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for now it does...
they have a reduction of 3.5 billion in the works....
Importantly, we have just closed the acquisition of Beijing Innotrek Technology Co., Ltd. for consideration of 1 billion common shares, with their parent company Mon Arc Corporation, and moreover we are meeting with PP365.com over this coming weekend to finalize terms of this second acquisition. It is our goal to restore value to RMDM and our shareholders, to have both of these good and viable companies operating under our umbrella and control, and at the end of the day, we have the authorized and outstanding share count reduced by about 3.5 billion shares.
I agree, a huge reduction in OS is in the works. This will lead to a better PPS. IMO
yep I have been trading away. LOL
TORONTO, Oct. 15 /PRNewswire-FirstCall/ - RMD Entertainment Inc. (www.RMDMGroup.com, PINKSHEETS:RMDM) is pleased to announce the Company has engaged in discussions with a Chinese distributor with over 600 retail locations of educational audio and video products. The Company has extensive distribution in place in key Provinces across China, in the form of smaller retail footprint stores, in rural and urban centers.
RMD sees this as a growth sector, as China continues to place great effort in bringing broader growth in prosperity to the many rural sectors of the country that have not yet had the full benefit of the economic growth that has transformed the extremely successful special economic development zones.
Current interm management has committed to providing more frequent announcement of business developments as they occur, and bringing greater transparency of the Companies operations to its shareholders. The company has recently updated its filings on Pink Sheets.Com.
In other Company news, Professor Yang a spokesperson for both issuers said; "Progress continues on the acquisitions of PP365.com and Innotrek Inc from MonArc Corp (MONA) with both sides scheduled to meet later this week in Beijing with their corporate advisors. The respective management teams of both companies have agreed in principle that payment in the form of stock is the most appropriate acquisition strategy. This will be followed by a dividend payment to MONA shareholders, with both companies currently being wholly owned subsidiaries of MonArc Corporation.
Read the information in the i-box, it is very informing.
if the pps kinda stays in one area, its not going to set off any bells and whistles. Once it starts moving, look out! IMO.
I know if I wanted to buy up a stock that I knew was undervalued, I wouldnt want the pps to move until I, and my friends, were completely done accumulating. Then, after that, let it go. This would be a perfect situation to be able to control.
why wouldnt they want to keep it down to accumulate. They do not want to attract major attention. Then they have more competition.
Wouldnt you do the same?
LOL I am jumping on it too....
yeah what the heck is going on here, first trades way above the ask 2 days in a row now(throws charts off) now trades going through slightly above the ask?
we ended up with about 90 mil in buys yesterday I believe
mine doesnt show it sometimes and I have to go back and open a new window or refresh, its kinda a pain
yep the 2 mil block @ 9:34 was mine
LOL yeah an an entire cent buy.....
It sounds good. I picked up a few more shares today. Might have to pick up a few more. Volume the past three days has almost been doubling from the previous day. At this rate, it will not take long to formulate a better PPS. Granted, the OS is big, they plan to reduce it by billions and make a sound OS and PPS leading to a betterment for investors. I agree, RMDM is going to make progress very fast. IMO
I leave for 1 minute and miss another perfectly good buying opportunity. I loaded more on the shakedown this morning, so I cant complain. LOL
RMD Entertainment (RMDM) Set Sights on Acquiring China Based Distributor of Educational Audio/Video Products And Asset Purchase
TORONTO, Oct. 15 /PRNewswire-FirstCall/ -- RMD Entertainment Inc. (http://www.rmdmgroup.com/, PINKSHEETS:RMDM) is pleased to announce the Company has engaged in discussions with a Chinese distributor with over 600 retail locations of educational audio and video products. The Company has extensive distribution in place in key Provinces across China, in the form of smaller retail footprint stores, in rural and urban centers.
RMD sees this as a growth sector, as China continues to place great effort in bringing broader growth in prosperity to the many rural sectors of the country that have not yet had the full benefit of the economic growth that has transformed the extremely successful special economic development zones.
Current interm management has committed to providing more frequent announcement of business developments as they occur, and bringing greater transparency of the Companies operations to its shareholders. The company has recently updated its filings on Pink Sheets.Com.
In other Company news, Professor Yang a spokesperson for both issuers said; "Progress continues on the acquisitions of PP365.com and Innotrek Inc from MonArc Corp (MONA) with both sides scheduled to meet later this week in Beijing with their corporate advisors. The respective management teams of both companies have agreed in principle that payment in the form of stock is the most appropriate acquisition strategy. This will be followed by a dividend payment to MONA shareholders, with both companies currently being wholly owned subsidiaries of MonArc Corporation.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
thats what I seen on ABC last night also
looks like things are starting to take off...
yeah up 100 down 500 up 200 down 1100....
and to think yesterday I was trading @900 today its at 830
Idk, I just keep watching it fall, I traded it 4 times this morning. Everyone keeps selling it to have cash on hand, and to make up for stock losses.
not a good image
It looks like we had the 11th greatest percentage loss in the dow and third greatest point loss, which stands to the number one point loss that happened on 9/29 two weeks ago
Yes Like I said a few days ago, below 10,000 it has support at 8,000 after that its 4,000.....
its a chess game with more than two players
thats why they do these shakedowns
Looks interesting...
here is that link someone was asking about earlier
http://www.mffais.com/rankings/all/top-10-good-moves.html
Page Created: 2008-10-06 00:44:00-07
Global Top 10 Good Moves
1 Franklin Resources Inc bought Washington Mut Inc (WM) stock, then the price went up, resulting in $919,379,083 of additional profit!
2 Capital Research Global I ... bought Washington Mut Inc (WM) stock, then the price went up, resulting in $918,096,798 of additional profit!
3 Hotchkis And Wiley Capita ... bought Washington Mut Inc (WM) stock, then the price went up, resulting in $516,431,459 of additional profit!
4 Wellington Management Co Llp bought Washington Mut Inc (WM) stock, then the price went up, resulting in $481,224,593 of additional profit!
5 Dreman Value Management L ... bought Washington Mut Inc (WM) stock, then the price went up, resulting in $433,554,470 of additional profit!
6 Marsico Capital Managemen ... bought Washington Mut Inc (WM) stock, then the price went up, resulting in $398,008,620 of additional profit!
7 Franklin Resources Inc bought Pfizer Inc (PFE) stock, then the price went up, resulting in $337,492,002 of additional profit!
8 Franklin Resources Inc bought Microsoft Corp (MSFT) stock, then the price went up, resulting in $202,012,624 of additional profit!
9 Amvescap Plc bought Wells Fargo And Co (WFC) stock, then the price went up, resulting in $199,701,469 of additional profit!
10 Fmr Corp bought Washington Mut Inc (WM) stock, then the price went up, resulting in $196,180,048 of additional profit!
http://www.mffais.com/rankings/all/top-10-good-moves.html
whats L2 look like?
thats exactly what they do. They see all these orders coming in, so, they need to get shares somehow....
.12s back...
.12 is the strong support....
Global Top 10 Good Moves
1 Franklin Resources Inc bought Washington Mut Inc (WM) stock, then the price went up, resulting in $919,379,083 of additional profit! Page Created: 2008-10-06 00:44:00-07
2 Capital Research Global I ... bought Washington Mut Inc (WM) stock, then the price went up, resulting in $918,096,798 of additional profit!
3 Hotchkis And Wiley Capita ... bought Washington Mut Inc (WM) stock, then the price went up, resulting in $516,431,459 of additional profit!
4 Wellington Management Co Llp bought Washington Mut Inc (WM) stock, then the price went up, resulting in $481,224,593 of additional profit!
5 Dreman Value Management L ... bought Washington Mut Inc (WM) stock, then the price went up, resulting in $433,554,470 of additional profit!
6 Marsico Capital Managemen ... bought Washington Mut Inc (WM) stock, then the price went up, resulting in $398,008,620 of additional profit!
7 Franklin Resources Inc bought Pfizer Inc (PFE) stock, then the price went up, resulting in $337,492,002 of additional profit!
8 Franklin Resources Inc bought Microsoft Corp (MSFT) stock, then the price went up, resulting in $202,012,624 of additional profit!
9 Amvescap Plc bought Wells Fargo And Co (WFC) stock, then the price went up, resulting in $199,701,469 of additional profit!
10 Fmr Corp bought Washington Mut Inc (WM) stock, then the price went up, resulting in $196,180,048 of additional profit!
http://www.mffais.com/rankings/all/top-10-good-moves.html
seems odd...
IMO the dow doesnt have strong support now until about 8000, after that its even uglier... around 4000
current L2 anyone.
over $3.5 mil purchase in one block? WHAM