Replies to post #14342 on Redfin Network, Inc.(fka RFNN)

[carboncopy]

Cayce:

Excellent post. Bravo. The information you state about Asher can all be found in the 10-Q filings. # of shares, Notes, amounts, price etc. All of it. You put it together. :) However, I quote directly from the reported 3Q 10-Q:

NOTE 5 - EQUITY TRANSACTIONS Common Stock

During the third quarter of 2011, the Company issued to Asher Enterprises, Inc. 1,764,675 shares of the Company’s common stock upon the conversion of $50,000 principal amount and $2,000 accrued interest on a $50,000 convertible note that the Company had with Asher Enterprises, Inc. dated February 23, 2011 at prices between $.0291 and $.0298 per share.


All gets back to my previous post about having to borrow at rather high cost if using equity when stock price is low.

Homeland:

Reviewed stockholders meeting stuff when you guys brought it up a while ago. Not required for OTCBB companies. RFNN is a Nevada company. Check the NV rules. Corporate rules are generally dictated by the states (because that is where they are formed) not the SEC however if you are listed on the larger exchanges then certain rules are mandated by the SEC (i.e. annual meeting).

I'll bet if questions are raised about reported information, the Company will do their best to answer them. Try. They appear to be more transparent than most.

Enjoy your holidays all. It's been a long year. Looking forward to next year.

CC