posted
This was taken down so fast on what I like to call here in pinkyland, low volume. Most companies dilute massive amounts of shares, but if you look at the chart here it hasn't been the case. For the most part it's been less then 2 million a day trading, if that. This has gone from around 4 cents to triple zeros in less then 3 months. Bottom line, there is quite a bit of selling going on....BUT....with the relatively low O/S and the small amount of shares traded to take this down so low, I see them letting this one breathe and having a very nice little run from this level. I'm looking for at least a triple from here, but wouldn't be surprised if it's ALOT more.
***** This Information Statement is being furnished by the Board of Directors of Remote Dynamics, Inc. (the "Company") to provide notice that our majority stockholder has given its signed written consent to action without a meeting to approve an amendment to the Company's Amended and Restated Certificate of Incorporation to authorize 50,000,000,000 authorized shares of our common stock having a par value of $0.0001 per share.
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There is a chance that the MMs will run it once before the dilution hits - a pre-dilution run. The company may release some PRs tor the run. It's very risky for this one now.
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thnx for the heads up Jim, 50 bill, lol..pps is what .0005 now.. freaking 50 bill though. well that pos cxac upped it to 5 bill and it moved. I thought 5 bill was a joke, looks like that was tame..only in the penny world.
yea should be interesting
quote:Originally posted by JimSC: Pre 14C out: new A/S will be 50 B.
- will hit 0.0001, then R/S.
***** This Information Statement is being furnished by the Board of Directors of Remote Dynamics, Inc. (the "Company") to provide notice that our majority stockholder has given its signed written consent to action without a meeting to approve an amendment to the Company's Amended and Restated Certificate of Incorporation to authorize 50,000,000,000 authorized shares of our common stock having a par value of $0.0001 per share.
posted
Unbelieveable, Where is the logic here. Why put out a filing like this when stock is at all time low. Makes no since. Who in there right mind would possibly want to buy the stock now. Are these folks ediots or what?
-------------------- I said it aint no fun waiting around to be a millionaire.
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