Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I think if we all hold till EOD this thing will skyrocket , the MM is majorly short
Homey they can put whatever they want , it's not true he's just trying to get u to sell , hold tight till rod and this will surge , if it doesn't then we know the truth
Looking good , buyers all day - this thing has to go up soon. When it does I imagine it's gonna go up fast$$$$$$- go RFMK
Who do u refer too my friend
It will go back up , quit worrying so much , imho -Go RFMK
I told you guys it would go back up , I knew it. I finally bought on the fear yesterday and hit. Go RFMK
Yes , zuckerburg claims they are working on a "social search engine" why do u think the executives didn't cash all out , they know what's coming. Bow up!
We are all in a very odd and distasteful position. But mark my word on this , I have been in this situation before and when all the bad news and fear was hitting the board , the stock crashes. Then within weeks it creeps back up and every time I kick myself in the a__ for not buying on the negative talk. This time I did , I bought close to the end of dat at 0.0017- hopefully by going against my gut I will profit
Not yet , it will become integrated throughout all devices , platforms and programs , it will be a standard
No doubt it was overbought but he is a genius and will probably smash the competition with innovation
Not at all zuckerburg is genius
Like who , once he develops the new search engine integration it's on
Facebook will be the next Apple or google
I got so much tied up. So much riding on RFMK. I invested more yesterday trying to make a better position. I am a Lil jumpy cuz I went all in
Livinlarge why such brutal dumping going on
DTC Chill? Now that's great , they must be enforcing the current DTC chill. I thought we were getting out of DTC chill
If it goes below 0.002 I'm out , I just can't ride this down to oblivion. This just stresses me out to bad . I hear too much talk of dilution and now it looks like everyone is selling
0.002? How far is this thing going down before it takes off
Sorry , just so devastating. I bought more yesterday and now already down .
Wtf , 0.0021
Crowin , what will happen when the issued amount of stock equals the authorized amount of 2 billion
Your right , I'm not gonna lie
Sorry guys , your right I guess I need to do my homework , I just hate getting ripped off. I will do my homework before I start posting old stuff
I'm so new to the game it just scares me all the stuff I keep reading about dilution
I also searched Tom Allinder and found a company called SpongeTech, man Im going down in my bank account. This sucks
I searched RFMK and Tom Allinder and found this posted by Siforus
Isn't RFMK the same company that was pump&dumped last summer touting all these major agreements and amazing steps forward in their business operations having to do with medical marijuana and e-cigs then only showed a grand total of $3,468 in sales for the entire year of 2011?
That $3,468 number is especially dismal when you consider that RFMK sold no product in 2010 and for the 2010 and 2011 calender years had a combined $5,300,000 in operating expenses.
If you go through their limited disclosure they offer in their OTC filings you get a little bit of information about what RFMK is all about.
RFMK was once a Joseph Meuse / Belmont Partners shell back in 2007. Meuse sold controlling interest of the shell (50.001%) to Brent Fouch in May of 2007.
At the end of 2007 there were no preferred shares outstanding then by March of 2008 there were 13,000,000 preferred shares outstanding. Preferred shares convert into common shares at a ratio of 30:1. So 13,000,000 Preferred shares = 390,000,000 common shares.
We are never told in any of the filings who owned those 13,000,000 preferred shares or how or why they were obtained.
What we are able to find though is how those preferred shares were used to make somebody very rich during the pump&dump phases of the stock.
During the last quarter of the 2010 calender year 1,757,000 of the 13,000,000 preferred shares were converted into 52,000,000 common shares. The RMFK share price dropped from $.02/share at the start of the quarter to $.0062/share by December 31, 2010.
Those 52,000,000 shares continued to be dumped during the first quarter of the 2011 calender year and the share price continued to fall all the way down to $.0028/share by March 31, 2011.
The well must have run dry because the next big batch of preferred share conversions took place between March 31, 2011 and June 30, 2011. During that quarter another 5,300,000 preferred shares were converted into another 159,000,000 common shares.
The stock price was briefly pumped up to $.015/share during a 2 day stretch from April 22 - April 24, then it was dumped back down to $.0043/share by May 11th. The next pump started on May 12th and was supported by a couple dozen press releases touting all these great promises of future revenues. The stock price shot up to $.03/share on May 13th and then was once again dumped back down by our mysterious preferred share owner settling down in the $.001/share - $.002/share range for several weeks during the last 3 - 4 months of 2011.
Before the 2011 calender year ended another 5,600,000 preferred shares were converted into another 168,000,000 common shares. That would have brought the original total of 13,000,000 preferred shares down to 343,000, but during the 2011 calender year another 3,000,000 new preferred shares were issued to an unnamed individual for $3,000 worth of services and another 1,000,000 preferred shares were sold to an unnamed buyer for $139,050.
Those 3,000,000 preferred shares convert into 90,000,000 common shares making that $3,000 worth of services worth $324,000 at today's close.
Those 1,000,000 preferred shares convert into 30,000,000 common shares making that $139,050 worth $.004635/share. A value that RFMK will have a hard time hitting again due to the rapidly growing outstanding share count.
According to the 2011 annual report RFMK had 691,918,022 common shares outstanding as of December 31, 2011 and another 4,343,000 preferred shares outstanding (convertible into 130,290,000 common shares) as of December 31, 2011.
Some of those 691,918,022 outstanding shares may have been converted preferred shares that were waiting to be sold into this most recent little pump&dump being done on the stock.
Or more preferred share conversions could have taken place since the start of the new year. Guess we'll have to wait for the next quarterly report to find out.
Interesting how the company uses their outstanding share count from December 31, 2010 (225,438,022) to mislead investors by saying it is the outstanding share count as of December 31, 2011 on the OTC information page:
http://www.otcmarkets.com/stock/RFMK/company-info
Also interesting how the company started converting preferred shares as far back as late 2010, yet they didn't designate the preferred shares with the Nevada SOS until September of 2011:
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=aJSHsb3z5h5QNO1ndSeUPg%253d%253d&CorpName=RAPID+FIRE+MARKETING%2c+INC.
If I had to guess I would probably say that the way the Series A Preferred shares were being converted and dumped into the market all while the company was releasing over-hyped and misleading press releases probably was the biggest reason for the DTCC chill.
I'd personally love to know who owned/owns those preferred shares.
I just don't understand it. Why would they dilute so much. We will never go higher if they keep this up , where is kelseyf to explain
30 million more shares diluted. That really fires me up. This company always hammers its good runs. The new investors will never make a profit if this keeps up. Thanks for info pitadog
I understand this but it seems to be going down fast
Bid size down to 165,000 . Why isn't this thing climbing. What is going on with this
Why are we crashing down. We were looking so good. Do u think it's dilution?
Real funny starbuxsux , but ur a Lil off , I'm losing my a__ on the mmj stock. I'm looking for a more solid "real" investment that I can go long on
Nebula , do u think this stock is good long term
It never fails down we go!
0.0013 now , falling oh so badly. Watching my total dwindle away
I'm gonna stay all in, I hope it works out for the best. If it drops lower I may consider another mil to try and make some ground
I'm not going anywhere , if I sell now I lose big time . So I will just hold and hope it comes through , if not then I just ride the ship all the way down
The only problem with that is they are ordering the cannacigs with diluted shares at 50% worth. So we buy shares at full price and they dilute wiping us out. It would be different if they paid for this stuff with the profit off the cannacigs, they are double dipping. I know I should be hyping up the stock since I'm 1.1 mil shares deep at 0.0025 but it just seems its a repeat
It's true, where are all the guys saying they are holding long now , I bet tommorrow they will be invisible as all new investors get jacked
Excellent info kenco- it's good to hear real talk