Redify Group (fka RDFY)

[Traderfan]

Agreed. That said they obviously need to correct the O/S number as soon as possible in the filings.

[gumzsa]

Yeah no kidding. There are alot bigger pos out there than this imo. This one actually better than most.lol.

[Traderfan]

To talk about a scam in a company which has 23 million shares out and then 2.3 million shares post split is probably the dumbest thing I have ever read on ihub. lol

[gumzsa]

If they RS its gonna be a 1:10 RS really small those kind dont wipe out shareholders like the triple zero pig big Rses do. I would agree with you if millions of shares were getting sold everyday and the OS was in the billions and the price was in subbyland but it isnt. You are comparing apples and oranges here. The volume just isnt there besides the day of the pump to make your theory correct nor can it be with only a 50 mil AS 2 mil or 20 mil OS whatever the real one is the float remains low.


http://www.profitspi.com/stock/view.aspx?v=price-and-chart&p=25194&i=TGFN&pv=recent-symbols&pp=TGFN#&&vs=635157414787836943

THe SEC is too busy suspending companies that dont dilute for not filing so if the company files, scam or not they seem to be letting them trade. Just gotta learn the craft and take the good with the bad.

[bikerider99]

Well, look @ it this way: you get screwed either way, if the trading does not get halted the company will dump stock and R/S until your stock becomes worthless. At least if the trading gets halted, they can't suck in more people.
People complain all the time about being screwed by scam companies, yet when it comes to stick it back to them they won't do anything.

[gumzsa]

It is a OTCQBer so doubt it gets halted. All halting does is screw the existing shareholders anyway so not sure why you so big on it.

[bikerider99]

Yeap, this was a pump and dump based on false filings by the company. Eventualy sooner rather than later the trading on this will be halted.

[batemania]

Yeah, the R/S is what caused it.

[bikerider99]

If it turns out that they've filed false info, then so be it, one less stinky pinky to worry about. I've emailed their accountant/legal yesterday, have them clarify the share count, however so far I haven't heard from them and I doubt they'll ever reply.
Bantering about the R/S is not what keeps investors away, what caused the bantering is what keeps investors away.

[batemania]

Halted if anything. Two full days of bantering about R/S isn't going to get investors.

[bikerider99]

"When the reverse split and name change are finally completed, I will own (on a fully-diluted basis) a 3.5M share stock being managed by people who don't have a history of making wild, indiscriminate share issuances. And the bulk of those shares will be held by Sam/Marni Gaer. And there are a number of groups/players on IHUB and elsewhere who like to lick their chops when they spot a low-float stock that can be pushed higher with relative ease."

What you will end up with after the R/S (assuming that it will ever happen) is stock in a company that has been filing false information for quite some time now and has a habbit to announce things that they cancel later on. They don't need to R/S to make any acqusitions, here is what they say about the R/S: The Company believes that the Reverse Stock Split may improve the price level of our Common Stock and that the higher share price could help generate interest in the Company among investors and other business opportunities. Are you kidding me? R/S so the stock price goes up? How about they run some legit business to make the share price go up? Sure they don't print billions of shares (but then how can one know, as they've been lying about the O/S for almost a year, or longer?) but then with the little shares they they print they easily make $1mil/year, all free money.

Long story short, people need to stand up and report these companies filing false information!

[1geb]

i think you may be right, i stand to be corrected..thx!

[TallTrader]

Reverse split is not completed. You can call the company to verify. The phone number is listed in their SEC filings.

My opinion is that when the reverse split is announced, there will be a sell off since the pump and dump was based on false information and people will sell once they realize that.

But of course, I could be wrong.

I OWN SHARES IN TGFN PURCHASED IN THE OPEN MARKET.

[Potse]

Traderfan...reason for the split.....

What brings me to whole different question. Why does a company with 23 million shares out want to do a RS 10-1??

The reverse split was originally being done to accomodate the assets acquisition of another company (IceLounge Media), an accompanying three rounds of financings, and presumably future acquisitions or corporate needs.

This post I made back in January provided some general idea of what the company would have looked like from a structural standpoint. If my math was correct, they were planning on financing of about $1.3M to $3.6M, and two of the rounds of financing were going to be at premiums to what was then the current share price......

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=82951037

That acquisition was never completed, but the company decided to continue with the name change and reverse split. My hunch is that TGFN doesn't intend to just grow organically but still plans to make some strategic acquisitions at some point.

It should be noted that about one week after the acquisition agreement was terminated somebody made a $25K direct investment in TGFN at 2 cents. There wasn't any information in the last 10Q to identify if that investment came from an insider or a third party, but clearly somebody thought TGFN looked attractive at 2 cents.

When the reverse split and name change are finally completed, I will own (on a fully-diluted basis) a 3.5M share stock being managed by people who don't have a history of making wild, indiscriminate share issuances. And the bulk of those shares will be held by Sam/Marni Gaer. And there are a number of groups/players on IHUB and elsewhere who like to lick their chops when they spot a low-float stock that can be pushed higher with relative ease.

I happen to think this will make for a pretty interesting situation, but I guess I am in the minority.

[1geb]

thx!

[bikerider99]

So they've been playing the R/S game for a long time now.
Well, report them for: False or misleading statements about a company (including false or misleading SEC reports or financial statements)

http://www.sec.gov/complaint/tipscomplaint.shtml

[1geb]

wow! what a POS...now, i believe they may take it to doubles...criminals!

[1geb]

either this is going to be HALTED or going to $$$S, one of the two, i like my odds!~imho!!!!

[1geb]

love it! agreed 100%...can you share why...

[csf_hassan]

Buy buy buy

[1geb]

actually, almost a year, from December 31, 2012 to present..AMAZING!!!

[1geb]

ok, this is becoming more confusing..are the below same or different R/Ss..amazing!..tia....

The Board of Directors authorized a reverse split of 10 to 1 of its Common Stock, effective December 31, 2012 immediately prior to authorization of the Material Definitive Agreement.

then

On April 15, 2013 the company filed a Definitive 14C for the purpose of changing the Company’s name and effectuating a ten (10) to one (1) reverse split of the Company’s common stock.

[Traderfan]

What brings me to whole different question. Why does a company with 23 million shares out want to do a RS 10-1??

[Potse]

TallTrader...reverse split not completed.....

So your opinion is the same as mine, that the reverse split has not been completed. Correct?

Correct. I am guessing that TGFN did the reverse split on the Delaware state level, and then for whatever reason they started using the split-adjusted numbers in their SEC filings before the split was processed by FINRA.

It is frustrating from a retail investor standpoint, because all of this concern about the reverse split and the correct share structure could have been easily avoided.

My opinion/outlook on the stock probably differs from yours regarding what effect all this controversy and/or the split itself will have on the stock. Personally, I view it as a temporary nuisance until the reverse split and name change are completed. Based on my belief that the Gaers and company are basically getting the "old gang" together again and seem more determined now to build up a business, I like the chances of TGFN seeing prices above the current .03 (.30 post-split).

I generally view TGFN the same way I do the TEE* shell. My expectation is that the post-split structures (particularly their low-float natures) and new or increased business activity will attract attention and some explosive/tradeable moves in the share price.

[bikerider99]

Interesting, so the company has been filing false numbers in regards to the share count for several months?

[gumzsa]

The split has not happened. I have a had my shares since 12-17-2012 and no such split has occured. Hasnt even hit the daily list yet. 1 for 10 split on a low floater not bad anyway if you get in at a decent price. Doing really well on a few this year RAFA and HOTF to name a few.

[1geb]

could be wrong, BUT, why would the share price would go down the same percentage as that of the R/S, the date of the R/S..the R/S has happened! however the process of change of the name has not, apparently....oh! well, we will find out soon....

[TallTrader]

So your opinion is the same as mine, that the reverse split has not been completed. Correct?

[1geb]

WOW! thank you very much, sir!

[Potse]

TGFN...reverse split controversy.....

Whoever put together the 10-K filing for TGFN really made a bit of mess by forgetting that the 1:10 reverse split hasn't occurred yet, so the numbers/info in the filing are pretty confusing.

I made mention of the reverse split and the share structure discrepancies in the company's filings back in April (see above post). It's a problem that has caused quite a bit of confusion, and I had hoped the company would have corrected/clarified things by now or the RS and name change would have been completed by now. It is also a bit ironic/embarrassing to the company because one of the influential people at TGFN (Sam Gaer) is a former executive Vice President at FINRA.

But having said all that, TGFN still remains a pretty attractive speculative investment at these prices. I've mentioned in previous posts why I think TGFN looks rather interesting. The reverse split controversy doesn't really change my outlook on expecting higher prices here.

I like to look at my investments on a fully-diluted basis, since that gives me a better idea of what I'm buying. Since Marni/Sam Gaer have been financing the company with convertible debt (in the 1-3 cent area over the last few years), it is logical to assume they will convert the debt at some point in the future......

1) Fully-diluted, pre-split shares outstanding: around 30-35M shares.

2) Fully-diluted, post-split shares outstanding: around 3-5M shares. And the float will be roughly in the 1-1.5M share area.

As I have mentioned in previous posts, the changes that have been occurring on the website and other possible undisclosed corporate activity/involvement are quite interesting since it indicates a possible increase in corporate activity and increased attention/energy by management.

So following the reverse split, TGFN is going to be a fairly interesting low-float play. I was actually expecting to see TGFN attract promo/momentum activity after it completed the reverse split, since that is when I would expect to see increased corporate activity in the form of IR related activity. I don't know if the company is planning to hire an IR firm again, but back several years ago when the company first changed it business activity, Sam Gaer had hired a fairly impressive IR firm (I can't remember the name at the moment, but the firm was run by a female).

One of the drawbacks of some of the uncompensated promo picks is that the promos often lack quite a bit of common sense due diligence, and with a little more effort they could be written in a much more interesting/compelling fashion. Unless I missed it, this particular promo never included any information on some of the people who manage/own this stock, nor did it include the company website (albeit still not fully developed/functional).

http://www.redify.net/
http://www.flashcashdirect.com/
http://www.linkedin.com/pub/scott-lybbert/3/a61/587
http://www.linkedin.com/in/samgaer

[thepoet75]

BS, couldn't even get in below .2 to make a profit on this one

[1geb]

sound plan! GLTU!

[TheMadHatter]

eh like i said, i expected a bit more from psycho, oh well. hopefully they have something up their sleeves.. I might buy some more if it starts showing it will run. Right now it looks like a stalemate to me and doesn't plan on doing anything that would put me in the lead ;P I have 10k shares at .04 from earlier today and i dont plan on selling them just decided to grab a few shares just to see what happens but if it does run ill probably go in for a couple hundred K shares.. otherwise APS play it is! ;)

[1geb]

LOL!,...true! averaged down a LIL..oh! well it is a CASINO & i am pretty comfortable @ these levels...we shall find out soon!

[TheMadHatter]

well i sure dont see you selling your .035s for any profit lol

[1geb]

u still think u can get your .01s!?

[1geb]

.034x.038, somebody wants these shares...dunno why but....

[TallTrader]

I have no idea why they show those shares outstanding. I don't know why Yahoo shows the reverse split. All I know is that the reverse split has not been completed per the OTCBB website. And for TGFN to have 2.3mil shares out, that must be completed.

Again, I may be wrong. The OTCBB website may be wrong. I have no idea.

BUT, this happened to me before and I showed you the proof. You can look at those links and see that the company posted incorrect info in their SEC reports, then later completed the reverse split afterward.

Hopefully I am wrong.

Why don't you call the company and tell them you are a shareholder and want to know if the reverse split has been completed.

GLTY

I OWN SHARES IN TGFN PURCHASED IN THE OPEN MARKET.

[TheMadHatter]

expected a bit more from the psycho stock pump.. oh well they usually aren't that great anyways :P

[1geb]

$234,000.000 served @ an average price of almost .08!

[bikerider99]

Both otcmarkets and otcbb have the correct number ... assuming that the number has not canged since.

[fair231]

Shares outstanding 2,332,105 as of aug 15 2013 per otc

[Traderfan]

TT, but on otcmarkets there is the correct O/S number listed, the same one than in the filings.

[1geb]

lol! yes drank some 3!...the R/S scare, we shall c....

[TheMadHatter]

I'm sure you'll have the same "opportunity" in the .01s soon enough

[1geb]

.035, pANIC selling, an OPPORTUNITY for me!

[1geb]

finally, the .036s, bot!

[1geb]

have u noticed, print the .036s & the BID never moves down!

[1geb]

may grabbing some .036s!

[1geb]

it went from .11 to .01 and it is NOT enough for you, WOW! OK! then, SELL! somebody will BUY it!!!!