Replies to post #12820 on Remote Dynamics Inc (RMTD)

[king oil]

Foreclosure by power of sale, also known as nonjudicial foreclosure, is authorized by many states if a power of sale clause is included in the mortgage or if a deed of trust with such a clause was used, instead of an actual mortgage. In some states, like California, nearly all so-called mortgages are actually deeds of trust. This process involves the sale of the property by the mortgage holder without court supervision (as elaborated upon below). This process is generally much faster and cheaper than foreclosure by judicial sale. As in judicial sale, the mortgage holder and other lien holders are respectively first and second claimants to the proceeds from the sale.

[trackkwizzard]

Yes, they could have put in that clause, that is true. I am SURE
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