Remote Dynamics Inc (RMTD)

[MYMEBAHT]

I'm begining to believe it's going to take legal action against insiders of this company I.E Walters / Monarch Bay etc. They gave themselves 98.6% of the common stock on Jun 12, 2008 (just under 24.8 billion shares) just after increasing the auth shares to 50 billion on Jun 11,2008. How do you, according to the 10QSB filed may 15, 2008, have $825,000 in interest expenses (in 3 months) when you have total liabilities of only just under $15 million. and of that $15M almost $10M are insiders (split between) A & B shares paying only 3% and 8% respectively. To have $825K interest expenses at 8% you would have to have over $41 million in debt.