No one can know the future. All we shareholders know about the second part of the Ironridge funding deal is that allegedly 150 preferred shares were given for $50k/month for 18 months. We know no details about the arrangement other than was stated in a filing. The increase in the A/S is difficult for shareholders to swallow, to be sure, however assuming massive ongoing dilution for long periods of time is just more speculation. We all knew the company maxed out the A/S recently and so it was very likely they were going to increase the A/S in order to make room for more shares so they can raise additional funds to operate the business, though in my wildest dreams I could have never imagined Mr Allinder would raise the A/S to 5B!!! It is a sad day for RFMK shareholders. We have not heard any real news or corporate developments for months, no audit or 10K and now shareholders get to see that the share base has more than doubled. Wonderful! I have made it clear to the board what my long term strategy is with my PK and OTC stocks in my speculation portfolio. Most fail, some succeed, but I give them more than a fair chance to work but typically 9 out of 10 in my portfolio are losers and go nowhere, though even the one that does do well usually (at least) pays for the losses from all the losers and I rebalance the portfolio. I keep my speculation stocks at less than 20% of my net holdings so even if my entire speculation portfolio went to no bid for each and every PK/OTC stock, I would not feel the pain like so many of whom throw all their money into a risky penny stock day in day out trying to flip on MMs which IMO is rather foolhardy, though it seems some continue to convince others that is the only way to making profits in the scum swamp of pinkies. Shameful.
GLTY
$RFMK
