Remote Dynamics Inc (RMTD)

[Aussielad]

We have been through the ownership of RMTD so many time before.

RMTD is a subsidiary of Telogis and this is clearly stated here.

https://www.google.com/search?q=telogis&rlz=1C1NDCM_enAU705AU705&oq=telogis&aqs=chrome..69i57j46i175i199j0l3j0i395l3.2702j1j15&sourceid=chrome&ie=UTF-8

In order for a company to state it has a subsidiary company, it needs to own 50% of the shares of that company. So according to the last information that we have , the O/S was 29 billion shares. Therefore Telogis would have to own a minimum of 14.5 Billion shares of RMTD at least and the public shareholders of RMTD own the rest. In reality, the percentage owned by Telogis would probably be much higher more like 90 per cent which would mean that the public shareholders of RMTD own 2.9 billion shares.

Since having ownership of RMTD since 2010, Telogis certainly would not have let RMTD to increase the OS by selling stock on the OTC. Why? Because it would dilute their percentage holding of RMTD!

Also, RMTD way back had accumulated tax losses. It is entirely possible that activities may have been diverted by Telogis into RMTD since 2010 in order to soak up these tax losses. Therefore the balance sheet of RMTD would have been cleaned up in the last 10 years and most likely shows a positive shareholders equity at the present point in time.