=D&yr=0&mn=6&dy=0&id=p10933333938

Hah?
relatively small volume comparing with 3 last days: 3.8M versus 9.4/9.6/11.7M
23 trades only - mostly at .0008; 2 last trades at .001 for $295

probably is going to trash soon but still have chance to run at least once before...

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skip
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quote:
Originally posted by atleast:
quote:
Originally posted by skip:
Good volume today and finished green...

watch it...

http://stockcharts.com/h-sc/ui?s=RNVO&p=D&yr=0&mn=6&dy=0&id=p10933333938

Hah?
relatively small volume comparing with 3 last days: 3.8M versus 9.4/9.6/11.7M
23 trades only - mostly at .0008; 2 last trades at .001 for $295

probably is going to trash soon but still have chance to run at least once before...

ok...

Today's volume was still double the 20 day average(1816394)...and much higher than this stock has seen in the past month, right?

So, my post that stated, "Good volume today and finished green" isn't really in question; since it finished green, and the volume was higher, relative to the norm, correct?

It's a shell gamble as stated previously. It has been pretty dormant until lately. The CEO bought a bunch, and volume is up. Worth the small gamble if you ask me.

If you had really done your DD, you might ask, "Aren't you worried about an R/S? They have almost tapped the A/S."
Since you didn't do your DD, I won't answer that. lol [Smile]

Don't buy this one, atleast, it isn't for you...

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will
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Let's go back to 11/13/06 :

11/13/06 volume : 11,755,501
5-Day avg 114,600 (103 times avg)
20-Day avg 405,450 (29 times avg)
50-Day avg 1,633,974 (7 times avg)
100-Day avg 2,055,502 (5.7 times avg)

That's when this started. The volume since then is not to be ignored, or looked at separately, I see Nov 13, 14, and today as a continuation. True the price spiked 50% to .0015, and has been adjusted, (manipulated), since.

I apologize if I wasn't clear that more than it having a possibilty of a 50% gain, (which it did), it was attractive as a possible shell filling. True, it's a wild guess, but if one played it properly they could be sitting with some freebies hoping for the best. I elected not to flip it, that might have been an error in judgement, but seeing .0007 seems to be bottom for now, I feel comfortable. It might see .0015 again soon. I'm in at .0009, .0007 doesn't frighten me, and .0011 doesn't excite me. Without the chance of a bounce, and without the R/M as a 50/50 possibility, you're right, atleast, it is a ragged pos, but I don't see it "probably is going to trash soon", I think it has trashed at .0007 /.0009 area.

Is there anything better you would be buying and / or recommending, atleast?

--------------------
A million seconds is 13 days.
A billion seconds is 31 years.

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atleast
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quote:
Originally posted by skip:
quote:
Originally posted by atleast:
quote:
Originally posted by skip:
Good volume today and finished green...

watch it...

http://stockcharts.com/h-sc/ui?s=RNVO&p=D&yr=0&mn=6&dy=0&id=p10933333938

Hah?
relatively small volume comparing with 3 last days: 3.8M versus 9.4/9.6/11.7M
23 trades only - mostly at .0008; 2 last trades at .001 for $295

probably is going to trash soon but still have chance to run at least once before...

ok...

Today's volume was still double the 20 day average(1816394)...and much higher than this stock has seen in the past month, right?

So, my post that stated, "Good volume today and finished green" isn't really in question; since it finished green, and the volume was higher, relative to the norm, correct?

It's a shell gamble as stated previously. It has been pretty dormant until lately. The CEO bought a bunch, and volume is up. Worth the small gamble if you ask me.

If you had really done your DD, you might ask, "Aren't you worried about an R/S? They have almost tapped the A/S."
Since you didn't do your DD, I won't answer that. lol [Smile]

Don't buy this one, atleast, it isn't for you...

Wow, didn't expect to see such as reaction...
Don't take it personally but phrase like "watch it" is created some hype around and this was a reason for my reply...
About DD - you are right, I didn't - just quickly did check filing... About "The CEO bought a bunch" - look at UNICO CEO buys...
"Don't buy this one" - too late, I'm already in and waiting for "at least once" big pop. [Smile]

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will
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This issn't UCOI, (UCNN? with 4.9B shares), R/S to 49M and dilutiing in one quarter to 182M, is that UNICO? Don't see the relevance of the comparison. Alot of CEO's buy their company's stock. Probably could search and find 10 companies where CEO's bought and the price has doubled, tripled, maybe even gained tenfold, and you might find others that tanked. The interesting thing about this CEO's purchase of RNVO stock is that it had a deal to R/M on the table as recent as June, (it fell apart), and this is a shell company. Now that might be better linkage for gambling and specualting on RNVO chances.

Go to the first post on this thread, it might explain and help.

I bought at .0009. and could have sold the same day at .0015, if I elected to, that's a 66.6% gain. Most folks would be happy with that, or might have flipped for freebies.

--------------------
A million seconds is 13 days.
A billion seconds is 31 years.

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atleast
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quote:
Originally posted by will:
Let's go back to 11/13/06 :

11/13/06 volume : 11,755,501
5-Day avg 114,600 (103 times avg)
20-Day avg 405,450 (29 times avg)
50-Day avg 1,633,974 (7 times avg)
100-Day avg 2,055,502 (5.7 times avg)

That's when this started. The volume since then is not to be ignored, or looked at separately, I see Nov 13, 14, and today as a continuation. True the price spiked 50% to .0015, and has been adjusted, (manipulated), since.

I apologize if I wasn't clear that more than it having a possibilty of a 50% gain, (which it did), it was attractive as a possible shell filling. True, it's a wild guess, but if one played it properly they could be sitting with some freebies hoping for the best. I elected not to flip it, that might have been an error in judgement, but seeing .0007 seems to be bottom for now, I feel comfortable. It might see .0015 again soon. I'm in at .0009, .0007 doesn't frighten me, and .0011 doesn't excite me. Without the chance of a bounce, and without the R/M as a 50/50 possibility, you're right, atleast, it is a ragged pos, but I don't see it "probably is going to trash soon", I think it has trashed at .0007 /.0009 area.

Is there anything better you would be buying and / or recommending, atleast?

will, I did reply to skip about my original post (see above).
I'm in at .0009 too and waiting for 3X at least on potential run... Still concerning about small $ volume - looks like $3K day/trades are shared inside allstock members [Wink]
"Is there anything better you would be buying and / or recommending, atleast?" - serious question, I'm not recommending - I'm watching the falling knifes with light signals like FPPL or EAGM...

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will
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I saw something I liked. I again apologize if I wasn't clear in my post what made this play attractive to me. I thought anyone familiar with pennies would understand that this is a shell, had a deal working, fell through, the CEO buys 14M+, just looked curious to me, like TCHL did back in late August.

I don't take anything personally. I even admit and apologize when I am wrong. Since this went up 50 to 66 %, depending on where you got in on 11/13, I would say I owe no one an apology. Regarding my specualtion of the shell filling, well, that's just pie in the sky dreaming, if anyone put their last buck on that longshot...what can I say, except that be crazy to do.

--------------------
A million seconds is 13 days.
A billion seconds is 31 years.

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atleast
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quote:
Originally posted by will:
I saw something I liked. I again apologize if I wasn't clear in my post what made this play attractive to me. I thought anyone familiar with pennies would understand that this is a shell, had a deal working, fell through, the CEO buys 14M+, just looked curious to me, like TCHL did back in late August.

I don't take anything personally. I even admit and apologize when I am wrong. Since this went up 50 to 66 %, depending on where you got in on 11/13, I would say I owe no one an apology. Regarding my specualtion of the shell filling, well, that's just pie in the sky dreaming, if anyone put their last buck on that longshot...what can I say, except that be crazy to do.

dig a little bit more - will, I get it ):
CEO bought bunch before first R/M attempt - spent
$120K [Smile] on Aug 22/05 and 8-K came on Sep 29/05

Now - R/M terminated on May 15/06; CEO spent $23K more and next is...

will - you are something [Smile]

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will
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At this point it is all blue sky and eyewash, nothing is for sure with the Wild Wild West of pennies. These gunslingers could just as easily and quickly R/S you out of your money, and leave you bleeding to death, and move on to the next town.

Who knows? It is worth a small gamble? Sometimes the sheriff wins.

The other thing that is interesting is the amount the CEO owns totally, 259,375,000. That is 51.8% of the O/S, leaving 240,479,216 in the public float. I honestly didn't look any further to see if or what other insiders hold, so the float might even be less than that.

Honestly, I have no idea what is going on, it is pure guess work and speculation. I don't recommend anyone buying this based on my trying to connect the dots here, I just like to think outloud. If you're saying, hmmmmmm, maybe there is something there, ok, if you're saying, this guy don't know sh!t, you'd be right also.

--------------------
A million seconds is 13 days.
A billion seconds is 31 years.

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will
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I am not pumping this as a play I would just like to pull it all together, and present some factual history.

First I want to go back to early September '05, and ask that you read the following From 4/A filing:

http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename %3D0001219849%252D05%252D000006%252Etxt%26filepath%3D%255C2005%255C09%255C06%255 C&symbol=RNVO

Notice Stephen Carnes, CEO, bought 200,000,000 shares of his company for $120,000.

The previous Form 10 filed on 9/2/05, prior to the above 4/A stated the O/S as : The number of shares of Common Stock, $0.001 par value, outstanding on March 1, 2005, was 214,149,409 shares, of which we know Mr/ Carnes owned only 45,000,000 of from the 4/A listed above because it put his total ownership at 245,000,000 .

The Form 10 filed after the the above 4/A stated the O/S as: The number of shares of Common Stock, $0.001 par value, outstanding on September 30, 2005, was 485,479,216 shares, of which Mr/ Carnes then owned 245,000,000.

Now let's assume the first 45,000,000 came to be in pocession via S8's and/or other type compensation, costing him $0.00. We know from the Form 4/A filed 9/6/05 the 200,000,000 cost him $120,000, or he bought at .0006. So he has 245,000,000 at .00049 average cost.

Then on 9/29/05 an 8K was filed announcing a merger plam with ei3.

http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename %3D0001077048%252D05%252D000549%252Etxt%26filepath%3D%255C2005%255C09%255C29%255 C&symbol=RNVO

Now might be a good time to look at the Chart of RNVO, with the 9/6/05 and the 9/29/05 dates in mind. Concentrate your attention to the beginning of July to the beginning of October. you have a low of .0003 and a high of .0086 in that time frame. (Multiply Mr, Carnes worth out at the top of the chart, 245,000,000 X .0086, approximately $2.1M

CHART : http://stockcharts.com/h-sc/ui?s=RNVO&p=D&yr=1&mn=6&dy=0&id=p16596250163

then we fastforward to an 8K filed on 6/12/06 terminating the planned merger.

http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename %3D0001077048%252D06%252D000322%252Etxt%26filepath%3D%255C2006%255C06%255C12%255 C&symbol=RNVO

Reviewing the chart again we can see the value of the stock has fallen to .0007 at that time.

Now on 9/25/06 Mr Carnes buys another 14,375,000 for $23,000, bringing his total ownership to 259,375,000 or almost 52% of O/S as reported in the most recent Form 10 filed on 11/14/06 : The number of shares of Common Stock, $0.001 par value, outstanding on November 8, 2006, was 499,854,216 shares.

259,375,000 shares at .001 has his value at $259,000, for his total investment of $143,000 after his last 114,375,000 purchase.

Now here's the question I have been asking myself. Is it in Mr. Carnes best interest to dilute and R/S his stock, or to find another suitor to plan a new merger with?

Like I said, no pump, just thinking outloud and presenting some historical facts.

--------------------
A million seconds is 13 days.
A billion seconds is 31 years.

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bowlegtroy
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It's in his best interest to do both:

Forward split it so his shares increase n fold, and find a suitor to give him something for each share he owns.

2:1 split = 518,750,000 shares owned at aprox half the current value (.0005). He'll still have the aproximate same value if share price holds.

If he then finds a suitor (or at least PRs that he's found one), price rises. Should he then cancel the deal later, i falls, but after he's sold at least haf of his holdings for a huge profit.

He stands to make a killing either way. Hey, maybe I should start a pinky company...!

--------------------
"Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz)

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will
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Excellent Troy. I didn't think of the possibility of a F/S. I was trapped thinking of routine dilution, for whatever reasons it is done. A F/S would create almost as much flurry as an intended PR'd merger. Grant it, the PPS would suffer temporarily, but would recover with a flourish of buys driving the price higher. For some reason people love free shares at any price. You would see this question asked 100 times here, "When do I have to be in to get the divy?"

My guess is, and it is only a wild ass guess, IF he does anything it will be the announcement of a possible R/M deal. Either way R/M's are so hot right now there will be a long line of buyers. Then again, there is a strong possibility he does nothing.

He's a shell right now, has nothing, no product, no employees, only filing expenses, and what he chooses to skim. At .0005, his $143,000 is protected, with his current share holdings.

Very interesting posibilities and scenarios with this situation. If nothing else it's fun speculating on what could be.

quote:
Originally posted by bowlegtroy:
It's in his best interest to do both:

Forward split it so his shares increase n fold, and find a suitor to give him something for each share he owns.

2:1 split = 518,750,000 shares owned at aprox half the current value (.0005). He'll still have the aproximate same value if share price holds.

If he then finds a suitor (or at least PRs that he's found one), price rises. Should he then cancel the deal later, i falls, but after he's sold at least haf of his holdings for a huge profit.

He stands to make a killing either way. Hey, maybe I should start a pinky company...!



--------------------
A million seconds is 13 days.
A billion seconds is 31 years.

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BooDog
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Will, my compliments on putting this info together so well. All you info is well thought out.

I know my analysis is short but here it is.
StockTA.com analysis
http://www.stockta.com/cgi-bin/analysis.pl?symb=RNVO&num1=3&cobrand=&mode=stock


http://biz.yahoo.com/e/061114/rnvo.ob10qsb.html
Over the next twelve months we believe that existing capital and anticipated funds from operations will not be sufficient to sustain operations and planned expansion. As a result, we will be required to seek additional capital in the future to fund our operations through additional equity or debt financing or credit facilities. No assurance can be made that such financing would be available, and if available it may take either the form of debt or equity. In either case, the financing could have a negative impact on our financial condition and our Stockholders.


Iím thinking dilution is very likely at this point but if the shell gets the right contestant for a r/m then it would do well IMO with speculation popping it back around .005

If the down trend continues for a couple more days or a couple weeks with the low volumes it should provide an opportunity to get in lower. Volumes seem low enough that it should dip back down. Recent volume increase would doubt this could happen and is only my guess from my evaluation. Resistance looks so heavy and with the filing they just posted I wouldnít expect more than .002 for some time. Setting a swing for .0006 to .0012 looks like an easy play. Much patients needed though. Iím hyper so these long waits would drive me crazy, but Will has shown me they work.

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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will
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Boo, sometime we think too much. I am not trying to insult you, but the warning from your post I quote below is pretty much standard language for these smallcap companies. You see it in the Form 10's ALL THE TIME.

"Over the next twelve months we believe that existing capital and anticipated funds from operations will not be sufficient to sustain operations and planned expansion. As a result, we will be required to seek additional capital in the future to fund our operations through additional equity or debt financing or credit facilities. No assurance can be made that such financing would be available, and if available it may take either the form of debt or equity. In either case, the financing could have a negative impact on our financial condition and our Stockholders."

It is kin to siting the financials as a reason to not buy. These raggedy companies have no fundamentals. They are manipulted by the MM's and barely legally taken advantage of by the diluting cheating CEO's. That's what makes these thing rise and fall 100's of %'s in a short time, not its ability to make real money. I am steadfast tied to my belief that most of these companies down here have little or NO real business at all. It isn't about reality, it is about precption. As long as MM's accuumulate at low prices and sell their inventories back to investors at higher prices, and as long as CEO's have a printing press, these issues will yo-yo up and down. Sometimes moderate swings, sometimes wild swings, depending on the anticipated news, actual news, or whatever the excuse they use to drive them one way or the other. The MM's have unbelievable power, total control over the B/A process. Does supply and demand with free trading really exist down here? They can kill or raise the price ANY time they please. People will see the volume, the price rises, and off it goes, when it's spent and the MM's have sold enough back at higher prices, the process reverses, accuumulation begins again, and the whole process is repeated at a later date.

I apologize if I sound cynical, but from watching this game for almost 3 years now, that is the conclusion I have arrived at.

How many pinks have we seen come from nowhere and have 1000% gains, and promises to publish audits, share buy backs, move to a higher exchange......all the standard bullcrap, only to see NONE of the promises come to fruition? Even the OTCBB reporting companies allude to million dollar deals, whether in revenue and / or profits. When it is all said and done they have nothing, but an oops, excuse me, here's the real story, and then they dilute by 100's of millions shares, or depending on the size of their balls, maybe even billions of shares.

I ask you, (not you personally, but the universal "you"), how many times do "investors" have to be duped to understand THERE IS NO LONG TERM INVESTMENT HERE? Y'all can name them as easily as I can, but you see "believers" say, "Well, I talked to the CEO and he seemed snicere." No kidding, he's a conman, what the hell do "you" think conmen do? They con you!

This is a pos company, 99.999% of them are. There isn't any fact or logic with any of them that one can draw an educated or sure conclusion from. The tripe I presented regarding RNVO's potential future actions, might happen, but can anyone be logially sure, or even assign a probability percentage of it happening or not? It's a nice story, it's a longshot gamble, but it could be nothing. It's gambling, and you best know your chances, and realize that deck is stacked against you, firmly stacked. You have to be on the right side of the MM's push, and pray to God that the CEO isn't gonna blindslide you with bad news. Both situations always happen sooner or later, our job is to find that window of opportuntiy that exists where you are riding the tide with MM's and the CEO is supporting it, because you can bet your hat, ass, and gloves, one of them is gonna turn sour, and pick your pocket.

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A million seconds is 13 days.
A billion seconds is 31 years.

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BooDog
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very good statement Will. some of these plays you have to be right on the trigger the whole way and some you can be reasuredly comfortable on how long you have to make a swing. The statement above is in many filings on many stocks. I posted that with my post to let people know of the uncertanty behind this. The past r/m went bad, ceo is left holding the bag. IMO he would take an oportunity to dilute. You have put a very good overall picture of what's going on with this. I only added my thought of an entry and exit, which is really so obvious i needn't even posted at all. Not trying to ruffle anyone, just wanted to get in on the convo.

Cheers!

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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will
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No no, not ruffled at all. I like discussion. If I sounded defensive, I apologize, I enjoy a fair and frank exchange of ideas and opinions. This is text, and we tend to read without knowing the other's intnetion, mood, disposition, inflection, and emotion. I learn from arguing. I learn when people support their positions with fact. That's the shortcoming of many of these Bulletin Boards, small minded people take remarks personally, get angry, name call, and learn nothing. I know, I have done it myself. Missed opportunities, maybe ???

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A million seconds is 13 days.
A billion seconds is 31 years.

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BooDog
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not at all Will.
It's all good.
Cheers

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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right42day
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For what it's worth, I was once told to follow the money...and thats one of the reasons I am very interested in this stock. We have a clean shell and the president of the company purchases 14,375,000 shares in Sept. 2006. Hmmmmmm. I believe if he was going to dilute this stock he would be selling his shares not buying shares.

Mr. Carnes, president of this company purchased shares in Sept 2005 and then releases a merger intent that later fell through. I think history is going to repeat itself...He is purchasing shares of his shell company because he has another merger in the works...He's out to make money. This is what these guys do...

And BooDog, no offense but, I think you missed the part where the president purchased 13,750,000 shares in Sept. 2006. Also if you read all the filings on these pos companies you would know that 99.99% have this clause in them:

Over the next twelve months we believe that existing capital and anticipated funds from operations will not be sufficient to sustain operations and planned expansion. As a result, we will be required to seek additional capital in the future to fund our operations through additional equity or debt financing or credit facilities. No assurance can be made that such financing would be available, and if available it may take either the form of debt or equity. In either case, the financing could have a negative impact on our financial condition and our Stockholders.

For all I know, it probably comes standard on the filing form. This is nothing new it is a CYA (Cover your azz) statement for these pos companies.

Will, thanks for all your DD brought forth...And the questions you have raised... And yes I own a few shares of this stock and are patiently waiting...

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The best way to predict your future is to create it.

-Unknown

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BooDog
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yes I do know about the disclaimers. And.... yes I am still learning. I see this at a selling point right now by the charts and IMO will reset lower.

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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will
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...and you very well may be correct in your short term assessment, but it is still an interesting scenario that might be developing.

quote:
Originally posted by BooDog:
yes I do know about the disclaimers. And.... yes I am still learning. I see this at a selling point right now by the charts and IMO will reset lower.



--------------------
A million seconds is 13 days.
A billion seconds is 31 years.

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Highwaychild
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Well, right now "by the charts" to me looks like it could be the beginning of something big.
Just going by Chaikin Money Flow and Accum/dist.,
everytime lately that they took a stiff dive, they in turn went fairly quickly upwards and took the pps with it,
and RNVO hasn't seen a dip like this in quite a while.
The RSI hit it's 52 week low recently, and there hasn't been this much volume in this in a while either,
but who knows...

Posts: 2634 | From: The highway | Registered: Feb 2004  |  IP: Logged | Report this post to a Moderator
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