Remote Dynamics Inc (RMTD)

[Slojab]

Not this again. I already addressed it in this reply last year.

This talk of "perpetual existence" is a new one for me and I've been around a long time. It also has nothing to do with RMTD unless someone can show me where it's stated in their corporate by-laws that they have it.

Even then, it's misleading in that it doesn't prevent a company from being dissolved, entering bankruptcy or having the ticker deleted by Finra after being suspended by the SEC and sent to the greys.

Here's an excerpt that explains further how it doesn't apply to Remote Dynamics.

The primary benefit of perpetual existence, sometimes to referred to as "perpetual succession," for a corporation is that shareholders and investors know that the company will not simply disappear due to unforeseen circumstances. This makes them more comfortable investing their money, which the corporation often relies upon to spur its growth in the first place.

Another benefit, depending on your point of view, is that, when coupled with a corporate board’s fiduciary duty to act in the best interest of its shareholders, the corporation is obliged to operate with a long-term strategy for growth. It’s nearly impossible for a business to succeed over a sustained period without a sound long-term strategy, so prioritizing that focus is generally in the interest of the shareholders.

Obviously, the company sale and subsequently going to OTC Markets and becoming an Expert Market ticker , proves that "perpetual existence" ceased being in RMTD's case.