Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
CC is gone now!
8K Filing
Good riddance!
Now its up to the new guy to run things. Maybe this is best. He (Joseph Jones) is hopefully honest and ambitious. Can RFNN come out of this - stay tuned!!!
REF:
EXHIBIT 99.1
August 30, 2013
Mr. Joseph Jones
Chief Financial Officer
RedFin Network, Inc.
1500 West Cypress Creek Road, Suite #411
Ft. Lauderdale, FL 33309
Subject: Resignation
Dear Joseph:
Effective immediately, please accept my resignation as CEO and member of the board of directors.
Should you need any assistance going forward relating to any RedFin matters, please feel free to give me a call.
Regards,
/s/ Michael E. Fasci
This SHOULD resume trading tomorrow (Thursday) but I have no idea what its going to look like.
It will either be a blood-bath, driving this to further sub-pennies or they could release some of those tardy filings and we might actually go up!
Stay tuned...
Go RFNN!!!
Like I said in the earlier post, maybe TCA really "owns" RFNN now, since the 8K filing shows that the assets are sitting in a TCA account. We will have to wait for 2 weeks (or longer) to see what happens here.
REF:
TCA 8K Filing
got it...as in orange jump-suits. sorry for you!
ORANGE? It's a Netflix reference...
http://www.imdb.com/title/tt2372162/
Just a mention of what the new "attire" might be for these SEC violators!
what is organe?
Is ORANGE the new black?
The plot thickens...
It looks like CC and "Goldie" also own VHGI, which is also under investigation and CC is an officer too!
<Ugh!>
REF:
http://finance.yahoo.com/q/ir?s=VHGI+Insider+Roster
http://www.sec.gov/litigation/litreleases/2013/lr22780.htm
<Crap!>
There goes many years and many $$$'s down the drain. I just don't know who actually owns RFNN now.
It seems as though all assets are TCA's now. Maybe they will just sell the company or put their people in it and run it right.
Only time will tell.
Let's see what happens in 2 weeks when RFNN trades again!!!
Go RFNN!
<Booooo!>
the whole company has bit the dust now....to the greys.
WOW...game over! Sorry peeps.
Well now we know why the IR firms never seemed to be doing anything. Because they weren't!
disguise the kickbacks as payments to phony companies, which they knew would perform no actual work
RFNN: SEC Litigation and DOJ criminal charges against Jack Freedman
and CEO Jeffrey Shultz re : The Securities and Exchange Commission today charged several CEOs and their companies, and five penny stock promoters with securities fraud for their roles in various illicit kickback and market manipulation schemes involving microcap stocks.
http://www.sec.gov/litigation/litreleases/2013/lr22780.htm
and .0031 prints
And another one bites the dust...
David Rappa is now gone!
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001199835-13-000473%2Etxt&FilePath=%5C2013%5C08%5C08%5C&CoName=REDFIN+NETWORK%2C+INC%2E&FormType=8-K&RcvdDate=8%2F8%2F2013&pdf=
If C.C. is the only one (in management) left, it will be an even more sad ending to this story!
;*(
Games are being played with this stock. The B/A has just changed again - back to sleepy mode!
I see the ask is now .02.
What do the next asks look like?
RedFins Have Beautiful Asks !
Ginormous BID @ $0.01 (750K)...
Are we finally getting someone to recognize RFNN is worth more than sub-pennies or is something BIG happening?
We shall soon see!
Go RFNN!!!
.
Hey Kato, good to hear from you. I have pretty much given up my shares for dead. Yes, they missed a golden opportunity to become a leader in moble payments. Best wishes and I hope you get well.
Maybe time to have a chat with Sen. Elizabeth Warren.
Sorry about the health issues. I hope you feel better soon!
As far as RFNN goes, they are very unhealthy...
No 10K
No 10Q
No Jeff
No answer or returned calls from the new CEO (Michael Don't Call Me CC Fasci)
No IR page on their website - says "This account has been suspended". Now the last bit of company info is gone, so we are REALLY IN THE DARK!
Only positive note - the recent 8K, that shows that they are filing some stuff with the SEC.
I really hope that they (CC) start to talk to their LOYAL shareholders soon. This is not fair and does not benefit anyone.
I even updated on his last iHub post on the VHGI page...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=89854946
.
Hi guys
I'm still here. I've been pretty sick with lung issues and in and out of the hospital since late in May.
It's been hard to watch this mess but I am STAYING with yall through the tough times hoping for something better. These guys are definately fools to let so many opportunities slip by. So long as they "get theirs" I guess it just doessn't matter if we get our fair share of it.
Anything from CC?
Kato
8K Filing TODAY...
NASDAQ 8K Filing
Seems like they are trying to get their credit line in order, since the departure of J.S.
This is good!
They are still alive - for now!
Maybe the OTHER filings (10K/10Q) will come soon?
C.C.???
So that we can see how good/bad they have been doing the past 6 months.
It seems Redfin let the whole market pass them by.
Mobile payments to grow 44 percent in 2013
Technology research firm Gartner Inc. said in a mobile payments forecast that worldwide mobile payment transaction values will reach $235.4 billion in 2013, a 44 percent rise from $163.1 billion in 2012.
Concurrently, the number of mobile payment users worldwide will reach 245.2 million in 2013, up from 200.8 million in 2012. However, Gartner is lowering its mobile payment growth projections through 2017.
Gartner Research Director Sandy Shen said the reduction in its mobile payment forecast was due to "lower-than-expected growth in 2012, especially in North America and Africa," with the adoption of NFC technology in all markets remaining sluggish and mobile wallet initiatives such as Google Wallet and Isis "struggling to gain traction."
http://www.greensheet.com/emagazine.php?story_id=3622
Go RFNN!!!
I've given up these shares for dead so anything would be a bonus
We now have a 90K @ $0.01 BID.
Is that good enough?
If the $0.015 ASK gets wiped out and we start to move to the 03's, etc., then you have to admit that we might actually be coming back from the dead...
Hopefully!
It seems as though some are loading up before the end of June. Maybe we will find out what's really going on at RFNN after the holiday.
Go RFNN!!!
Have you seen the volume over the past 6 months? Any multiple trades IS something to get excited about! Especially on the BUY side. I am guessing that something big is coming, so don't sell too cheap!
It's only 52,000 shares don't get too excited. I'm tempted to dump off all my shares at this price to recover some bucks, but there isn't enough demand for shares for them to all go.
Looks like someone woke up RFNN!
Maybe the filings will soon come?
Maybe the "deal" is almost done?
Who knows!
Only CC can tell us. The keeper of all.
If the hits to the ASK continue today and we push up into the ~$0.05 - $0.08 range, I would have to say that something good is finally happening to this Red-Finned Pig!
Go RFNN!!!
It will be interesting to see if the
new CFO gets shares as part of his
employment package. Or maybe he'll say
"ARE YOU KIDDING ME!"
Will say one thing for RFNN, they are consistent.
Always keeping the shareholders out of the loop,
no matter who is in charge.
I THINK WE ARE DONE - WELL DONE!!!
Nice job CC, you are so MUCH better than JS. You brought down in a month what JS has been building for the past 5+ years.
No news...
No filings...
Website is out of date...
Facebook page is so last year...
No opinion...
No comments...
No more investors...
No more company...
Lawsuits coming?
I have called multiple times and asked for CC to call back - NOT YET and probably NEVER!
Only one of two things are happening...
1) They had an offer to be bought out and they are working very hard to complete this.
OR...
2) CC is even worse at PR/IR than JS ever was and he (CC) is going to drive this into the dirt!
Hoping for #1, otherwise I am waiting for that Form 15 filing.
CC, Are you still in business?
RedFins Swim In A Deep Dark Chasm!
I think that it is just YOU and ME now...
Somebody sold their last 175 shares. Wow - $.89 now they can get that pack of gum they had their heart set on.
;o(
RFNN has scared away just about all the shareholders!
Nice job guys, now what?
Greenie, do you want to get in this convo?
Did you post the news?
RedFins Are Like Mgt., Slightly Confused!
I'm at a loss. I looked under this board and no news. Also looked under Yahoo and no news.
Where exactly are you seeing news?
The only thing that I saw today was the Form-4 filing from JS.
2 the 3 things posted under RedFin news today.
What 2 news articles?
Any idea how the 2 news articles relate
to RFNN?
RedFins Have Inquiring Minds!
Yes, I have gotten the same warning from my home PC (Norton antivirus) but not from work. The RedFin store also has a virus. This is just another item that RFNN does not keep updated - just like the filings!
The only GOOD thing about this could be, but don't take this as "biblical", maybe and I do say MAYBE the delay could be because all their focus is on a purchase or BEING purchased. I can't think of any other reason for being so late.
Hopefully we will see something soon!
3-M, See if you can get into redfinnet?
When I try, it says threat blocked and then
nothing happens.
RedFins Do It With Pen & Paper!
Does anybody think fins will be released 5-31-13?
CC, a couple of questions.
Are you planning to run PR for the company like Jeff?
Would you invest in such a surreptitious co. without
insider knowledge?
We know you spent your own money for a % of your
shares, so why not look at this situation from a
shareholder standpoint?
RedFins Wonder Why Only Jaybirds Are Naked!
Yeah, the "check" is in the mail!
This is the first EVER that I have seen ANY company, not just RFNN, have 2 outstanding LATE filings!!!
Nice work CC!
RFNN to the moon...
On the quarterly late notification (Part IV) it asks
if all prior reports have been filed and
"YES" is checked. Just checked and I don't see
2012 4th quarter report.
RedFins Swim In The Short Aquarium!
Well the NEW CFO is only a kid "28", so maybe he is working on the 10-K after school?
;o)
Sorry, but I am getting a little peeved with them!
It's been almost a month since mgt.
change and not a peep. Hard to believe
this is called a public company.
RedFins Do It In The Dark!
New list of officers submitted to
Nevada SOS this week.
Michael Fasci-Director/Secretary/President
(one place it's Michael, couple of others it's Mike,
guess they are all the same fearless leader)
Joseph S Jones-Treasurer
RedFins Do It In Nevada!
Followers
|
37
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
14708
|
Created
|
11/29/05
|
Type
|
Free
|
Moderators |
Secured Financial Network, Inc.'s (RFNN) Virtual Payment Solutions Subsidiary Announces Its RedFin Network PCI/CISP Receipt of Compliance by Visa
Monday October 20, 7:00 am ET
http://biz.yahoo.com/pz/081020/152467.html
Secured Financial Network, Inc.'s (RFNN) Virtual Payment Solutions Subsidiary Announces 99 Percent Revenue Increase in Quarter
Tuesday October 7, 9:37 am ET
http://biz.yahoo.com/pz/081007/151722.html
http://biz.yahoo.com/pz/080929/151140.html
Shareholder updates:
Wednesday April 30, 9:39 am ET
http://finance.yahoo.com/q/ce?s=RFNN.PK+Company+Events
2008 PROJECTED REVENUES AND MARKET SIZE
Exchange OTCBB Symbol: RFNN
Revenue (forecast 2008)
SFNL (old name for RFNN) $3 million run rate for Q1 2009
Market Size
2006 Credit Card $49 Billion
2006 eCheck / ACH $13 Billion
2010 Credit Card $85 Billion
2010 eCheck / ACH $19 billion
Primary Markets
Merchant Credit Card Acquisition
* Internet-based POS merchants
* Wireless POS terminal merchants
* Premium card not present merchants
Secured Transaction Processing
* PCI / CISP Certified Gateway
* Envoii Secured Transactional Services
Mobile and Wireless Technology
* Wireless POS Terminals and Services
* Mobile Accessible Payment Services
CEO PROFILE
Jeffrey L. Schultz, CEO
Brings to Redfin Network Inc. more than 30 years of increasingly high levels of executive responsibility and experience. Most recently, he served as Vice President of Sales and Marketing for InteleTech Corporation. Earlier, he acted as a consultant to several companies in the plastic printing and card issuance industries. Prior to that, Schultz was Director of Business Development for Continental Plastic Card Co., one of the top-10 plastic printers in the USA, coordinating the financial and sales restructuring of the company and executing a business plan that made Continental Plastic profitable.
COMPANY STOCKCHART
http://stockcharts.com/c-sc/sc?s=RFNN&p=D&yr=0&mn=6&dy=0&id=p98209470351&r=.....
FINANCIAL STATEMENTS AND FILINGS
Latest 10-q
http://pinksheets.com/edgar/GetFilingHtml?FilingID=6111844 />
Insider Transactions
Recent Filings
OWNERSHIP TOTALS as of DATES SHOWN BELOW | |||||||
Form 4 | (insiders transactions) | ||||||
http://www.sec.gov/Archives/edgar/data/1100394/000114036112000665/xslF345X03/doc1.xml | |||||||
Stuckert, James W | as of 01/03/2012 | ||||||
as "Ten Grand Ltd." | 455,000 | shares | |||||
as "Diane V. Stuckert" | 11,400,000 | shares | |||||
as "James W. Stuckert Trust" | 850,000 | shares | |||||
Form 4 | (insiders transactions) | ||||||
http://www.sec.gov/Archives/edgar/data/1100394/000114036111059170/xslF345X03/doc1.xml | |||||||
Fasci, Michael E | as of 12/29/2011 | ||||||
Michael E. Fasci | 6,021,920 | shares | |||||
Form 4 | (insiders transactions) | ||||||
http://www.sec.gov/Archives/edgar/data/1100394/000114036111051595/xslF345X03/doc1.xml | |||||||
Schultz, Jeffrey L | as of 11/03/2011 | ||||||
Jeffrey L. Schultz | 8,770,334 | shares |
Archives
http://www.sec.gov/Archives/edgar/data/1100394/000114036107012675/xslF345X02/doc1.xml
http://www.sec.gov/Archives/edgar/data/1100394/000114036107011680/xslF345X02/doc1.xml
http://www.sec.gov/Archives/edgar/data/1100394/000114036107010735/xslF345X02/doc1.xml
http://www.sec.gov/Archives/edgar/data/1100394/000114036107012675/xslF345X02/doc1.xml
http://www.sec.gov/Archives/edgar/data/1100394/000114036107011680/xslF345X02/doc1.xml
http://www.sec.gov/Archives/edgar/data/1100394/000114036107010735/xslF345X02/doc1.xml
http://www.sec.gov/Archives/edgar/data/1100394/000114036107006863/xslF345X02/doc1.xml
http://www.sec.gov/Archives/edgar/data/1100394/000114036107006620/xslF345X02/doc1.xml
http://www.sec.gov/Archives/edgar/data/1100394/000114036107001635/xslF345X02/doc1.xml
CEO OWNS 8,770,334 SHARES........CFO OWNS 6,021,920 SHARES (as of 01/03/2012)
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |