Although he looks alone, somebody wants him on the phone.
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>I wouldn't want to hold a short position! OUCH!!!
Neither would I. If you could anyway.
A short position in a micro-crap makes no mathematical sense.
32 shares at last report.
I'm here for the same reason we all are. To make money.
We just disagree with the precise details about how to use RMDM for that purpose.
That's right. Cramer's talking about real companies, not pumped pinky shells.
This runs on hype, not fundamentals or technicals.
The only indicator that means anything is how many shares are still owned by the principles behind the pump? If that could be determined, then we would know if this has another bump in it or not.
Lol, I stay in that Marriott about three or four times a year. What I wouldn't give to have a stay co-incide with one of Miro's dog and pony shows.
I guess I would have to disguise myself with a Groucho Marx nose and glasses so they wouldn't recognize me, eh?
LOL, I don't think so.
Below .0004... MAYBE. I'm trying to figure out how much share interest the principle still has. That is the key. Does this scam still have another bump in it? I don't know.
>the short position on this is so huge it has to be covered
It's 32 shares. LOL. Share price needs to get to about $3.00 before it is even worth it for this guy to cover. I doubt he feels too squeezed, assuming it's only one person of course.
http://www.otcbb.com/dynamic/shortinterest/shrt20100315.txt
Oh Please... And I suppose they'll "Slap the Ask!" as they buy back shares.
It's completely ludicrous to think that this company will buy back shares. What are they going to use to buy the shares with? And do you really think they would buy shares back at a premium? You can say what you want about the principal behind this, but I'll tell you one thing: He ain't no dummy.
Next thing you know they'll announce a pretend dividend.
Thanks for the advice, but in my book a buy at .0004 and a sell at .0008 IS handling it.
>every1 and their brother was so damn positive fri and over the weekend
Not everyone was. There are a few realists in the crowd here. Sometimes such are referred to as 'bashers". That in itself is mis-information.
Play this for what it is.
I settled for .0008. And glad of it. I would have been happy at .0007 last Friday, but they just wouldn't go. It works out in the end.
See you at .0003.
.0009 That's what I'm asking. I hope I'm not being greedy.
I won't buy one of these on the way up. I won't touch it unless it's laying there looking dead.
Here is my philosophy: When it's dead, it may come to life. Once it's showing signs of life, the only thing it can do is die again.
We'll see.
Now, since DDMachine actually has no real information at all about RMDM on it's site, how does this qualify as a meaningful indicator?
The iBox here has far more DD in it.
But go ahead and keep clicking on it, maybe you can get us to #1.
There doesn't need to be an increase in either O/S or A/S for the dump to occur.
The investors in whatever this company was originally going to be were diluted into oblivion when this was recapitalized to an A/S of 9.8 billion. All the assurances of no R/S or no dilution sound great, but don't mean a thing, because that part of this game has already been played.
It's all of those big chunks of shares that were handed out to various parties at that time which are the source of the dump that is waiting to befall the current flock of sheep heading for the shearing.
Play this for exactly what it is.
Generally, I view short interest as a positive force for share price increase. Short interest represents a sale that has already happened and a gauranteed future buy. But that doesn't apply here, as there is no short interest in RMDM.
My problem is with those who represent short sellers as the reason for share price decline in a stock that is being gamed as this one is. The real problem blocking share price increase is the vast number of shares waiting to be dumped on the heads of the enthusiastic flock who come in driving the price up, only to get left holding the bag after the dump.
Buy something like this when it is lying there flat-lined, and dump it into strength. You might make money here by playing the game with good timing and a little luck. But "investing" in a shell is a gauranteed loser's game.
>MM's can short!! You and I cannot!
Yes, I understand that. I have been trying to point that out for a couple weeks now, when the daily short sale volume list is posted here in the mistaken belief that it represents short interest.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=48145057
Last reported short interest in this is 32 shares. Negligible.
LOL, exaclty correct. This is non-marginable, it can't be shorted. There is no short interest, or potential short squeeze.
I tried to sell this afternoon at .0007 and it wouldn't go! I saw the ask at .0009, and the bid at .0008 but my .0007s wouldn't go!
I'm guessing that I may have waited too long.
"Share Lockdown" What's this garbage? Miro must have been watching Cramer last night, eh?
A lockdown can only apply to insiders and employees. Day traders, financiers, or even the fictional evil naked short sellers aren't affected by any such thing.
Innotrek's (RMDM) INNO-Car Identification and pursuit system.
Mar 23, 2010 12:15:00 (ET)
BEIJING, March 23, 2010 /PRNewswire via COMTEX/ -- RMD Entertainment Group's ( http://rmdmgroup.com/ ) China based subsidiary Innotrek Co. ( http://www.innotrek.com/ ) announces that the company's Shanxi Branch has successfully built up its market for INNO-Car Identification and pursuit system, and competes for a large Yangqu E-police project in Yangqu County.
CEO Wynn Wang visited Shanxi Province and launched new market and public relations efforts in the province. CEO Wynn Wang and the local branch manager Mr. Zhao negotiated with the local governments of Qingxu County, Yangqu County and Shuozhou City, and achieved remarkable progress on the company's negotiations for installation of the company's INNO-Car Identification and pursuit system.
Following these negotiations, Innotrek's technical personnel visited Yangqu Security Bureau and drafted the electronic police system and INNO-Car Identification system for the authorities. The overall size of the Yangqu E-police project is in the 7 figure USD range, with the expected profit margin of about 30%.
Wynn Wang, Innotrek's CEO, said, "Our Shanxi Branch is doing a great job marketing our product, and the market situation of our INNO-Car Identification and pursuit system is very gratifying after the system passed the tests with the national Ministry of Public Security. Coupled with the leasing business model, the promotion for sales have become much faster."
RMD Entertainment Group operates Innotrek Technology Inc. ( www.innotrek.com ) in China and United Liquor Alliance ( www.united-liquor.com ) in Florida, USA.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of RMD Entertainment Group that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. RMD Entertainment Group cautions you that any forward-looking information provided by or on behalf of RMD Entertainment Group is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. RMD Entertainment Group's actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond RMD Entertainment Group's control. In addition to those discussed in RMD Entertainment Group's press releases, public filings, and statements by RMD Entertainment Group's management, including, but not limited to, RMD Entertainment Group's estimate of the sufficiency of its existing capital resources, RMD Entertainment Group's ability to raise additional capital to fund future operations, RMD Entertainment Group's ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match RMD Entertainment Group's capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. RMD Entertainment Group does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
What???? Are you implying that there is fraud in the micro-crap world????
I'm shocked, just shocked.
No, FINRA is not lying. You are misinterpreting the data.
FINRA cautions that the information provided in that daily list does not strip out normal short activity from market makers providing liquidity to the market.
It is short interest, or the number of shares held short day to day that matters. This info is only provided bi-monthly. As of February 26, short interest was 32 shares.
http://www.otcbb.com/dynamic/shortinterest/shrt20100226.txt
What are the odds that this will hit .0007 before it hits negative .0001? Those odds are 100%. Because stocks can not be priced below zero.
Since stocks can not be priced in negative numbers, it makes no sense to short it.
This company is priced where it is because of value, not due to evil short sellers, or evil stock bashers. That is garbage that is simply offered as a poor excuse for lack of performance to anyone who would be a sucker enough to believe it.
>Stop trying to sugar coat the trueth.
You're the guy trying to sugar-coat a turd. I'm the guy trying to scrape it off to get to the smell that lies underneath.
It makes no mathematical sense to short a stock that is .0003 from zero.
You need proof of dilution? How's this for proof of dilution: .0003 x .0004
Actually, even a mail drop is more than I expect to find.
Often these are empty or occupied by some other kind of tenant. Other times, you can't even find the address.
Hmmm.
These offices and load.com are within walking distance of each other. I might be in Las Vegas in April, if so I'll check them out and let the board know if they exist or not.
Or if we have any posters already in Vegas, maybe they could knock on a couple doors and report back.
Don't sell down here. Very often there will be a secondary pop with these, just be patient and ready to bail out if and when it comes.
Don't kid yourself with the fiction about mergers and short squeezes etc. That's for suckers, don't be one. Play this for what it is... a shell that has been used for a pump and dump. Be a realist about it, and get some money back.
Good Luck.
LOL, that buyins.net stuff is a work of fiction.
Short interest is put out twice per month, and you can get it direct from OTCBB.
Look, even if you could short this, it would make no sense to. You can only sell it for a few hundredths of a penny above absolute zero, while you could in theory be burned to infinity.
So there is no incentive to even want to sell it short.
You can believe OTCBB, or you can believe an oufit which posts the disclaimer referred to here.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=47671270
You're gonna get hungry waiting for a short squeeze here.
You only help prove my point RJ. This is a non-marginable security. Hence, no shorts.
OK, let's say that you could actually get a broker to co-operate and were able to accumulate some borrowed shares, or what the heck, let's just go ahead and naked short. Fine. You're going to do it on a run up, because you sell into strength, just like a long does. And you're not going to be in a trade for more than a day or two.
In other words, anyone who shorted this stock (and I doubt there was) sold on the way up, and covered on the way down. Now that this thing has run along at .0006 to .0005 for a couple weeks, any shorts that may have existed are long gone.
It's ludicrous to think that there is any shorting going on in a micro-crap.
Shorters think in terms of risk/reward. So let's think about that. Hmmm, it looks like the difference between .0005 and zero is less than the distance between .0005 and infinity. So the risk is off the scale. Also, there are no options to hedge that risk.
So:
#1. It makes no sense to short it.
#2. You can't short it anyway.
It stands to reason that there is no short interest.
This isn't about me, it's about RMDM stock. I'm not saying this doesn't have another pop in it. It's a matter of determining how many shares the source of the hype has left to dump, and is it worth it to them to pump this another round, or has it reached permanent flat-line status.
I don't know, and I'm not claiming to know.
Either way, nothing is going to happen here for the next few days at least. All the dumb money is chasing bankrupt financials ie; FRE, FNM, C, AIG, and WAMUQ.
>"you are so wrong, naked shorts is out of control in pinkie land and with the vol. of short shares not covered there cold be a squeese"
Oh please. Unless stocks someday become valued in negative numbers, then no matter how evil a short seller you are, it makes no sense to short. Not only is it prohibitively expensive, but it just makes no sense at all from a mathematical standpoint.
You're exactly correct in your observations. The hype manufacturers want you to believe that the problem with share price is due to a plot concocted by evil "market makers" and "short sellers" to destroy share price value for their own selfish gains.
Of course, this is complete non-sense.
The reason NITE gets beat up by the hypesters is that Knight is one of the very few legitimate market makers that participates in the pinky world. They don't like legitimate players here.
LOL, Don't spend too much energy thinking about it. Eighty eight people who read this board went to take a look. Not too hard to figure out.
Since the DDmachine web page on RMDM says absolutely nothing, I wouldn't put a whole lot of confidence in to the idea that this is the "big guys" conducting due diligence.