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RBDC RBID com Inc (CE)

0.000001
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
RBID com Inc (CE) USOTC:RBDC OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.00 01:00:00

RBID.COM, Inc. Reports Concern Over Recent Market Activity and Plans To Investigate

22/10/2008 2:15pm

Business Wire


RBID com (CE) (USOTC:RBDC)
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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.

1 Year RBID com (CE) Chart

1 Year RBID com (CE) Chart

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1 Month RBID com (CE) Chart

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