Remote Dynamics Inc (RMTD)

[vaporman]

Notice it says notes not assets. Therefore the collateral were notes that the creditors got.

Also if you refer to section 8 of the uniform commercial code securities are considered assets As it specifically relates to section 9.

A new concept of "investment property" is incorporated into Article 9. Investment property includes securities, security accounts, security entitlements, commodity contracts and commodity accounts. Remember that commodity contracts and accounts are not subject to Article 8 transfer rules, so that it is necessary to find an Article 9 concept that is broader than the Article 8 concepts. "Investment property" is that concept.

The traditional and exclusive way to perfect a security interest for a certificated security is for the creditor to take possession of the security. When uncertificated securities were introduced into Article 8 in 1977, perfection required registration of the pledge or of the ownership of the secured party on the books of the security's issuer. But these are inadequate methods for perfecting a security interest in the broader category of investment property. Therefore, the amendments to Article 9 provide for two ways to perfect. The first is by filing a security statement as is done for most personal property subject to Article 9. The second is by taking "control" of the investment property. These options are now available to secured creditors.

http://www.uniformlaws.org/ActSummary.aspx?title=UCC%20Article%208,%20Investment%20Securities%20(1994)

Glad I could clear that up for you as it is not confusing at all. This just solidifies the fact that RMTD could of been bought by Telogis per the uniform commercial code.

More evidence that Telogis or someone acquired RMTD.

Telogis used their offshore entity in Oslo, Norway to transact the deal.

Monarch had acquisition transaction last Sept.

Telogis hasnt filed Form D with the SEC for all the round of funding. No IPO issued.

All things that make me believe it will happen and that RMTD is alive and well. Impatience is not how to make money.