Form 8-K posted on the SEC EDGAR archive. Quite
Post# of 11899
posted on the SEC EDGAR archive.
Quite interesting the latest filing is. It appears there is some kind of royalty agreement though perhaps through an intermediary, Matthew Schissler, of whom owns a large stake in RFMK stock.
Details about the royalty agreement can be found here and here .
Remember, young padawans, Rapid Fire Marketing company is essentially a HOLDING company now with a forthcoming corporate name and ticker change.
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Item 1.01 Entry into a Material Definitive Agreement.
On March 12, 2014, the Company was assigned a royalty agreement dated October 1, 2013, with Global Specialty Products, Inc., by Frozen Food Gift Group, Inc. (“Assignor”). In exchange for the assignment of the Royalty Agreement, the Company will pay the Assignor the sum of $10,000 in the Company’s restricted common stock. The royalty agreement provides for the investment of $80,000 into Global Specialty Products, Inc. ("GSPI") within the next twelve months, with possible triggers for additional investment, for the manufacturing and distribution of Microwave Roasters ("MRI") products. The Company will receive a 5% net sales royalty payback for the next 10 years on all sales of the Microwave Roasters products through GSPI."
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