RGRP - ROO Group Inc.- Penny Stock- Entertainment - Diversified

[aoles]

ROO Group Inc.
ROO Group Inc. (OTCBB: RGRP) through its 100% subsidiary ROO Media Corporation, is a global service provider enabling businesses to leverage their digital media assets and provide an enhanced user experience.

The company's proprietary platform and content management system, the ROO Video Exchange, and a suite of related products, allows web sites and their advertisers to organize video content, target advertising and maximize views. ROO is the service provider of choice for companies seeking enterprise level solutions and effective strategies for monetizing digital media assets.

The company also operates an advertising agency business specializing in a variety of media and services including direct marketing, brand planning and identity, media buying and packaging.

ROO provides customized technology solutions for:

Web Publishers
Content Producers
Advertisers

Company Website: http://www.roo.com

Recent News:

Wed, Mar 26, 2008
ROO and Viewdle Create Partnership to Provide Optimal Video Search Functionality
http://www.bloomberg.com/apps/news?p...d=aAQWxShXuptM

Mon, Mar 24, 2008
KIT Capital Takes Strategic Stake in Viewdle
http://www.bloomberg.com/apps/news?p...d=a36iO2bxIQ0w

ROO Group to Report Fourth Quarter and Year End 2007 Results on March 31, 2008
http://www.bloomberg.com/apps/news?p...d=a3iG9reLqFD0

Tue, Mar 18, 2008
ROO Group Signs LOI to Acquire Kamera
http://www.bloomberg.com/apps/news?p...d=arddKgSx02Sg

From Blomberg.com
Shares - 49,861,000
Market Cap - 6,931,000
Float - 44,549,0000

[aoles]

I’ve been watching this the last couple of days, its coming off a bottom at 0.06 and has been doing very well since then. The chart is looking pretty good so its worth taking a look at it and keeping it on your watch list.

[greencat]

All I got to say is look at that set-up. We got some room to move too...

[Klipper22]

Originally Posted by greencat

All I got to say is look at that set-up. We got some room to move too...

Nice, huh? I jumped on this first thing today. A guy asked me to look at the chart this weekend wondering if I thought it looked decent. I was like "Are you kidding me? If this even begins to smell like it's getting through resistance Monday morning, I'm all over it." Very nice setup.

[greencat]

Nice job Klip. I didn't pick it up this weekend but its a looking good...

[greencat]

and there she goes up 40%

[greencat]

Still set-up nicely. I am looking for it to take out the 200MA.

I own shares and have a pretty tight stop loss at .033.

I can not put a stop loss on penny stocks. What I do is put an alert on it. RGRP I have my alert set at .034. If that alert goes off I will know that its time to think about selling.

[greencat]

Looks like some toxic financing coming to this stock. No one likes to admit to a loss but it going to happen in this business. I sold today in at .35 out at .303.

Company to receive a total of $20 million of new capital, including the most recent $5 million investment exercised by KIT Capital on April 18th Completes acquisition of 100% of Sputnik Agency Company broadens institutional shareholder base through equity financing DUBAI, United Arab Emirates, May 8, 2008 /PRNewswire-FirstCall via COMTEX/

-- ROO Group, Inc. d/b/a KIT digital (RGRP), a global provider of video enablement technology and video-centric interactive marketing solutions, announced today it has received executed definitive subscription documents in connection with a private placement of equity for gross proceeds of $15 million. Investors purchased investment units for $0.20 each (a price agreed to on April 23, 2008, when the trading price of the Company's common shares was approximately $0.24 per share), with each unit consisting of one common share together with one warrant, with an exercise price of $0.34 per share. All of the participants in the transaction are accredited institutional investors. The investment group consists of both existing shareholders and a number of established institutional funds new to the Company. KIT Capital, the investment vehicle controlled by KIT digital chairman and CEO, Kaleil Isaza Tuzman, subscribed to slightly less than 50% of the total $15 million raised. Having completed this financing, the Company does not anticipate that it will need to raise additional capital to achieve its operational and acquisition growth plan.

There were a total of 75 million common shares sold as part of the private placement transaction, all of which are required to be registered in a registration statement filed with the U.S. Securities and Exchange Commission within 30 days. Pro forma of the funding from the current private placement announced herein, coupled with the previously announced purchase of 31,250,000 shares by KIT Capital for $5 million and the conversion of the Company's 10 million preferred shares into 400,000 common shares, the Company's total outstanding common shares will be approximately 145,600,000, with approximately $23.4 million of cash on hand (net of transaction-related fees). At yesterday's (May 7, 2008) closing price of $0.34/share, the Company's pro forma market capitalization is approximately $49.5 million, with an approximate pro forma Enterprise Value of $26.1 million.

[aoles]

putting this back on my watch list. after that pullback it looks like it might be setting up for another move up so i'll be keeping an eye on this one.