I looked at the trade action on advfn and found that at 11:50:33, there was a RMDM trade for 5 million shares purchased, not 50 million (see all the way down).
And, since 11:50:33, there have not been 50M shares purchased for RMDM.
Uh....Ohhhh!!!!
All posts are my opinion. I may be wrong, but I doubt it.
RMD Entertainment Group (RMDM) Issuers Supporters Greater Than 5% Control Stock Purchase On The Open Market Toronto, Oct. 24 – RMD Entertainment Group (RMDM) www.rmdmgroup.com The issuer’s backers / supporters of controlling interests greater than 5% have made the following purchases on the market of the issuers security. The trades took place on or about October 24 2008 through the market maker AUTO. Moreover, the issuer and their supporters verily believe that the security is a subject of being oversold (short position). The issuers supporters intend to continue acquiring, and trading the security and to continue to offer support to the issuer up to 9.9% of the issuers outstanding security on the open market