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.
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.
Skype rooms have been TOLD 2 SELL @ Bids
SEC is already looking for those responsible for this PUMP
This falls below a PENNY TOMORROW
Chikkken LIttle says, " THE SKY IS FALLING "!!!!
The truth about RFMK must be TOLD !!! The mere fact that Cheryl is nothing but a front for an even more sinister scheme is the real nuts and bolts. Who is behind curtain # 1 and 2 and 3? Thats hy I'm here. I am here to bring justice to those that have fallen. L2 is collapsing and many lawsuits are coming imo.
Run as far as you can from RFMK bro. The bid ask is .002 X .0021 with no bid support and 10 million on the ask imo.
Food for thought ? the steak ( shares ) is rubbery and bland and the service ( executives ) is horrible.
Would you be a satisfied customer ( shareholder ) ? Thats the position I'm in right now.
Unbelievable people are " ACTUALLY " buying RFMK. Amazing. Simply enigmatic. WOW The power of social media is an enigma in itself imo.
L2 on RFMK is DISGUSTING and UNHEALTHY imo. What could election momo do to RFMK? Cannacig has to work first, right ?
30 million share dilution every 2 weeks is bad business imo.
Dreams are being DESTROYED @ RFMK. Sad ending to a " once promising " stock.
10K will NEVER EVER COME IMO !!!
NO MO' ELECTION MOMO here y'all
RFMK's days of scamming are OVER imo.
Cheryl is SELLING IMO and so is Tom and Iron Ridge.
Google " Cannacig Reviews " and you will see the Vapor community scoff at the Cannacig which is an e-cig with a lable slapped on.
NO oNE WANTS TO BUY RFMK ? Hmmmm Have they been reading all the bad reviews online about Cannacig ?
" Hurricane Sandy cometh to RFMK bid today "
Investors are stuck and Red Cross ( SEC is coming to save everyone ) will be here.
LOL, so " Buy a stock in a company where you cant legally buy its product ?"
How about paper trading a stock where you cant legally buy its producy and trading stocks that do have products you can buy legally. Lol can't believe your post. Nice try though. I heard it takes 8 weeks to receive the Cannacig. LOL why ?
Who here owns a Cannacig?LMFAO! No one imo.
Not one investor owns a Cannacig lmfao. Not one investor can upload a pic and or Video. What a shame imo.
Order one now lol. And show proof of purchase. Why wait lol. Why are investors no being truthful about owning Cannacigs and uploading pics and or vids?
Can you give us a review ? Own a Cannacig ? Care to photo swap or upload a video?
How is it hard to " GOOGLE RFMK FRAUD " or " GOOGLE Cannacig reviews " ?
I can't wait for next RFMK PR. Oh my , I'm soooo looking forward to this next PR. IMO RFMK will trade in the triples ( .0004 ) and then we just might see a big promo of some sort.
GOOGLE:" RFMK PUMP&DUMP"!!
IronRidge debt agreement:explained by BENZO
From the filing:
http://www.sec.gov/Archives/edgar/data/859917/000114420412052100/v324107_sc13g.htm
Quote: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.
---------------
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
-------------------------
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).
This was a warning post back in Feb
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72478876&txt2find=rfmk
GOOGLE: " Cannacig reviews " and see the awful laughable reviews.
GOOGLE: " Cannacig is a SCAM "
GOOGLE: " RFMK FRAUD "
GOOGLE; " Tom Allinder RFMK Fraud "
And get back to me.
GOOGLE: " Cheryl Shuman RFMK FRAUD "
And get back to me.
I'm now addicted to finding out the ' truth '. Rather it be fraud or normal biz practices , I will report it. But RFMK is looking like a fraud. The only person in the world that is on video smaoking a cannacig is Tommy Chong and Cheryl ? LOL
Where are the thousands of Potheads rockin' a Cannacig? LOL Cheryl gives them out at Galas and Balls lol. I did google Cheryl Shuman fraud and she is bad for business pal. never turn your back on her.
Heard about Cheryl Shuman and her ' sock puppet ' venture?
interesting read. She's a fraud! She is milking investors big time.
We all wanted $RFMK to be big ... but Tom and Cheryl had different agendas bud. They sold into the momo and didn't let RFMK breathe`. I hopped off the train when I saw the reversal. I see many die hards are in this till the end. Either way , too each his own.
What you speak of is high level stealth fraud manipulation at its worst. Tom is wasting more energy by scamming/selling then riding the momo and producing JVs with other hemp stocks and taking this to a penny. Cheryl is a whole other entire subject by itself.
RFMK is going to get manipulated all the way back to the trips and will be considered a bounce triple zero stock in a couple weeks. same old story but a different day.
Why Doesn't Tom factor invoices ? lol at my very rhetorical question. Factoring costs at most 5% interest on receivables and you get the monies within 48 hours. Why the Toxic financing at 75% interest lmfao? Ahem , cuz they have no customers nor product to sell to be able to factor , hence my rhetorical question remark.
Those hyping $RFMK are only looking after trheir own interests.
What Smoke shop can I call right now that has the Cannacig ?
THE RFMK Scam gig is up sport. Not even one positive review from any online Vapor sources.
http://forum.grasscity.com/vaporizers/1093682-hmm-looks-like-cannacig-scam-being-exposed-one-one.html