MMRGlobal, Inc. (fka MMRF)

[stockmasterflash]

MMRF had $1 million surplus cash on the books last month

So why was it paying for day to day expenses with stock??? As recently as TWO WEEKS AGO

Because MMRF is a pennystock scam and that's what pennystock scams do. (( So that 6 months from now, the parties they issue restricted stock to will have these shares coming off restriction to immediately sell ))

On October 15, 2014, we granted an unrelated third-party 333,334 shares of common stock at $0.03 per share in consideration for services of $10,000.

On October 28, 2014, we granted an unrelated third-party 500,000 shares of common stock at $0.04 per share in consideration for services of $20,000.

On October 29, 2014, we granted an unrelated third-party 750,000 shares of common stock at $0.03 per share in consideration for services of $22,500.

We generally used the proceeds of the foregoing sales of securities for repayment of indebtedness, working capital and other general corporate purposes.

http://www.sec.gov/cgi-bin/browse-edgar?CIK=mmrf&Find=Search&owner=exclude&action=getcompany