quote:Originally posted by acemidland: d-head..ever hear of a fat finger? Thats prolly where that 2.70 came from you farkin shikhead...i could be wrong tho...and no i didnt bother to read all your posts...i just couldnt believe the lack of intelligence you displayed in that one post...thats all, no offense, you douchy mf...btw i love your use of stock lingo to try to insult me.....dilution....only dilution i know about is yo mama diluting my johnson juice with her saliva....
ever hear of looking at a chart?? it definately wasnt a fat finger
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion*
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Sciax Corporation Files Form 15 to Reduce Costs and Enhance Earnings BAY CITY, Mich. and TORONTO, Sept. 8, 2005 (PRIMEZONE) -- Sciax Corp. (Pink Sheets:SCXC) announced today that its Board of Directors has approved and the Company has filed a Form 15 with the SEC. The Company expects to realize significant cost savings as a result of being relieved of its SEC periodic reporting requirements. The Company's securities will continue to trade on the Over-The-Counter Pink Sheets (OTC), an electronic trading forum, which is regulated by applicable federal and state securities laws.
Commenting on the move, Giorgio C. Costonis, CEO, stated, "Current market conditions do not warrant the significant annual costs associated with being a reporting company. Our Board believes it is prudent to use these funds to enhance Sciax's financial performance. As a non-registered company, Sciax and RMD Entertainment will have more flexibility in pursuing strategic opportunities, continuing to invest in its core business, and in recruiting and retaining our people. This move will also enable management to focus more of our time on operating Sciax's business. We are still a public company and we currently plan to provide our shareholders and interested investors with regular unaudited quarterly and audited annual financial reporting. Once we have re-organized the Sciax Defense division of the company and implemented our business plan for RMD, then we will consider our options of becoming a fully reporting company and apply for re-listing on the OTCBB."
Among other factors, the Company's Board of Directors considered the following in making their decision:
1. The significant costs, both direct and indirect, of preparing and filing the reports and forms a public company is required to file with the SEC. 2. The substantial increase in those costs expected to arise in implementing and maintaining the requirements of the Sarbanes-Oxley Act of 2002. 3. Management will spend less time on SEC form preparation and other aspects of compliance, and more time on the Company's operations and objectives. 4. The valuation that the market is applying to the Company. 5. The liquidity available to investors in current market conditions. 6. The ability to control the information and the timing of information available to the market in which the Company operates.
"We are determined to restore value to this company and with the addition of RMD Entertainment (RMD) as a cutting-edge music company, we believe this move will allow us to focus on the important task of growing our business," added Costonis. "It was simply a matter of dollars and cents for our company and our stockholders. We are concentrating on bringing revenue into the company and the initiatives that we have begun to undertake cost money to execute. I am confident that our decision to use available funds to generate profits versus preparing and filing reports and forms will prove to be a prudent one. I remain pleased with our progress in the restructuring of our organization and am excited about the prospects for Sciax in the long and short term."
About Sciax
RMD Entertainment Inc. Division
RMD Entertainment (RMD) is a cutting-edge entertainment company with a primary focus on selling hip-hop music internationally. Additionally, the company markets other products, such as fashion accessories and fragrances, which are purchased by its music audience. RMD has a vast worldwide distribution network for its music to be sold to the end consumer in compact disc formats, digital downloads, and personal ringtones for mobile customers. RMD's hip-hop catalogue is exclusively distributed by Bungalo Records in North America, which is exclusively distributed by Universal Music Group. RMD's dance music catalogue is exclusively distributed by Inversus Records.
Truly a global company with well over 60 years combined experience in the music industry, RMD has had good success on the international level and its staff producers have collaborated with some of the most influential names in the music scene today, such as Sting, David Byrne of the Talking Heads, George Kranz, Freedom Williams of C & C Music Factory, Steve Winwood, Robin Scott, and jazz saxophone legend Bill Evans, among others.
Sciax Defense Division
Sciax Defense is an emerging leader in defense imaging systems for law enforcement and military personnel engaged in counter-terrorism and other special security operations. Sciax America Inc. and Sciax Technology Inc. are wholly owned subsidiaries of Sciax Corp. (http://www.sciax.com). Wolf Pack, the company's tactical remote viewing system, is manufactured under license from Eomax Corp. and is used by law enforcement and military organizations in North America and Europe. Customers include military and law enforcement agencies of the U.S. and German governments, contraband interdiction units of Canada Customs, and LAPD-SWAT.
This release contains forward-looking statements with respect to the results of operations and businesses of Sciax Technology Inc., Sciax America Inc., RMD Entertainment Inc. and Sciax Corp., which involve risks and uncertainties. The company's actual future results could materially differ from those discussed. Risks and uncertainties of the company will be detailed from time to time in the company's periodic reports. The company intends that such statements about the company's future expectations, including future revenues and enforcement and defense imaging system earnings, entertainment product earnings, and all other forward looking statements, be subject to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995.
Sciax Corp. Announces Name Change and Reverse Stock Split BAY CITY, Mich. and TORONTO, Sept. 29, 2005 (PRIMEZONE) -- Sciax Corp. (Pink Sheets:SCXC) announced today that its Board of Directors have approved an amendment to Sciax's Certificate of Incorporation that would effect a name change to RMD Corp. and a reverse split of the shares of common stock at a ratio of 1 for 70. The company has filed with its transfer agent to request a new trading symbol and CUSIP number. Under the guidelines of regulatory and company act requirements the Directors deliberated the need and ratio of the reverse stock split and unanimously agreed that the restructuring is in the best interest of the Company. The company anticipates the effective date trading under the new symbol Oct. 14, 2005.
The reverse split will bring our shares down from 500,000,000 to 7,142,857 shares outstanding.
Giorgio Costonis, CEO states, "The Company is undergoing a transformation from a development to a revenue generating operation. Relative to our transformation and general market conditions, the Company is undergoing restructuring initiatives that are intended to position the company for growth. The Board of Directors deems a reverse split as an essential initiative for the long term health of the Company and its shareholders."
The reverse split Made the stock to be valued higher. Then it gradually went down back to the pennies then to the sub pennies
-------------------- Let's watch it go up!
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that looks like that is the reason it is a subber now...the cost of filing is one reason there are the pinksheets...some credible comapnies like nestle trade on the pinks so its not entirely bad news for a company
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If this company makes a profit it can move up. I'm banking that as an entertainment entity it will. it has made good deals so far. I just hope it follows through.
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tonicma,,,, what makes u think this will crash,,, the stock has nothing but good positive pr's ahead,,,, this is one stock worth holding,,, the only reason it will drop is cause people wanna sell to early,,, adn wanna flip at ridiculous times,,, i beleive in flipping dont get me wrong,, but why people flip to make an extra 100 when they could held and make a 1000 is beyond me,,,, but i mean as long as ur selling at ask,, go ahead,, this week to many people bid whacked,, it was horrible,, anyways,, back to my drinking GL tuesday everyone
-------------------- Sometimes its easier to beg for forgiveness than ask for permission.
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quote:Originally posted by reidler88: tonicma,,,, what makes u think this will crash,,, the stock has nothing but good positive pr's ahead,,,, this is one stock worth holding,,, the only reason it will drop is cause people wanna sell to early,,, adn wanna flip at ridiculous times,,, i beleive in flipping dont get me wrong,, but why people flip to make an extra 100 when they could held and make a 1000 is beyond me,,,, but i mean as long as ur selling at ask,, go ahead,, this week to many people bid whacked,, it was horrible,, anyways,, back to my drinking GL tuesday everyone
Hey Reidler I won't even justify what you just said. You mean to tell me you're willing to hold this POS. Thats what it is just like 90% of all pennies. YOU FLIP IT!!! you hold you lose...or has your experience in pennies taught you nothing..
Go ahead hold it if you want. Watch how fast the PPS tanks and burn you on the way down.
-------------------- Rule 1: Always Protect Your Capital Rule 2: Earn slow, Don't lose fast
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im just not gonna sell my position if it drops one day,, this one is always up and down,,to many people sell when it drops down a day,, only to lose money they could have broken even or made back if they held for a few more days or a week,,,, this was what .0006 a few weeks ago,, then it reached .006 the other day,,,, it drops down to .0025 and everyone wants to sell it and write it off as a lost,,, and u might be right i probably havent learned anything from trading pennies,, or the only thing i have learned is, when the stock is up everyone loves it,,, when its down its the worst stock in the world to have and its worthless and everyone is to leave it alone,,,, i will play the bounces and flip when its big and make money on it till its officially dead,,, not cause its down one day,,,,
-------------------- Sometimes its easier to beg for forgiveness than ask for permission.
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Go to www.rhn.tv homepage. in the right hand corner bottom part. under culture and then under mc, The Game with some minutes of stop snitchen & stop lying!
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tonic and hustla are just mad because they bot high after a multiday run...this company has big potential and if they suceed the stock price will also go up
big day tuesday!
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion*
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RMD Entertainment Group, (OTC: RMDG.PK) fell 28% Friday to close at $0.0028 per share. Volume was extremely heavy with better than 372million shares trading on the day. On Friday, investors learned that RMDG was going to announce RHN is planning to make several pivotal announcements pertaining to upcoming alliances, RMD will be taking the opportunity to publicly announce that they have also signed an agreement with the Real Hip Hop Network to be a primary content provider for the highly anticipated MoTV platform by co-developing a mobile network devoted strictly to RHN programming. According to the agreement, the Real Hip Hop Network will be the primary provider of applicable hip-hop content for MoTV over the next five years and the two companies will equally split all revenue generated as a result of the new mobile network. Tentatively called "MoRHN", this new network can utilize the proprietary MoTV technology to bypass traditional cable barriers and deliver RHN programming directly to the consumer via any IP (Internet Protocol) enabled mobile device.
-------------------- "Simplicity is the ultimate sophistication"
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from the street review 5/30: RMD Entertainment Group, (OTC: RMDG.PK) fell 28% Friday to close at $0.0028 per share. Volume was extremely heavy with better than 372million shares trading on the day. On Friday, investors learned that RMDG was going to announce RHN is planning to make several pivotal announcements pertaining to upcoming alliances, RMD will be taking the opportunity to publicly announce that they have also signed an agreement with the Real Hip Hop Network to be a primary content provider for the highly anticipated MoTV platform by co-developing a mobile network devoted strictly to RHN programming. According to the agreement, the Real Hip Hop Network will be the primary provider of applicable hip-hop content for MoTV over the next five years and the two companies will equally split all revenue generated as a result of the new mobile network. Tentatively called "MoRHN", this new network can utilize the proprietary MoTV technology to bypass traditional cable barriers and deliver RHN programming directly to the consumer via any IP (Internet Protocol) enabled mobile device.
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quote:Originally posted by lukin4winners: from the street review 5/30: RMD Entertainment Group, (OTC: RMDG.PK) fell 28% Friday to close at $0.0028 per share. Volume was extremely heavy with better than 372million shares trading on the day. On Friday, investors learned that RMDG was going to announce RHN is planning to make several pivotal announcements pertaining to upcoming alliances, RMD will be taking the opportunity to publicly announce that they have also signed an agreement with the Real Hip Hop Network to be a primary content provider for the highly anticipated MoTV platform by co-developing a mobile network devoted strictly to RHN programming. According to the agreement, the Real Hip Hop Network will be the primary provider of applicable hip-hop content for MoTV over the next five years and the two companies will equally split all revenue generated as a result of the new mobile network. Tentatively called "MoRHN", this new network can utilize the proprietary MoTV technology to bypass traditional cable barriers and deliver RHN programming directly to the consumer via any IP (Internet Protocol) enabled mobile device.
The Street? when can we expect this news?
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RMD Entertainment and Real Hip Hop Network (RHN) Well Received by National Press at Conference in DC Tuesday May 30, 11:12 am ET
PHILADELPHIA--(BUSINESS WIRE)--May 30, 2006--RMD Entertainment Group (Pink Sheets:RMDG - News) proudly announced earlier today that their participation in Real Hip Hop Network's national press conference yesterday was extremely well received by the national media and declared a huge success by all those in attendance. The MoTV/RHN channel was the talk of the afternoon after RMD CEO Giorgio Costonis spoke on the subject for well over 5 minutes. Mr. Costonis fielded questions about the mobile technology and spent ample time explaining the various revenue possibilities associated with the rebroadcast of RHN content. ADVERTISEMENT
Joined at The National Press Club by District of Columbia Councilman Marion Barry and twenty-five major media outlets, RMD and RHN also announced that they would be holding another press conference in the coming months to officially launch the new MoTV/RHN channel and announce several other monumental collaborative projects that are currently being developed and executed by RMD. The upcoming press conference will also be held at The National Press Club in Washington, DC.
RMD CEO Giorgio Costonis commented, "RHN and RMD are working diligently on becoming the most powerful multimedia conglomerate in the urban entertainment arena; we won't rest until that is the case. The collective RHN and RMD vision is here to stay while our primary objective at this point is to grow together symbiotically in an effort to grow and sustain the most efficient revenue mechanisms. It is imperative that everyone benefits from successful partnerships like this."
RHN President and CEO Atonn Muhammad added, "This union between RMD and RHN is historic based on the raw content and the technology we're implementing to deliver it globally. It's hard to imagine how massive this mechanism will be when the advertising opportunities fully mature. This is only the beginning; we won't rest until RMD and RHN are recognized as the premiere urban media one-two punch on Wall Street."
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