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I am the first to squawk about this dilution, and have asked where it's going on many occasions. If you ate actually taking about 11 employees, either full or part time, and having quality people on board, salaries or compensation, overhead, benefits, overhead, etc, then yes, it does require a large cash infusion. All of that and product cost, and it's reasonable. Of course, IF it is all TRUE !!!
That update is good enough for a large holder like myself, who worries daily that all is lost, to add to my position, and my gut is almost always right. Money is made when you run into the building when someone is yelling fire and everyone is running out, you just need to choose the right building that's not burning. I think casa RFMK is just that place. If true, that update shouts a PPS of at least .03+ by next year, but to just get to a penny would be awesome.
The "unless of course" indicates a thoughtful possibility, unless you, with your extensive DD, can explain how this much dilution is needed to fund a limited production run and to make them current and uplist. Where oh where is all of this money going? You believe what is being said? Maybe, since you believe in these things, when we're sitting at no bid on Christmas you can ask Santa when he gets to your house and include that in your DD report. And as I've said before, unfortunately I'm long RFMK, and a sucker to boot. Go RFMK!!
Not what Tom has been diluting, unless of course we're funding the college educations and vacations of the big 3
So you are saying that they will sell 150,000 units every 3 months and will rake in $30m a year? I have a feeling that you've gotten an advance prototype of the pocket puffer and are testing it to its limits this morning. But, I'm long so I do dream if such things, but I'd be very happy with leverages idea of $300k a year and stop the dilution as a good base to build upon.
What are these crazy numbers?
Congrats? Longs are down 50-80% past few months. Only those few who bought at 0007 and sell today will profit, others will see more dilution to pay for next production run and supposed accounting costs, which i am now thinking may to be close to a million dollars with all the dilution that's occurred already.
That's what they said on the Titanic.
You're kidding, right?
No Bid will be the bottom, and its not far away
Thanks for the advice, and I will enjoy the 4th. Heading out for a Lobster bake/ Fireworks cruise off Montauk, I will be on the look out for the "Floating Head" and his crew spending that quick $40k they just diluted. I hope everyone has a safe and fun 4th, Go RFMK, or what's left of it.
Yes they can help your company get financed, but they can't get financing themselves, they are also experts at getting your company of the chill list, but they can't get themselves off. What they ARE experts at is how to slowly dilute to a no bid.
Crossed over that magical BILLION mark. The ship just keeps getting heavier and heavier.
Nice you jump in the pool and let everyone know that the water is fine. Maybe that will get everyone to jump on in.
I'd love to know why everyone is so excited. Because a pinkie that lost 83% over the past few months took a dead cat bounce today? I don't know if anyone is paying any attention but when was the last time the company DIDN'T dilute into any bounce? You think Monday will be different? He even said as much in the last update. Besides the inevitable goof balls that every time claim to have bought at the low and made a fast buck, who is green with this stock? Why was .13 or .16 such a great time to buy? Crystal ball? Magic 8 ball give you some insight? There have been so many other times that good news should have moved this stock, but it went down because of dilution, and now out of the blue it's the perfect time? This stock will only move on news of full reporting and a stock buy back, thats it, period. Canna cig and power puffer is just a further excuse to dilute to pay for more product.
Don't fret DC, Although i do believe that there will be a BS PR tomorrow telling of the success of the cup, followed by a "surge" to .20, then it's 000's. In two months it will be a no bid and you will have at least have gotten something instead of a tax write off like me, and still all the time you'll have all the same blow hards pumping this thing without substance. All you hear is "go RFMK", like we're at a football game, or "thanks for the cheapies", yea, I've been hearing that since it dropped from 93 to 80's. Everything positive has been said and done, and here we are at 000's. The last time we were at 0007 we has this amazing new product and no where near a BILLION shares out there, and it didn't get to a penny. Every once in a while I break one of the Cardinal rules of pennies and believe that this one is different, it's real, hahaha, but they never are, and the penalty is paying dearly. I didn't think this Shulman would attach her name to a complete scam, but it seems that she is just another shill, a highly compensated pumper. Money does that to people.
Cheryl is at the bank with the "Floating Head" making the daily deposit. She will be around later to pump you to give her more money tomorrow.
I'll accept your offer as I am an awful wallpaper hanger. The bright side is that my wife will feed you very well, she's smokin hot and I won't be around anymore because that vessel in my head will have finally burst. You have no idea how frustrated I am with the "Floating Head".
Let's see what the TA says tomorrow after they are done lining their pockets today. Although, I'm already deep into this, and it can't get much lower, I am stuck with this until it gets cheaper than wallpaper, when it does, it will be hanging in the guest room bathroom where it will do some good.
The only people that would put money in their pockets. DILUTION. So, we waited for a laundry list of things, with the same result, lower PPS, now the cup is over, and PPS is down even more. Now what? Wait till the show starts? More Dilution and then ANOTHER RFMK R/S. The ship is loaded with a BILLION shared. To much for the engines to move.
It should be well beyond .006 already. You can punch in all the numbers, projections, P/E's etc that you want, but then put a big ? For dilution, which is the biggest killer. I'd sign on right now for .006 if they would let it run that far, but they won't.
Do you even know the difference in RFMK O/S from 2011 to today? Do you know how hard it is to move a stock from .0025 to .01 with 1B O/S? Do you how much harder it is when management dilutes into every run snuffing out any momo it gets?? When I first got involved with RFMK you would hear so much about how the great S/S was a positive, you dont hear that anymore do you. People talk of CB!$ and its run, have you ever looked at their S/S? When you get to the billion mark, it's getting pretty ugly, a huge mountain to move, but our fearless leader, " The Floating Head" ,keeps diluting us making even a run to .004 an impossibility. I am sorry to say that I feel I will be writting a nice loss against my winners at EOY and the shame of it is, I should be very green with this one.
Sorry to tell you catch, but they drew these lotto numbers already. There are plenty of others with at least slim to none hope of being a lotto play. This one is as dead as can be, it's been bled to death, the corpse is solid. The only next step for this one is a huge r/s or a zombie shell for someone to r/m with.
I hear that there is a prize if you can name those 5 bridges that connect manhattan to Brooklyn. Can you do it?
And much of it in huge chunks.
Good God, almost 5m shares on the bid in a few minutes, what's up with that?
It's good to see the ask holding, even at the expense of volume. Should bode well for establishing a stronghold here and build upwards.
I was also looking for a mention of their involvement, I am praying that this isn't the "Brickyard 400" all over again.
We are flat, if you take dilution into account. We were at a solid base of 40, then all of this with about 20% dilution, which adjusts to a base of 32, which is where we are at. The only problem with this is that my cost average didn't adjust, so although the adjusted PPS is around the same, I'm down 20%. You would think that with all thats happened I should be looking at a small green number when I brink RFMK up on my trading screen.
I'm not near my L2, but is what I'm seeing correct? Down 25%. There goes the Momo
Therein lies the problem, the float. Some talk of a run like CB!S, well, have you seen the difference in SS? A run to .03 would be amazing, yet there are those that talk of a dime, quarter, even a dollar. Does anyone really believe that RFMK is a dollar a share company? A BILLION dollar company? I for one think this thing has great potential, especially with the star power on board, and I do believe that it can hit a penny, and in a perfect world .03 would be absolute magic. This star power is the absolute worst thing that could happen for RFMK may Sayers, she's visible, active, and worst of all for them, she's reachable....everyday. Any other scenario and you'd have people questioning her association with the company, but what she's done is reassure longs almost every day about future plans. Kudos to someone as busy as her to take the time to share with us. OS reduction and moving to the QX, and then we can actually take a dime a share talk seriously. Right now, .01-.03 is the mark, if all goes well.
Lol, I plead guilty, but I must put partial blame on my friend Mr. Walker who was present with me and some friends in the hot tub last night. Yes, I did hit an extra trip zero button by mistake. That being said, and after your amazing detective work, yes, it is $250k, and that now makes some sort of a difference? It is cost prohibitive for the common investor. If you do some further research you'll find that there are severe restrictions on shorting pennies in the states. Sub pennies are really never shorted by investors. I understand that most, if not all, have to redirect transactions, off shore to be completed. I do not short pennies, so all of the rules are not on the tip of my tongue, but, it is really something that only MM's can do easily. It's all part of their manipulation and as Matty is always saying, I also can't wait for them to burn on the BBQ. RFMK long and strong, now, back to the pool and here's hope that we will crack 40 on Tuesday. GLTA
I really look forward to the BBQ, I for one am sick of their games.
Yes, to short you must create a margin of $2.50 a share, so before shorting a 100,000 share block which costs $360, you must first put $2,500,000.00 into your account. Only MM can short, unless you really think that someone is actually tying up a few million to make a quick hundred. So, the next time you hear all about shorters, be rest assured that its MM's, and MM's only that are betting the other way.
Hell, I'd take .0075 right now, which is about equal to the .0093 high pre dilution.
I'd sign on for $0.02 in a heartbeat.
Agreed, we should be at a level where product sales sustain the daily money requirements to not only survive, but to grow. Further dilution would open doors to legit suspicions of other problems. IMO
Interesting, no ask stack on news. I can only pray that dilution is done with. this think can be nudged into mid 30's with just a little slapping. It would be encouraging to get back to a base of 40's by next week.
Here we go, fluff PR = Dilution.......again
This movement, slow, large, solid buys, MM moving the ask up, and all on a Friday afternoon without news is encouraging. A solid trading base may be forming and I believe that if this continues into next week, and a base forms in the 40-50 range, we may actually have a real reason to start feeling good about the future PPS of this company.