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I don't know if he is still there. I have another e-mail string with someone from Telogis. Here it is. Not sure of Tina's status nor if that number she gave is working.
Mark Quinlan josh642@gmail.com
8/10/10
to Tina
Tina,
Are you guys going to do anything for the minority share holders of Remote Dynamics or not?
Tina Shilling tina.shilling@telogis.com
8/10/10
to me
Hi Mark –
Thanks for your inquiry.
Telogis, Inc. has acquired certain assets of Remote Dynamics from Remote's secured creditors following a foreclosure by such secured creditors. Telogis is unable to provide any information or answer any questions regarding the foreclosure or how it may impact Remote's shareholders. If you are a shareholder of Remote Dynamics, you may contact Remote Dynamics' investor relations at 949-373-7281 for more information.
Thank you,
Tina Shilling
Marketing Director – Telogis, Inc.
www.telogis.com +1 949 389-5527 (office) +1 949 632-5770 (mobile)
One Platform for Location Intelligence
It's strange to be hoping that the PPS drops back to .0001 so I won't feel so bad only getting my initial investment back....LOL Some how I think I'll just have to settle with being happy I at least got my money back. I put an order in for 10 mil @ .0001 for open in the morning just in case it does a retrace before it shoots up. One can only hope. Maybe if I trash talk the company people will sell like crazy....LOL Oh well. I hope all that didn't have a sell order sitting there make tons of cash off this. Good luck all.
Here is an e-mail string I posted here before. Sorry if it's long. It doesn't mean that nothing is happening here cause clearly something is. Just passing along info.
Keith Moore kmoore@remotedynamics.com
7/8/10
to me
Hi Mark,
On July 1, 2010, the holders of the Company’s (i) Series A Senior Secured Convertible Promissory Notes, (ii) Original Issue Discount Series A Senior Secured Convertible Promissory Notes, (iii) Series B Senior Secured Convertible Promissory Notes and (iv) Original Issue Discount Series B Senior Secured Convertible Promissory Notes, (collectively, the “Secured Notes”) foreclosed (pursuant to Section 9-620 of the Uniform Commercial Code) on the collateral securing the Company’s obligations under the Secured Notes, including the assets used in the Company’s business operations.
The foreclosure was in full satisfaction of the Company’s obligations under the Secured Notes, which had an outstanding principal amount, exclusive of interest and penalties of $7,618,951. The Company accepted the foreclosure based on, among other things, that (a) there existed material events of default under Secured Notes (including the failure to pay principal amounts when due); (b) all of the indebtedness and other obligations under the Secured Notes were unconditionally owing by the Company without offset, defense or counterclaim; and (c) there was no alternative transaction or source of funding available to the Company that would have permitted it to satisfy its obligations under the Secured Notes.
As a result of the foreclosure, the Company has ceased its business operations and terminated the employment of substantially all of its employees, including senior management.
The Board of Directors intends to explore options for the Company to acquire a new operating business. However, there can be no assurance that the Company will be successful in acquiring a new operating business or, if successful, that the terms of any such acquisition would provide existing stockholders with a significant participation in the continuing business.
If the Company is unable to identify and acquire a new operating business, the Board may recommend that the Company wind up its remaining business affairs, complete the liquidation of its remaining assets (if any), which may or may not be sufficient to adequately provide for the payment of its known obligations and liabilities, and dissolve the Company under Delaware law. We do not anticipate that our stockholders would receive any distribution in any such liquidation and dissolution.
Sincerely,
Keith Moore
Remote Dynamics
400 Chisholm Place, Suite 411
Plano, Texas 75075
+1 949 373-7281
kmoore@remotedynamics.com
From: Mark Quinlan [josh642@gmail.com]
Sent: Thursday, July 08, 2010 1:34 PM
To: Keith Moore
Subject: Re:
Mark Quinlan josh642@gmail.com
7/9/10
to Keith
So my hunch was correct. We shareholders who were stupid enough to invest in your company got screwed. It would have cost so little for you to take care of us. Guess we will have to look at our options.
Thanks again for the knife in the back.
Mark Quinlan josh642@gmail.com
7/9/10
to Keith
Keith, is there still an actual letter stating this coming to us shareholders?
Keith Moore kmoore@remotedynamics.com
7/10/10
to me
Yes, it was mailed to shareholders of record this week.
Sincerely,
Keith Moore
Remote Dynamics
400 Chisholm Place, Suite 411
Plano, Texas 75075
+1 949 373-7281
kmoore@remotedynamics.com
From: Mark Quinlan [josh642@gmail.com]
Sent: Friday, July 09, 2010 8:27 PM
To: Keith Moore
Subject: Re: Re:
Mark Quinlan josh642@gmail.com
7/12/10
to Keith
Keith,
What has become of the convertible shares that were issued to pay off that debt? If they were bought then so should ours. Look into it so my lawyer doesn't have to. I want my money back. Pay us .001 per share and we will all go away. Should be very simple. Knowing that the COB was one of the creditors, I'm sure there is a conflict of interest. Foreclose on the assets and then sell them so you don't have to pay the shareholders. I'm sure the SEC would find that to be very shady. Tell your company management and or Telogis to do the right thing and buy the shares from the minority shareholders.
Thank you,
Mark Quinlan
Mark Quinlan josh642@gmail.com
7/14/10
to Keith
Where is this so called letter we are supposed to get? Next stop SEC. I know you probably don't care. I'm sure the powers that be at Telogis would not like it if they were also reported for shady practices and screwing over minority shareholders.
Keith Moore kmoore@remotedynamics.com
7/16/10
to me
Hi Mark, no shares (convertible or otherwise) were purchased by Telogis.
Sincerely,
Keith Moore
Remote Dynamics
400 Chisholm Place, Suite 411
Plano, Texas 75075
+1 949 373-7281
kmoore@remotedynamics.com
From: Mark Quinlan [josh642@gmail.com]
Sent: Monday, July 12, 2010 6:59 PM
Keith Moore kmoore@remotedynamics.com
7/16/10
to me
Hi Mark, it was mailed to the shareholders of record. If you are a shareholder of record you will receive one.
Sincerely,
Keith Moore
Remote Dynamics
400 Chisholm Place, Suite 411
Plano, Texas 75075
+1 949 373-7281
kmoore@remotedynamics.com
From: Mark Quinlan [josh642@gmail.com]
Sent: Wednesday, July 14, 2010 1:34 PM
To: Keith Moore
Subject: Re: Re:
Mark Quinlan josh642@gmail.com
7/16/10
to Keith
Then what happened to the shares? I'm sure the Chairman of the Board and the CEO are loving this deal. Screw the little guy.
It doesn't take that long for mail to get from Plano TX to Plano TX. I have been a shareholder for a year and a half now. I live in Plano TX.
Keith Moore kmoore@remotedynamics.com
7/16/10
to me
Hi Mark, the assets of the company were foreclosed upon by the creditors of the company. There was no purchase of the company's shares by Teolgis.
Sincerely,
Keith Moore
Remote Dynamics
400 Chisholm Place, Suite 411
Plano, Texas 75075
+1 949 373-7281
kmoore@remotedynamics.com
The assets were foreclosed upon by the debt holders. They were not sold from RMTD to Telogis. They were sold by the debt holders/assets owners to Telogis. I'm glad to see something actually happening here. We just need to get the facts straight. I wish I hadn't had the sell order in at .0004 especially if this does continue upwards. But at least I got my initial investment back. Yes, I got mine at .0004
I love it when I'm wrong. I just checked my account to find that my sell order @ .0004 went thru and I got my money back after all these years. I might have missed a larger payday if this is moving big as you all seem to think. But at least I finally did get my money back. Good luck all.
He knew what you meant. He, just like the others here, can't seem to just give a straight answer without trying to make you look like a fool. I'm sure I'll here about this as well.
I got hit with that too. I called to find out what it was and was told it was because of the stupid R/S. The told me as a courtesy they would refund it. Give it a try.
I have a question. Not sure if it's come up here before nor if anyone will even answer.
CC sales are based on levels of production. Are there any sales levels of the product being produced tied to the sale of the credits? Or can they just produce yard after yard and just leave it there?
Did you see that 3 share trade @ .008 for a whopping .024 cents?
One of the things that I took away from the visit was the smell, or lack thereof. I know I mentioned this back when I went there. Still thought it was different to stand on a pile of fertilizer/compost and not smell a thing.
It's nice to know that I can get so much response from y'all. I guess cause none of you have any actual informative information about our investment you have to stoop to this level. I'll bet none of you have even been to Castleberry.
Exactly
You must love Obama the way you so quickly think about him. I for one hate the guy and everything he stands for.
You are a joke, period!
Wow was that enlightening....NOT!!! The other individual has spouted a lot of stuff that has almost never come to pass. Like that "16 hour" comment not too long ago. I actually thought you were one of the enlightened ones. Maybe I was wrong if that is all you could come up with.
Thank you for that even though it wasn't enlightening nor from one of the enlightened ones.
Since Majo knows nothing. Enlighten him oh enlightened ones. How much longer is this going to be dragged out?
And the slide begins. Either Pete is keeping the news to himself or trying to figure out a way to keep the proceeds from the CC sale to himself. One never knows.
I responded to the statement that money was needed to add photos. That's all. I know the company is cash poor. Read what is written here correctly please.
What kind of money is needed to upload some photos to a website? Sounds like a bunch of Hoo Ha to me.
Another typical Friday with no announcement. We have one determined seller with rather weak hands. I guess this is good if you wanna get some shares under a penny.
Key part here is this...
That Juarez news from 2008 was projected at 200 Million dollars for the duration of the contract...
It was pure speculation based on that sentence that pushed the PPS up. What do you think a CC sale in the books with other sites in line to develop will do?
Looks to me like someone made an oops. If you saw Level II just before the dump you would agree that it seems someone put in, stupid as it may be, a "market" sell order. The bid levels were .01, .0086, .0085...and so on. Just a thought.
I have not sold a single share.
My only point was that it has not been sold yet. Not that it wasn't being sold.
I have and spoke with the CEO. Said that he knew of your call and you were told there were interested parties in the shell but that no sale has been completed.
It might be on the market but has yet to be sold.
Next stop, no bid. Sorry but it's just the way these things go.
So, you delete my post for what ever reason but the personal attacks on me are allowed? Then again, I see who the moderator is.
Sorry to be a stickler here but I can't help it. You say you blinked and I'm assuming you meant you just missed copying that last paragraph. If that is the case, how did you manage to miss the last paragraph but still get the salutation after it?
All encouraging yet nothing concrete.
That was a rhetorical question. One that isn't would be, what's the point of it?
1 share trade at .0054? Is that even possible?
I'm looking for .10 by Feb 1st at the latest. But we need something from management to assure us we will even get back to .01
Because I had to ask for explanation of your post I simply said.
Yes, I'm not smart but in a not so smart way.
Yes I knot smat. How does "the following" apply here?
Does anyone here know what "seq" means on the level II chart?
You are off a decimal point. Low for the year was .0011 and it's not like it was there most of the year anyway.
Today and tomorrow left for tax selling. Hopefully some buyers will start showing up on Thursday.
I don't think it's been mentioned but I think that's because it is not connected to GLEC.
This is out of that hyperlinked article. I'm pretty sure an IPO is with a new ticker symbol. Not sure they use a shell.
“We are looking at late 2014? for an IPO, he says.
I guess when the IPO launches we will all know the fate of RMTD. Too bad we have to wait up to another year.