Rapid Fire Marketing Inc. (fka RFMK)

[kenco]

Siforus, The RFMK 2012 Annual Report is a Complete Joke,

I did a quick analysis the other day and Ill post it for those who missed it.


RFMK 2011 FINANCIALS BREAKDOWN

I dont know who came up with the recent "financials" RFMK filled with OTCBB, but they were either produced by somebody who doesnt have a clue about accounting, or by an accountant who needs their license pulled for complete incompetence, if they filed something like this with the SEC, it wouldnt be pretty at all, no wonder they havent been able to have their attorney to sign off on the OTCBB Markets filings, Im not going to go into much detail as Im fairly busy right now, Ill just point out a couple of glaring "mistakes" in counting on the all important income statement, the idiot has the wrong common shares outstanding listed for both 2010 and 11, that in turn renders the whole EPS wrong and brings into question whether or not you can even believe any of the Financial Statements, and again, this fact probably explains why RFMK cant seem to find an attorney to sign off on them, LOL, and Mikes no dummy, he isnt signing them either.

So lets see what else jumps off of the pages of the RFMK Annual Report for 2011:

*Note 6 (FISED)sp. ASSETS--- a $64,315 company supplied car?, I mean we are talking a 1 man show.

*The loss of $1,191,361 for 2011--- 1,040,230 of that loss was what Mike gifted himself in the way of compensation, this is of course much better than the 4,000,000 that insiders compensated themselves with in 2010, this type of lavish opportunistic compensation, when the startup has barely any revenue, brings into question what the guy operating this will do once there is money in the till.

*The people really making out here are the preferred A shareholders who acquired their shares for services or through Private Placement @ par, RFMK has been converting each preferred share into 30 common, this gives them cost of about $.0000333 per share, they are walking away with big bucks from RFMK equity at almost no cost to them, of course, when they do cash in their chips, most likely when the legend comes off of their shares, the other RFMK shareholders will surely feel the dilution pretty fast.