Redfin Network, Inc.(fka RFNN)

[ada]

Unfortunately, from now until Sept this has nowhere to go but down. The company owes more money than it can pay, Asher has no interest in holding shares, so they will convert at 60% of the market and sell. There is not enough of a market to support the new shares. This is the death spiral. This could go sub-penny before all is said and done.

Our only hope is that after Asher is done converting, the price stabilizes, the comapny is turning a profit, the cash outlook gets better and providing the company doesn't need to borrow more money, the pps will bounce back. Until then, it is going to be bleak, IMO.