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Thank you! And see case in point, DTC chill isn't worth a hill of beans to real companies like RFMK. We trade just like normal, maybe better even because we don't have to deal with naked shorting.
And in the end the majority of brokers are self clearing and don't go through the Depository Trust Company anyhow... And at the end of the day it is just that a company, not an end all be all to any stock.
DTC chill will not doom anything, it just restricts the stock to trade for trade, essentially you can think of the DTC as a big margin account, or a place holder if you will. All it has to do with is settling money/stocks, it has no bearing or control over the actual stock itself.
DTC chill is not that big of a deal, at most it limits shorting and manipulation as we are now trade for trade. The worst that can happen is certain brokers that normally deal through the DTC will charge more for transactions because of perceived inherent risk. This consists of Zecco and a few lesser used brokers...
The DTC is just a small part of the much much larger DTCC system, and the two should not be confused.
About DTCC
DTCC is a holding company for several regulated subsidiaries, including The Depository Trust Company (DTC), Fixed Income Clearing Corporation (FICC) and National Securities Clearing Corporation (NSCC). These subsidiaries provide centralized clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities and money market instruments traded in the U.S. capital markets.
Clearance and Settlement
Centralizing the process of clearing and settling transactions through NSCC or FICC is a critical component of today's highly efficient securities markets. Through these centralized processes, trades are cleared - matching the "buy" and "sell" sides of trades - and settled (the buyer receiving securities and the seller the related payment for the transaction). Similarly, the payments for transactions are processed through a centralized system.
After a transaction is executed, the details are reported to NSCC (for equities, corporate and municipal bonds and money market instruments) or FICC (for government and mortgage-backed securities). The applicable subsidiary becomes the "central counterparty" to the trade, guarantying completion of the transaction if either the buyer or seller is unable to fulfill its part of the contract.
NSCC settles trades through DTC's centralized book-entry system (FICC settles trades through the Federal Reserve's National Book Entry System). Selling parties deliver securities to buying parties through DTC against an obligation to pay funds for the transaction. A member's payment obligations (amounts it owes and amounts it is owed) are accumulated throughout the settlement day, and result in a final payment processed at the end of the day (from the member to DTC or from DTC to the member) equal to the total of these payment obligations.
Counterparties cannot withhold cash or securities from trades, or no settlement occurs. DTC itself is not involved in deciding how payments are processed or who receives what amounts; further, the total of settlement moneys received from members by DTC equals the total settlement payments DTC makes to other members, with none of these moneys retained at DTC. Payments may relate to transactions settled on behalf of a member firm's customers or transactions for the firm's own account; this transactional information is not reported to DTC.
About DTCC
DTCC's core mission is to manage and mitigate risk for issuers and investors and their financial intermediaries. To achieve this mission, DTCC has helped to automate, standardize and streamline processes that are critical to the safety and soundness of the capital markets.
In the normal course of business, DTCC handles member firms' payments of funds related to two key activities: the settlement of transactions entered into by members on behalf of both their customers and their own accounts, and the deposit of collateral ("margin") in relation to DTCC's subsidiaries' role as the central counterparty for the U.S. securities markets.
About DTCC
The Depository Trust & Clearing Corporation (DTCC), through its subsidiaries, provides clearing, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, money market instruments and over-the-counter derivatives. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with their distribution networks. DTCC's depository provides custody and asset servicing for 3.6 million securities issues from the United States and 121 other countries and territories, valued at almost $34 trillion. In 2010, DTCC settled more than $1.66 quadrillion in securities transactions"
It makes sense, people talk about pulling their investment out, but if no PR today you can bet your house on a PR monday... why would you want to sell right before that, or rather why wouldn't you want to be sitting in a RFMK position before that? It has been a week since our last PR and precedent dictates that RFMK usually updates investors in some way at least once a week. And we all know that the next one is gonna be a good one... IMO
Thank you to whoever just made that buy I was in the middle of transferring the last 15 dollars in my bank account, just so i could make sure I wasn't in the twilight zone lol...
I think distribution is occurring as we speak as it was stated it would be this month. Whether we get a PR about it or not is a different story...
IMO Tom might want to make a statement, that they are running a company not catering to a bunch of cry baby share holders on a message board.
Especially if they are going to get funding from an outside source, then we just become a bunch of glorified cheerleaders.
And personally I'm down to watch some people sweat, been through it before and willing to do it again, the real investors know that this has worth and aren't going to sell their shares simply because the company isn't updating us second by second...
Whether it happens today, Monday, next week, or all next month. RFMK will have it's time in the sun... Just have to have patience and if you have done your DD you most certainly have confidence because rest assured this is real and it is happening.
Quiet before the storm?
Personally I would rather see a Monday PR, give us a full week to run, plus then those who sell today will be caught with their pants down and looking foolish... I'm fairly sure Tom even said in an update he wanted to shake out all the bad seeds from this stock.
Or better yet PR today and Monday. HOORAH! RFMK!
Haha there just isn't anything happening, everyone is just patiently waiting to see what comes next, well maybe i'll go back to bed lol
Morning from windy wyoming! I would like to say regardless of a PR or not i'm not going anywhere, this is an investment, not the lottery. Cowboy up and have some stones and payday will come in due course!
Is the normal RFMK IBOX stuff not showing up for anyone else? T.I.A.
HAHA that might be a bad idea to share, some people might jack the truck just to make sure it's not on shelves by EOM lol...
YAY speak of the.... angel! Can't wait to hear more... I'm pretty sure you need to open a photobucket account...
RFMK is now number 71 on the top boards, we've moved up 10 spots just today... maybe top 25 by next week?
Let's keep up the good work people, I know i'm refreshing like every 2 minutes waiting to here from Rec.
Not like we need to hear it because we know he is going to say everything is LEGIT and looks awesome, but i still like being reminded how awesome our company is!
Hopefully some cool new pictures too!
YAY!
HAHA I just have the biggest smile on my face! Go RFMK!
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I WANT A POSTER!!!
People ask yourselves:
would they go through all the trouble of making posters,
creating a twitter,
facebook,
myspace,
google plus.
Creating a website complete with disclaimer, warranty info, and setting up a place to mail faulty products.
And sign a distribution agreement
If there is no product?
Come on, exercise a little common sense please...
Go RFMK
STRONG BUY
Ahh I know, but it's not like we have to do anything tomorrow even if there is news, just sit back and relax, got some prime real estate for the fireworks show... Did you see we are number 81 on the TOP BOARDS, with a score of 1036! GO RFMK top 100 baby!
GLTA hope everyone manages to get a little slice of the pie, but if not HAHA you had your chance sucker! GO RFMK!
Goodnight! I'm out! Peace!
O and I love how all the posts so far today have been positive and bright... I have a really good feeling let's keep it up! RFMK ALL THE WAY!
30 day return policy shows that this company really cares about setting a standard and making a good name for themselves in the market place, and did you check out their myspace page lol? Who even uses Myspace anymore? But props to them for having all bases covered... locked and loaded and ready to go. YA RFMK. THANK YOU TOM, MIKE, AND JUDAH!
HAHA I'm way to excited to sleep now... O RFMK you always get me so excited... Christmas morning every other day lol...
WEBSITE GOT AN UPGRADE
http://www.vinhaler.com/
Fancy new disclaimer, some new pics, and pages. Looking sharp! The time may be at hand boys and girls... gooooo RFMK
Ok i did, I hope they look into it... Go RFMK!
It appears there was a gap that needed to be filled, should move back up soon. Glad to be on board. Go RFMK
I concur, RFMK stock is way undervalued for the stages the company is, with product coming out this month this should already be testing a penny... The more I have dug the more of a no brainer this has become! GO RFMK GO CANNACIG GO VINHALORS! RFMK all the way!
I have followed this stock and this board for some time now, this company has had a lot of naysayers, and i have always tended to be on the cautious side as it is, so have been biding my time on getting wet, but it has become clear to me now that this really isn't a scam that this is a real business with ALOT of potential. I will be buying tomorrow. My only concern is that I dallied a little too long, I know many of you will crucify me for this, but I hope there is no news tomorrow so I can still get in relatively cheaply... GLTA Go RFMK!