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4 years? LOOK AT UR PREVIOUS POST 21269...
You are telling lies obviously...
Exactly, if there had not been any R/S the PPS would now be 0,00003!!! a joke
Tom Allinder, the Company's CEO said, "In the near future larger production runs are anticipated. The unveiling of a product that has been in development is also forthcoming."
Excellent news GO RFMK
Agreed fully loaded here...and very confident it will run in due time. Tom clearly said hé would not release anything before it is a done deal and I would not be surprised if a solid news came in the next few days
Oh yes, it's certainly more useful to trade 911 shares then...How desperate one must be o-)
KngmAz, what's ur take on RFMK right now?
Tks
and the one dollar prediction by kngmz? Not heading for a buck for now but I added 1 mil to my position GLTA
Will a Crackdown on Medical Marijuana Hit Cannabis Stocks Like RFMK, MWIP & HEMP
http://www.smallcapnetwork.com/Will-a-Crackdown-on-Medical-Marijuana-Hit-Cannabis-Stocks-Like-SPER-RFMK-MWIP-HEMP/s/via/3414/article/view/p/mid/2/id/15/
Will a Crackdown on Medical Marijuana Hit Cannabis Stocks Like SPER, RFMK, MWIP & HEMP
SearchCore (SRER), Rapid Fire Marketing (RFMK), MediSwipe (MWIP) and Marijuana, Inc. (HEMP) provide services to the medical marijuana and cannabis industries.
By John Udovich
Jul 12, 2012 5:17:41 AM PDT | No Comment(s) - Post a Comment Rating StockHQ:MWIP$0.00 $0.00 0.00% CBIS$0.05 $0.00 0.00% MJNA$0.03 $0.00 0.00% RFMK$0.00 $0.00 0.00% HEMP$0.01 $0.00 0.00% SRER$0.51 $0.00 0.00%
John Udovich
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The government is cracking down on California's massive medical marijuana and cannabis industries by targeting Harborside Health Center, which calls itself the largest medical marijuana dispensary in the World, meaning it might be a good time to look at medical marijuana or cannabis stocks like SearchCore (PINK: SRER), Rapid Fire Marketing (PINK: RFMK), MediSwipe (OTC: MWIP) and Marijuana, Inc. (PINK: HEMP) that provide the industry with various services (See my previous article: Does a Crackdown on Medical Marijuana Limit the Growth of Cannabis Stocks CBIS, MDBX & MJNA?). Specifically, Federal prosecutors have filed civil forfeiture actions against Harborside Health Center in Oakland. According to the US attorney for the Northern District of California, the larger the marijuana dispensary operation, the greater the likelihood that the state's medical marijuana laws are being abused (Harborside Health Center says it serves more than 100,000 “patients”). That means there is probably a growth limit for individual medical marijuana dispensaries but what about medical marijuana and cannabis stocks like SearchCore (SRER), Rapid Fire Marketing (RFMK), MediSwipe (MWIP) and Marijuana, Inc. (HEMP) which provide services to such dispensaries?
Starting with SearchCore (PINK: SRER) which was formerly known as General Cannabis, Inc., it combines web properties, digital marketing, custom software and tech based business services for qualified niche markets – namely the medical marijuana and cannabis industries. SearchCore’s major asset would be the website WeedMaps.com, which is apparently well known by marijuana users and its recently launched GrowShops.com for the indoor marijuana growing community. Back in May, SearchCore reported that 1Q2012 revenue rose 78% to $3.6 million while EBITDA came in at $0.9 million verses ($0.1) million and net income (including a pre-tax, non-cash gain) rose from a net loss of $0.1 million to net income of $3.4 million. SearchCore did end the quarter with cash and cash equivalents of $1.4 million, total debt of $7.9 million and non-cash earn-out liability of $15.7 million – meaning its in better shape than many other OTC stocks and certainly any other stock in the medical marijuana or cannabis industry. On Wednesday, SearchCore closed at $0.51 on low trading volume (SRER has a 52 week trading range of $0.38 to $3.40 a share) for a market cap of $42.5 million.
Meanwhile, Rapid Fire Marketing (PINK: RFMK) owns two subsidiaries inBionicCigs.com, a retailer of electronic cigarettes; and Medical Cannabis Management (MCM), a company providing marketing, consulting and management services to the medical cannabis industry in California. Back in April, Rapid Fire Marketing provided an update about its plans to go from a non-reporting OTC company to a fully reporting one along with its plans for growth. Rapid Fire Marketing could use some growth as its reported revenues of $0.05M (2011), $0.06M (2010), $0.05M (2009) and $0.03M (2008) for the past four years; net losses of $1.19M (2011), $4.00M (2010), $0.25M (2009) and $2.91M (2008); and had $0.07M in cash to cover $0.08M in total liabilities. So at least Rapid Fire Marketing is not loaded up on debt but its also probably diluting shareholders to stay afloat. On Wednesday, Rapid Fire Marketing rose 9.09% to $0.0012 (RFMK has a 52 week trading range of up to $0.03 a share) for a market cap of $896,302 but the stock is down 64.7% since the start of the year, down 81.2% over the past year and down 99% since early 2009.
Moving on to MediSwipe (OTC: MWIP), which was formerly known as Cannabis Medical Solutions Inc., it offers a complete line of merchant services for a medical dispensary – presumably a medical marijuana dispensary. However, a quick glance at MediSwipe’s current website does not show mentions of cannabis or medical marijuana but a deeper look does reveal a mention that the chief element of the company’s credit card processing solution is tailored medical marijuana dispensaries. Hence and perhaps MediSwipe is trying to move away from being too closely associated with the medical marijuana industry. On Wednesday, MediSwipe rose 7.69% to $0.0014 for a market cap of $543,252 – less than the value of a Bay Area building housing a medical marijuana dispensary. MediSwipe is also down 63.2% since the start of the year and down 87.8% over the past year.
Finally, Marijuana, Inc. (PINK: HEMP), which has just changed its name to Hemp, Inc., is not involved in the cultivation or marketing of medical marijuana but instead its focused on the peripheral businesses created by the medical marijuana and hemp industries with its major asset being Hemp.com. However, it should be noted that Hemp, Inc. has an unsolicited quote warning on OTCMarkets.com because no firm is making a market in the stock. Nevertheless and on Wednesday, Hemp, Inc. closed at $0.0147 for a market cap of $10.77 million and the stock still has a trading volume of around 100,000 shares per day. Hemp, Inc. is also up 17.6% since the start of the year, up 47% over the past year and up 194% since the start of 2011.
The Bottom Line. Risk adverse investors who are not smoking something would probably want to avoid medical marijuana or cannabis stocks like SearchCore (SRER), Rapid Fire Marketing (RFMK), MediSwipe (MWIP) and Marijuana, Inc. (HEMP) but traders could find a way to get a high off of them.
Very exciting summary Rec! Thanks a lot
No indeed, this will rise soon enough...
Hi Deer and everyone, I am back again for the long run!
news came out in sec file yesterday morning premarket ++ share rose 48 %
or above .50
Yup ...interesting day ahead ..looking for the teens today or Monday jmho
and you think you teach us something new?
Come on, we all know how risky it is
+++HIGH RISK ++++HIGh REWARD or...oh well
R/S has no influence whatsoever on the very undervalued PPS here:
fully diluted , pps value is $0.15-0.3
After R/S, pps might decrease but it's here very undervalued, taht is why
Good call trader
Watch the PPS in the coming weeks I bet we see a R/S closer to 1/50 than 1/300...JMHO
NEWS: YRCW POISED TO TRIPLE
http://seekingalpha.com/article/297926-yrc-worldwide-poised-to-triple
YRC Worldwide (YRCW), a company that avoided bankruptcy by striking a deal with debt holders in April by basically throwing existing shareholders under the bus, is once again trading as if bankruptcy was imminent. This despite the fact that the company cancelled about $1.03 billion of debt (out of $1.29 billion) with the issuance of 1.86 billion shares, significantly diluting existing share count of 48 million shares. Thereby, pre-restructuring shareholders now control only 2.5% of the new company. We arrived at a fair market value range for YRCW by comparing the company with its peers in the trucking industry. Since P/E is irrelevant for a company incurring losses, we turned to the often used alternative Enterprise Value / EBITDA ratio for comparison. Furthermore, this method has the advantage that it is capital structure-neutral.
For comparison, we calculated that Enterprise Value and EBITDA of all twenty-five companies in the trucking industry (see Table), including global transportation and logistics companies United Parcel Service (UPS) and Fedex Corp. (FDX), that also have significant trucking operations. The following are YRCW’s trucking industry peers that were included in the analysis:
Swift Transportation (SWFT), a provider of truckload transportation services for various commodities;
J.B. Hunt Services (JBHT), a provider of full truckload containerizable freight;
Heartland Express Inc. (HTLD), an operator of short-to-medium haul truckload carrier services to major shippers;
Knight Transportation (KNX), a provider of dry van truckload and temperature-controlled truckload carrier services;
Arkansas Best Corp. (ABFS), a provider of less-than-truckload motor carrier operations;
Con-way Inc. (CNW), a provider of transportation and supply chain management services;
Landstar System (LSTR), a provider of truckload transportation and logistics services;
Old Dominion Freight Lines (ODFL), a provider of less-than-truckload and motor carrier services;
Werner Enterprises (WERN), a provider of truckload shipments of general commodities;
Forward Air Corp. (FWRD), a provider of scheduled ground transportation of cargo;
Marten Transport Ltd. (MRTN), a provider of truckload transportation specializing in temperature-sensitive food and consumer packaged goods.
Quality Distribution Inc. (QLTY), an operator of a bulk tank truck network that ships chemicals, fuel and food-grade products;
Patriot Transportation (PATR), a provider of transportation of primarily petroleum, bulk liquids and dry bulk commodities by tank trailers;
Universal Truckload Services (UACL), a provider of truckload transportation and intermodal support services to shippers;
Celadon Group Inc. (CGI), a provider of long-haul truckload transportation services between the U.S. and Canada and Mexico;
SAIA Inc. (SAIA), a provider of trucking transportation and supply chain solutions to the retail, chemical and manufacturing industries;
PAM Transportation Services (PTSI), a provider of truckload dry van carrier services transporting general commodities in the U.S. and Canada;
USA Truck Inc. (USAK), a truckload carrier of general commodity freight in interstate and foreign commerce;
Vitran Corp. (VTNC), a provider of surface transportation and related logistics services throughout Canada and in 29 U.S. states;
Covenant Transport Group (CVTI), a provider of truckload carrier services to manufacturers, retailers and transport companies;
Frozen Food Express Industries (FFEX), an operator of a full-service temperature-controlled trucking company; and
Trailer Bridge Inc. (TRBR), a provider of marine freight services and truckload freight transportation between the U.S., Puerto Rico and the Dominican Republic.
Table
The market-cap calculated in the case of YRCW includes existing share count of 48 million shares, additional 1.86 billion shares that were exchanged with the cancellation of $1 billion of debt, and also potential dilution from preferred convertibles adding up to another 4.1 billion shares by July, 2013. This brings the total share count to a maximum of 6 billion shares, which at the current share price calculates to $259 million in total market value (market-cap plus the market value of any preferred shares).
The average Enterprise Value (EV) to EBITDA ratio for the trucking industry was calculated as 9.9; taking out, the two outliers FFEX and ABFS with ratios over 32 gets us to an average of 7.9 for the rest of the group (not including YRCW, FFEX and ABFS). In the case of YRCW, the company in their prior earnings report already projected FY 2011 EBITDA of $210 million. Apply that to a conservative 7.9 EV/ EBITDA multiple gives us a target price of almost 15 cents, three times above current prices. Of course, this is based on a very conservative calculation of (1) including all of the preferred convertibles in the share calculation, including those that can be converted only after July 22nd, 2013; (2) assuming an EBITDA of only $210 million which the company has projected to 2011. Historically, YRCW has generated EBITDA of between $500 and $800 million in the period from 2004-06. Assuming that they generate even two-thirds of the middle of this range will lead us to a target EBITDA sometime in the near future of almost $450 million. At that price, our target for YRCW would be 30 cents.
We know that YRCW has a lot of operational problems to contend with right now including losing market share to their primary competitors. However, the company does have a strong brand and operates internationally, including in the U.S., Puerto Rico, Canada, Guam and Mexico. We believe that once the company puts behind this restructuring and focuses on improving its operations, now that the immediate threat of bankruptcy is removed, that it could be positioned for long-term success. Either way, at its current trading price of 4c-5c, the company is a bargain as it trades at a heavy discount of over 60% based on even its self-declared EBITDA projections for the current year 2011.
We announced our bearish view on YRCW in our review on July 25th, when it traded above $1 per share. Its shares have since fallen over 95%, currently trading under 5 cents. We announced our turning bullish in an article last week, indicating that with the threat of bankruptcy out of the way, at least for now, and the impact of the impending re-structuring finally factored into the stock price, its shares were rapidly approaching value territory. In this article, we have further elaborated on our bullish view of YRCW by comparing it to peers in the trucking group. We continue to believe that now is a good time to start building a small speculative position in the stock. But as advised in our prior article, we would start small and build in stages. YRCW shares are currently in free-fall, and they are likely to weaken when the company announces the inevitable 1-for-100 (or something like that) reverse split sometime before the end of the year, so we would save some fire-power to take advantage of when that weakness happens.
Credit: Historical fundamentals including operating metrics and stock ownership information were derived using SEC filings data, I-Metrix® by Edgar Online®, Zacks Investment Research, Thomson Reuters and Briefing.com. The information and data is believed to be accurate, but no guarantees or representations are made.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Material presented here is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock you should do your own research and reach your own conclusion. Further, these are our ‘opinions’ and we may be wrong. We may have positions in securities mentioned in this article. You should take this into consideration before acting on any advice given in this article. If this makes you uncomfortable, then do not listen to our thoughts and opinions. The contents of this article do not take into consideration your individual investment objectives so consult with your own financial adviser before making an investment decision. Investing includes certain risks including loss of principal.
This article is tagged with: Services, Trucking, United States
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Ok, I am loaded anyway. Hopefully it will rebound before R/S!
GLTY
Trader, what is your target on this one? tx
Ok thanks, I was thinking 0,043 was the lowest we could go before a nice rebound
Trader do you plan to buy in soon?
Come on this is explosive growth news!! I am a buyer again!!!!!!
and I will add up to my position now as I feel the time has come for a reversés ... Has been a long time hasn't it matty ?
Stereotaxis Inc. (STXS) CEO Michael P Kaminski buys 10,400 Shares
http://www.gurufocus.com/news/144583/stereotaxis-inc-stxs-ceo-michael-p-kaminski-buys-10400-shares
True Matty, GO RFMK!
Kenco,
although your suspicion sounds legitimate, we cannot deny RFMK lives up to many shareholders' expectations investing in pinkies. Very seldom do we see companies in this market keeping their word and achieving quick observable (e.g. e-cigs reviews) results.
I don't ask Mike to have an engineer degree as he will distribute and not design or invent growing systems. Add to that the tremendous potential of e-cigs in the very near future... I also agree that the RFMK "board" lacks professionalism in delivering quality PR's or precise information as to the contracts signed or the shares issued. It's pinkies....Never mind, I choose to trust them because the ROI might be unbelievable.
GLTA
This alone deserves a 50-100% rise, but lets see how it reacts today, were too much used to a sharp decline after news
GLTA
Rapid Fire Marketing: Medical Cannabis Management Signs Contract to Provide Services to Non-Profits
print
Rapid Fire Marketing (PL) (USOTC:RFMK)
Intraday Stock Chart
Today : Thursday 25 August 2011
Rapid Fire Marketing (OTC Pink: RFMK) announced today that Medical Cannabis Management (MCM) has signed a contract to provide consulting services to a non-profit organization seeking to grow, cultivate and provide medical cannabis for their collective in California. So far, one organization has executed a contract with MCM; others are expected to sign on within the coming weeks. The initial contract is expected to provide a lucrative stream of income for MCM over the next 6 to 12 months.
Currently, California allows non-profit organizations belonging to a collective to cultivate medical cannabis within the guidelines of the law. MCM will provide consulting services to these non-profit organizations seeking guidance on cultivation, security and the dispensing to patients. Additionally, MCM is in the process of providing growth systems sold through the Company's online store to support their client's cultivation process.
"Getting through all of the legal hurdles and obstacles was a big challenge but we are glad we went the route we did with regard to the growth and cultivation of cannabis for medical purposes," said Mike Amezquita, CEO of Rapid-Fire-Marketing. "Cannabis is an effective form of medication for many patients and the demand is there so we are excited about the possibilities of a substantial stream of revenue, especially as we sign on more non-profit organizations. We can proceed with a clear conscience knowing that we have all our bases covered legally," Amezquita said.
Contact@MedicalCannabisManagement.com
HUGE NEWS: Rapid Fire Marketing: Medical Cannabis Management Signs Contract to Provide Services to Non-Profits
LOI with a dispensary?
Waitinf for news to bring volume...And why not a
Most certainly , but the agressive seller seems to be done soon
a 200 K buy brings us to 100% gain lol
Excellent RFMK information:
http://rapid-fire-marketing.com/documents/InvestorInformation.pdf
I think "KnmgAz" has mostly been consequent with the information he has provided so far and I agree with him that RFMK will rise way up. I doubt it will reach 1 dollar though but I like to read him , which is not the case for many other posters here
Good to see a 100 % buying day today!!!
Looks like selling dries up? CAN WE FINALLY RUN?