Replies to post #72692 on Rapid Fire Marketing Inc. (fka RFMK)

[Wi-Fi-Gi]

There are 918,000,000 shares OS currently, the latest filing in 2010 & 2011 shows that there were reported shares delivered to Mike of 260,000,000. Sine there are NO updates from the company and there was a dilution and preferred shares still to be converted at a 30-1 along with allocated shares yet to be disclosed by RFMK, it safe to say that 75-80% of shares are in Mikes hands.

Preferred Stock

During the year ended December 31, 2010, the Company converted 1,757,000 shares of Series A preferred stock into 52,710,000 shares of common stock. These shares were issued based upon the exemption from registration found in Section 4(2) of the Securities Act. The conversion feature is 30 to 1 share of common to preferred. There are no voting rights for the preferred shareholders.
For the year ended December 31, 2011 the Company issued 1,000,000 shares of preferred stock for cash of $139,050.

During the year ended December 31, 2011 the Company converted 10,900,000 of preferred shares into common shares and issued 3,000,000 of preferred shares for services valued at $3,000.
Common Stock

During the year ended December 31, 2010 the Company issued 212,710,000 shares of stock, of which 160,000,000 shares were for services rendered valued at the market price of the stock on the date of issuance for $4,000,000. The company also converted preferred shares into common shares of 52,710,000.

During the year ended December 31, 2011 the Company issued 466,480,000 shares of stock. Of this amount 100,000,000 was issued to its officer for services valued at market which was .01, resulting in an expense of $1,000,000 as shown on the statement of operations under stock for services. 327,000,000 shares of stock were issued from the conversion of 10,900,000 shares of preferred stock, and the balance or 39,480,000 shares were issued for cash not yet received of $250,100.
Common Stock Yet to be Issued

During 2010 the Company received $250,100 in funding for shares eventually issued in 2011 of 39,480,000. In 2011 the Company received $10,000 for shares to be issued in 2012.
NOTE 9-RELATED PARTY TRANSACTIONS
The Company had the following related party transactions.
1.The Company issued 100,000,000 shares of common stock to its officer for services. 2. the Company paid its officer in consulting fees $40,230.