$RXSF~ Filing opinions~ http://www.otcmarkets.com/
Post# of 18851
Posted On: 12/30/2015 3:21:51 PM
$RXSF~ Filing opinions~ http://www.otcmarkets.com/edgar/GetFilingPdf?...D=11014029
Let me begin by saying these are my opinions based on nformation provided shareholders by this filing from RXSF,inc~ These opinions are nothing Less than what the company has shared as their Current difficult forward Unaudited direction~This means NOT ONE credible accouning firm will put their name on this Maybe close to correct info~ Good reason too may be the fact they only have cash for Salaries~ NOT bringing and credible account of the actual state of affairs? It is important for you to be WELL aware that there are Indeed among Us professionals that are paid in one way or another to openly, and in my opinion Carelessly convey matter conveyed as Fact that are indeed skewed or unaddressed fact about the obvious shortcomings facing RXSF. They use whatever means nevessary to convey/convince you they are knowldgable about the company, have some inside track, or READ/are more insightful than you? Officers find and employ these Snake Oil salesmen to Hoodwink,Distort, and Deceive you every way imaginable to forward (SHARE DUMPING) the objective in a less than open and factual manner that delivers one a tremendous Loss thinking there is something of substance or the quite outside shot that this 7mil in DEBT ridden Pig may Ever doing anything but line the pockets of the principle in charge~ In my Opinion
Lets start with the status of the company and what they themselves have reported as their Current condition as this well articulated filing reflects~ There's only one individual that stands to make a serious gain,(and as well the Tout with an Incredible penchant for creating Myth as the facts) ALL remains cloaked ,(Unless you read the filing) Incredible the Ability to convince Lay traders there is something positive for anyone buying shares today~Filing states~ 'They consider themselves a Smaller reporting company' and I think here is a good reason why?
#1~ Any and All financial statements of late are 100% unaudited~which in my opinion means there is No reason to believe much of any of it is credible ?
PART I
- FINANCIAL INFORMATION
Item
1. Financial Statements
Our financial statements included in this Form 10-Q are as follows:
RX SAFES INC.
FINANCIAL STATEMENTS
ENDED SEPTEMBER 30,
2015 AND 2014 (UNAUDITED)
Statements of Cash Flows - (Unaudited) Nine Month Ended September In the opinion of management, all adjustments considered
necessary for a fair presentation have been included.
VERY Scary!
Operating results for the interim period ended September 30, 2015 are not necessarily indicative of the results that can be expected for the full year.
Well OF COURSE NOT!imo.
In Fairness~ Lets see how they've done~ Here are their Assets as they have stated~ Again UnAudited so could be much worse?
RX SAFES INC.
CONDENSED BALANCE SHEETS
September 30, 2015 They have a total of
(Unaudited) ASSETS
Current Assets
Cash and cash equivalents $8.816.00 ( Good Reason they don't have a Health Ins. in place? The agreement entitles Ms. Yarde eligibility to participate in the Company’s health insurance plan or
reimbursement of up to $1,000 per month until a
company-health insurance plan is established BonusBaby!!! WoW How would one put this policy in place with no money or in reality a hopeful company? imo..
and state they have a bulging $116 in Inventory /The previous year they had a $13,782.00 in cash and equivalents and $25,689.00 in inventory~
Holy smokes would anyone consider this a viable business? Hardly? What the heck happened! Oh thats right~ salaries had to be paid? Sick~,imo
In a matter of 9 months they expanded the debt to an Incredible $933.336.00 from the previous $341,293.00~ Way more than Double and for what? Well $64,080.00 was convertib;e toxic debt,imo and the other Nasty line item known as Deriviatve liability emerged in the outrageous amount of $684,411.00 where the Previous year there was None! How nice~
They state the Accumulated Deficit is UP by Over $4.5 MILLION bucks from 2.5 mil $ to over 7.5 mil $!! Keep in mind they Never reduced the Authorized shares of 500 million shares, Oh no, They just the Slaughtered those Current Shareholders and reduced Outstanding to a litle over 1.3mil shares,imo, so they could come Back and Really enrich the Principle with a deal any of Us would Gladly take.
So to recap they Increased debt, took on convertible debt where there was none, Reverse split the stock ,but, didnt change the Authorized,imo and Oh and did I mention they at the same time went from a 2014 Net Loss of $132,067.00 to a Net operating Loss of $4,547,921.00!!!!! Holy Garbage! Now during this time as well, they picked up a whopping $123,925 in Net cash for financing materials~ Guess where that went? But wait it gets better! There is Now a convertible debt due of $164,000 using the Black Shoals rule~
Thats 50% of the current price from the last 10 trade days and that took place Right after the split! imo~ Get ready for the likely filing coming ,imo.,Increasing the O/S again and Loading the pockets of this lovely debtor~ Rinse and Repeat story from 5 years ago when they delivered the same BS rant and lined their pockets on shareholders backs,imo. Ready to do it again it appears,imo. Filings DO NOT LIE!! Promoters and Non Factual storytellers that do NOT disclose DO! Here is where you get hung out to dry~
"in the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair statement of financial position as of September 30, 2015, results of operations for the three and nine months ended September 30, 2015 and 2014, and cash flows for the nine months ended September 30, 2015 and 2014, as applicable, have been made. The results of operations for the three and nine months ended September 30, 2015 are not necessarily indicative of the operating results for the full fiscal year or any future periods"
Well heck NO they're even Worse!imo. No money! No Sales, R/S that Once again shat on the current shareholders, and then have some over zealous likely compensated liar convince Innocent people either gulible or just not aware that this is something Fantastic?
Simply amazing! and Hats off for finding the dumb American traders you once stated would BUY any BS twisted well enough to draw Buyers their way~ Hey the guy proved he was right~ some DO NOT Read and have so little value for their OWN good Common Sense that they would allow themselves to be played as suckers~ I can tell from the sentiment of the latest posts that they CEO likely dumped shares converted and had One HELL of a Christmas on YOU trickling shares and hammering any worthy bid ! imo
LOOK!
NOTE 7
Employment
Agreement
What a beauty !
The President
of the Company, Ms. Lorraine Yarde, signed an employment contract effective January 1, 2015 which is effective until termination.
The agreement stipulates a base salary of $175,000 plus an annual performance bonus targeted at fifty percent of salary.
What? No Inventory, No sales, and Over 7mil in debt! WooHoo if your'e her!,imo The agreement entitles Ms. Yarde to annual salary increases of ten percent as well as other customary employee benefits such as paid vacation
Holy Cow and Free trips! imo
.
Here's the Kicker!!!
The agreement allows Ms. Yarde to convert any unpaid compensation to Company stock at a 50% discount to the then market price, in the form of unregistered securities!!!!!
UNREGISTERED SECURITIES! Ouch!!! Huge problem,imo~
Can you say Win/Win for one person!! imo
Guess NOW your figuring out WHY the A/S was never changed! they gotta have shares for Ms.Yarde right? OMG!! Not even funny! imo
As of September 30, 2015 unpaid compensation under the agreement totaled $43,750. On September 21, 2015 Ms. Yarde converted $87,500 of the unpaid compensation into 265,152 shares of the company stock
265,152 shares! Whats that put in her pocket today?!!!! Even at todays overvalued Close of $3.50 and this is just the start! The price was as High as $6.49 before Collapsing as they continue to collect on the bid ,imo~
On September 18, 2015, the employment agreement with Ms. Yarde was amended to reprice the exercise price on her 50,000 options to $0.001 per share~ !!!! OMG WHY don't people READ! Even a little?
Obviously NO BID support so IF you own it you cant get out and you're not as Fast as these sharks at dumping and substantial bid the next Newb puts up~ http://www.otcmarkets.com/stock/RXSF/quote
The fulcrum to motivate your Buying has NO CONSCIENCE and the past 22 over zealous approach to companies its promoted have ended VERY Badly! It's documented!!!! Mythical stories, News coming, Paid for Analyst Hopium thats beyond Distorted .......
Your money , your Call~ Please don't be the next victim~ The track records quite clear~ Moneys GONE! and thats beyond SAD
All just an honest opinion~ imo
Flex
Let me begin by saying these are my opinions based on nformation provided shareholders by this filing from RXSF,inc~ These opinions are nothing Less than what the company has shared as their Current difficult forward Unaudited direction~This means NOT ONE credible accouning firm will put their name on this Maybe close to correct info~ Good reason too may be the fact they only have cash for Salaries~ NOT bringing and credible account of the actual state of affairs? It is important for you to be WELL aware that there are Indeed among Us professionals that are paid in one way or another to openly, and in my opinion Carelessly convey matter conveyed as Fact that are indeed skewed or unaddressed fact about the obvious shortcomings facing RXSF. They use whatever means nevessary to convey/convince you they are knowldgable about the company, have some inside track, or READ/are more insightful than you? Officers find and employ these Snake Oil salesmen to Hoodwink,Distort, and Deceive you every way imaginable to forward (SHARE DUMPING) the objective in a less than open and factual manner that delivers one a tremendous Loss thinking there is something of substance or the quite outside shot that this 7mil in DEBT ridden Pig may Ever doing anything but line the pockets of the principle in charge~ In my Opinion
Lets start with the status of the company and what they themselves have reported as their Current condition as this well articulated filing reflects~ There's only one individual that stands to make a serious gain,(and as well the Tout with an Incredible penchant for creating Myth as the facts) ALL remains cloaked ,(Unless you read the filing) Incredible the Ability to convince Lay traders there is something positive for anyone buying shares today~Filing states~ 'They consider themselves a Smaller reporting company' and I think here is a good reason why?
#1~ Any and All financial statements of late are 100% unaudited~which in my opinion means there is No reason to believe much of any of it is credible ?
PART I
- FINANCIAL INFORMATION
Item
1. Financial Statements
Our financial statements included in this Form 10-Q are as follows:
RX SAFES INC.
FINANCIAL STATEMENTS
ENDED SEPTEMBER 30,
2015 AND 2014 (UNAUDITED)
Statements of Cash Flows - (Unaudited) Nine Month Ended September In the opinion of management, all adjustments considered
necessary for a fair presentation have been included.
VERY Scary!
Operating results for the interim period ended September 30, 2015 are not necessarily indicative of the results that can be expected for the full year.
Well OF COURSE NOT!imo.
In Fairness~ Lets see how they've done~ Here are their Assets as they have stated~ Again UnAudited so could be much worse?
RX SAFES INC.
CONDENSED BALANCE SHEETS
September 30, 2015 They have a total of
(Unaudited) ASSETS
Current Assets
Cash and cash equivalents $8.816.00 ( Good Reason they don't have a Health Ins. in place? The agreement entitles Ms. Yarde eligibility to participate in the Company’s health insurance plan or
reimbursement of up to $1,000 per month until a
company-health insurance plan is established BonusBaby!!! WoW How would one put this policy in place with no money or in reality a hopeful company? imo..
and state they have a bulging $116 in Inventory /The previous year they had a $13,782.00 in cash and equivalents and $25,689.00 in inventory~
Holy smokes would anyone consider this a viable business? Hardly? What the heck happened! Oh thats right~ salaries had to be paid? Sick~,imo
In a matter of 9 months they expanded the debt to an Incredible $933.336.00 from the previous $341,293.00~ Way more than Double and for what? Well $64,080.00 was convertib;e toxic debt,imo and the other Nasty line item known as Deriviatve liability emerged in the outrageous amount of $684,411.00 where the Previous year there was None! How nice~
They state the Accumulated Deficit is UP by Over $4.5 MILLION bucks from 2.5 mil $ to over 7.5 mil $!! Keep in mind they Never reduced the Authorized shares of 500 million shares, Oh no, They just the Slaughtered those Current Shareholders and reduced Outstanding to a litle over 1.3mil shares,imo, so they could come Back and Really enrich the Principle with a deal any of Us would Gladly take.
So to recap they Increased debt, took on convertible debt where there was none, Reverse split the stock ,but, didnt change the Authorized,imo and Oh and did I mention they at the same time went from a 2014 Net Loss of $132,067.00 to a Net operating Loss of $4,547,921.00!!!!! Holy Garbage! Now during this time as well, they picked up a whopping $123,925 in Net cash for financing materials~ Guess where that went? But wait it gets better! There is Now a convertible debt due of $164,000 using the Black Shoals rule~
Thats 50% of the current price from the last 10 trade days and that took place Right after the split! imo~ Get ready for the likely filing coming ,imo.,Increasing the O/S again and Loading the pockets of this lovely debtor~ Rinse and Repeat story from 5 years ago when they delivered the same BS rant and lined their pockets on shareholders backs,imo. Ready to do it again it appears,imo. Filings DO NOT LIE!! Promoters and Non Factual storytellers that do NOT disclose DO! Here is where you get hung out to dry~
"in the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair statement of financial position as of September 30, 2015, results of operations for the three and nine months ended September 30, 2015 and 2014, and cash flows for the nine months ended September 30, 2015 and 2014, as applicable, have been made. The results of operations for the three and nine months ended September 30, 2015 are not necessarily indicative of the operating results for the full fiscal year or any future periods"
Well heck NO they're even Worse!imo. No money! No Sales, R/S that Once again shat on the current shareholders, and then have some over zealous likely compensated liar convince Innocent people either gulible or just not aware that this is something Fantastic?
Simply amazing! and Hats off for finding the dumb American traders you once stated would BUY any BS twisted well enough to draw Buyers their way~ Hey the guy proved he was right~ some DO NOT Read and have so little value for their OWN good Common Sense that they would allow themselves to be played as suckers~ I can tell from the sentiment of the latest posts that they CEO likely dumped shares converted and had One HELL of a Christmas on YOU trickling shares and hammering any worthy bid ! imo
LOOK!
NOTE 7
Employment
Agreement
What a beauty !
The President
of the Company, Ms. Lorraine Yarde, signed an employment contract effective January 1, 2015 which is effective until termination.
The agreement stipulates a base salary of $175,000 plus an annual performance bonus targeted at fifty percent of salary.
What? No Inventory, No sales, and Over 7mil in debt! WooHoo if your'e her!,imo The agreement entitles Ms. Yarde to annual salary increases of ten percent as well as other customary employee benefits such as paid vacation
Holy Cow and Free trips! imo
.
Here's the Kicker!!!
The agreement allows Ms. Yarde to convert any unpaid compensation to Company stock at a 50% discount to the then market price, in the form of unregistered securities!!!!!
UNREGISTERED SECURITIES! Ouch!!! Huge problem,imo~
Can you say Win/Win for one person!! imo
Guess NOW your figuring out WHY the A/S was never changed! they gotta have shares for Ms.Yarde right? OMG!! Not even funny! imo
As of September 30, 2015 unpaid compensation under the agreement totaled $43,750. On September 21, 2015 Ms. Yarde converted $87,500 of the unpaid compensation into 265,152 shares of the company stock
265,152 shares! Whats that put in her pocket today?!!!! Even at todays overvalued Close of $3.50 and this is just the start! The price was as High as $6.49 before Collapsing as they continue to collect on the bid ,imo~
On September 18, 2015, the employment agreement with Ms. Yarde was amended to reprice the exercise price on her 50,000 options to $0.001 per share~ !!!! OMG WHY don't people READ! Even a little?
Obviously NO BID support so IF you own it you cant get out and you're not as Fast as these sharks at dumping and substantial bid the next Newb puts up~ http://www.otcmarkets.com/stock/RXSF/quote
The fulcrum to motivate your Buying has NO CONSCIENCE and the past 22 over zealous approach to companies its promoted have ended VERY Badly! It's documented!!!! Mythical stories, News coming, Paid for Analyst Hopium thats beyond Distorted .......
Your money , your Call~ Please don't be the next victim~ The track records quite clear~ Moneys GONE! and thats beyond SAD
All just an honest opinion~ imo
Flex
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