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D$D done in 2010 and reported short comings are right in line as expected. no gains here for us longs.
Yes it is indeed and I have taken the stand it portrays since day one and to date it has been pretty much dead on.
Just a reminder/refresher...
Here again is a copy of the original e-mail from Keith
Hi Jeff, 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
sell orders at 2,5,9 what??? are you kidding me come on folks please keep it real we can't even sell it for 0.0001 we all have a better chance at winninga power ball jack pot then becoming multi millionairs with the remains of are shares here.
nice new website they have,to bad are shares don't look as good.
not really as we will all be taking a big hit with little chance to recover I'm guessing.
lol haha I see your still the possitive dreamer....:o) Never realy gone I just lurk in and out from time to time lol haven't realy seen anything new to debate pretty much seems the same as it was a few years ago. but for the newbies and the hopeful dreamers I would suggest atemting to contact one of the "OLD" Remote Dynamics partners.....
correct as was said from the begining of remotes dynamics in house people the slim chance excist if they come up with something special or if Telogi's were to decide to use the shell and go public but the later of those two scenarios although would be the best for us share holders is unlikely do to all the negativities that suround the shell from the inside out. But we can hope,dream and wish as what other choice does one realy have with a dorment 0 bid support stock? GLTA
do relise how many times that has been said over the past few years?
Looks like the same things are going on here just like they were with the same out come, 0/0=0 unfortinately I think if some of the newbies here take the time to look way back they will see King and myself tried telling everyone we were in a sinking ship. GLTA
I hear ya, just trying to keep it real and point out some of the false info that has been posted here, trust me I have been on this thing prior to everything falling apart and made e-mail connections right after it happened and although I would love it if I looked one day and found a extra 100K in my account I would be ecstatic but also a realist and feel the info obtained from day one has been accurate. GLTA
Well as I have told you before some folks on here have several times said something was going to boom here and as I said then and now they are just putting false hopes and I am somewhat they are continued to be allowed to post such deliberate false info. I understand speculation and such and that is fine but I have seen some post basically guaranteeing this shell to explode, does someone have insiders info? I doubt it and if they did that would be another BAD thing. you have seen me make post for well over a year and I have been pretty darn accurate because again IMO there still is no positive connection. GLTA
Do you see anything on the bid? because I don't and if anything is in the pipeling trust me the MM's will be all over the bid.
Unfortunately it means nothing of any positive impact for us.
They are not one in the same, sorry but you know have been telling you this for over a year,do you remember the e-mail I posted way back when?
Inside sources said from the beginning as did I that the likelihood of anything positive happening with this was slim to none. do your research and you will see really couldn't have been spelled out much more clearly and you need to keep in mind that when talking about the acquisition of assets they are speaking of assets such as technologies and maybe some physicals but that is it and does not include stock shares in the still technically in assistance RMTD "IMO"
You do realize this post confirms they "ONLY" acquired "assets" of RMTD thus as have been saying for over a year leaving us with a empty shell
lol ya such a good secret it doesn't even know itself!
No No not July it's the second Tuesday of next week
Ya me to then I could start gold mining but unfortunately still don't see it happening thus why offering a rare opportunity to other mindful investors
Hey folks I have a great deal I'll sell you a million or shares for a mere 250K (this should be enough to get my gold Mining opportunity up and going. This seems like a great deal according to some folks. or if your just as interested in gold investment let me know. GLTA.
Think this volume is coming from same place it has last few times we have seen volume and still with no bid or no movement up on ask then back to dormancy IMO it;s just from well cant say the word here but read between the Line /P/ hope I'm wrong but as many know haven't been for the past cpl years now GLTA and happy new years!
Still nothing new hear same as has been and I see that there are still unforgivable promises being made, hmmmmm didn't IH get in hot water for this in the past? just saying.........regardless still no bid and no choice. serious investors......Gold is where you need to look. :o) contact me if you would like more info on that as well.
I'm not sure I would agree as here have been plenty of post promoting empty hopes for well over a year now which IMO equates to "P" word as well.
Global, Glad your keeping up with this and hopefully everything will eventually work out, At this point I think it will be some time before we really see a significant rebound but hopefully in time though are patience will prevail :o)
GLTA...
The Mimi Walters News basically "OLD" news means nothing in regards to any of us hear getting a cent,will she be fined or? maybe but that will not get us anything so still same ole thing.....But there is hope and gold is where it's at stop over here sometime... http://www.facebook.com/jjfish1 if anyone themselves or may know someone that is truly interested in the possibility of getting a great return on investment. gold versus the stock market? I have a new insight and great prospect.
GLTA.
agreed in fact if I'm not mistaken I believe the original e-mail suggested if "THEY" could not come up with another substantial option that either that could happen or it would just be dissolved which the later is looking more an more realistic at this point. "UNFORTUNATELY" or all of us share holders but it's the name of the game in penny land. IMO we would have better luck going Gold mining now...Hmmmmmmm good idea looking into it now as I did live in AK. for 8 years
I thought you would get a good chuckle out of that.......
Did every one see that massive buy today? hmmm.....Is something new up?
Vladimirr, Actually your still part right in regards to RMTD as it can't be traded and hasn't been able to be traded for some time no bid equals no "trade" correct?
Why are some people continually allowed to Pump this stock and give other unsuspecting folks such falls hopes? I thought that was against I Hubs policy's? Just curious as we continue to see the same pumps from the same folks that can't provide facts with there info and been doing it for over a year now.
Ohhhhh....Breaking news...........Reality is setting in.....No communication with Walters and No new MM and most of the share's that remains being posted are incorrect, Funny how that happens eh? Just saying.............
It seems pretty obvious to me that they are not worth much for us RMTD share holders......:o(
That's what I thought............
Me? Hmmmm LOL Ok well let's go back to the beginning and see who's info as been the most accurate to this point/ just saying....
Track, Why do you continue to be in Denial and plant false seeds into the unsuspecting? How do you figure the e-mails are fake? Like I said wayyyyy back at the beginning and I know you know I also received and posted the e-mail I received from Keith Moore or at least it came from his e-mail Are you suggesting these were fraudulent e-mails sent by someone other then the assigned e-mail accounts? IMO this is not the case. GLT us All. but reality has to set in at some point for some folks.
Yes I'm really afraid that is what were seeing here, Been getting the run around for quite a while now. They really need to get the deal done if it's even going to happen now or at least put out some solid positive info. not looking to good though I'm afraid. IMO
Unless you see one or more show up on the bid side to buy I wouldn't be getting to excited looks to be just the same type of things that have been going on with this one for over a year. really need to make contact with someone that still has a interest in Remote Dynamics itself. IMO
Please remember and don't mislead the unsuspecting, there is not one person here selling one share to anybody until "IF" we ever get any buyers back on the bid but it has been a long time sine we have seen that and there is no expectations of seeing it again under this ticker. IMO
Just a FYI I have it at 387,461,328 as of 10:18 am