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Tuesday, May 31, 2011 11:35:06 PM
they would put in that clause. But since when do you foreclose,
continue to trade, and cut out a small percentage of the shareholders, such as we, the common shareholders. Last thing anyone wants, especially the buyer, is a legal mess.
Also, besides Rediview, the Remote Dynamics LOGO was assigned to Telogis.
Anyone been to this site lately? http://tess2.uspto.gov/
Use to be able to go there, type in RediView or type in Remote Dynamics, and pull them up. Not anymore. Now if you want to see where they went you type in Telogis and look under assign status.
So the deal is not done yet, as RMTD ticker for remote dynamics still exists. When the deal is done, REMOTE DYNAMICS will cease to exist. (Formerly)The only company with legal rights to use that name will be TELOGIS.
WE merge or get a cash payout as in a LBO, or they,
the VC's, use the proceeds and move us into another venture. (Not sure if the VC's can use the proceeds to move us into another venture) but I think I read somwhere that they can.
And the final payment from Telogis
might not be due until the one year aniversary of the signed contract, JULY.
This is my take on the situation, based on my DD. Anyone been in anything like the 3 scenarios I mentioned above with another stock.
Getting screwed is not an option. The patents were far too,
F A R..... T OO...... valuable, and the client base was not too shabby either.
Alive and well.......http://finance.yahoo.com/q?s=rmtd&ql=1
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