My pick I like for the reversal these next couple days its basically oversold here all the way and should reversal easily back up to .072. It was brought down on low selling volume. On top of that they have a merger happening in a few weeks so this is bullish all the way around.
SEC Requirements Postpone RTGV/NMTV Close
2:00p ET September 30, 2009 (Market Wire)
RTGV (OTCBB: RTGV): The officers of RTGV and NMTV have announced that it has to defer the closing of the share exchange between RTGV and ANHL, NMTV et al,
for a period not expected to be longer than six weeks in order for NMTV to complete the acquisition of BMC and to integrate all of the reporting required into the Super 8-K which has to be produced 4 days after the share exchange is completed. As announced on August 3, 2009, RTGV has met all of its Conditions of Closing, but because of the imminent acquisition of BMC, announced on September 24, 2009, NMTV is unable to meet its Conditions. The management of NMTV seriously considered passing on the acquisition of BMC or delaying it until after the scheduled closing, but all agreed that this would adversely affect investors' ROI, and we have assured shareholders that we would be opportunity-driven. If the acquisition was post the share exchange this would be a public company merger and subject to the increasingly stringent SEC requirements, together with associated cost and would have been a major distraction in the execution of the Business Plan. The additional time required is not expected to affect the operational ability of NMTV in any way.
NMTV's President, Domenic Hawes-Fairley, explained: "It's frustrating to everyone that this deal is not closing today. The entire management team is aware that this announcement will not be popular in the market,
but we genuinely believe the shareholders' patience will be well worth it. RTGV's shareholders should be reassured that the business development plans announced during the last week will be quickly integrated into the business plan and provides entry into the retail industry segment. There is no adverse impact, only positive growth. This is a hiccup, not a heart attack and we're going full steam ahead."
About NMTV: RTGV, through NMTV, has a new media business model which leverages an exclusive technology to deliver multicast transmissions of TV quality transmissions without buffering or freezing. This is a significant technological breakthrough and provides a competitive edge to its shareholders. The evolving venture originally included a 44,000 square foot studio outside London which is equipped to service traditional film and TV requirements, while also being refurbished to attract state-of-the-art customers. This asset has been sold. A (new media) studio has been identified in Bristol, England which provides a better base, with all ancillary services, i.e. post-production and music gallery facilities, already available. Broadband is the global growth engine of the 21st century for new media. NMTV's technology and multiple revenue steams from its television production company to a payment systems product with 3 brands, epaypoint, Web-Pay and iPAYU to manage consumer cash flow through the Internet in the most cost effective and secure methodology, positions it well for the future through both organic growth and growth by acquisition. NMTV's objective is to become a leader in new media and reward its stakeholders: shareholders, customers, suppliers and business development partners. For all available Due Diligence, visit our website at:
RTG Ventures
They recently had a LOI acquisition that should be very profitable for the future.
ANHL Adds Retail Company to Acquisition by RTGV
8:10a ET September 25, 2009 (Market Wire)
RTG Ventures, Inc. (OTCBB: RTGV). ANHL has signed a Letter of Intent to acquire a multi-faceted retail business which will now develop an aggressive presence in the digital world of the internet.
The company is privately owned and has revenue in excess of $2 million and is profitable. The company sources its product from China and is looking to expand its operation in Europe and the Far East.