They just filed a S-1, 35M shares, up to $8M in financing. Do a search on Ihub for the ticker MMRF.. then come back and tell me a promo is not underway. I was a promoter once.. I know what one looks like.
Let us just pretend for a moment there is no promotion. "Your right Threeflight, my bad.. there is no promotion". but...
This still does not remove the fact that an "equity line" of financing has been filed and 35M shares registered. The filing states up to $8M can be financed. The "Risk Factors" section clearly states the company is not generating sufficient revenue to continue as a going concern and that they anticipate this to be the case for the foreseeable future.
This is not the board to argue against facts merely to push a momentum type play. I realize this board, even with only a few hundred posts a day, is still on average one of the top 20 most read boards. There is a reason for that.
It is because we do not put up with the discussion of Company's that do not appear to have any real merits for investment. Maybe this stock is better suited for MOMO's board, or BB's. Just because this Company has mentioned relations to China does not make it the quality of stock normally discussed on this board.
I have been around long enough to see a "pump" for financiers to unload PIPE's. The fact that you wish to directly engage me, instead of discuss the dangers of the current equity line of financing should quite clearly show your intentions in regards to the participation of this board and its intended purpose to readers.
This board is not a promotion board, or a pump board. It was created for the purpose of discussing and sharing real DD on China small caps. You are one of the ones who brought MMRF to this board.. so don't be upset if it gets picked apart by the active participants. That is what we are here for.. to pick apart picks.. not promote them blindly.
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