Rogue One Inc (fka ROAG)

[Pres46]

FPFI recently conducted a debt consolidation, where they consolidated these notes out of the hands of "toxic funders", and into more friendly hands

You have to love this about Quirk. He doesnt have anything to say about whether this is still a form of convertible note, nothing to say regarding if its only a situation of less toxic lending, lets be realistic, he was taking notes with 55% discounts to the lenders so a note with only 50% discount is considerred "more friendly" here.

My money says that this new financing is only less toxic financing than the last bunch of notes he issued. Most likely he has taken the 45-55% discount notes and now has them with another toxic lender at 30-35% discount. This method of refinancing would be one way to avoid a "material event" and therefore an 8K filing. We havent absolved the debt, just borrowed it on the Visa card to pay off the American Express.

Just another crock of garbage from FPFI this morning. Shareholders are still screwed here, Quirk has just managed to delay the conversion date is what this looks like.