RMS Systems Inc RMSSF

CEO BUYS SHARES!

[digger69]

Very Nice.... IMO now its ready to move!


CEO of RMS Systems Inc. Acquires Shares

7/28/2010 4:40 PM - FSC

Calgary, AB July 28, 2010

FSC / Press Release


CEO of RMS Systems Inc. Acquires Shares

Calgary, Alberta CANADA, July 28, 2010 /FSC/ - RMS Systems Inc. (RMS - TSX Venture)

RMSSystems Inc. ("RMS") and David Hall announce that on July 27th and28th, 2010, David Hall a Director and Senior Officer of RMS Systems Inc.("RMS") completed the purchase of 980,000 RMS common shares (the"Purchased Shares"). The Purchased Shares were purchased through the TSXVenture Exchange. The purchase price was
.20 per Purchased Share. Thetotal purchase price for the Purchased Shares was $196,000. ThePurchased Shares represent approximately 3.2% of the total issued andoutstanding RMS common shares. The purchase was transacted through Mr.Hall's Registered Retirement Savings Plan and LIRA and results in Mr.Hall having control of the Purchased Shares.

As a result of the acquisition of the Purchased Shares, Mr. Hall control and/or owns RMS common shares as follows:

[digger69]

As a result of the acquisition of the Purchased Shares, Mr. Hall control and/or owns RMS common shares as follows: ---------------------------------------------------------------------- NUMBER* PERCENTAGE** ---------------------------------------------------------------------- Common Shares owned and controlled by Mr. 3,437,653 11.2% Hall Prior to the Purchase Common

[chudu]

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[digger69]

What would you like to know about them chudu?  I have first hand experience using their equipment and own a few shares as well... any questions on how they stuff works or anything feel free to ask.. I'll do my best to answer!

[chudu]

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[digger69]

Well.. I cannot say for certain who they currently have contracts with ... BUT in the past on our drilling rigs while having RMS Systems installed we where working for CNRL (T.CNQ) and Encana (T.ECA).. 2 of the biggest Oil Companies in the country! My employer is Savanna Energy (T.SVY), we currently have aprox. 10 RMS systems installed on the Hybrid/Coiled Tubing Rigs. Here is a very

[chudu]

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[Tumbleweed67]

Not sure if this part caught your eye digger?Mr. Hall also advises that he is currently in discussions which will see him acquire an additional 1,865,000 RMS common shares through a private sale. This transaction is not anticipated to be completed until August 2010.TW

[digger69]

Yea thats very attracting.. by the time he is done he will own 30% of the company.  Now thats showing confidence in your company!!!

[Tumbleweed67]

Interesting that he opted to go to market to buy those shares rather than doing it through the PP. Couldn't they have just as easily increased the financing by 1M shares and he would've grabbed those warrants with it?TW

[chudu]

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[digger69]

I found out that RMS has 3 systems currently on Savanna's rigs and are working for CNRL.

[Tumbleweed67]

Yes, chudu, you appear to be correct, I don't see any mention of warrants.Bad assumption on my part...sorry.Still, very interesting he chose to purchase on the market rather than through the PP when his $200G would have gave them the $1M they originally announced. Are they managing the O/S that closely that they decided they just didn't need the extra $$$ right now?Regardless, I'm glad

[chudu]

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[Tumbleweed67]

Well, that would work both ways, right?Jul 28/10 Gorsline, Brian         Direct Ownership     Public market sale     Common Shares     0.200     -565,150Jul 28/10 Hall, David John   Direct Ownership   Public market buy 

[Tumbleweed67]

"Mr. Hall also advises that he is currently in discussions which will see him acquire an additional 1,865,000 RMS common shares through a private sale. This transaction is not anticipated to be completed until August 2010."Dedominicis, Marco FrancisLatest Filing Date: December 4, 2008Control or DirectionCommon Shares 1,865,000"RMS Systems Inc.  (RMS - TSX Venture), ("

[chudu]

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[digger69]

Now we know were the CEO is buying the next 1.8m shares and its good to see them stay in company control.. but this raises the obvious question of why are some BoD's leaving?

[digger69]

Here's the BoDs..minus Marco now! David Hall – President and C.E.O, and Director and Chairman of the Board David graduated from the University of Alberta with a degree in Petroleum Engineering.He started his career at PanCanadian Petroleum Ltd, and advanced through a numberof office and field positions to a middle management position. Since leaving PanCanadian,he has been a director