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Article: RBID.COM, Inc. Reports Concern Over Recent Market Activity and Plans To Investigate.
- Article from:
- Business Wire
- Article date:
- October 22, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEWPORT BEACH, Calif. -- 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 ...