Remote Dynamics Inc (RMTD)

[jersyeguy]

your post is very thoughtful and deserves a thoughtful response.i admire and can not and would not attempt to refute your belief in miracles..i am religious and religious belief is irrational in that it can not be either proven or dis-proven ..so if your investment in this is based on belief that stands on its own and can not be the subject of discussion based on "due diligence "..your beliefs are personal and you are totally entitled to all of them .
i post on this board simply because i enjoy it..it is a fascinating and interesting board populated by a lot of very interesting posters..three or four years ago when this stock has a brief run, it appeared on everybody's stock screens and i researched it as another investment opportunity ..also many friends asked me to advise them on this ticker...i did hours of fundamental research and decided it was than as it is now totally worthless..so while i am actively following a huge portfolio of investments i do divert to this board for a little "relaxation "...it just fun...
as to "warehousing " dead stocks let me speak to that out of personal brokerage industry experience..when a customer asked to sell a no bid stock to establish a tax loss, we were required to call every market maker on the level three and ask them if they would make a bid on the stock and we had to document those calls...this was the absolute s.e.c. and f.i.n.r.a. requirement ...sometimes out of courtesy a market maker would offer a nominal bid..this was the best outcome in that we could charge a nominal commission ( 10 bucks ) that would at least partially offset the expense of the trade...if no market maker would accomidate us we than do a principle trade and directly buy the stock from the customer at 0.00001 ..in twenty plus years of doing this i NEVER made money on any position so acquired..EVER... so believe me i neither encouraged or solicited this activity from my customers..it was a money losing service we would provide as a courtesy
as to RMTD being delinquent it technically isnt in that on the way down the drain the company ( to protect current management ) filed the necessary forms to deregister the company as a 12g reporting company...so while no financials are available since 2009 and this is one of many factors that makes it valueless as a reverse merger candidate it is in S.E.C. parlance technically not delinquent..this term is reserved for reporting companies that are late in filing required annual and quarterly reports.
as to why the symbol is not RMTDQ... filing for bankruptcy re-organization is extremely expensive ( legal and accounting etc ) and is only done for two reasons...one would be if assets were available to liquidate in an orderly fashion the funds from which could be used to settle accounts with creditors ..this was not the case with RMTD as creditors foreclosed on ALL THEIR ASSETS ...so while RMTD had huge outstanding debts after the foreclosure there was absolutely NOTHING TO LIQUIDATE.. the other reason to file re-organization is if the business could survive and continue if outstanding debt were to be re-negotiated..obviously this was not the case with RMTD as they lost ALL of their assets and the business before the foreclosure was hemorrhaging red ink...so the company never filed for bankruptcy because there was absolutely no reason to do so ( in reviewing all of their s.e.c. filings that was probably the only rational decision the former management of this company ever made )
as to the SEC being" all over it " i have posted a link recently to a bulletin which explains the agency's policy with regard to stocks of defunct companies...so while the SEC will permit trading to continue indefinitely the SEC does monitor volume and price movement and would suspend the stock in a nano-second if they believed that any activity in and around this symbol ( paid promotion, e mail blasts fraudulent activity etc etc) was presenting a clear and present danger to investors..in that case they would suspend the stock for 10 days and than immediately move to annul its registration which would mean the company would no longer be public and the shares could never be publicly traded again..
if your strategy is to buy baskets of 0.0001 stocks and hope that one or more move up dramatically in price it is an interesting strategy and i respect it.i don't and wouldn't do it but i respect it as a strategy that you seem to have well thought out.....i happen to think that you are wrong on RMTD AS I THINK IT IS TOTALLY WORTHLESS AND WILL REMAIN SO FOREVER..and my comments are confined to that alone...good luck