RBID com (CE) (USOTC:RBDC)
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From Jul 2019 to Jul 2024
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RBID.Com, Inc. (Pink Sheets:RBDC) reported today that company officials
are concerned about what they see as an unusual amount of recent
downward pressure on the company’s stock. Alan
Rothman, Chairman and CEO of RBID.Com, Inc., stated, “We
are at a loss to explain the market’s recent
downward pressure on our stock, especially given the amount of positive
milestones the company has reached and reported in press releases over
the past months. We understand that a certain amount of sell-off can be
a normal part of any market cycle. However, given all the positive news
that we have reported, we find it hard to believe that our stock has not
advanced significantly over this period. We believe it’s
possible that some form of naked short selling of our stock may have
taken place. We are preparing to order a NOBO (Non-Objecting Beneficial
Owner Report) and DTC reports and we intend to pursue all possible means
to investigate whether any naked short-selling has occurred, and if so,
we intend to take aggressive action to expose it.”
About RBID.Com, Inc.
RBID.com, Inc. (http://www.rbid.com)
facilitates the acquisition, commercialization, promotion and protection
of emerging patented and/or proprietary technologies. RBID.com, Inc.
also owns exclusive U.S. and European licensing and distribution rights
to Simply Budgets home budgeting software (www.simplybudgets.com).
RBID’s business partner, Leverage Inc.®
(leveragecard.com), provides a free personal web application for
users to manage their offers and savings, gift cards, and
loyalty/rewards programs online. Leverage®
customers have access to a single application that allows them to
purchase, track and exchange gift cards, earn interest on gift card
balances with complimentary bankruptcy insurance, manage loyalty and
reward programs, and receive highly targeted offers and savings from
retailers. Leverage®
also allows businesses to deliver offers and marketing messages in a
non-interruptive and completely transparent way at the very moment
customers are preparing to shop.
Safe Harbor Statement: This release contains forward-looking
statements with respect to the results of operations and business of
RBID.Com, Inc., which involves risks and uncertainties. The Company's
actual future results could materially differ from those discussed. The
Company intends that such statements about the Company's future
expectations, including future revenues and earnings, and all other
forward looking statements be subject to the "Safe Harbors" provision of
the Private Securities Litigation Reform Act of 1995.