I agree that "this is not an exact science" and I also agree that "we have no idea how much these Attorney Fees really are", so any guesses as to the attorney fees are well just guesses and speculation. As for the actual debt amount, it was $643k (plus the 8%, 3%, attorney fees) so altogether, I am going by what Allinder stated in a shareholder notice which was "... nearly $700k", not this fantasy $855k figure you invented. We can choose to assume the absolute worst case scenario for the stock and the best case scenario for Ironridge by assuming they captured share issuances at the exact lowest time windows in the trading since the original issuance. Remember, the original issuance was 143,500,000 shares, so you contnue to ignore that the final amount owed to Ironridge after the first issuance was the aggregate value equal to those original shares minus the remaining balance. We can assume it was very close to about $500k left to pay them after that first traunche. Even using the lowest possible average PPS of $0.0012, we get about 416M shares. I originally stated that I thought perhaps the final tally of shares Ironridge received was about 451M shares, so perhaps instead it was more like (143+416)= 559M shares, but even then if we start counting from 1.3B O/S to now, that would mean a final O/S at 1.86B and Ironridge totally paid off. I still am of the opinion that this latest issuance of roughly 100M shares or so was possibly for something else and I think that Ironridge (first part of the funding deal) has already been paid off. Just my opinions.
I can see you are going to continue to massage the numbers to fit your assumptions but from my perspective, it just doesn't add up. Even if we use a 10% fee on the $700k owed for the attorneys, that would mean tacking on an additional $70k, which at an average PPS of $0.0012 would mean merely an additional 58M shares. You can spin your fuzzy math any way you like but IMO its just smoke and mirrors to push your agenda which is rather clear from your other posts on which you pound the table on other boards daily, attempting to convince others that RFMK is nothing more than an "insider enrichment scheme". I think your obvious agenda has been on display for all to see so IMO we all know where you are coming from and what you hope to convince others of about RFMK. You are entitled to your opinion which is why you will notice that your legit opinionated posts remain on the board; its the ones in which you declare that RFMK is a share selling scam that have been removed. BTW, of course Ironridge can submit an "order" for share issuance when they desire, but take note that all of my estimations have used the absolute low PPS in all cases AND with the 70% price adjustment (discount) accounted for which in the end is on average $0.0012. Even using this lowest of PPS average price the calculations seem to match up almost exactly (within maybe a range of 40M to 50M shares) what we have seen with the expanding O/S. This suggests that Ironridge is done churning shares to get back their original debt loan and the second part of the deal has begun. Why do you think the second part of the deal ($50k/month) just started last month????? Likely because the plan was to fund them with the second part of the deal once Ironridge was done getting back their capital from the first part of the funding deal. It's just common sense bud. BTW, tell your friends on other boards that "FairHills" capital is NOT Ironridge, in fact "FairHill" capital is "aka" E-Lionheart, which is a questionable toxic funder that has major SEC litigation all over them because of defrauding over 100 pink issuers, including RFMK. It seems some like to group totally unrelated companies and PK stocks, some scams and some legit companies, lump them together simply because they all have been VICTIMS of E-Lionheart scamsters. Ironridge is NOT FairHills and just because RFMK was yet another victim of FairHills toxic funding scams does not necessarily mean we can group them together with PK stock selling scams. The spin zone is in full force it would seem.
Do or do not, there is no try.
$RFMK
