OMG, Sorry, can't help myself. All this in one PR. Ok! Lets see, I'll comment in Bold this is too funny!
RMDM Entertainment Group (RMDM) Non-Dilution Shareholder (MONA) Statement
BEIJING, Oct. 29 /PRNewswire-FirstCall/ -- RMDM Entertainment Group (RMDM) (http://www.rmdmgroup.com/) the company and its officers have received a high volume of inquiries vis a vis shareholders inquiry into dilution of its security. Mr. Wynn Wang the company's new President and CEO is using this opportunity to address these matters.
Oh please, high volume of inquiries, first rule of a CEO, run the company for shareholders and stop reading these stupid boards.
"The current management and its officers have not issued any shares nor commenced any sort of a dilution whatsoever. On the contrary the company issued a news announcement of Oct 17 2008 where amongst other things the company announced that it has reached an amicable resolution with a key shareholder for the return of 1.7 billion shares. Those shares were in fact returned to the company and then immediately back to the treasury on October 23,2008 and can be found by visiting this link http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=17914 That process reduced the authorized and outstanding shares to 5 billion shares.
On October 22 2002 the company completed a filing on Pink Sheets where amongst other things the company informed the markets that it intends to recapitalize to 9.8 billion shares in order to pay Mon Arc Corp (MONA) for the rights of Beijing Innotrek, TiDi Gaming and certain other obligations. The complete filing can be found by visiting this link.
Strange, they had no problem keeping their shareholder up to date on pinksheets about the 5 billion A/S dated Oct. 19th, but didn't update the A/S 3 days later when they took it to almost 10 billion.
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=17905 All of the shares to be issued, once the company is recapitalized, shortly will be restricted shares, and will not enter the market for some time to come. The company is currently doing everything in its power to recover approximately some 3.5 billion shares issued by the previous management to various entities, and will provide further updates as they become available.
Yes and previous mgmt are also calling them and begging them to take their shares away from them.
The management's and the company's position is that the current trading of its security is a result of all previously issued shares by the previous management and any other prior management, as not even 1 share has been issued by the current management".
OK, that makes since, obviously iiiif they haven't issue, cough,cough shares this could be true.
While the company intends to grow its business with other acquisitions such as TiDi Gaming and natural organic growth it intends to do so in an orderly fashion and not with any sort of massive dilution.
Raising the A/S to almost 10 billion to re-capitalize, is not dilution?
The company, its current management and advisors choose the path of most resistance by electing not to undertake a reverse stock split and to simply work through the existing current share structure, by trying to reduce the same. Moreover, the management believes that the market forces will acknowledge the value of RMDM, and TiDi Gaming in the coming months and will adjust accordingly to the current massive outstanding share structure; once all the benefits of the TiDi Gaming and Beijing Innotrek are acknowledged. The management has placed the value of its business at 10 million dollars or about 0.00125c per share based on the share structure of about 8 billion shares, which will have to be issued when all is said and done, as per the aforementioned pink sheet filings.
Say they will issue 8 billion, no sir this isn't dilution. Oh, if they are issuing 8 billion and they only increase the A/S by 5 billion, well they'll work it out.
Again this is worth repeating, the current management and its officers have not issued any shares nor commenced any sort of a dilution whatsoever.
Again, this is worth repeating, A company doesn't raise the A/S by 5 billion to 10 billion and not intent to dilute. But on Oct. 29th when this was Pred they may not have sold a share. Lol
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
and here is the disclaimer, you got to love it. Translation; Everything you just ready may have changed by the time you finish reading this.
And lastly the below statement. Is misleading. So yes get the facts right! This Pr is full of things that contredict each other, pinksheets is not up to date, and so in the PR own words are misleading the investor. The only honest thing I found in this PR was the last sentence. “The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation, describing the risks of investing in penny stocks.” That is true, now whether the issuer complies is a different story
Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet http://www.pinksheets.com/ filings, and updates to our websites. Other websites not sponsored, or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on 'excerpts' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation, describing the risks of investing in penny stocks.
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