Rapid Fire Marketing Inc. (fka RFMK)

[nodummy]

IronRidge Global debt agreement:

From the filing:

http://www.sec.gov/Archives/edgar/data/859917/000114420412052100/v324107_sc13g.htm

On September 19, 2012, IV and the issuer settled $643,134 in accounts payable of the issuer now owned by IV, in exchange for shares of common stock of the issuer. Pursuant to an order approving stipulation for settlement of claims between IV and the issuer, IV is entitled to receive that number of shares with an aggregate value equal to the debt amount plus an 8% third-party agent fee, a 3% fee and reasonable attorney fees, divided by 70% of the following: the closing price of the issuer’s common stock on the date prior to entry of the order, not to exceed the arithmetic average of the individual daily volume weighted average prices of any five trading days during a period equal to that number of consecutive trading days following the date of initial receipt of shares required for the aggregate trading volume to exceed $2.5 million.

IV is prohibited from receiving any shares of common stock that would cause it to be deemed to beneficially own more than 9.99% of the issuer’s total outstanding shares at any one time. IV received an initial issuance of 143,500,000 shares, and may be required to return or be entitled to receive shares, based on the calculation summarized in the prior paragraph. For purposes of calculating the percent of class, the reporting persons have assumed that there were a total of 1,296,613,712 shares of common stock outstanding immediately prior to the issuance of shares to IV, such that the shares initially issued to IV would represent approximately 9.99% of the outstanding common stock after such issuance.

So IronRidge was only able to convert 143,500,000 shares through that date because they had to stay under 10% to avoid having the shares restricted. That means there will be plenty more shares issued to IronBridge in the future too.

They get their shares at 70% of the closing price.

On September 18th (the day before the conversion) the closing price was $.0019.

70% of $.0019/share = $.00133/share

So Ironbridge got their shares at $.00133/share.

Since they got 143,500,000 shares X $.00133/share that covered only $193,515 of the $643,134 owed to them and that isn't even counting the 8% third-party agent fee and 3% attorney fee which IronBridge is owed on top of the debt balance of $643,134.

8% of $643,134 = $50,730.72
3% of $643,134 = $19,294.02

$50,730.72 + $19,294.02 + $643,134 = $713,158.74

$713,158.74 - the amount covered by the 145,500,000 shares ($193,515) = $519,643.74 still owed to IronBridge

Watch for a few hundred million more free trading shares to be issued to IronBridge and dumped into the market.


I wonder if Tom will be able to keep bringing in enough buyers with his promises of a 10K that will never come and if real revenues will finally be showing up after months and months of revenue promises that never happened quite as promised in the past.

I also wonder if IronRidge will continue to exhibit the same discipline and patience that it has used so far to keep the share price from dropping enough to cause a panic while they dump and to continue to periodically stop dumping long enough to allow the share price the small upticks that keep investors excited. IronRidge has been pretty masterful at reading the charts and playing the price action to keep this shameless pump alive.


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Wondering how past IronRidge debt agreements went? Check out the long list of other public tickers that issued discounted shares to IronRidge for financing here:

http://searchwww.sec.gov/EDGARFSClient/jsp/EDGAR_MainAccess.jsp?search_text=%22Ironridge%20Global%20Partners%22&isAdv=false

I started to break down some of the tickers for you but barely got through 1/5 of them so far.

ECDC - Issued shares to IronRidge on 4/23/12 was trading at $.0043/share then, now trading at $.0003/share

STKO - Issued shares to IronRidge on 4/26/12 was trading at $.0045/share then, now trading at $.0012/share

HMNC - Issued shares to IronRidge on 4/20/12 was trading at $.44/share then, now trading at $.14/share

UCHC - Issued shares to IronRidge on 5/21/12 was trading at $.0027/share then, now trading at $.0002/share now

SAPX - Issued shares to IronRidge on 5/31/12 was trading at $.052/share then, SAPX a 1:70 reverse split after price fell to $.019/share on 9/4/12

VELA - Issued shares to IronRidge on 7/5/12 was trading at $.009/share then, dropped to $.003/share then VELA did a 1:100 reverse split on 7/24/12



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We know for a fact that over 300,000,000 free trading shares have entered the market since this latest RFMK pump started in August because of disclosure from the TA.

We know that the IronRidge dilution is far from over. And that RFMK has plenty of space under the 2,000,000,000 authorized share cap to keep issuing those free trading shares.

We know about other other red flags associated with RFMK found here

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80232466

And about questions regarding the safety of the product found here:

http://forum.grasscity.com/vaporizers/1093682-hmm-looks-like-cannacig-scam-being-exposed-one-one.html



But people are here to make money not to concern themselves with red flags. So far RFMK has allowed many the opportunity to take profits.

Keep your fingers crossed that the press releases are accurate enough to not draw the SEC's attention and that the volume will continue to stay high enough to off set the IronRidge dilution and that no new toxic financing agreements are waiting to be executed after the IronRidge one is done and that some day RFMK will actually see some of those big revenues they keep promising (and not more of the -$13,167 in revenues they lost so far in 2012 disclosed in the actual filings because the product cost more to sell than RFMK was able to collect).