I have been dealing with Matthew Semyrck of RFG for the last 3 months. His practices are very unprofessional, and wrong. After giving me an LOI to fund my new company for $2mm. I paid a $10k due diligence fee in which my grandmother used her house as collateral to do. After Mr. Semyrck reviewed the document I provided for due diligence, they sent me a restructure letter. The Restructure letter had very impossible and unrealistic stipulations that they wanted me to fulfill in order to move on. I call Mr. Semyrck and nogotiated more favorable terms that I knew I had a better chance of fulfililng. I new terms were to have 3 recording artist contracts signed, clear rearaged child support, and have a partner willing to co-sign on the loan with a 680 credit score or better, and 10% liquid assets. After a lot of very hard work, I finally had all three completed. Now that I have all three completed, Mr. Semyrck is now acting really shady. Matthew refuses to give my partner a valid act of protection or non-disclosure of agreement or even the conditions of the said agreement. Because of this, it was making my partner uneasy about the credibility of RFG. Lastly, I changed my company's name in April before we started to due diligence. Being that the original agreement was under my original company's name, Matthew refuses to give me the terms, and restructure letter in my company's new name. He is now asking for proof of ownership and organizational documents which was never asked before in the first place. Mr. Semyrck knows that I have a deadline to meet to have at least a commitment letter, and he's prolonging the process in order for me to miss the deadline. Please help me out. These guys have a long history of bad practices. And falsely pursuing companies w/o funding after due dilligence was paid.
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