MMRGlobal, Inc. (fka MMRF)

[The Rainmaker]

I'm no fan of Cornell or Dutchess but I've read through that 8k 10 times and I can't find the toxic part. It's not a convertible debenture death spiral it's an Equity line that only pays a 6% commission to Dutchess. Don't see how Dutchess makes more money driving the stock price lower here....They recalculate based on 5 day bid price right before they fund the next draw. Now if there was a make good provision in the deal that said if price fell after Dutchess bought shares, Dutchess got more stock that would be different.....can't find any make good provision in that 8k. Seems once Dutchess gets shares and funds a draw on the equity line they don't get more shares for that draw if the price falls. Maybe I missed it in the 8k.