Replies to post #75829 on MMRGlobal, Inc. (fka MMRF)

[stockmasterflash]

I thought Lorsch was financing MMRF

So why is the balance lower now than 3 years ago? Because the loan exist solely to justify Lorsch's liens on the patents??? Without the loan, there is no lien.

But MMRF is getting no new cash. It's borrowing from and defaulting on loans from death spiral lenders

June 30 2012

$1,400,445 balance under Revolving Line of Credit)

http://www.sec.gov/Archives/edgar/data/1285701/000113626112000458/exh10-3.htm

The RHL Group under the Ninth Amended Note (which had a balance of $1.31 million at March 31, 2015,

http://www.sec.gov/Archives/edgar/data/1285701/000113626115000133/form10q.htm

[stockmasterflash]

Why did MMRF TWICE ask for a delay in THEIR appeal??

isn't it usually the defendants that want to delay as long as possible?

And then MMRF's lawyers quit? After 2 delays???

It's been 6 months since Judge wright invalidated the patents and MMRF still hasn't filed their initial argument for appeal with the court

[stockmasterflash]

Lorsch announced the 10th ammended note with MMRF

and the balance has gone up $400,000 so that means Lorsch has loaned MMRF $400,000, right?

RHL group gets $25,000 per month and hasn't collected on it since there is no cash. That accrual didn't just disappear. This is Bob Lorsch after all. Bob gets paid

The interest rate on the note is 10%. on $1.3 million that's $130,000 per year

So it appears SOME money was injected. Not likely it was anywhere near $400,000

""The Amended Note has a balance of $1,764,641.92. In connection with the Amended Note, the Company has issued The RHL Group warrants to purchase 1,764,642 shares of the Company common stock at $0.003 per share, the market closing price on the day of execution of the Amended note. There were no loan origination fees charged by The RHL Group with respect to the Amended Note.""

http://www.sec.gov/Archives/edgar/data/1285701/000113626115000159/body8k.htm

June 30 2012

$1,400,445 balance under Revolving Line of Credit)

http://www.sec.gov/Archives/edgar/data/1285701/000113626112000458/exh10-3.htm

The RHL Group under the Ninth Amended Note (which had a balance of $1.31 million at March 31, 2015,

http://www.sec.gov/Archives/edgar/data/1285701/000113626115000133/form10q.htm

[croptop]

Wonder if MMRF shareholder calls to CEO are being answered, or, atleast, replied to quickly? What in the world could this CEO say positive? Lawyers quit, USPTO patent being challenged, Judge Wright orders, Gemini, 0, again 0 CASH...
How about the old MMRF attorney Ward? got an office space? Just hangin around? Going to hearings (all of them hearings, whew) must make a man tired...
Need to sale some of those boxes at courthouse stairs!!

[redburns]

That where the statement Looks can be deceiving comes from. Guess who patented it.

[stockmasterflash]

So what do you think of Bob's plan to pay off the lawyers?