this exact same scam happened with WG&S, where ironridge is also a debt holder. the CEO for that company "failed" for two years to do anything right, repeatedly taking on deal partners and then doing nothing at all to advance their agreement(s). just as with FRMC, the result, over and over and over again, was a huge plunge down in price, multiple RS, etc, etc.
furthermore, when the "good" news happened (a favorable court judgement) this CEO sat on the news, and then released the official PR about it after he had announced a 1:25 RS.
sound familiar? FRMC has shot itself in the foot over and over again, while their debt holder killed the bid.
ironridge should be investigated imo. it's just a matter of finding their electronic trails from offshore.
all in my &$#*& opinion.