Replies to post #49415 on DD Support Board and Research Team

[croptop]

If not mistaken, the RHL Group consists of just Lorsch and Kira Reed (wife)? IS that correct?
If that is correct, WHo is consulting who?
RHL gets consulting fees from MMRF, correct? This begs the question, Is Lorsch consulting Lorsch? On the RHL Group website, it only has those 2 mentioned for the RHL Group.
That is confusing, RHL Group getting 25K a month consulting fees from MMRF in which is CEO Lorsch. AGain, how does that compute, anyone understand that deal?

http://rhlgroup.com/rhl_group_about_us.html

[BullNBear52]

4) CEO's company RHL group finances the company with convertible notes. (company is in violation of debt covenants though)

He's injected close to $2M and he isn't showing any results regarding the lawsuits. Wonder how long he'll bleed his company?

And from your link,

Sunil Singhal
EVP of Technology
and Product Development

(*) 2012 $ 48,806
2011 $ 120,000 (17)

17. During 2012, Mr. Singhal was paid $120,000 as salary during the year. An additional $60,000 remained unpaid as of December 31, 2012. (*) Mr. Singhal was terminated effective March 30, 2012.

Looks like product development has ground to a halt.

[integral]

#3, even if the CEO does not get paid, but guarantees the debt, if it is over $120,000 it is a related party transaction that is required to be disclosed.