Gigwoof - apparently you missed my posting on 06/08 (last Thur.) So here it is again with an update about "WHEN" these additional O/S share were authorized to be sold.
OK EVERYONE - HERE IS THE REAL POOP ON CURRENT O/S FOR RMDG.
I just got off the phone with the TA and there is dilution taking place. The current O/S is now 1,500,000,000 where as it was only 950,000 a short while back. The A/S is still at 2,500,000,000. Ron Haller whom I spoke with would not state if there was any addition schedule for adding to the O/S and referred me to speak with RMD about that subject.
The TA is still:
Heritage Trust
4 King St. W., Suite 1320
Toronto, Ontario. M5H 1B6
Phone: (416) 363-1240
Fax: (416) 864-0175
Email: kabbal@netcom.ca
Why RMD is using a company in Canada, I have no idea. But these are current numbers. Mr. Haller seemed to be a little irritated that I was asking anything about the stock, so I didn't bother to ask if he knew what the current Float number was. He seemed to just want to get off the phone after he gave the minimal data.
UPDATE - I did speak to the Agent again this morning and did manage to get one more question in about when where these additional O/S shares authorized. He said he did not remember the exact date (apparently he did not want to go to his computer and look it up), but he did state that is was "Last Month". So that could be anywhere from 30 to 40 days ago.
I do not know how many of the additional shares have been sold thus far or what the current Float is. Maybe someone else can find that out.
As for now RMDG is Stuck In The Mud for moving up. And if anyone wants to just listen to the Pumpers (Hey we're shooting up soon and next week the pennies, etc.. etc.. etc.. and always using the IMO statement) here on the board. Well, it is not only a Stupid Opinion, but a very ignorant one. Just taking a quick look at the Charts and Indicators tells the story. We are stuck and nothing positive is showing up for now.
This does not mean that RMDG has no possibilities in the future, but for now, it is just Channeling around the current levels. It is to bad that the CEO decided to remove 60% of our stock value by adding the additional shares (about 60% of what the old O/S was of 9.5 Mil.).
So Ignore all the Pumpers here on the Board, and everyone do your own DD. Learn how to read the Charts / Indicators. And other trend data. Personally I use both StockWatch and StockCharts web sites for a lot of great information. StockCharts does have a Chart School to read and learn from along with some Free Charts. It also has a Basic Users membership for only $9.95 a month that allows you to expand on the Charts / Indicators to a lot more of them and useful information. That is very cheap to expand anyone's own DD capabilities.
Sorry, Gigwoof, maybe I am just letting off some Steam here. It is not about your posting that I am replying to. Just in general of the lack of intelligent postings on the board. Just to much "Hey we are going Green - and we're heading up now for sure - Etc.. Etc.. Etc..". The only Green I am interested in each day is at the Close of each day (and in the Closing Column). We haven't seen much of them for the last few days (just check out StockWatch - they have a Last 90 Days list).
And the only "we are going up now" I believe in, is when the Charts / Indicators tell me we are, Not The Pumpers.
-BB
AI
