No offense to anybody, but I'll take a stab at that one.
RFMK's CEO, Tom Allinder is allowed to go after up to $1M in funding, via dilution, for fund raising activity.. By All appearances, it looks as though Mr. Allinder wasted no time whatsoever in maximizing dilutive activity to raise those funds.
If you go back to last year when he took over... he said he would do everything in his power to avoid toxic funding... How'd that Go?
This is how most companies finance themselves down here in stinky pinky land, however... the biggest question that one should consider in the raising of these funds is....
What has the RFMK shareholder gotten in return???
Before Allinder took over as CEO RFMK $.009+.. about a year ago..
Many forward looking PR's have been put out over last year, promoting all the wonderful things that RFMK was going to do..
If one were to go back and look at each individual PR and also examined each individual actionable item that was put out by RFMK, one would clearly see that most if not all... never came together as planned... PR's are put out by RFMK.. then revised at a later date.. without accountability for continual misinformation.. other than Allinder admitting his snafue on the 10-K!
All in my opinion of course!
GLTU scrumpy6
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