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Like DDSU and such? Aren't they getting sued for hijacking new shells?
Uninformed?
Yes, I guess you are.
When a company lies repeatedly in their PR's, they shouldn't be considered a scam?
Do you know how to read a Balance Sheet or Statement of Cash Flows?
They lied about using the remaining AS for the merger or those shares would be retired. See above question about 1.875 billion dilution and what the current float may be. They blamed the decline in pps on the shorts. When they were the one that drove the pps down by diluting and not telling their prized shareholders.
They stated the DD on the Loadcom merger would be done in April. And they have nothing to report? The merger with the TV production company? Revenue for the Spring Lights Festival illumination contract?
They recently stated they would not consider a RM. Doesn't that take Loadcom off the table? They're a lot bigger than RMDM. Why would they take a step down and submit to acquistion by RMDM. They have no shares to offer Loadcom. They certainly don't have enough cash to offer them.
Etc.,etc.,etc.,etc.,etc.,etc.,etc.,etc.
Scam?
Absolutely, in my opinion
CHECK YOUR FACTS ON GOIG!
At the time GOIG made their run the OS was 1,518,584,290 shares on an AS of 2,400,000,000 shares. Much, much, much less than RMDM.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=31936
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"very small" dilution?
When they diluted the first quarter, where did those 1.875 billion shares go? A float that goes from 1 billion shares to almost 4 billion shares is considered "very small" dilution? Good luck with that reasoning.
"ULA starts in September"
What day is the IPO scheduled for? Did they get a 10 million dollar loan? Did they lease a distilling plant? Did they buy the equipment? Has it been inspected by the ATF? Has a distilling license been secured?
"Money from tidi gaming!!..oh don't exist....YES EXIST"
Is TDI Gaming listed on the German exchange? Did they sell the TDI stock they had? Do they have a "bridge loan"? For how much? What did they do with the money? What company would buy stock back and turn around and sell it again? Nobody would, that's why it never happened. JMO
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OF COURSE THEY'RE NOT DILUTING.
They don't have any shares left to issue. It's not that they aren't going to dilute, it's that they can't dilute. Ask them how many shares they issued between January and March? Ask them why they lied in their PR'S (which you so covet) and said those shares issued between Jan-March, would be used in a merger or retired? Ask them what the current float is? 1.9 billion? Or, 3.775 billion? How is that share reduction coming along? JMO
Where is the cash coming from?
The only reason they had a profit last quarter was because they sold 1.875 billion shares. They claimed the money from TDI Gaming was used during the stock buyback, by way of a bridge loan. They certainly haven't made enough cash in the 2nd quarter to swing a merger. JMO
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I wouldn't include TDI Gaming or ULA in the valuation.
The ULA IPO will probably never happen. They have to get a distillers license which doesn't happen quickly. They have to have the manufacturing facility and equipment installed for the ATF to inspect it. Then they have to run test batches and submit them for approval.
Since ULA has no money, they can't get the plant and equipment until an IPO is completed. Is there a concrete date for the IPO? If it was going to happen this fall, the date would be set well in advance. RMDM wouldn't see anything in return from ULA for at least a few years.
Has TDI Gaming completed an IPO? Weren't they going to use that money in their fraudulent stock buyback scheme? Is there a bridge loan that needs to be paid off? You do realize the profit from the 1st quarter was because of the shares they sold during dillution don't you? JMO
Why is it at .0002/.0003?
Because of all the shorting. None of it has anything to do with the company. It's all everbody else's fault. They may even blame you for the low pps in their next PR.
Could be time for a run.
There was hardly any response to their last PR about the 1.6M deal. Not a good sign. That's the type of PR you would expect to see something from. But, the way it was taken down to .0001 then back up to .0002 and now back up to .0003 in a little over a weeks time. Makes me think something is about to happen. Not sure if it will happen before or after the release of 2Q results. Where did that $66,000 in profit come from last quarter? They have nothing left to issue this quarter. JMO
Remember these PR's?
They stated that the additional AS would be used in the merger and if it wasn't, it would be retired.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=28250
"RMDM's authorized and outstanding share structure will reach
9,888,000,000 with this merger. All stock issued in connection with the merger (approximately 2,500,000,000
restricted shares) will remain as restricted stock. If the companies do not proceed with the merger or business
relationship this stock will return to treasury and will be cancelled."
As we know, there has been no merger and those shares were issued between January and March. It's all in 10Q from the last quarter. The AS is nearly maxed at 9,740,028,133B shares issued on a 9.888B AS.
As far as any stock buyback is concerned, according to this PR:
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=31660
"In other updates, the company may use this certificate and or cash and other instruments it secures in its quest to formulate a new additional merger with a China based second operating company in the IT industry"
So they buy them back and turn around and sell them again? Selling them, not using them in a merger. How does that help?
If the shorts are buying to cover, like some claim, then nobody is actually investing in RMDM. Right?
Short Interest?
The short interest, according to pinksheets.com, is only 32 shares as of June 30th. Can you explain the numbers to me on why someone could or would take a large short interest in this?
Over the past 10 days the average volume has been around 35 million shares. The past couple of days has been all buy volume (which of course didn't move the pps). There was only $7,000 in trades today. What person is going to short at this level? It makes no sense. They would only profit a couple hundred dollars and they would have to be the one doing all the buying. So any buying action over the past 10 days is not a good thing, it's a bad thing. Right? JMO
10/50 sma "Golden Cross" almost complete. The last time a cross happened, we ran from .0004 to .0075. JMO
Stock Buyback?
Isn't it convenient that they can't say who they got the certificate from or what they paid to get it?
And what did they do with those shares? When they reclaimed the certificate (if it's even real), they said the shares would be retired or used for a possible merger. Is that what happened? Or, did they turn around and issue them? How is that share reduction?
You should have your answer when the next 10Q is posted. Given the fact that they diluted from Jan-March with shares they said would be used in the merger or retired as well, it's easy to predict what happened to any repurchased shares. Read the PR's, they lied about what they were doing with those remaining shares in AS. What ever happened to that bridge loan? JMO
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Yep, 46% of total volume was short volume.
The MM's short the stock every day. If an order comes in and there is no matching order in que, the MM covers it themselves and then shorts the stock to get their bid/ask spread. Check the daily FINRA SHO report for daily short volume.
Get ahold of anyone at RMDM right now and that board would give you more than a kiss. Now HTDS is trying to jump start the pps with a new fake offer on one of their subs from AGIJ. JMO
"RMDM are not diluting"
These people are unbelievable. Of course they aren't currently diluting. They already did it from Jan-March. They don't have any shares left.
"majority of the outstanding shares are in control of our shareholders"
I don't know where to start with this one. Are they finally admitting they dumped all of those shares last quarter on the open market? And in so doing, doubled the float to around 4 billion shares? Are they admitting that they lied about what would be done with the shares they diluted with?
They're blaming others for the depressed pps? They caused it, they are the "market forces". It wasn't from shorting. Even now they think people are buying their BS that shorting is still causing the low pps. I'm not sure what the average volume has been the past month or so. But, let's say it's 60M with half of that being shorts. Who shorts 5K of a sub-penny stock that will only give a few hundred bucks in profit? What happened to the mergers? What happened to that bridge loan? What happened to the share buyback? They bought some and turned around and sold it. These people belong in jail. JMO
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Yep, your right. The first qtr. 10Q came out on April 30 for the period Jan-Mar, exactly 1 month after the end of qtr. So the end of July for the 2Q covering April 1 to June 30.
Is the second qtr. 10Q expected any day now?
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I guess charts don't work on pinks!
"If low volume continues, it will threaten the 50 sma support at .00022. It has already closed under the 10 & 20 sma. It's starting to form a "death cross", the 10 sma is already going down and has crossed the 20 sma. If they don't get news out soon, things could get ugly. Perfect opportunity for those who chased it during the run-up to average down."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51662817
Why do you think this means anything?
All it means is that the number of posts has increased. But, all of the posts are being made by the same 3-4 people. This is a pink, if it doesn't move the day the press release came out, it never will. Check the historical prices for RMDM on PR days. JMO
Did you read the 1st quarter financials?
Check the SCF and SSE/D. They diluted by selling 1.875 billion shares between January 1 - March 30. Where do the shares go when they sell them? JMO
It didn't close under .0009 so that support level is intact. Until it closes under .0009 that support isn't broken. It's done exactly what it's supposed to do, it retraced, tested the 50 sma and bounced off. The slow sto shows that it's oversold and mfi is starting to perk up. It's positioned itself perfectly for another run.
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As of June 15, the HUGE short position is 32 shares according to pinksheets.com. What I don't understand is why don't pumpers talk about the fact that the FLOAT HAS DOUBLED and is almost 4 BILLION shares. The shares the company issued last quarter were sold. Where do those shares go when they are sold in the open market?
Why does the number of people who could flip it have any relevance? 9M did almost nothing? Then why did it drop?
It's a simple concept, the (5) people who bought at .0002 on Monday could have sold yesterday at .0003 and secured 50% profit. The first sell order yesterday dropped it down a tick. That was only a 1.5M share sale. There was a group of sells in the monrning and group of buys in the afternoon. That buying pressure in the afternoon wasn't strong enough to take it back up, so we closed down. Those 9M didn't play a part in the days action? Any sale will bring it down, 100K or 100M shares it doesn't matter. It's a pink, it takes 4 or 5 times the number of buys than sells to move the stock up.
OTCBB website has the bid at .0002 and ask at .0004 at close, computer glich? Doesn't matter anyway.
http://www.otcbb.com/asp/Info_Center.asp
Finra SHO Report from 6/28
20100628|INBG|6370000|16094439
Short Volume: 6,370,000
All of the short volume are buys made by the MM, a little over 6M, so out of the 15M; 9M was bought retail. Like I said, it doesn't take very many shares, when sold, for this to go down. At the start of the session today a sell order of 1.5M dropped it. So anyone who was lucky to get some of the 9M .0002's on that day could have sold them for a 50% profit today. Right?
Too big a gap between OS and AS. That makes it hard to attract buyers. A RS would do it. Do they have a no RS policy out there anywhere?
No, that's not good. Hard to move up when there is no support underneath you.
So you're saying it closed at the bid? Possible, but not likely at all. The bottom line is .0002's were bought on that day and flipped today.
"How can it be taken?"
2 days ago it closed at .0002. The bid dropped to .0001 and the ask was at .0002. If anyone picked up some shares at .0002 they can sell it today for 50% profit, right? Volume at the start of the day was all selling. One sell order for far less than a million shares can bring it down. Total volume 2 days ago was only 16M, what portion of that was buy volume at .0002? I'm not sure. But, like I said, all it takes one sell order to bring it down. Profit taking is playing a role as are MM shorts I suspect.
Then consider yourself lucky. But, that also means things are worse off than thought. The percentage of total volume that's sell volume is something like 3 to 1. There's no support, that's not good thing.