MMRGlobal, Inc. (fka MMRF)

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Who is MMRF's vendor for Data Storage?

When you upload your data to the MMRF PHR, where is it stored? Is it a real company like EMC, IBM, or Amazon? Or is it RHL?

If it's the latter, it shouldn't be a shock to anyone why there would be zero corporate adoption of MMRF's product and why the US government snickered at the CEO's Obamacare offer. Huge risk to entrust your most personal of data with an unknown, unproven company with unknown security. MMRF has had a data security audit, right?

(also would explain why MMRF seems to be in no hurry to actually add customers. Storing IMAGES, not data, entails a huge infrastructure cost, which neither RHL nor MMRF can afford)

""We also have entered into a consulting agreement with The RHL Group, Inc., which is wholly-owned by Mr. Lorsch that provides for a monthly fee of $25,000 plus reimbursement of expenses including medical insurance. The RHL Group provides consulting, operational and technical services to the Company, which we refer to as the RHL Services. As part of the RHL Services, the RHL Group provides the Company with unrestricted access to its internal business and relationship contact database of more than 10,000 persons and entities, which includes clients of the RHL Group and other individuals which may hold value to the Company. The RHL Group also provides infrastructure support to the Company, including allowing the Company unlimited access to its facilities, equipment, and data, information management and server systems. The RHL Group has also consented to allow the Company to utilize the full-time services of Mr. Lorsch as the Company's President, Chairman and Chief Executive Officer, which requires substantial time and energy away from his required duties as The RHL Group's Chairman and Chief Executive Officer. In addition, The RHL Group has made its President, Kira Reed, available as the Company's spokesperson. Ms. Reed, who is Mr. Lorsch's spouse, also manages the Company's social networking activities.""

http://www.sec.gov/Archives/edgar/data/1285701/000113626114000192/body424b3.htm

As of December 31, 2013, our current liabilities exceeded our current assets by $9,665,955. Furthermore, during the year ended December 31, 2013, we incurred losses of $7,638,769. At the current level of borrowing, we require cash of $275,000 per year to service our debt and, in order to continue operating its business, we use an average of $278,000 cash per month, or $3.3 million per year.

Revenue from our largest customer, which comprised 52% and 33% of our total revenue for the years ended December 31, 2013 and 2012, respectively, was transacted with a private entity in which we hold a minority equity investment.