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A little slow today. EOM
This co will do whatever they have to to survive no matter who they screw. We have been screwed. EOM
I think this has played itself out. MM's can't sucker anyone else in. Looks like a write off. GLTAU
I've lost any hope for RMDM. Going to try to get out @ .0003 and move on. This is an MM toy not an investment. JMHO. GLTAU
This has had 2 news PR's with no resulting pps movement. GLTAU
First time in awhile I've seen buys @ .0003. GLTAU
That's the trap Chris. This should have moved up on the 2 pieces of news but the MM's are still in control. JMHO
Buying @ .0003 and selling @ .0002 again. GLTUA
No! No one knows anything and everyone is speculating. The last thing these guys want is to have to give anyone any money. JMHO. GLTAU
I don't think anyone is getting any checks from anyone. Just board posters. GLTAU
This saw it's jump on bogus news to .0008 or so. Looking for .0003 to get out and won't look back on MCCI ever again. JMHO. Have a great weekend everyone.
We should have seen a positive move on the pps. They had a 1.6 mil dollar contract and then positive quarter with no pps gain. Dissapointing. Thought we would see .0005 today, no dice. GLTAU
The trades screen shows 30000 buys @ .0003, the rest are sales @ .0002. MM's are playing a .0001 margin. Let me know if anyone can buy @ .0002 but I don't think so. JMHO. GLTAU
You mean .............. they lied! Lions and tigers and bears, oh my. GLTU
I'm stuck @ .0003 unfortunaley. I just want to try and break even and get out. This has been going on for over a year, I don't see it going anywhere. JMHO
GLTAU
Wouldn't you think the pps would jump on news of 1.6 mil dollar contract? I'm just sayin.
You can buy @ 3 and sell @ 2.That's the .0001 gap the MM's hold you to. JMHO
It's time to make some dough here people. Dow is up and Nadaq is up. We might see some movement here, be ready. GLTAU
I don't think I'd get rich with just 2 mil shares but it would be better than $0. GLTU
I put a GTC in @ .0006. I think I'll just wait and see. GLTAU
Just FYI. I got this a week or so ago from RMTD. Just reporting guys, not giving an opinion. GLTAU.
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
Is this dead in the water? Been in for 6 months now and can't see any light at the end of the cliff, I mean tunnel. GLTA
Just recieved via email:
Hi Gerald,
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
GLTAU
I recieved a callback from RMTD. The noteholders forclosed on the company by obtaining their assets and then Telogis bought them. He did not show me as a shareholder of record and I bought throught TD Ameritrade 1 1/2 years ago.
There has been no chonge to the stock, it still trades but it's mostly MM's in 5th digit's making any money. It will eventually just go away.
Here is the number: 949-373-7281. Contact your broker in regards to your shares. That's all I've got. GLTAU
Ramslnfiniti, please have little plastic statue's of yourself made for the dashboard of all our cars for your presents obviously blesses us. EOM
Well, we've got news and a contract, why is the pps sitting still?I'm just sayin. GLTAU
Why all the games? If this is dead then put it and us out of our misery and move on. JMHO
This is the most posts this board has had in a year. Hope we don't get screwed ........... again. GLTAU
The problem is that too many people int the USA don't have jobs. I don't think we're looking at a lack of desire or effective product, we're looking at a lack of money.
The automotive industry was one of our most powerful markets but we are loosing that position. We had, "The Big Three" here but now have only Ford holding it's own and GM just barely holding on. GM's sales have gone up quite a bit in China also and have paid Uncle Sam back their loans.
China has grown at a terrific rate over the last 10 years and is now feeling growing pains as did Japan. If their economy stalls, (and it might) then Ford and GM will see a slow market again with a weak USA economy. This isn't over by a long shot and things could get much worse. JMHO
GLTU
It might be good for the stock but it's very bad news for the USA. The Chines bought more new Fords than we did. We're in trouble. GLTU
I emailed Telogis from their site and asked about our position as RMTD shareholders. They are closed today ( I called ) so I'll hopefully get a response Tuesday. GLTUA.
A little cloudy with the posibilities of showers here.
GM all, can we get to .001 and get out of here now? GLTAU
Hey Silk, rich to me is a million bucks. With only a million shares, I need a buck to reach dreamland. I don't know if I'll live long enough for this to go to a buck. GLTAU
No idea. I think the company that bought interest in MCCI might have done so to get some U.S. Govt money. JMHO. Just like to see 4's again and I'd be happy. GLTU
Just posting to keep the board alive. GLTAU
I think this stock has a chemical imbalance. One day it's happy and the next it's not. Many here have been looooong on MCCI, it's time to get some rewards for all the patience. GLTAU.
Hopefully it will run up again. GLTA