Replies to post #113326 on Rapid Fire Marketing Inc. (fka RFMK)

[pitadog]

I wasn't talking about a year ago per se. They have been diluting the A/S for more than a year. The most recent dilution is to Ironridge, which is free-trading shares with a monthly tranche for continued funding. IR can't own more than 9.9% of the O/S, per the filing, so the first dilution was for 143.5M shares, which was under the limit. Each month, according to Tom, RFMK will receive $50K, which means that IRG has to continue to sell shares into the market in order to pay the monthly money for additional shares.

Am I right or am I wrong? :-D