Excellent DD!!! Very interesting about the VOIS 10Q details. Well, now we know for certain where that $480k expense went, it went to Brent Fouch for "consulting services" otherwise known as "general and administrative" expenses via the company handing over 10M more preferred shares.
I think it is unclear about the possibility of RFMK owning and/or merging with Mind Solutions (and/or VOIS), because the statements in the VOIS 10Q can only lead to mere speculation.
"The Company had outstanding advances from Mind Solutions, Inc (Canada), the former parent company of Mind Solutions, Inc
On October 19, 2012, VOIS Inc. (i) closed a share exchange transaction, pursuant to which VOIS Inc. became the 100% parent of Mind Solutions, Inc., and (ii) assumed the operations of Mind Solutions, Inc
On October 19, 2012, the Company entered into an Agreement and Plan of Merger with Mind Solutions, Inc. For accounting purposes this agreement was treated as a reverse merger. The operations of the Company became those solely of Mind Solutions, Inc.
On January 24, 2013, the Company issued 10,000,000 common shares to Brent Fouch, the former CEO of Mind Solutions, Inc., pursuant to an executed consulting contract for (1) one year of financial and business services. The Company valued the services at the closing market stock price on the date of the agreement which was $0.029 per share which resulted in a prepaid of $290,000"
So either the consultant Brent Fouch is snapping up a lot of money from various unrelated penny stock companies by providing "consulting services" every year, or else, the transactions are related and/or have some sort of linkage and he effectively sold out his share in Mind Solutions to VOIS and/or RFMK and perhaps now effectively RFMK is the holding company for VOIS and Mind Solutions, which is a daughter company of VOIS. It's all rather convoluted and unclear so who knows really, but what we do know now is why RFMK had a very large $480k "expense" in the Q1 report, which was labeled as "general and administrative" expenses; basically that "expense" was the monetary value of the 10M preferred shares given to Brent Fouch. I would surmise from this fact that either there is something very shady going on down here in the scum swamp of stinky pinkies or else there is some sort of wheeling and dealing going on behind the scenes which will or have resulted in a consolidation of a few companies. Mr Allinder did state that RFMK was basically going to effectively become a "holding company", so perhaps the speculation around a reverse merger or takeover of Mind Solutions/VOIS is not entirely off base. Difficult to see the future is. It should be interesting to watch as all of this unfolds though. Uncertain is the fate of the company and uncertain is the value for shareholders in any of these transactions. While holding companies can grow in value over time by various corporate transactions, mergers, buyouts, etc, without true and proper (audited) transparency via a 10K filing, it is impossible for investors to really know what is going on behind the scenes and therefore the company becomes un-investable; until such transparency can be given. All my opinions, of course.
Do or do not, there is no try.
GLTA
$RFMK
