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Yes, please do.
Adrian and Dr. Mugs,
Could you post a link to, or better yet, post the actual forms you have received from the FDA via the FOIA requests you have obviously come accustom to obtaining. I'm sure I'm not the only one here that is not up to the challenge of getting it ourselves. You would be doing us all a world of good if you could do this.
Thanks in advance.
What happened here today? At .05 one second and now someone is selling cheap at .036 . Makes no sense to me.
Go for it Harley, just keep it real.
Homer, just curious...why do you keep saying "NEAR" real time?
That's just the ask size.
I for one believe you.
There is no way anyone at the FDA would make a judgement like that on the phone with someone they don't know. They would get booted in a heartbeat. That's ok. It's all good. We will all know soon enough what is fact and what is fiction.
IMHO
Janes has had at least two doctors confirm that it works. They are insiders and cannot divulge the information. They have already convinced their hospitals to get on the list to purchase the units. The real time demo could not be shown at the open house due to it being insider information. This is a fact. FDA approval is right around the corner.
Assuming FDA approval, please speculate PPS on day of announcement. No need to speculate if it doesn't get approved. That's a no brainer.
What's all this April this and April that coming from? Not sure bout what will happen then. I do know that Friday is Fin day....woo hoo
Hey Track, I hope you are right. First time I met these guys at their Chisolm Place location, they were very evasive. I only asked what the company did for business and they wouldn't answer. They only kept saying, look at our filings. One of the debt holders was the Chairman and he was part of the sale to Telogis. Again, I hope you are right.
Here are two e-mails I got back then. One from Remote Dynamics and one from Telogis. I will be happy to forward the e-mails to anyone who would like to see them.
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
Tina Shilling tina.shilling@telogis.com to keith, me
show details 7/2/10
Telogis bought the REDIview business from the Remote Dynamics secured creditors after a foreclosure. Telogis does not have any information about stockholder issues. The company, Remote Dynamics was delisted as a public security earlier this year. There is a press release on the Remote Dynamics website about it, “Remote Dynamics Files Form 15 with Securities and Exchange Commission, 2/26/10”. For more information on what this means to you, please contact Keith Moore at 949-373-7281.
Thanks
Tina Shilling
Marketing Director – Telogis, Inc.
www.telogis.com +1 949 389-5527 (office) +1 949 632-5770 (mobile)
One Platform for Location Intelligence
I think this is a true lost cause. The debt holders foreclosed on the assets of the company. Nothing was left. They then turned around and sold the assets to Telogis. Our shares are still in tact with the company. Basically an empty shell now. Telogis has no legal obligation to us. A moral one maybe, but not legal. Not happy about it either. Just the way it is.
They did announce a year or so ago that they were going to do just that. Buy back shares that is. Not a word about it since. Very frustrating to see the lack of activity here.
A healthy debate here is good for all. A lot is opinion and a lot is speculation. Some is also actual facts. To help us all. How bout we see who can post the most links that prove their side of the argument. Those that are against as well as those that are for this project. It will be interesting to see which side can provide the most proof.
When Janes comes back with the FDA approving his protocol, what can be done to prove or disprove that this information is accurate?
I'd like to know how much the lease's will cost and if they are paying cash or issuing shares. I hope with the type of income they say they have, they will be paying cash. Thoughts?
What reason would the FDA have for even accepting the request for a face to face if it was indeed a scam. Do companies have to pay the FDA to get these approvals. Please enlighten me.
Sorry to all here. I jinxed the whole thing by buying some shares. I buy and prices go down. I sell and prices go up. Or at least it seems that way.
All it takes is one mans idea to create something big. Just because that one man doesn't work at a large corporation, doesn't mean it isn't a game changing idea.
How can it be proven either way whether the information he is submitting to the FDA is actually happening or not?
It's dropping yet again. I think it ran up too fast. Thoughts?
I guess we will all know in time.
HUH ????
Where is everyone? It is so disappointing how this has done nothing. Great numbers and absolutely no real movement. UGH
I heard that Terry has passed away. If so, we should stop trashing him, don't ya think?
I hear ya. You are dead on. That is what makes it even more confusing as to why there is no real movement. I'm all in with this. Just trying to figure out what is what.
None of this makes sense. Unfortunately, the only thing that can explain this would be that it's not a legit company. The thought of that sucks, in my opinion. I have very high hopes here. The amount of money they report that they are making and no movement here scares me. Something isn't right. Please give me an alternative reason for the stagnation.
I think this might be a case where silence isn't golden. A nice wide spread PR campaign just might do the trick. No fluff, just facts. The facts alone spread across the financial news wires is what I'd like to see.
Ok, where is everyone?
What is going on here? Great numbers and nothing to show for it. What do they have to do to get this thing going?
Thoughts???
Yeah, what red flags are you talking about.
At least it moved a little. Not sure if it was enough volume to grab any attention. Guess we will see. That share buyback would do wonders regardless. Wait and see.
Ok, enough is enough. Numbers are unbelievable yet no movement at all. What, or more importantly who, is holding this down? It's a China stock...blah blah blah. It's just not right. Show me another company with these type numbers that is down this low. Yes, this is me venting. Thoughts?
It must be manipulation. The only trade so far today was a whopping $36 transaction. If that isn't manipulation, I don't know what is. Here is hoping for a good Q2 and legitimate numbers going forward. Great price to pick up more but not sure I want to chance it being other than legitimate.
I don't get why it is going down at all. Guess it's the typical MM's messing with it or they are for real. They have been on my radar and in my portfolio for quite some time now. So my guess is the MM's.
Damn, someone dumped a bunch cheap today. Hope it was just cause they needed money.
If they are trying to keep it low, it would make sense to buy back in small lots. Otherwise, wouldn't it drive up the price?
Forgive my obvious ignorance here but, weren't they already on OTCQB? Isn't that the same as OTCBB and not Pinksheets?
At the risk of sounding really dumb, could you please explain the accumulation line? The moving average lines I get, I think...LOL. Any help is appreciated.
Hopefully once they get more attention and they show Q2 numbers, we will go up to where we should be. That much net income is too much to stay at .03