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We are UP 438.46%...
Just keep chompin' at those $0.035's and I'll be smilin'
maybe the pps will finally get out of the gutter
Well, J.S. does/did "believe" that the company will be "Cash Flow Positive" and "profitable" in 2013!
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Dear Shareholders:
As the transaction processing landscape continues to change, driven by technological advances, so does the need to maintain and adapt to these new technologies across the diverse offering of transaction processing devices. RedFin over the past 12 months has been able to stay ahead of industry changes and we believe our shareholders will see that these focused changes will significantly enhance revenues in 2013.
In an exclusive partnership with Blue Bamboo®, RedFin released the H50A, our highly anticipated upgrade of our long-standing flagship product, the H50. This upgraded device carries the same look and feel of the original H50, with enhanced performance. I believe that the improved connectivity, faster transactions speeds, the ability to process credit/PIN debit/check/gift/loyalty and EBT transactions, and the ability to track PO#'s, invoice #'s and customer/employee ID's provides the opportunity to position this device as a true leader in the mobile market space.
As a transaction solution provider, RedFin has also entered into a strategic partnership with several proven software development groups to release our own Hospitality and Retail POS software to be marketed as RedFin Restaurant and RedFin Retail. These offerings, software only and software/hardware packages, are very competitively priced and are being very well received by our reseller network and their customers.
The RedFin Network PCI compliant payment gateway continues to be enhanced and provides the most secure and available service connecting over 10,000 merchants with over 40 processing platforms.
Most importantly, we have made adjustments to our internal payroll overhead resulting in a reduction of nearly 30%. That, along with increased sales margins, we believe will allow RedFin to reach its goal of becoming cash flow positive and profitable in 2013 translating into increased shareholder value. RedFin also entered into a financing agreement with TCA Global Credit Master Fund. See http://www.tcaglobalfund.com/Press-Releases/
Looks like the web site is back up.
redfinnet.com
Oh and btw, RFNN TO DA MOON!
Hello to all. I haven't been here for a long time, but I look in occasionally. It's too bad Redfin never did anything regarding PR/IR and watched as other firms caught up and passed them by.
But, now that J.S. is gone, and CC moved up, perhaps there is a good chance things can turn around.
I'm thinking of buying in again. The stock is certainly cheap, it seems. But perhaps I'll wait till their website is back up though. Just saying..
I hope everyone here is well. GLTA
CC, are you moving to FL?
Are you going to be the permanent
boss, or just until someone is hired?
RedFins Have Inquiring Minds!
Actually, its DEAD. RFNN website is down!
What's next guys?
How's that 10K coming?
IMO Jeffrey's infraction probably was not
too bad. The fact he will still be consulting is
what leads me to believe that. The loans or
loan paperwork with his family could have
been the culprit.
CC, this is your chance to shine and a good
time to let shareholders know what is going
on with the company. Don't leave us sitting
on the tarmac wondering if something is
wrong with the plane.
RedFins Do It With New Mgt!
Jeffrey be gone!
Or almost, he will be consulting.
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=9231759
Just a few possibilities for late filings
1) Jeffrey's dog ate the 10-K
2) CC was fired and burned the 10-K
3) auditors quit
4) too much revenue to count
5) abacus broke
6) Stuckert's took the company private and
Jeffrey forgot to tell us
RedFins Do It With (out) Numbers!
The 10K HAS to be filed TODAY, right?
I added 3 times and also checked the NASDAQ calendar and today is the limit.
Come on J.S. and C.C., don't blow it!
Last chance to load up!!!
10K either will come out late today or if on Monday, I predict GOOD news!
Happy RFNN'n next week!
BID has moved up a whole $0.0001 from yesterday!
Look out, this things gonna move now!
<Friday sarcasm>
Come on, give it at least a $0.0060 -$0.0070 BID, so we can get some trading. I don't think the lowest ASK ($0.0075) is going to move at all. Only desperate ones will dump at these weak BIDs.
I expect a $0.04 - $0.08 trading range after the 10K and double or triple that after the 10Q (in May) if they do as J.S. has said.
"Cash flow positive" and "profitable" in 2013.
See it here...
Let's hope folks, I am getting burned out on this one.
Go RFNN!
2 new BIDs at a whopping $.0040 (but highest since the downfall)
Also 2 new "followers" on LinkedIn, for a grand total of "50".
Maybe they (RFNN) are gearing up for a great Monday release of news + the 10K?
My bad, extension gives RedFin until
the 15th to file 10-K.
Oh and btw, RFNN TO DA MOON!
Did Jeffrey miss another deadline?
Might have to hire CC back.
RedFins Cypher With A Broke Abacus!
Late 10K filing notice today...
NT 10-K
This is totally understandable just prior to a long "holiday" weekend.
Hopefully the REAL filing will come out early next week and we can finally see if RFNN has what it takes to succeed. Although, to get a better picture, I am willing to wait for the 1st quarter's 10Q filing in the middle of May! It will show how that new loan and reduced workforce is working for the company.
Go RFNN!
Are we ever going to get any good news from Redfin. The mobile payment industry is here and the only ones that know about Redfin are the measly stockholders. When do they report there last quarter.
Really beginning to think this is slowly going to be a loser since there is basically no news. Tired & weary investor.
Hmmmm... And no Insiders BUYING???
WOW! Someone spent ALL their lunch money on the open today!!!
$4.50?
Really?
Let's get the BID up a little (~$.008) and let some trading begin...
Cheapskates!
Seems as though today's (limited) action was due to this...
From the most recent news release...
Redfin will be showing retailcloud® along with its other POS offerings at the SEAA (Southeast Aquirers Association) show in Orlando March 4th and at the ETA (Electronic Transaction Association) show in New Orleans April 30th.
Latest News
I still wish that they would hurry up and hire a real IR Team!
Too little too late
Wow! It has been a LONG time since we had real NEWS and now that it has happened, where's the beef?
Not one trade?
Wow!
Are we that dead?
Come on JS and CC, let's hire a real IR group. We know that Undiscovered Equities doesn't work for RFNN anymore and your website still shows them as your IR group.
Please correct this!!!
They must have been in over their heads. Wireless is booming. Handheld devices are everywhere. You can get one for your smart phone. They had a jump on the field with this technolgy two years ago. They didn't move fast enough and in the right direction. Now they are being passed up by the competition.
Where is CC? Someone feels a shame?
The wireless wave is going, and they just get lost!
And what s pity, JF, or who bought most of the shares!
Yeah, but doesn't the fin dip below the surface just before the ATTACK?
;o)
Dips are OK, as long as it comes back up...
Some day!
Come on J.S.
C.C., got your ears on?
How's the insider buying?
This really sucks. All the promises of a PR campaign over the years.
Hey, Jeff! Where's the beef?
Don't forget about the claim of over 10K merchants, which means JUST over 10K merchants, when they had 14K merchants on the 10Q dated 11/9/2012. So, this means that they lost about 4,000 merchants because of ???
This would be a good question to ask CC or JS!
Some musings about SL:
The TCA loan agreement release is dated
11/26/12, does anyone know about
the terms? Or do we have to wait on filings?
Payroll was cut 30%, did they fire CC?
3rd or 4th year in a row calling for "break even"
RedFins Are At The Payment Gateway Of
Acclivity For PPS! or not
In that same "year" we went from about $0.10 to now at $0.02, so thank you so much Transmedia!
1-year Chart of RFNN
Today is the one year anniversary of
this PR http://ih.advfn.com/p.php?pid=nmona&article=50757213
TransMedia just happens to be in
Boca Raton like RedFin.
Looks like Jeffrey swung a little money to
his drinking buddy down at the local
watering hole.
RedFins Do It In Slow Motion!
Hey, I'm still here and have been buying over the past month or so.
Probably one of the only 2 buyers. I say this because someone else has been grabbing shares when I haven't.
I am hoping that after the 10K is filed, they will start to promote the stock finally!
No more excuses!!!
No more money problems and no more dumping of shares from unhappy lenders.
Time to go UP!
This just gets better and better each day, huh? Jeeeesh
Somebody say something encouraging. That is of course if anyone's left besides me.
Hey RFNN, let's make 2013 - The Year of the Shareholder!
It's a novel idea. People buy pieces of your company and these "pieces" are called shares and you trade them with other shareholders and the shareholders that hold onto the shares longest (usually) get a better price for them!
Because...
What the company does to support this is to promote the company and to show direction and give hope to the investors. No, not the "pump and dump", but honest promotion of the company, using IR groups to share the story.
This may be new to you, but trust me, it works!
Thank you and have a great new year everyone!!!
Merry Christmas to everyone!
The few
The proud
The RedFins
...and a measly $2.34 just made the Market Cap drop 40%
A few dollars just dropped it by about $1 MILLION and we probably will close at this because of our paltry volume!
Hey CC, any chance you guys will help us avoid our RedFin Fiscal Cliff?
How about some IR/PR now that you have new $$$?
;o)
Great NEWS...
Mobile is making it BIG!
Both on the BUYING side and the PROCESSING side of the transactions!
Nothing wrong with buying at the ask.
He was just doing your job, trying to
get the PPS up.
RedFins Got A Nice Ask!
MMM:
While probably well intentioned, I believe your actions may be viewed as illegal if looked at by certain regulators.
Definition of 'Painting The Tape'
An illegal action by a group of market manipulators buying and/or selling a security among themselves to create artificial trading activity, which, when reported on the ticker tape, lures in unsuspecting investors as they perceive an unusual volume.
Investopedia explains 'Painting The Tape'
After causing a movement in the security, the manipulators hope to sell at a profit.
Read more: http://www.investopedia.com/terms/p/paintingthetape.asp#ixzz2D42kNlaK
Be careful.
CC
Seems like others are starting to sneek some BIDs in!
This is great! Hopefully the engines are starting and we should see our stock start up the path to where we should and need to be.
A higher stock price is almost ALWAYS a good thing for both the shareholders and the company, so now that they (RFNN) have this newer and better money, they should not hesitate to get the IR/PRs out!!!
Sorry, but I just had to throw a little "paint" at the close!
Just can't remember what RFNN looked like in the 4's...
Maybe that 81% gain for today will get us on some radars.
Let's hope that we go up from there tomorrow, as I think that this holiday shopping season should be better than last year, especially for Mobile Payments!!!
I know, I just like to hear your voice!
;o)
Just hoping that you would add some colour...
It is not the "norm" for RFNN to trade so many shares (lately) and was just trying to break loose some info - hopefully!
We are sitting in a much better position with the ASK at $.04, which is something we haven't seen in a while.
That 350K BID was there and then "poof", but I hope it comes back.
The stock price is definetly being held down and if allowed to run, we could be back at the more reasonable, true value of ~$.08 to $.12 and then ???
MMM:
If I buy more, you'll see a form 4.
Poetry.
CC
Nice action this morning!
Are you buying more?
I did - last week and early this week.
Not quite the deal you got, but I'm very happy now.
Time to get that new company loan to work. How about an IR news release?
;o)
This is VERY good for RFNN (and INTU)...
More Americans Plan to Shop Small and Spend Big on Small Business Saturday®, According to Pre-Holiday Research from NFIB and American Express
Story here...
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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)
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