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LOL, Allinders only expertise is as a penny stock promoter, why would anyone lay money on the guy being able to successfully develop, market, and sell merchandise????, he has no record of experience or success doing that, the place to bet on him is where he has a track record of success, in his core competency, shilling penny stock!!!!
No, RFMK is not a startup, it is a equity distribution operation setup specifically to lavish Allinder personally with RFMK capital, because of what my Hubbys business was, I was exposed to, and helped research quite a few entrepreneurial startups his business became involved with over the years, and I can tell you without fail, the 1s that did the best were the 1s where the principals of the business paid themselves last, not 1st, and many of them pulled less than minimum wage out of the company, if any at all, up until the company was actually producing a profit.
RFMK is set up quite differently, its major expense is Allinders compensation, a compensation that he negotiated with himself no less.
LOL, RFMK is far from being a "Multi Million dollar company", and to date, RFMKs core business has only UTTER HORRIBLE FAILURE to show for all of the effort and truck loads of equity capital poured into it since Allinder took over.
RFMK is operated out of a PO box, it is truely a vapor company.
LOL, some observations from RFMKs filing yesterday;
***$0.00 spent on R&D, LOL, Despite RFMK continuously telling investors how it has been furiously working on development of a new vaporizer for more than a year now, it didnt need to spend a dime over those 1st 9 months of 2013, LOL, AMAZING!!!!
***Despite all of the amazing, spectacular, game changing, technology and marking prowness of RFMK, my 16 year old Grandson had almost double the sales revenue of RFMK over those 1st 9 months with his craft store on Etsy, and he did it with a 43% margin, LOL.
LOL, Cramer didnt tweet anything about RFMK, and I doubt very much he likes the company at all, he did tweet about an article somebody wrote on his site which warns about marijuana stocks like RFMK which support themselves through selling stock instead of selling a viable product.
Let's face facts, RFMKs Cannacig was a complete failure in the marketplace, there were some sales in the beginning when Ms Shuman was pushing it, but even with all of her marketing efforts, celebrity "placements" and branding abilities, sales just never followed for RFMK, to make matters worse, most all of the reviews by non-stakeholders were lackluster at best, lots of reports of the Cannacig not working very well and/or breaking, and many reports of not being able to contact the company to honor its warranty, many figured out that it was just a rebranded Electronic Cigarette, nothing special about it, basically a cheap Ford Fiesta marketed as a Ferarri, ;), just search on Google, it's all out there.
ROTFLOL, OTCShortReport completely wrong about RFMK short interest:
Their "report":
Historical Short Selling Data For RFMK
Date VolShorted High Low Close ShortVol RegularVol
Jan 10 23.59% 0.00 0.00 0.00 49,143,760 208,367,801
Jan 09 28.64% 0.00 0.00 0.00 152,124,869 531,112,585
Jan 08 28.10% 0.00 0.00 0.00 111,538,098 396,983,127
Jan 07 44.28% 0.00 0.00 0.00 91,220,795 206,020,605
Jan 06 42.82% 0.00 0.00 0.00 15,684,509 36,626,106
Jan 03 42.77% 0.00 0.00 0.00 50,510,901 118,097,814
Jan 02 52.50% 0.00 0.00 0.00 112,039,894 213,405,554
RFMK FINRA Short Report out for Jan 1-15th, "No Short Interest"
Short Interest for January 15 2014
Short Interest: 0
Percent Change: (100.00)
Average Daily Share Volume: 201,109,130
Days to Cover: 0.00
http://www.otcmarkets.com/stock/RFMK/short-sales
http://www.nasdaq.com/symbol/rfmk/short-interest
ROTFLOL, Not even 1 single share of RFMK shorted, LOL, not 1!!!!!!!!!!!!!!!!, OTCshortreport.com, providing completely false information on RFMK!!!!!
LOL, absolutely correct, dilution has nothing to do with when Ironridge, Allinder, or any other entity actually sells shares into the market, RFMKs dilution is for the PIPE capital and insider "compensation."
I never said there was any Dilution since the last, which was just over a month ago, besides, the exact time it happens is irrelevant, the fact that it has been happening regularly and relentlessly since Allinder took over 2 years ago is relevant, pretty sad commentary that the only success Allinder has had during his 4 years with RFMK, is the vaporization of the companys equity capital, and with zilch to show for it, 1 of the first out in the Ecig biz, couldnt sell any, one of the 1st portable marijuana vaporizers in the market--and with national exposure--and during the boom in the sector, still couldnt sell much of anything, even worse, the incompetent CEO lost the product name to a competitor who actually filed for the Copyright, unlike RFMK who fraudulently only said they did.
Based on Allinders history, I doubt the guy would have success selling water in the desert.
"We can thus conclude that market participants are shorting heavily each and every day and then covering within days (before the shorts have a chance to be counted toward the biweekly report)."
ROTFLOL, obviously the wannabe "analyst" who originally wrote this on another site, has absolutely no idea what the "Days to Cover" metric is or what it is used for, the FINRA numbers are correct, they do not hide or distort the actual short interest numbers as does OTCshortreport.
pitadog, LOL, FINRA, the Exchange Regulator, is surely hiding the real numbers(LOL) for instance, they say there was only 730 shares shorted between 12/14 and 12/31 on average daily volume of 12M shares traded, while the "real" numbers reported by the shill website otcshortreport CLEARLY shows that 53M shares where short between 12/26 and 12/31 alone, on a total volume of 77M during that time, CLEARLY, FINRA is trying to hide their math incompetence, LOL, sure is going to be funny comparing the numbers next Monday with the OTCSR.com fantasy numbers that been tossed around over the last 2 weeks.
LOL, Oh, I dont know about that, Allinder has proven pretty good at vaporizing RFMKs equity capital, LOL.
ROTFLOL!!!, "RFMK Has A GAME CHANGER VAPORIZER DEBUTING", hope its does better than RFMKs last "game changer" vaporizer, the Cannacig, which hardly sold any units and turned into a laughing stock in the Vaporizer Industry:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=81196767
Horsehockey!!!!, There is absolutely zero way to know if or when Ironridge has sold any of the RFMK shares it has, ZILCH!!!!!
ROTFLOL!!! RFMK hasnt diluted in about 6 weeks, which BTW is right around the average time Allinder has been regularly diluting the stock, LOL, and Ironridge CANT dilute the stock, they have no ability to issue RFMK shares, LOL, ONLY Alinder can and ONLY he has had that ability since he took over the company almost 2 years ago, NOBODY else had the ability to do that, not even Amezquita or Foch, since the CEO has to issue the order through the TA.
LOL, looks like it was a rough day in RFMKland.
The only thing to bet on here is Allinders ability to successfully execute a biz plan for RFMK, and the fact is, hes been a complete failure at every product he has ever tried to market/sell, he has zero record of every successfully operating a business at a profit, however, on the flip side, he has a well documented history of successfully hawking worthless pennystocks, as well as a proven history of misleading and lying to investors, so with that record, why would anyone expect the future to be any different from the past???, has Allinder changed his ways???, if so, when did he change???, or has he just perfected his dog and pony show more???, perhaps hes just polished the mirrors and switched from smoke to vapor.
ALL of RFMKs dilution over the last 2 years is from Allinder, and most of it has been done through his Ironridge PIPE funding scheme.
Cant short RFMK, its DTC chilled trade for trade.
LOL, Allinder has glued himself into the RFMK Drivers seat with those 16,000,000 RFMK Class B shares, thats 32,000,000,000 common votes in his pocket, more than 10 times the current OS, LOL, guess he didn't want to take a chance, now there is ethical management of a public company!!!!!
Horsehockey!!!!!!!! Allinder has controlled to TA since he became CEO, cant print shares without the TA, the dilution is mostly happening through Allinders PIPE arraignment, he doesn't have to print the shares in realtime to sell into the run, and the best part for Ironridge, they get the shares at steep discount and can sell them anytime they want.
I'm wondering whos holding the Class Bs?
When the dilution happens means nothing, ITS STILL DILUTION TO THE SHAREHOLDERS!!!!!!!!!!!!!!!!!, and Allinder has been diluting around every 6 weeks on average, and we are just now reaching around that time since the last printing.
Nonsense!!!!!!!, virtually all of the dilution, ~2,000,000,000 shares worth, has happened under Allinder since assuming control, He was also the 1 who increased the AS to 5B from the 2B that Mike Amequita had shrunk it down to, also, it was Allinder who created the Class B Preferreds, with the 2000-1 super voting power, neither Amequita or Fouch has had control of RFMKs equity or cash accounts since Allinder became CEO.
Also, as has been pointed out a few 100 times now, otcshortreport does not show accurate short retail short positions, it is only reporting gaps in settlement times, which can be a short as a minute, OTCBB publishes the actual numbers and settlement times every couple of weeks, besides, its pretty much impossible to hold a short position in RFMK because it is DTC chilled.
Probably my favorite part of the Form 10 is Allinders employment contract, he signed both ends of the agreement, ROTFLOL, I wonder how long he negotiated with himself in the mirror, talk about unethical!!!!!!!!!!!!!!!!!!!!!!!
wakeupdummy, you will note that Im speaking about RFMKs failed product line, not its stock, RFMK stock is a whole different matter that I believe the SEC will address in the not too far future.
LOL, Thecannacig website, where the only traffic is RFMK stakeholders, its a dead product, laughing stock of the vape community.
http://www.alexa.com/siteinfo/thecannacig.com
LOL, that analysis is a joke right?, 1st of all, dilution is dilution, PERIOD!!!, 2nd, RFMK has really never carried any debt on the books as it has always used equity financing to pay its bills, so the debt analysis isnt even relevant, 3rd, the $1M+ in receivables is really just a slight of hand arangement that was done to buy the assets--which arent selling by the way--the Cannacig was a complete bust, junk product, the slight of hand is kinda like the inboundmarketingpr acquisition where the assets never quite made it into RFMKs cash register, LOL, Allinder, Glitter and Vapor, AKA, Smoke and Mirrors.
LOL, RFMK is still working on their 1st generation dry vaporizer, meanwhile, the marketplace already has 3rd and 4th genration dry vaporizers out in it, RFMK is way late to the game, not that it would matter much even if Allinder did finally get something out to sell, everything hes tried to market and sell, outside of shares of penny stock that is, he has failed miserably at, besides, the vape community considers RFMK the laughing stock of the biz after the Cannacig debacle.
Actually, the current RFMK CEO has been involved with RFMK for about 4 years, couldn't really figure out why/how he became CEO as he really had no real track record of success in managing a business, just a bunch of shady penny stock promotions, but I did think they had a real chance at successfully marketing and selling a product when they brought Ms. Shuman in, even if the product was junk as Cannagig turned out to be, like her or hate her, and as flaky as she is, she does seem to have good grasp and vision at putting together a complete marketing package, and she definitely has channels to get the message and product in front of the public eye, but she is gone, and without her, or somebody with her skills and contacts, RFMK doesn't have a prayer of moving product, good or not, especially with Allinder at the helm, he only knows how to pump penny stocks.
ROTFLOL, OTCShortreport does not provide a picture of actual short positions, it only shows trades which did not settle immediately, if you compare older OTCshortreport reports with the actual numbers on OTCBB, you will see that RFMK trades have been settling the same day ever since the DTC locked it down to trade for trade, there is no large short position in the stock, not unless they are shorting againsttheir own holdings, ie. insiders.
LOL, the market is already flooded with portable dry herb vaporizers, with more hitting the market each day, RFMK is way way way late to the party on this, never mind that the company name is already seen as a joke in the vaporizing community, here, smell the truth:
http://blog.sfgate.com/smellthetruth/2013/12/26/best-eight-vape-pens-and-portable-vaporizers-2013/
Cannacig, you mean the 1 THC Scientific has the trademark for, or the 1 RFMK failed miserably at trying to market and sell, you know, the 1 that the vaporizing community flatly rejected.
Considering that RFMKs Form 10 contains a couple outright and confirmed false statements in it, its pretty hard to put much faith in anything else stated in it, especially based on Allinders history of misleading investors.
Ive sent an email to Brent Fouch, the former CEO of RFMK, in regards to some of the allegations presented about him in RFMKs Form 10 filing and some of the other opinions which have been floated on the issue, asking him for some clarifications on the situation of the shares he still owns, if any, as well as any interest he may still have in RFMK, Ill report back what, if any, information he provides.
Allinder probably just refused to remove the legends on any Restricted that Mike and Brent might still own, meanwhile, Allinder is still lavishing himself with RFMK capital, no wonder he wants to be in control of the printing press, no private company would pay him that well, especially based on his performance and results with RFMK over the last 4 years, LOL, his marketing and sales efforts with RFMK over those 4 years havent even produced enough sales to cover 1 year of his salary.
LOL, if they are free trading shares owned by private shareholders, you need a judge to take their property since you need to get into their accounts to even identify "unauthorized" shares held outside of company control, the only thing the company has that kind of direct control on is restricted and treasury stock.
Nope, would need to sue Mike and Brent with lawyers to do that, Straight from the Form 10 filed with SEC:
Upon extensive review with the help of a forensic accounting professional, it was determined by current management (CEO Tom Allinder) that it was in the best interests of the shareholders to properly account for their improper and unauthorized use of Company funds, however to not engage a law firm to pursue collection of the funds.
Regarding Allinders "stop order" he placed on the RFMK stock, RFMK would have had to sue Fouch and Amezquita in Nevada, and prevailed, in order to prevent them from selling ANY free trading stock they already own, according to the Form 10, RFMK did not go this route, so really, the only thing he could have possibly done to them would be to refuse to remove the legends from any restricted stock they might still hold, frankly, after reading this rambling and disjointed 10 that Allinder filed, Its no wonder RFMK has done so bad the four or so years hes been connected to it.