From Transfer Agent: 1/29/2014 Total authorized: 5,000,000, 000 Total issued and outstanding: 3,089,513,042 Total restricted: 270,085,212
And then the RFMK CEO Allinder GAGGEDthe TA
Is this a lot, average, or small compared to companies RFMK's size?
IMO YES. To many red flags stick out.
1. Over the last 2 years RFMK had less than $40,000 in revenue
2. Toxic funding deals in place since 2012
3. No accountability of where this funding has gone from the 2,300,000,000+ shares of DILUTION since Feb 2012 outside in administrative expense????
4. RFMK increase the A/S to 5,000,000,000 from 2,000,000,000 in 2013 to continue this massive DILUTIVE business model.
Problem with this share count is PLAIN & SIMPLE Math; no in coming flow of $$$$; huge amount of out going flow of $$$$ all at the RFMK shareholders expense.
Now with the recent RFMK PPS action last week - investor blindness and greed takes over short term playing right into the type of DILUTED game plan by RFMK.
Ask the question, why did RFMK change the TA last month and then GAG it from updating RFMK share structure?
IMO, Risk - Reward is now off the chart with RFMK.
Do folks really believe that RFMK has a market value of $20,000,000 based on Friday's close????
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