Remote Dynamics Inc (RMTD)

[xero90]

There are many reasons companies choose to go private or go dark, including the following:

reduction in the costs of being a public company, including those

costs imposed by Section 404 (Internal Controls and Procedures) of SOX;

greater corporate governance flexibility;

allowing management to spend less time on compliance and reporting activities and more time on the company’s business;

the ability to focus more on long-term financial results and goals rather than short-term market concerns;

termination of the requirement to disclose competitive business and other sensitive information;

going dark may provide additional cash for distribution to shareholders or other corporate purposes;

reduction of potential liability of directors