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Posts | 14455 |
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Alias Born | 04/15/2008 |
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Friday, October 17, 2008 11:33:49 AM
Importantly, we have just closed the acquisition of Beijing Innotrek Technology Co., Ltd. for consideration of 1 billion common shares, with their parent company Mon Arc Corporation, and moreover we are meeting with PP365.com over this coming weekend to finalize terms of this second acquisition. It is our goal to restore value to RMDM and our shareholders, to have both of these good and viable companies operating under our umbrella and control, and at the end of the day, we have the authorized and outstanding share count reduced by about 3.5 billion shares.
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