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Re: Hollycoop129 post# 535

Thursday, 07/07/2016 9:30:52 AM

Thursday, July 07, 2016 9:30:52 AM

Post# of 1084
Wow! You just couldn't make this stuff up! Talk about keepin it in the family so to speak.

Convenient that they no longer file financials...but the past still gives some interesting insight.

"As of June 30, 2015, the Company had earned 32,207 shares of restricted common stock of Atomic Paintball, Inc. (“Atomic”), a related party and 142,163 restricted common shares of Radiant Oil and Gas (“Radiant”) for services rendered (see note 2). The Company determines the appropriate balance sheet classification of its marketable securities at the time the shares are acquired and re-evaluates such determination at each balance sheet date. All of the Company’s marketable securities are classified as current, available for sale and carrying at fair value, with the change in unrealized gains and losses reported as a separate component of other comprehensive income (loss) on the Statements of Comprehensive Loss and accumulated as a separate component of stockholders' equity on the balance sheets. The Company expects to liquidate the marketable securities as soon as practical."

I assume this is the same referenced Rangeford Resources that an apparent shareholder is talking about?

http://www.ripoffreport.com/r/RAngeford-Resources-Inc/irving-Texas-75039/Rangeford-Resources-Inc-Pump-and-Dump-of-the-decade-courtesy-of-Harry-McMillan-and-Ass-1155016

In April 2015, the Company entered into contracts to provide stock transfer analytics services to Atomic Paintball, Inc. (“Atomic”) and Rangeford Resources, Inc (“Rangeford”) for a period of three months. Our chief executive officer also serves as chief executive officer of Atomic and one of our major shareholders and a major creditor is also a major shareholder and an affiliate of a major creditor in Atomic and Rangeford. In June 2015, we executed a contract to provide stock transfer analytics services to Radiant Oil and Gas (“Radiant”). One of our major shareholders and major creditor also provided a $750,000 line of credit to Radiant. The Atomic and Rangeford agreements provide for a monthly fee of $3,000. The Radiant agreement provides for a monthly fee of $595. Also in April 2015, the Company entered into a professional services agreement with Atomic and Radiant to provide consulting services. In exchange for the consulting services, the Company will receive restricted common stock of each respective company each month. The number of shares issued will be determined based on the 20 day moving average daily closing price of divided by $10,000, prorated for partial months. Due to common ownership, the Company considers Atomic and Rangeford to be related parties.

During the six month period ended June 30, 2015, the Company authorized the issuance of 20,000 shares per month to Public Issuer Stock Analytics pursuant to the terms of the intellectual property license and consulting agreement the Company maintains with them. The grants are valued at the closing price of the Company’s common stock as of the grant date. During the three and six month period ended June 30, 2015 the Company recorded an expense of $14,000 and $33,600, respectively for the share grants.

During the three month period ended June 30, 2015 the Company authorized the issuance of 258,388 shares to an investor relations firm pursuant to the terms of the consulting agreement the Company maintains with them. The grants are valued at the closing price of the Company’s common stock as of the grant date. During the three and six month period ended June 30, 2015 the Company recorded an expense of $57,695 and $57,695, respectively for these share grants.






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