Redfin Network, Inc.(fka RFNN)

[caycehopeful]

I read a lot of filings and this
is the first derivative explanation
I truly understand. Thanks!

If Asher converted all of their $170,500 Notes on 3/31, that liability would disappear and then show up as $388,397 of income. Strange rules but thats the way they are. The liability that the Company must carry is larger than the outstanding balance of the note itself. The derivative and liquidating liabilities carried on the books cause large swings in profit and loss. That's whay they are put down at the bottom of the P&L along with interest so you can get a truer picture of the "operating" gain or loss from operations without being skewed.

Cash flow positive and the Asher notes paid off means almost $400K hitting the bottom line as gain. I'm sure management is pedaling as fast as they can to get there.