$$ RNVO - Reverse Merger speku $$

US-Kürzel: RNVO
WKN: A0B6J8

RNVO R/M UPDATE

The company taking RNVO is Perihelion Global, Inc PHGI .02 (pink sheets) They are up listing (OTCBB) VIA reverse merger with RNVO

Perihelion Global Executes Letter of Intent to Acquire NASDAQ OTCBB Company
Tuesday June 12, 12:55 pm ET

biz.yahoo.com/iw/070612/0265274.html

Posted by: MOMO
Date:7/25/2007 10:09:40 AM
Post #of 67911

RNVO R/M update DD~

I Talked to Steve (president/ceo) of RNVO. He confirmed a company is merging into RNVO, but he would not tell me who, what, where or when… However I was able to gather some basic info from the conversation; such as the contact for the company merging into RNVO is named “John” and that they actually have done business in the past. I expect a PR to be released soon on this deal.

Perihelion Global Chairman, Chief Executive Officer & President

......is John H. Beebe

After up listing Perihelion Global is also getting listed on CNQ (CANADA) and AMEX


My DD has led me to this and i feel it is spot on!


Alle Infos unter:
investorshub.advfn.com/boards/board.asp?board_id=3427

Die $1 Milliarde Assets von PHGI sind echt, denn wenn PHGI eine Betrügerbude wäre, dann würden Sie nicht RNVO übernehmen um Ihre Assets in den SEC-Filings zu zeigen:

In der News vom 12.09.07 steht:
"Shareholders of both Perihelion and Renovo should deem the acquisition 'on schedule' and management of both companies remain committed to reaching definitive and binding terms proposed in the initial Letter of Intent. Upon completion of the acquisition, Perihelion intends to move select assets and businesses into the Renovo shell to better maximize their value."

Begründung:

RNVO/PHGI fusionieren tatsächlich miteinander:

Not only was the common raised from 500 million to 4.9 billion it appears they have added 5 million preferred shares as well:

Financial Information
No Par Share Count: 0 Capital Amount: $ 4,905,000.00
Par Share Count: 5,000,000.00 Par Share Value: $ 0.001
Par Share Count: 4,900,000,000.00 Par Share Value: $ 0.001

esos.state.nv.us/SOSServices/...IymKMftfyWUJ3lBGuLQ%253d%253d

WIKI EXPLANATION OF A REVERSE TAKEOVER:

A reverse takeover (RTO), also known as a back door listing, or a reverse merger, is a financial transaction that results in a privately held company becoming a publicly held company without going the traditional route of filing a prospectus and undertaking an initial public offering (IPO). Rather, it is accomplished by the shareholders of the private company selling all of their shares in the private company to the public company in exchange for shares of the public company.

While the transaction is technically a takeover of the private company by the public company, it is called a reverse takeover because the public company involved is typically a "shell" (also known as a "blank check company", "capital pool company" or "cash shell company") and it typically issues such a large number of shares to acquire the private company that the former shareholders of the private company end up controlling the public company.

Genau das ist geschehen, also sind die Assets echt !