Replies to post #90224 on Rapid Fire Marketing Inc. (fka RFMK)

[lazyazzdaddy]

F/S does not reflect any note holders. While $195K was raised in the 1st Q of '12, nearly all the massive dilution has come from the issuance and subsequent conversion of preferred shares at a 1 for 30 ratio. Many millions of preferreds have been issued and converted. How many that have converted and sold into the market is not known, but 1/2 of the preferreds have been sold to-date.

Apparently, these preferreds held for the time period of 1 year are then converted into free trading commons. I believe that is why we see the common being raised, but the restricted hasn't for a long, long time.

Great question. gltu

Please do some DD on this... the last time the restricted share count raised was JULY 17 2012.... I wouldn't exactly call that a LONG, LONG TIME...