Replies to post #74388 on MMRGlobal, Inc. (fka MMRF)

[stockmasterflash]

FACT

$1.6 million of revenue in that "Great Quarter" came from MMRF choosing not to pay someone it owed $1.6 million to.

(click chart to enlarge)



http://www.sec.gov/Archives/edgar/data/1285701/000113626114000485/form10q.htm

Other Income

Other income for the three months ended September 30, 2014 and 2013 was $1,672,820 and $6,650, respectively. Other income for the nine months ended September 30, 2014 and 2013 was $1,672,820 and $16,884, respectively. The Company has a policy, based on the statute of limitations, as prescribed by law, to write-off accounts payable that are more than four years old with no current activity. The increase to other income is mainly due to the application of such policy and the Company's ability to leverage its cash position to settle outstanding payable balances with discounted amounts which are favorable to the Company. The.