EquiJohn,
good question, know the answer I do not. The issue with knowledge of the share structure is that ever since RFMK management moved over to the new Transfer Agent, the T/A has been 'gagged' which means they have been told to not provide information to the public about the share structure. The T/A will simply tell you to contact the company and good luck with that prospect. This kind of lack of transparency and ill will should be very concerning for shareholders and followers of RFMK.
In the last 10-K filing the O/S was stated to be ...
"As of July 24, 2014, the Company had 3,725,591,789 shares of its common stock, $0.001 par value per share, outstanding."
However, the A/S was 5B shares and now it appears (Nevada business entity documents) that the A/S was recently increased to 20B!!! Perhaps this suggests that the O/S has already reached 5B from the 3.7B shares at the end of July and now management ran out of room, maxed out the O/S and so needed to increase the A/S for more dilution and funding. Often though holding companies will increase their A/S to allow for more liquidity for bolt-on acquisitions, so that is an interesting prospect or possibility as well.
We just cannot know, that is the simple answer, until management finally provides real transparency to shareholders via SEC (audited) filings that are recent. Many months ago Allinder promises shareholders imminent announcements about new board of directors, acquisitions and launch of the PP. So far, NOTHING has occurred, except more and more dilutive financing. A reminder to those who may think this dilution is for nothing, would be that the company is still receiving about $50,000 per month so that money is going somewhere to buy something. Hopefully for the sake of shareholders the funds are getting used properly by management to build the business, launch the PP and perhaps negotiate acquisitions of companies of whom already have a revenue stream, and not just going into the coffers of Allinder and management. Supposedly the PP is being tested right now by the test group for final approval then within weeks the first production run is supposed to begin. I guess we will see what transpires over the next month. It would be a very nice holiday treat for shareholders if management can actually make some forward progress with getting a real product launched and keeping it out on the market selling, even if via a few websites on a small scale. IMO there is absolutely no reason or excuse whatsoever for management to have been taking $50k per month and diluting all this time and the company has nothing to show for it other than a sinking PPS and yet another tranche of dilution to the tune of increasing the A/S four fold!
Shame!
Do or do not, there is no try.
GLTY
$RFMK
good question, know the answer I do not. The issue with knowledge of the share structure is that ever since RFMK management moved over to the new Transfer Agent, the T/A has been 'gagged' which means they have been told to not provide information to the public about the share structure. The T/A will simply tell you to contact the company and good luck with that prospect. This kind of lack of transparency and ill will should be very concerning for shareholders and followers of RFMK.
In the last 10-K filing the O/S was stated to be ...
"As of July 24, 2014, the Company had 3,725,591,789 shares of its common stock, $0.001 par value per share, outstanding."
However, the A/S was 5B shares and now it appears (Nevada business entity documents) that the A/S was recently increased to 20B!!! Perhaps this suggests that the O/S has already reached 5B from the 3.7B shares at the end of July and now management ran out of room, maxed out the O/S and so needed to increase the A/S for more dilution and funding. Often though holding companies will increase their A/S to allow for more liquidity for bolt-on acquisitions, so that is an interesting prospect or possibility as well.
We just cannot know, that is the simple answer, until management finally provides real transparency to shareholders via SEC (audited) filings that are recent. Many months ago Allinder promises shareholders imminent announcements about new board of directors, acquisitions and launch of the PP. So far, NOTHING has occurred, except more and more dilutive financing. A reminder to those who may think this dilution is for nothing, would be that the company is still receiving about $50,000 per month so that money is going somewhere to buy something. Hopefully for the sake of shareholders the funds are getting used properly by management to build the business, launch the PP and perhaps negotiate acquisitions of companies of whom already have a revenue stream, and not just going into the coffers of Allinder and management. Supposedly the PP is being tested right now by the test group for final approval then within weeks the first production run is supposed to begin. I guess we will see what transpires over the next month. It would be a very nice holiday treat for shareholders if management can actually make some forward progress with getting a real product launched and keeping it out on the market selling, even if via a few websites on a small scale. IMO there is absolutely no reason or excuse whatsoever for management to have been taking $50k per month and diluting all this time and the company has nothing to show for it other than a sinking PPS and yet another tranche of dilution to the tune of increasing the A/S four fold!
Shame!
Do or do not, there is no try.
GLTY
$RFMK
