MMRGlobal, Inc. (fka MMRF)

[stockmasterflash]

What about Loftus?

The 8th grade english in the 10k is unclear,but it leaves open the possibility of him pulling down a regular paycheck from MMRF. Yet he's not a software guy nor is he a healthcare guy. Process of elimination says he's there to bring in investors??

a) the investment pipeline sure seems to have dried up

b) he would seem to be a guy that Bob would want to make real comfortable since he has a good view of what exactly is going on behind the curtain.

http://www.sec.gov/Archives/edgar/data/1285701/000113626115000096/form10k.htm

Under the terms of the Agreement, we paid $250,000 to David Loftus as a one-time consulting fee in the form of 2,777,778 shares of our common stock. We recorded the $250,000 one-time licensee fee as a prepaid consulting fee. Amortization expense for the years ended December 31, 2014 and 2013 was $50,000 per year. In addition, we incurred a total of $0 and $15,020 during the years ended December 31, 2014 and 2013, respectively, toward convertible notes interest to Mr. Loftus. We included in related party payables at December 31, 2014 and December 31, 2013 of $64,615 and $64,615, respectively, in respect to these services. Furthermore, Mr. Loftus is a value-added-reseller of MMRPro systems. We recognized $0 and $18,421 in revenue from E-Mail Frequency for the sale of MMRPro systems, during 2014 and 2013, respectively.