Remote Dynamics Inc (RMTD)

[Ed the Trader]

"Shall I pray? Thanks!!!"

No, what you should do is to consult with a lawyer who specializes in class action lawsuits on behalf of shareholders.

In 2010, a company named Telogis appears to have "acquired the assets of Remote Dynamics."

https://www.socaltech.com/telogis_buys_remote_dynamics/s-0029633.html


In 2016, Telogis was acquired by Verizon.

https://en.wikipedia.org/wiki/Telogis


There are basically two possibilities (with a variety of variants on the two possibilities).

The first possibility is that Telogis actually acquired Remote Dynamics along with the liabilities of its outstanding corporate stock. That would mean that Verizon inherited those liabilities when it acquired Telogis. That would leave Verizon open to a class-action lawsuit of all RMTD shareholders because Verizon failed to maintain the required annual and quarterly filings with either the SEC or OTC Markets. That failure to maintain current filings is what caused RMTD to be moved to the Expert Market.

The second possibility is that Telogis was allowed to gut Remote Dynamics, Inc. by only purchasing all of their intellectual property but not the actual corporation thus avoiding the acquisition of the corporate liabilities of Remote Dynamics, Inc., including the value of the outstanding shares of RMTD. It is quite likely that between the transaction in 2010 with Telogis and the time that RMTD was moved from OTC Pink to the Expert Market, SOMEONE continued to issue more shares of RMTD and thus profit from that issuance knowing that Remote Dynamics, Inc. had no value and no business because it sold all of its value to Telogis. There may be a case to be made for a securities fraud lawsuit in that case. Of course, one would have to identify who was responsible for selling billions of additional shares of RMTD (assuming that is the case) and whoever is responsible would have to have enough assets to chase such that a lawsuit could have an opportunity to be fruitful.

Understand that if the second possibility is the correct one, then Remote Dynamics, Inc. is a zombie corporation with no one actually running the corporation anymore. In that case, there is zero possibility that anyone will file new annual and quarterly reports to bring the RMTD stock out of the Expert Market and back to status as an OTC Pink/Current stock.

It may turn out to be a complete dead-end, and the statute of limitations may have expired, but people ought to check into it with an appropriate securities lawyer anyway regardless of anyone's worthless opinion here on iHub on the matter. It does not cost anything to pick up the phone and call a lawyer or send off an e-mail message to a lawyer.