Monday, July 19, 2010 1:54:37 PM
They stated that the additional AS would be used in the merger and if it wasn't, it would be retired.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=28250
"RMDM's authorized and outstanding share structure will reach
9,888,000,000 with this merger. All stock issued in connection with the merger (approximately 2,500,000,000
restricted shares) will remain as restricted stock. If the companies do not proceed with the merger or business
relationship this stock will return to treasury and will be cancelled."
As we know, there has been no merger and those shares were issued between January and March. It's all in 10Q from the last quarter. The AS is nearly maxed at 9,740,028,133B shares issued on a 9.888B AS.
As far as any stock buyback is concerned, according to this PR:
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=31660
"In other updates, the company may use this certificate and or cash and other instruments it secures in its quest to formulate a new additional merger with a China based second operating company in the IT industry"
So they buy them back and turn around and sell them again? Selling them, not using them in a merger. How does that help?
Recent TCRI News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/14/2024 03:04:35 PM
FEATURED DBG Pays Off $1.3 Million in Convertible Notes, which Retires All of the Company's Convertible Notes • Nov 7, 2024 2:16 PM
FEATURED SMX and FinGo Enter Into Collaboration Mandate to Develop a Joint 'Physical to Digital' Platform Service • Nov 7, 2024 8:48 AM
FEATURED SBC Medical Group Holdings and MEDIROM Healthcare Technologies Announce Business Alliance • Nov 7, 2024 7:00 AM
Rainmaker Worldwide Inc. (OTC: RAKR) Announces Successful Implementation of 1.6 Million Liter Per Day Wastewater Treatment Project in Iraq • RAKR • Nov 7, 2024 8:30 AM
VAYK Confirms Insider Buying at Open Market • VAYK • Nov 5, 2024 10:40 AM
Rainmaker Worldwide Inc. Announces Strategic Partnership Between Miranda Water Technologies and Fleming College • RAKR • Nov 4, 2024 12:03 PM