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I don't mind this trading range, it's a lot better than 0! haha
I'm starting to think RMTD is awake, especially with what's been going on in the markets. Heavy manipulation. Shorts probably reconsidering their positions all over the place, including RMTD.
By September we should find out the truth per the new SEC disclosure rules.
Either RMTD stops trading or the VZ connection is revealed.
Or I guess a possible third option is the SEC doesn't enforce shit and RMTD continues to trade without reason.
Only time will tell, at least this year is getting exciting!
HORSE SHIT!
After what happened today on another stock, due to Reddit, I think the SEC is going to look down very harshly on naked short sold stocks. We might see short squeezes begin to happen all over the place if the SEC makes a statement in that regard.
Been watching that too. Bid is stacked right now 200M+ shares Ask at 7M
Can we get all the TRUE and FACTUAL information about RMTD in the intro?
Seems there's a lot of back and forth on the details, a good DD write up would be appreciated, especially for the newbies.
At the very bottom of the paragraph: "The Rule will become effective 60 days following publication of the amendments in the Federal Register. The Rule will have a general compliance date that is nine months after the effective date as well as a compliance date that is two years after the effective date regarding provisions to require an issuer’s financial information for the last two fiscal years to be current and publicly available."
https://www.federalregister.gov/documents/2020/10/27/2020-20980/publication-or-submission-of-quotations-without-specified-information
Publication Date:
10/27/2020
Effective Date:
12/28/2020
General Compliance Date: (estimated)
09/28/2021
Financial Information Date: (estimated)
12/28/2022
So it's already effective and they have to be compliant by end of September. 8 Months to go, lets see what happens!
If you can't beat em...
I'm on that island too, but I'm sitting in my boat on the dock if this actually makes a move.
It's been 7 years, I'm just not expecting much. I think m0n is right, back to no bid by end of the week.
We'll see!
This is probably the best case made for Verizon/Telogis ownership of RMTD. Had to look it up & confirm, Aussie is right, parent company needs to own %50.1 or more to be a 'subsidiary.'
I also agree with the tax losses, probably a sneaky way to save on yearly taxes with the IRS.
Damn, word choice alone revealing a lot. Always good to have fresh eyes around here.
Friday showed us the float is around 1 Billion shares. OS could easily be 10-30x that I think. Accumulation chart is pretty wild though
In February it will have been 7 years since my first purchase, maybe there's luck in that haha
2021 should be wild with the amount of money printing going around, some of it could very well end up in places like $RMTD
It'd be a wet dream for any such announcement, I'm still mighty skeptical.
Last post of the day, GLTA
They're also in the process of selling 200M shares so maybe there's a quick pump to get some extra cash?
If an 8K is filed with ANY good news relating RMTD to Telogis or Verizon, expect a moon shot
There was news that they closed the $100M in notes today with Mudrick Capital, but we knew that was going to happen a month ago. So IDK
Everyone is still talking about GME. I'm only seeing a couple AMC posts, so we're either early or lucky lol
Look at Gamestop GME and ask yourself the same question. There was legitimate bad news about AMC today and it's up 20%. Something something irrational markets & liquidity
I will be truly impressed if we close at 2 or 3 and maintain that in the next open.
Nearly $100K traded today, nothing to shake a stick at. Pretty wild. Would love to see this run but there's just so many shares.....
So is FINRA not doing their job here? Do you think they would disclose any information as to why they haven't removed RMTD?
Here comes Reddit's r/WallStreetBets players!
Why? What breakout? LOL It's been 6+ years!
This may be getting off topic but does that mean anyone with a Corp company can be listed free of charge?
I briefly looked into this and it seems that may actually be the case, I just can't find a definitive guide to listing or the requirements.
Is there not a fee to keep it listed? Even if it is automated? Like my Netflix subscription..
you're not wrong
Yea but does it not cost 'someone' money to keep RMTD listed?
Seems traders could make a better profit off something more liquid that trades more than 10x a year.
Not defending this POS, I'm finally out after 6 years. It's just weird.
I don't think it's going anywhere until the financing deal is sealed or people en masse start going back to the theaters.
AMC bonds are selling at a discount if you want some risk
Pls my call options need it!
It would be nice to find other stocks like RMTD that trade for 'no reason' and find some connections to figure out what's going on.
It's a mystery Scoob!
The age old question still remains, why is RMTD still trading?
Someone is paying for it and I can't imagine it's a cheap thing to keep running.
I actually have free shares now cause someone bought from me again today lol Crazy.
You wanna post that DD?
Must have been lol I still have a few milly, but I've got my money back
To whomever bought my bags at 0.0002, thank you for helping me not lose any money over 6 years. I'm out!
Bro, he's a rando on the internet who's done zero DD... what more proof do you need?
Considering how much has traded today and the Bid/Ask sizes, I don't think it's actually 30 Billion. We've traded less than 1 Billion today, you'd think there would be a lot more up for sale if that were the case. Or someone holding a lot isn't letting go.
Well that was short lived. See ya'll in another 6 years!
Bid is 18% larger than the Ask with $30K traded. Nothing to sneeze at after 6 years of dead silence.
Not happening
We found the DD years ago, not sure why it's not in the Header.
RMTD is defunct and does nothing, I've actually visited their old corporate office. They are no longer operating. This is just a shell.