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Sales will shut me up.
I do what accrual means. However, if you are paying roughly 170,000 a quarter is salaries and if they are accruing, then why all the toxic notes for roughly the same amount. I do agree that here 3,300,000 bonus is accrued. I do not see in going into creation of inventory.
In addition, the leak-out agreements seem to be fairly broad for new notes.
"On January 12, 2016, the Company entered into an agreement Crown Bridge Partners LLC to invest $36,000 into the Company in exchange for the issuance of a $40,000 convertible promissory note. All outstanding interest and principle is due and payable January 12, 2017. Unpaid balance bears an interest at the rate of 22%. The note is convertible by Crown Bridge Partners into shares of the Company’s common stock at any time on or after the Issuance Date. The conversion price for each share is equal to 65% of the lowest trading prices of the Common Stock on the OTC Market for the 20 prior trading days. The Company has the option to repay this note up to 180 days after issuance.
On January 19, 2016 Auctus Fund LLC converted $13,260 of the principal on its convertible promissory note into a total of 20,000 shares of our common stock, subject to the terms of a leak-out agreement.
On January 20, 2016, the Company entered into an agreement Yoshar Trading LLC to invest $30,000 into the Company in exchange for the issuance of a $31,100 convertible promissory note. The note bears interest at the rate of 8%. All outstanding interest and principle is due and payable January 20, 2017. The note is convertible by Yoshar into shares of the Company’s common stock at any time on or after the Issuance Date. The conversion price for each share is equal to 65% of the lowest trading prices of the Common Stock on the OTC Market for the 20 prior trading days. The Company has the option to repay this note up to 180 days after issuance.
On January 22, 2016, the Company entered into an agreement Auctus Fund LLC to invest $77,750 into the Company in exchange for the issuance of a convertible promissory note. The note bears interest at the rate of 8%. All outstanding interest and principle is due and payable October 22, 2016. The note is convertible by Auctus into shares of the Company’s common stock at any time on or after the Issuance Date. The conversion price for each share is equal to 70% multiplied by the lowest trading price of the Common Stock on the OTC Market for the 20 prior trading days.
On February 12, 2016 Auctus Fund LLC converted $13,000 of the principal on its convertible promissory note into a total of 25,000 shares of our common stock, subject to the terms of a leak-out agreement.
On February 28, 2016, the Company entered into an agreement with APG Capital Holdings, LLC to invest a total of $63,000 into the Company in exchange for the issuance of 2 convertible promissory notes, each $31,500. The first $31,500 note is a front end note and was purchased by APG Capital Holdings, LLC on February 28, 2016. The second $31,500 note is a back end note and will be funded no later than October 29, 2016. The Company has the option to cancel the back end note and any obligation thereof by giving 30 days written notice of cancellation no later than the 5 th month anniversary of the issuance of the front end note. The notes bear interest at the rate of 8%. All outstanding interest and principle on the front end note is due and payable February 28, 2017. The note is convertible by APG Capital Holdings, LLC into shares of the Company’s common stock at any time on or after the Issuance Date. The conversion price for each share is equal to 65% multiplied by average of the lowest trading price of the Common Stock on the OTC Market for the 20 prior trading days. The Company has the option to prepay this note up to 180 days after issuance
On February 29, 2016, the Company entered into an agreement Auctus Fund LLC to invest $77,750 into the Company in exchange for the issuance of a convertible promissory note. The note bears interest at the rate of 8%. All outstanding interest and principle is due and payable November 29, 2016. The note is convertible by Auctus into shares of the Company’s common stock at any time on or after the Issuance Date. The conversion price for each share is equal to 70% multiplied by the lowest trading price of the Common Stock on the OTC Market for the 20 prior trading days.
On March 10, 2016 Auctus Fund LLC converted $50,996 of the principal and interest on its convertible promissory note into a total of 97,991 shares of our common stock, subject to the terms of a leak-out agreement. "
You really should not be concerned what I am thinking. Lorraine has promised imminent deals. With these imminent deals, came bonuses and increased salaries. If a deal is not done, and the price dips below .50, you will be complaining too. Every time she increases the debt to make payroll, you can guarantee a lower bid. But you seem to know everything, oh wise one. Trust in Lorraine and never question her. She has done one reverse split and she will do it again.
Thank you. I am not a day trader.
No new money going into this stock, until a deal is done. What is your entry? I bet you will say 1.10 and you bought at the lowest possible point.
She will need to do something because the preferred debt holders must triple their money shortly. If not, Lorraine will have to go elsewhere to obtain funding to pay for $170,000 quarterly salaries.
My average is around 2.00. I have no trust in Lorraine after seeing the filings. Go ahead and believe the company line. Lorraine hates toxic debt, but to keep the US RXSF battleship afloat to pay their salaries for the first quarter, over 200,000 in toxic debt has been incurred. I will take it out of the board when the CEO says something and I find out in filings it is not true. Keep on believing and drinking the cool aide, oh wise one. The electronic toxic preferreds love you.
You are so wise. I wish to be just like you when I grow up.
Lots of electronic shares to pay for toxic notes to pay for $170,000 worth of quarterly salaries by nothing to do. They cannot operate without bank financing.
Please do put me on ignore. Every week I am going to post when there is no deal or even more. The are getting paid 170,000 per quarter and nothing is being done. They are getting paid with toxic notes, this, no skin in the game. The share price drops. Before long, with Lorraine at the helm, there will be another stock split. However, she sure does hate toxic financing. If you want to wait until September or even this same time next year giving Lorraine the benefit of the doubt, you can. There is not sense of urgency when you are playing with others money.
No it is not. Just write a check and let the inventory build up and let the sales force go. It gets complicated because of the greed.
It appears to be another week of pontification. Lorraine needs to give herself and her hard working staff another bonus.
If Lorraine keep dragging her feet, the toxic note holders will sell you at .60 or below. Hard to catch a falling knife.
Since the Ruth Group has come on board, the share price has done nothing but decrease as they slam their shares into retail buyers. Great decisions all around. Still no deal.
Get a deal and shut me up.
Lorraine:
How about resetting your incentive stock option plan from about 1:60 down to 1.00. Then declare yourself another 1,000,000 bonus for a job well done. The shareholders with red accounts do appreciate your hard work and thinking only of yourself. Keep up the hard work. We will be at .25 in June if no deal. Just keep pontificating and keeping your options open while the share price dwindles and dwindles and dwindles. No wait, you can reset the incentive stock option plan at .25 and then declare yourself another bonus. History does repeat itself.
If she declared herself a 3,300,000 bonus last year, I believe that she needs around an 800,000 bonus for the first quarter. After all, a couple presentations is hard work. The only problem is is that she is running out of retail buyers who fall for her story. Just ink the deal and most of us will go away.
And relatively short term holders (from December onward) who are disgruntled. She appeared to hate toxic debt financing, but later filings illustrated that there were a ton of toxic notes that were executed. She declared her 3,300,000 bonus and set up a stock incentive plan at bargain basement prices.
All will be forgiven if a deal is struck. However, time is ticking and the staff is getting paid 170,000 per quarter, probably with toxic electronic shares, of which my portfolio is full of.
Bueller Bueller
Lorraine Lorraine
Where is the deal? I know that it takes time, but you had a lot of time. You hate toxic note financing and are very contrite about what happened. Nonetheless, you signed a bunch of toxic notes so that you could get paid in December, January and February (the time I was buying your act about hating toxic notes and learning from the past and thus buying the toxic, electronic shares). In my line of work, I would have to go without a paycheck. I have a toxic lender, it is called a credit card. The longer you pontificate, the more notes you will create and the share price will be at .50 and it will be time for another stock split. The only problem is that your fan base is dwindling. You have gone to the well one too many times.
In MHO, you have as much credibility as Larry the cable guy, so get er done. Earn your 3,300,000 bonus and you and your staff $170,000 a quarter. I see nothing yet but a lot of fluff, plans and forward looking statements so that you will not get sued, but I know lots of times are happening so that the toxic note holders can slam their electronic shares into retail so that you and your staff can get paid.
Talk is cheap. Get a deal done.
I could not pass up the 1.24. I did buy at the ask. It was filled immediately, I do believe I bought electronic shares, but at this discount, I will hopefully make some money. This purchase is on me. I have read the filings, and cannot state that there are no preferred toxic notes.
And every body wonders why the price is down. Lorraine made statements she hated toxic financing and she had learned from her past mistakes and even sued some early converters. When I read the filings, I became sick. I was buying on the premise that the toxic lending was through. She is getting no more of my money until a deal is inked. I know that money is necessary to run a corporation, but now I do not trust her. The company will be a success. however, not with any more of my money until I am convinced of some things.
I thought all the posters stated there was no dilution with the Redwood deal. Hartman will get paid this year. Those notes were used for operating capital, which includes his salary. Until a deal, it will be raining electronic shares.
That sounds great. I know I have been negative, but I do want positive news.
She is the 3,300,000 CEO with phantom electronic shares for you to purchase. She does hate toxic debt financing, though. wink wink.
If true, then it makes sense, I guess.
Lorraine
To earn your 3,300,000 plus the quarterly 170,000 salary requirements, you will have to do another reverse split which you hate and supposedly learned your lessons from. 1.02 great job!!!!!!!!!!!!!!!!
I know your do not like criticism, but I have unknowingly bought a lot of phantom electronic shares due to toxic financing. EARN YOUR MONEY AND CUT A DEAL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
*Significant Revenues by Q2
This was taken from Cheeky's post at the top.
How???We are officially in the second quarter.
Bueller Bueller
The busiest spot at the conference. Your tweets are not working. People want results.
I am about to give Lorraine the Kodak award for being the CEO of a can't miss product
Over exposed
Under developed
But keep those electronic shares coming. I have to eat what I kill. I do not have toxic notes to support me.
The misleading prs were a way to create hype so that the company could unload toxic debt on shareholders like me. She hated toxic debt and I believed promised she would not do again after the reverse split. She had learned her lesson. However, the last filings showed a lot of new toxic notes, but she would claim they are not toxic.
However, the CEO has certainly papered herself up. I do not mind a her doing so, but only after a deal is struck and/or sales. She would have then earned it.
The only way Lorraine can get her 3,300,000 is a deal.
Lorraine, the 3,300,000 CEO, with an incentive stock option plan financed at these rock bottom prices, where's the beef? I know you do not like criticism from the IHUB board, but when you get paid from issuing shares that we buy, your actions will be analyzed. When you were signing all these toxic death financing notes at the end of the year and you do hate toxic debt financing but seem to keep doing it, you did quite a promo job convincing me that RXSF is the stock of the future, only to see quite the reduction in share price.You did a reverse split. The sheeple will keep believing only for so long and then your 3,300,000 will suffer quite the correction like my stock account.
March 31
Lorraine earn your 3,330,000. We are watching.
I usually buy at the ask. I have all the stock that I need. Until the financing comes, I am not putting anymore money. She has misled/lied too many times. It is time to deliver.
Financed with toxic debt, which she hates.
I will bash the CEO any time she makes claims and does not deliver, especially when I put my hard earned money in it based on her promises.
She is going to put them in a lock bock and hold them for the future. She has only our best interests at heart. I am sure she will cash them out at her retirement, so that is why she gave herself a nice bonus in 2015.
Don't forget, she got paid around 3,300,000 in 2015 for her efforts and they initiated a stock plan at bargain basement prices. She is a real gem. Guess what, still no sales. If they had been on Shark tank, this would be a billion dollar company. Great product, poor execution for Lorraine.
I just saw the news release. I was very impressed. However, this is MOPN.
It is the new math.
I have been wondering that myself.
At a shareholders meeting one day, I will be glad to buy you a drink and say I was an idiot. I might even buy Lorraine one.