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Thanks but I am already aware of what a reverse split is ......
I've been through two of them here already ........
What happens to my stock when my company sells its assets?
http://uk.answers.yahoo.com/question/index?qid=20100624085908AA59FtF
I'd like to meet that 25 to 30%
I'd imagine "IF" this is a rm or buyout or w/e there is going to be yet another MASSIVE reverse split.
100,000 / 1
low end I'd estimate
rinse and repeat.
EXACTLY. Telogis bought assets from RMTD. NOT EVERY ASSET.
Whats left? ABOUT 15 BILLION SHARES AND THE BAG HOLDERS TO MATCH
No they didn't. They did it to raise cash because the defaulted on loans.
Read the whole 10Q
The RDYM imo is the old ticker for the company when it was lsited on the Nasdaq. I think it was in 06 When it delisted and started its slue of Reverse Splits and A/S raising
They are not telling us.
It was a telogis press release
Flem, Remeber RMTD (David Walters) and co.
Check out the recent news.
You Want some good info PM this Ihub Member.
http://investorshub.advfn.com/boards/profilea.aspx?user=22139
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40122389
Here's a good one.
ITEM 1: LEGAL PROCEEDINGS
In November 2009, we were served with a Citation in Delinquent Tax Suit filed by the Richardson, Texas Independent School District (Cause No. 09-40202, District Court of Dallas County, TX) seeking $78,000 in back taxes, penalties and interest. Dallas County, City of Richardson, Parkland Hospital District, Dallas Community College District and Dallas County School Equalization Fund have intervened in the suit and are seeking an additional $46,000 in back taxes, penalties and interest.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=6889638
More:
ITEM 3: DEFAULTS UPON SENIOR SECURITIES
We have failed to comply with certain of our other obligations relating to our secured convertible notes, including our failure to make scheduled principal payments and to register for resale the shares of common stock underlying the notes and warrants issued in the related private placements. The notes provide for a default interest rate of 10% per annum on the outstanding principal amount of the notes for periods in which certain specified events of default occur and are continuing and for liquidated damages for non-compliance with our registration obligations. As of September 30, 2009, we have accrued $1,916,418 in default interest and liquidated damages under our secured convertible notes.
Our non-compliance with the terms of the notes also exposes to the risk that our note holders could seek to exercise prepayment or other remedies under the notes. We have received one outstanding notice of default from a holder of our Series A Notes. The notice demands immediate payment in cash of $287,500. To date, we have made no payment in respect of the note holder demand and it remains outstanding.
from the same Nov 10Q
We do not currently have the cash on hand to repay amounts due under our secured convertible notes if the note holders elect to exercise their repayment or other remedies. If our efforts to restructure or otherwise satisfy our obligations under the notes are unsuccessful, and we are unable to raise enough money to cover the amounts payable under the notes, we may be forced to restructure, file for bankruptcy, sell assets or cease operations.
Taken from the last 10Q
ITEM 4: SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
On November 3, 2009, our majority stockholder gave its signed written consent to action without a meeting (i) to approve an amendment to our Amended and Restated Certificate of Incorporation to authorize 10,000,000,000 authorized shares of our common stock having a par value of $0.00001 per share. These matters are described in our definitive Information Statement on Schedule 14C filed with the Securities and Exchange Commission on October 13, 2009
This is what they do. They don't need to have a meeting. The board of directors is the Majority.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=6889638
it was all in the last 10Q's that were filled.
Apparently They sold their assets.
They do not need a vote from shareholders to do this because they are the majority.
I'm not sure if they have sold there building in Plato, Texas.
Who knows maybe they were leasing.
Purchasing has never been a problem.
I know investors that have had sell orders in at .0001 for over a year with no takers.
Normally some form of supermajority is required for this sort of the offer to be approved, but once it happens then usually all shareholders are compelled to sell at the agreed-upon price and the company either becomes a subsidiary, ceases to exist or becomes privately held.
That says it all. RMTD Board of directors owns the majority.
We will never know (non-reporting).
For anyone that's thinking about investing here I suggest that you read the last two 10Q's, This will tell you the whole story here.
Quote from the 10Q. "We do not currently have any arrangements for additional financing and we may not be able to secure additional debt or equity financing on terms acceptable to us, or at all, at the time when we need such financing. Further, our ability to secure certain types of additional financings is restricted under the terms of our existing financing arrangements. There can be no assurance that we will be able to consummate a transaction for additional capital prior to substantially depleting our available cash reserves, and our failure to do so may force us to restructure, file for bankruptcy, sell assets or cease operations".
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=6754471
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=6889638
Good Luck Stranger things have happened!
Imo the board of directors have the final word there.
Easy Answer.
The same way they could raise the AS by 1,000,000,000,000 shares.
Unfortunately IMO Part owner, as in less than 50% is key.No voting rights.
The more I look into it, the more I think RMTD shareholders finally got the ultimate shafting.
Could be wrong who knows ....
CONTACT:
Tina Shilling Marketing Director
(949) 389-5527
Press@Telogis.com
"Telogis® Expands Reach into Construction, Heavy Lifting Sectors through Remote Dynamics Acquisition
Acquires assets of Plano, Texas-based fleet management software provider to broaden industry reach".
Anyone care to make contact?
FYI - VERT dillutes
Thats what the press release says.
Jul 02, 2010 (M2 EQUITYBITES via COMTEX) -- Location intelligence company Telogis Inc stated on Friday the completion of the acquisition of the assets of Remote Dynamics Inc (NASDAQ:RDYM) (OTCBB:RDYM) for an undisclosed value.
http://www.otcmarkets.com/stock/RMTD/news
UH-HUM
Telogis website
http://www.remotedynamics.com/
Hopefully this is the news I've been waiting 2 years for LETS GET THE BID UP !
Hopefully this is the news I've been waiting 2 years for LETS GET THE BID UP !
LOL, no problem that's what I figured.
!!!! Great, But I am already aware of what a 2x 3x ETF is ...
Major Doomage coming for the Markets?
FAZ heading upwards ^^^
Energy Bear ERY almost a 10% move today ~~~
HE'S BACK !!!!!!!!!!!!!
Ex-Lehman CEO Fuld Makes Return to Wall Street.
Published: Friday, 14 May 2010 | 6:47 PM ET
Text Size
By: Reuters
http://www.cnbc.com/id/37159098
Former Lehman Brothers Chief Executive Richard Fuld has returned to Wall Street.
Dick Fuld
Since May 6, Fuld has been employed and registered with a New York firm called Legend Securities, according to the Financial Industry Regulatory Authority BrokerCheck website.
A man who answered the trading line at Legend Securities said Fuld was not at the firm. When asked if Chief Executive Anthony Fusco could comment, he said, "The CEO is out and we have no comment," and hung up the phone.
Fuld could not be reached immediately for comment.
According to Legend's website, the broker-dealer engages in stock, fixed-income and options trading as well as investment banking.
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Vilified after the fourth-largest investment bank collapsed and triggered a global financial crisis, Fuld is not listed as a member of the firm's management team.
Fuld's last public appearance came in April, when he testified before the House Committee on Financial Services. Lehman's examiners had reported that the investment bank, before it collapsed into bankruptcy in September 2008, had engaged in repurchase agreements to reduce its reported debt levels.
Another 'Freefall' to Push Dow Below 5000: Strategist
http://www.cnbc.com/id/37126552
Totally Awesome "FACT" DUDE!!!!
Thanks for the insight.
yeah, Traders love FAZ for protection so IMO we'll move up.
I love these financial bull/bear ETF's. They make for some sick trading especially when the market is volatile.
Dow to Tumble Near 4200-5000 by Mid-2011: Strategist
Certainly not out of the realm of possabilities.
http://www.cnbc.com/id/37065807