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Thursday, March 25, 2010 9:07:13 PM
RMDM had filing of a "share buyback program", it is a sticky on that board, yet couple posters on that board really really really hate the fact the stock is moving up 
-lol-
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=48231509
Filing: RMD Entertainment (RMDM) Share Buyback Program
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=30091
BEIJING, March 24, 2010 -- RMD Entertainment Group (http://rmdmgroup.com/) announces that the company plans to proceed with a substantial share buyback program of RMDM.
As the company and its investors had been concerned with the company's share price being grossly undervalued, the company sees this as a great opportunity to shore up the float with a commencement of a share buyback program. The plan is to reduce the company's Shares Outstanding and Float. This will be a major undertaking by the company. The funds to finance the share buyback program will be financed by the liquefied sale of assets, meaning the sale of its TiDi Gaming division.
As the long-term investors of RMDM may recall (see previous news and filings on Pink Sheets of 2009) interim management of RMDM briefly operated TiDi Gaming in 2009. RMDM sold this asset to a British Virgin Island company InterLotto in November 2009 on stock and cash basis. Shortly, InterLotto plans to complete its IPO on the Frankfurt Stock Exchange with expected opening price of about 50 cents USD. RMDM intends to use this money to proceed with the share buyback program.
Neither the company nor its IR will comment on this topic further. The company will announce the exact numbers as soon as this is beneficially advantageous to itself and its shareholders.
RMDM takes this opportunity to thank Mr. Garr Winters, Interim CEO of RMDM in 2009, for all the hard work, knowledge of international business codes and insight he provided RMDM regarding the acquisition and the sale of TiDi Gaming. Mr. Winters assured smooth transaction and established the highest value possible for the sale of TiDi Gaming and for this RMDM's
management extends its gratitude.
-lol- http://investorshub.advfn.com/boards/read_msg.aspx?message_id=48231509
Filing: RMD Entertainment (RMDM) Share Buyback Program
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=30091
BEIJING, March 24, 2010 -- RMD Entertainment Group (http://rmdmgroup.com/) announces that the company plans to proceed with a substantial share buyback program of RMDM.
As the company and its investors had been concerned with the company's share price being grossly undervalued, the company sees this as a great opportunity to shore up the float with a commencement of a share buyback program. The plan is to reduce the company's Shares Outstanding and Float. This will be a major undertaking by the company. The funds to finance the share buyback program will be financed by the liquefied sale of assets, meaning the sale of its TiDi Gaming division.
As the long-term investors of RMDM may recall (see previous news and filings on Pink Sheets of 2009) interim management of RMDM briefly operated TiDi Gaming in 2009. RMDM sold this asset to a British Virgin Island company InterLotto in November 2009 on stock and cash basis. Shortly, InterLotto plans to complete its IPO on the Frankfurt Stock Exchange with expected opening price of about 50 cents USD. RMDM intends to use this money to proceed with the share buyback program.
Neither the company nor its IR will comment on this topic further. The company will announce the exact numbers as soon as this is beneficially advantageous to itself and its shareholders.
RMDM takes this opportunity to thank Mr. Garr Winters, Interim CEO of RMDM in 2009, for all the hard work, knowledge of international business codes and insight he provided RMDM regarding the acquisition and the sale of TiDi Gaming. Mr. Winters assured smooth transaction and established the highest value possible for the sale of TiDi Gaming and for this RMDM's
management extends its gratitude.
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