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I am hoping that she knows Willie Nelson, and if she doesn't someone should arrange an impromptu meeting. Knowing Willie and his crew would be like selling to a store in Amsterdam. Has anyone heard of any sales to Amsterdam? One call there and we'd be in penny land.
Excellent observation Kels, interesting, actually very interesting. Can anyone explain what she means in her post when she says that shares must be sold to pay for product?? If that's what they are doing now, what was that whole story that Tom had about the last dilution? What exactly did the 150m share dilution pay for? Why were we told that the dilution was paying for product and audits and such, and now I'm hearing the same story??
Thank you, I didn't see it. Did she also say how she was compensated? Or did RFMK state that?
This is what I've been asking. Where do you get the information about her being a shareholder, are they shares paid as compensation? How many shared and What does it say about the restrictions?
Well said !! I am in this for the long haul so I am not looking for a pop to 75 to flip some shares. This said, any long cannot ignore the fact that this news did nothing to elevate the PPS and establish a new higher trading base. How is she being compensated? If its with shares, what are the restrictions, if any? Shares would obviously be good as she would have incentive to raise the PPS. If there are restrictions, when can she sell? And how much? Was a cash payment paid for with dilution into yesterday mornings strength? IMO this should have closed in the 40-50+ range yesterday, and a new stronger base should be being built, yet EOD we had 29 bid?!?! We need a QX, we NEED a buy back.
Stock PPS runs on the future expectations of developing events. Investors are taking who she is, who her connections are, what her alliance means for future sales, the effect that her future TV "infomercials" using, exposing and promoting the products will have, and the investors are either not impressed or they are further diluting to pay for her alliance, whatever that cost may be. It's never been stated has it? Or did I miss it? Is she doing this for fun? Or is she being compensated, and if she is, how is she being compensated? With shares? Then what are the restrictions? With cash? What cash, unless dilution is paying the bill.
L2 is thin? Lets see what NITE has waiting for us at 34 after he gets rid of these last 33's. Really?
Another LONG FAT RED blob of a candlestick forming. I could take it if there was no news, even BAD news, but there has been loads of fantastic news, news that should have moved this towards a penny, on this news we should be celebrating a new base of 75, not looking at a bid of 29?!?!?!? very very disheartening.
After all this news we are sitting at 29/34.....Wow, just wow
I believe that SIF is really a vampire and RFMK just exposed the silver stake. Come out SIF, it's safe.
Hard to believe that he'd use his one phone call on you, but maybe they allow more than one call in Mexican prisons
Oh my. You're not serious are you Float? Please tell me that you're fooling around.
Even less funny when you consider that l the "shocking" news is out and did nothing for the PPS. They almost diluted it into the grave. My grandmother always said " when you eat with two forks you'll choke". And after all of this I am still reading "Tom for CEO of the year" and "it feels like Christmas morning". I'm still waiting for the news on the last crop, does anyone know what happened to that? Or are the auditors still looking for the first one? Maybe that's what the delay is.
Oh yes, you might call it "some dilution" I'm beginning to think that you work for the Government agencies that stated that hurricane Katrina dumped "some rain" on New Orleans. We are not talking about a .0003 that lost 2 and was down 66 %, rfmk was 93 and when all this great news started it didn't move up, it was heading to trip zeros again. The 200% gains you speak of usually happen when a company puts out some good news, like maybe a new product, trademarks etc, (sound familiar?) THEN you have the 200 % jump, people buy the future of the company. Well, we had that news and then some, and then some more, and it's gone south ever since. I'm deathly afraid of another PR and another round of dilution. I am deep into RFMK and hope very much that you are right and I am wrong, but all of this news and I am still deep in red both long and short. The only news that will change this is a fully reporting company, and I just don't see them throwing their personal piggy bank out. AIMHO.
Your list is missing one slightly important FACT, that the PPS has dropped 65% since all these amazing things have happened. Stock is bought on the future of a company, its projections. If all of this news is definitely coming, why is the PPS 32 right now? Something's amiss. This thing should be at .01-.02 looking to pop to .04-.05, not at .0032 after a the good news and news that's to come.
If it happens there is a good chance I'll have a heart attack when I see green next to RFMK after 2pm.
I understand this. With experience running a small/mid sized business I can tell you that once funders get involved, games are over. They want to know all and have a hand in present and future plans. CEO gets the prize by raising PPS and getting options, not lying and using ATM card to crush loyal investors. The only things that turn this around is real funding, and a stock buy back. My long position is about even, but at these levels I'm one more "good" or away from being down 50%.
I have a heavy long play and a separate small fund to take some off the table. There is no reason that after selling some at 88 my rebuy at 39 should be 40% in the red. There's no reason that my long 3m at a CA of 22 should be teatering on red after all the good news that's been out. Very frustrating Matt, very very frustrating. If this thing headed south on NO news, I'd never squawk, but if all this good news sinks the ship, WHAT news are we waiting for? What will turn this around? Another new product? Maybe they find the second crop?
Unfortunately more news = more dilution. We've had a string of incredible news, and they've sold into it to the tune of a 70% drop in PPS. RFMK announced a new product, trademarks, orders for second production runs, all great news followed by huge price drops, and now we wait for more good news so "The Floating Head" can bring it back to .000's again, and thats exactly where we are heading This is their personal ATM, and we keep filling it What news can anyone want to hear?? Does it still feel like Christmas morning out there? BTW, can anyone tell me what has become of the second crop? Or is that filed under L for Lies also.
20k shares at 40, then someone paints it down with a 100 sh trade for $39, then a HUGE 75k sh buy at 40 ask, and an immediate slap down again with a 1k trade. I feel that something brewing. The Bell Boys are better than a little 3 day spike.
Someone having a good time, ask now 6,666
If this is what Christmas morning is like at your house, I feel very sorry for you. Two pr's and we're heading south, unreal. I don't crave a huge spike, but a steady rise and a base back to 40's would be nice. Can anyone please tell me if they've heard anything about the last crop that cultivated? Or was that just something they made up to keep us occupied until they came up with cann- cig? And I'd like to suggest hiring a news proof reader who can tell us when "next" is. Ive been with RFMK for a long time now, I'm still heavily loaded and long, but getting worried.
Awesome work on the DD
Thank you I am not near L2,normal bid/ ask? Thanksfor the help
My screen shows Rfmk at .32 bid, no ask, probably stuck, but is there anything going on? Ay
Normal trading so far?
Less than 100k sends this thing tumbling, just games, hold tight
Appreciate the L2 updates OC, can't get to my L2 at work today.
I still LOVE the product and can't wait for the end of month. NITE had 300k more at ask of 40 EOD, I went to grab it at 3:56. LAFC got the order and didn't move on it, he was asleep at the wheel. I did't get it and wasn't happy. Guess I'll have to wait till monday to thank or curse LAFC. Thanks for the info all, its a late Fri night for me, two kids ran me ragged, off to bed. Nite everyone and GLTA on Monday.
This is why the board is great, a lot of good info shared. The only thing that I don't like is how it was done, it just looks bad, EOW after close PR, I'd rather they announced a smooth transition and process, so the market could digest it as a positive.
Great explaination, My only question is, who had the power/authority to move Mike out?
I've seen too many runs to a penny crushed by Mikes dilution, I agree with you that it is good to see him go, but a guy like that just doesnt give up the golden goose for the good of his investors. I hope whatever skellys he has in the closet dont hurt the company when they come out.
I'm liking what you say, and hope it's true
Thank you for the link, I Googled but there were so many I wasn't sure who he was. I now learned that I have my 3M sh stake in the hands of a 60 y/o man who calls himself "The Floating Head". AM I dreaming? On the bright side, he seems to have had positive results in his past companies. I don't worry/question him, even if he is the floating head, what bothers me is, why the sudden change? Something smells, I just hope it's some outdated food in the fridge and not a decaying carcass in the basement.
Has Tom been with RFMK prior to this appointment? Do you know what capacity? And yes, your point that he is in over his head may very well be true, a company that has been dealing in local business and suddenly is faced with an international product may need someone or a team of people to lead them. I would think that they would employ a team rather than change CEO's, but it is something to think about.
The only angle that I see as a bright spot is that they see this as a major product line that will require heavy financing that can't be handled by a quick dillution. The financing required, I assume, is such that it requires a squeaky clean CEO, and Tom had to fall on his sword looking forward to the gold mine that canncig could be, and stepped aside as this was the only path that ensures forward progress. Otherwise, no financing, game over. Just my thoughts, but there has to be a big reason that a CEO would give up his piggy bank.
Ive been long for quite sometime, and added 300k this afternoon on the ask. I'd love someones take on a few of these thoughts. Why would a CEO sitting on a revolutionary product thats about to launch/explode domestically as well as internationally suddenly resign? He brought it to the brink and now suddenly steps down? Does it have to do with the Chill? There seems to have been no time for a more graceful transition? Why is the new CEO announced at close on a Fri? And if you are trying to instill confidence and support, what kind of experience description is a 20 year government employee. Why isn't there any other background info? I sit on over 3M sh and am a bit concerned, so I would truly appreciate anyone who may have some good answers/news/information to help me rest easier this evening. Those are my thoughts Matt, I hope that you have a few good ideas for me.
I was just looking for confirmation of new CEO, but I now see that it is true, thanks and glta
New CEO Announced
NITE showing 5k sh @ 88, trade for 500k @88 goes through, NITE STILL showing 5k @88. Just a scam.
Right about now would be a nice time for a PR, blow through this stall.