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Time and Sales for HOP-ON INC (HPNN) Feb 07, 2014
Symbol:
Time Price Volume Market
02/06 0.0001 14 OTO
02/06 0.0001 50000000 OTO
"Big news today on $RFMK!" http://investorshub.advfn.com/boards/read_msg.aspx?message_id=96084914
I tell you again $RFMK Get your $hares now...
I tell you again $RFMK Get your $hares now...
I told you folks good news coming...
15:22:58 0.001 10,000,000 (a 10 million buy all at once)
Time and Sales for $RFMK Jan 17, 2014
Time Price Volume Market
15:56:59 0.0009 500000 OTO
15:39:35 0.001 1000000 OTO
15:31:17 0.001 1510000 OTO
15:29:48 0.001 550000 OTO
15:23:38 0.001 500000 OTO
15:22:58 0.001 10000000 OTO
15:20:03 0.001 2000000 OTO
15:07:20 0.0009 27600 OTO
14:52:20 0.0009 500000 OTO
14:47:20 0.001 4000 OTO
14:45:21 0.001 1000 OTO
14:39:19 0.001 1200000 OTO
14:37:04 0.0009 60000 OTO
14:26:41 0.001 350000 OTO
14:26:30 0.0009 5000 OTO
13:55:54 0.0009 800000 OTO
13:49:55 0.001 42750 OTO
13:39:38 0.0009 100000 OTO
13:32:05 0.0009 1000000 OTO
13:24:02 0.0009 90000 OTO
13:22:06 0.0009 800000 OTO
13:17:49 0.001 60000 OTO
13:02:04 0.0009 70000 OTO
12:59:30 0.001 110000 OTO
12:59:10 0.0009 25000 OTO
12:56:10 0.001 5000 OTO
12:50:40 0.001 100000 OTO
12:47:13 0.001 10000 OTO
12:39:32 0.001 40000 OTO
12:12:35 0.001 2000 OTO
It looks like it could pack quite a punch!
The two chamber design is really a game changer, not to mention very long battery life!
The new prototype looks very good in my opinion!
Once testing is complete I imagine production would begin, who knows how long that will take but very exciting for the company and shareholders!
"Here is a video of our new dry vaporizer. This is a prototype. We have undergone 5 engineering changes to ensure this unit works great. Update on start of production coming as soon as we have it." I AGREE WITH YOU MY FRIEND...
It looks very good to me. Go $RFMK! http://www.sec.gov/Archives/edgar/data/859917/000072174813000837/rfmkform10.htm
RFMK Financials & Dilution CHEAT SHEET :
From Transfer Agent: 3/12/2012
Total authorized: 2,000,000,000
Total issued and outstanding: 752,208,022
Total restricted: 304,565,212
PPS March 2012 ~$0.005
Market cap ~$3.7M
From Transfer Agent: 1/14/2014
Total authorized: 5,000,000, 000
Total issued and outstanding: 2,789,513,042
Total restricted: 270,085,212
PPS Jan 2014 ~$0.0009
Market cap ~$2.5M
Total share dilution under current CEO ~2B
What did the company GET from that dilution?
780M shares exchanged for $643,000 extinguished debt : aka, balance sheet to neutral ($0 debt, $0 liabilities, $0 assets)
Therefore actually ~1.2B in dilution since March 2012.
The assumption is roughly 200M were converted preferred shares from insiders of the past (which are now out of the picture and no longer have anything to do with the company story going forward).
Therefore actually ~1B in dilution since March 2012.
What did the company GET from that dilution?
Company balance sheet now showing assets of about $1.2M (receivables) plus ~$350,000 in inventory and other assets.
Corporate actions such as audit, legal team resolving past legal issues, new product development, etc.
Note $50,000 per month from IronRidge, so far assumption is company obtained about $300,000, for 1B shares implies a near term (six month) average cost basis for this subset of inflows only of about
$0.0003
Note, since early Nov (two months ago) an additional ~400M shares into the O/S, implies $100,000 inflows from IronRidge for 400M shares which implies a cost basis at about
$0.00025
Note, absolute low of RFMK stock : $0.0002
Note, 50 day moving average of RFMK stock : $0.0004
It is important to not only look at the change in the share structure over time and not see what the company received in exchange for that overall dilution. One must not judge dilution in a vacuum. This company appears to have gone through a fundamental shift from a low quality PK micro cap to a development stage company with much potential and a decent balance sheet with many opportunities for growth going forward.
After all of this time and corporate changes, from a balance sheet deep in the red with liabilities and no assets to a balance sheet on the positive side showing no debt and assets, along with ongoing funding from a large long term investment firm, along with potentially big game changing corporate developments, the market cap is now
LOWER
than it was in March 2012 when this company had NOTHING but debt and an ex-management team using the company as their personal ATM machine ($3.7M market cap vs. $2.5M market cap as of today). IF the current market cap was ABOVE the past market cap AND nothing had happened for the company (no fundamental changes, no funding, no inventory, no corporate changes whatsoever since 2012) THEN possibly there would maybe be an argument to be made that investors should be cautious of how the dilution has devalued the company. However, IMO the fundamentals of the company are much stronger than in the past and the PPS has moved downward in relation to the growing O/S, and even so the market cap remains lower than in the past, therefore on an overall perspective (regardless of individual market performance for each trader/investor) the company seems to have the most interesting valuation it has ever had.
Hmmmmm? Hmmmm....
Indeed, this is not rocket science...
May the force be with all RFMK investors, shareholders and followers.
GLTA
$RFMK
(this is good info from a friend on another board)
$RFMKGet your $hares now, while those who bought between .0015 and .0030 can't wait and want to sell at a loss,we get their shares here at these levels and get ready! The opportunity is coming! Hundreds of millions of shares will be trading when news come. Some folks buy at the last minute. BUT NOW AT THESE LEVELS (WHILE OTHERS SELL) IS THE TIME TO BUILD OUR POSITIONS SLOWLY...
$RFMKGet your $hares now, while those who bought between .0015 and .0030 can't wait and want to sell at a loss,we get their shares here at these levels and get ready! The opportunity is coming! Hundreds of millions of shares will be trading when news come. Some folks buy at the last minute. BUT NOW AT THESE LEVELS (WHILE OTHERS SELL) IS THE TIME TO BUILD OUR POSITIONS SLOWLY...
Reload time here on RFMK, big news coming soon!
RFMK 0.0011 Down -0.0001 (-8.33 %) today and yesterday 40% but look at this company:
GRNH 0.380-0.418 (-52.37%) yesterday and Another 41% down today.
GRNH 0.224 0.1561(-41.07%)
Previous Close
0.38
Open
0.30
Daily Range
0.3001 - 0.20
52wk Range
1.20 - 0.02
Volume
33,813,686
Average Vol (3m)
4,487,898
The point is some people can always post negative thoughts about this and many other companies...
mmm... people sold here too.
GRNH 0.380 -0.418 (-52.37%)
WHAT A TRULY AMAZING RUN SO FAR
CANV 36.0000 chart-5.0000 -12.20%
CBIS 0.1185 chart+0.0285 +31.67%
EDXC 0.1490 chart+0.0470 +46.08%
ERBB 0.0119 chart+0.0035 +41.67%
FSPM 2.0700 chart+0.3780 +22.34%
GRNH 0.7980 chart+0.2780 +53.46%
GWP.L 190.4000 chart-6.3500 -3.23%
GWPRF 3.2600 chart-0.0600 -1.81%
HEMP 0.0777 chart+0.0367 +89.51%
HSCC 0.0499 chart+0.0289 +137.62%
MDBX 60.0000 chart-13.9000 -18.81%
MJNA 0.1870 chart+0.0160 +9.36%
MWIP 0.0000 chart+0.0000 N/A
NVLX 0.1335 chart+0.0091 +7.32%
PHOT 0.3499 chart+0.1168 +50.11%
RFMK 0.0021 chart+0.0009 +75.00%
RIGH 0.0004 chart+0.0003 +300.00%
TRTC 0.3701 chart+0.1325 +55.77%
WELL, I THINK $RFMK COULD MAKE A NEW 52WK HIGH VERY SOON. IMHO THIS IS THE MOST PROFITABLE BUSINESS RIGHT NOW IN COLORADO AND SOON TO FOLLOW WASHINGTON, ALSO IN MANY OTHER STATES.
WELL, I THINK $RFMK COULD MAKE A NEW 52WK HIGH VERY SOON. IMHO THIS IS THE MOST PROFITABLE BUSINESS RIGHT NOW IN COLORADO AND SOON TO FOLLOW WASHINGTON, ALSO IN MANY OTHER STATES.
$RFMK Audited financials,very hot sector, the potential for uplisting, stock ticker symbol change, company name change, new product launch, etc etc. Our time is coming! Tom is doing what needs to be done here...
$RFMK Audited financials,very hot sector, the potential for uplisting, stock ticker symbol change, company name change, new product launch, etc etc. Our time is coming! Tom is doing what needs to be done here...
March 8, 2013Despite Arduous Goals, Relatively Smooth Sailing for Colorado Cannabis Task Force
Tags: amendment 64, colorado marijuana task force, recreational marijuana
A task force set up to propose regulations on the adult use of marijuana in Colorado is set to release its final report next week, a major milestone that lays the initial groundwork for retail cannabis sales.
The group, to the surprise of some, hit its deadlines without any major obstacles and has kept the state on track to implement rules on the nascent industry later this year. Even more surprising: The process – while time-consuming, at times heated and certainly exhausting for those involved – went relatively smoothly considering the task at hand.
Rather than drive a wedge between stakeholders with different ideas on how the industry should develop, the task force meetings actually brought some members with conflicting views closer together.
“Basically we saw the opposite of what many expected to happen,” said Christian Sederberg, a Denver medical marijuana business attorney who sat on the task force. “Instead of positional arguing and the entrenching of ideas, people actually worked together. I came away with much stronger relationships with people who fundamentally disagree with my views on this. We were able to find common ground.”
Sederberg, for instance, found himself working side-by-side with locals involved in the campaign against Colorado’s recreational marijuana law (Amendment 64).
The 24-member group included MMJ lawyers, state lawmakers, industry professionals, law enforcement personnel, health officials and individuals representing marijuana consumers, communities, general employers and employees.
Of course, not everyone on the task force is pleased with everything the group settled on, and there were plenty of disagreements. Much work still needs to be done, and delays could materialize as lawmakers use the recommendations to craft regulations. Some of the proposals tied to taxes would also have to be put in front of voters in November. The controversy, therefore, is sure to increase going forward.
But the fact that the task force came up with more than a dozen recommendations on a very weighty topic in such a short time is an achievement in and of itself.
“The recommendations that were put forward ranged from those that were very simple and matters of necessity all the way up to the very controversial,” Sederberg said. “They all got discussed, voted on and pushed through. All in all the process worked very well. No one really got everything they wanted, and for the most part these recommendations are substantive, well thought-out and provided in a format they can use in the legislature.”
The task force met six times over an 80-day period, for four hours each session. Sederberg estimates he spent between 200-300 hours just on work related to the group.
While the report released next week will contain a detailed list of suggestions as well as the reasons behind them, here are some of the general recommendations it will make:
- Allow visitors and tourists – not just residents – to purchase cannabis at retail stores.
- Levy a 15% excise tax on wholesale marijuana transactions between retail shops and growers and an undetermined tax on marijuana sales to customers; require cannabis stores to pay state and local taxes.
- Prohibit outdoor growing.
- Require retail stores to grow at least 70% of the cannabis they sell, which is also the requirement for medical cannabis dispensaries.
- Set regulations on potency labels, packaging, purchasing limits and advertising.
- Ban cannabis sales at bars, clubs and restaurants, and prohibit cannabis donations.
- Require cannabis businesses to track the entire production and sales process, from seed to sale.
- Allow employers to fire workers for using marijuana in their free time.
http://mmjbusinessdaily.com/2013/03/08/despite-arduous-task-relatively-smooth-sailing-for-colorado-cannabis-task-force/
SHORTS COVER AND WE GO UP IMO. GO $RFMK.
March 7, 2013$RFMK Medical Marijuana Legislation Advances in Two States, Snubbed Out in Another
Tags: illinois medical marijuana , iowa marijuana bill , medical cannabis legislation , new hampshire medical marijuana
The debate over medical marijuana is heating up across the country as lawmakers in many states start to weigh in on MMJ measures.
Here’s a rundown of some developments over the past few days on the legalization front:
Illinois: A proposal to legalize cannabis for medical use via a four-year pilot program has cleared a House subcommittee by a large margin (11-4). The bill, sponsored by Rep. Lou Lang (D-Skokie), now moves on to the full House, where a vigorous debate is expected. Lang sponsored similar legislation last session that cleared the Senate, but he didn’t put it up for a vote in the House for unspecified reasons. This time around, Lang tightened up the already-strict proposal even further to address the concerns of some lawmakers who are on the fence about MMJ. That strategy appears to be working, with one Republican lawmaker saying Lang “worked with every issue I had a problem with,” according to the news site Pantagraph.com . The proposal would allow up to 66 licensed dispensaries and 22 cultivation sites to set up shop across the state.
New Hampshire: A key committee approved a medical marijuana bill today by a 14-1 margin , sending it to the full House for a vote. The measure, sponsored by Rep. Donna Schlachman (D-Exeter), would pave the way for up to five state-licensed dispensaries, and registered patients could grow their own cannabis. That last part could be a huge sticking point if the bill advances in the House and then the Senate. Gov. Maggie Hassan – who would have to sign off on any bill – has said she supports medical marijuana but has strong reservations about allowing patients to grow their own.
Still, the odds that New Hampshire will pass some form or medical marijuana legislation are high, given the Hassan’s general support and the fact that a similar measure cleared both the House and Senate last year before dying at the desk of the previous governor (who was opposed to MMJ).
Iowa: An MMJ legalization bill sputtered out in the state Senate on Monday despite strong support from locals (58% back medical marijuana, according to a recent poll). Some lawmakers expressed fears that the measure would lead to an increase in crime and marijuana use among young people in the state. Backers of the bill said they didn’t have enough support in the Senate and therefore left the bill to die rather than put it up for a vote. A similar measure also died in the House. It’s unlikely Iowa will pass an MMJ measure in the next few years, given the stiff resistance it faces.
New MMJ bills have also been introduced in other states – such as Florida – over the past week, while lawmakers in other areas including Rhode Island, Oregon, Maryland and and Maine have held hearings or are getting ready to debate measures that would legalize cannabis for recreational use.
Related Stories
Illinois Medical Marijuana Measure Going Up in Smoke, Lawmaker Says Vote Unlikely
New Hampshire and Connecticut Lawmakers Pass Medical Cannabis Legislation, But Hurdles Remain
Can New Hampshire Medical Marijuana Supporters in Senate Overcome Veto Threat?
http://mmjbusinessdaily.com/2013/03/07/medica...n-another/
http://mmjbusinessdaily.com/2013/03/07/medical-marijuana-legislation-advances-in-two-states-snubbed-out-in-another/
"A REVOLUTION IN THESE BUSINESS, BILLIONS TO BE MADE HERE... "The dispensaries would provide an easy avenue for the approximately 3,600 current medical marijuana permit holders to purchase medical marijuana in a transparent and legal manner, he said.
“We’re going to have places you can go with a card where you can legally purchase marijuana,” Segerblom said. “It’ll be a for-profit. It won’t be a co-op. It won’t be run by the government … It’ll be taxed and the revenue will be used to do something good. Those are the details we haven’t gotten to yet.” ""
$RFMK Marijuana is the next great American Industry: Check this Video in the mainstream media news!
GO $RFMK
WEDNESDAY, MARCH 6, 2013 BEST SECTOR TO MAKE MONEY.GO $RFMK.
MARIJUANA Pro-Medical Marijuana Group Launches Idaho Ballot Initiative
POSTED BY MORGAN BARNHART ON WED, MAR 6, 2013 AT 12:16 PM
With the goal of garnering more than 50,000 signatures, Compassionate Idaho and advocates for medical marijuana hope to put their cause on Gem State ballots in 2014.
“Patients need medicine now," Lindsey Rinehart, executive director of Compassionate Idaho, told Boise Weekly. "We need safe access now."
Rinehart told BW that beginning Friday, March 8, her organization will launch the petition drive—calling for the legalization of medical marijuana in the Gem State—looking to wrap up the effort on April 30, 2014.
“We didn’t succeed in 2012," she said. "And we aren’t going to wait another two years. We aren’t going to wait until 2016.”
When asked about Compassionate Idaho's motivations toward the recreational use of pot, Rinehart said “It’s not on our agenda.”
“There are patients going to jail for treating their illness” said Rinehart. “A lot of people are leaving our state to live in neighboring states because they’re scared.”
Rinehart pointed to a fellow advocate diagnosed with multiple sclerosis.
“She was arrested four times for treating her illness [with marijuana]," said Rinehart. "And she was eventually going to face prison time.”
Now accepting volunteers, Rinehart expressed hopes of gathering signatures and educating Idahoans about medical marijuana.
RAPID FIRE MARKETING INC NEW
0.0021 0.00 (0.00 %)AS OF 3:56:19PM ET 03/06/2013
https://eresearch.fidelity.com/eresearch/evaluate/snapshot.jhtml?symbols=RFMK
$RFMK WEAK HANDS ARE OUT. GO $RFMK! TO A PENNY IF TOM WANTS TO...
After trading 800 million to a billion shares above .0020 I honestly don't think we should be trading bellow .0020. Flippers and day traders should be out at these levels. LONGS CONTINUE TO BE HERE AND THOSE DAY TRADERS AND FLIPPERS SHOULD BE GETTING IN AT THESE LEVELS AGAIN IMO...
$RFMK An Illinois House committee on Wednesday approved a proposal to legalize medical marijuana.
An Illinois House committee on Wednesday approved a proposal to legalize medical marijuana.
Similar legislation has failed in the General Assembly over the years, but the bill’s sponsor, Rep. Lou Lang, D-Skokie, said he’s optimistic because this version provides more regulation than previous versions.
“We wanted to make it as tight and as highly regulated as possible, (and) we could to give this a try for four years so we can convince members of the General Assembly that it should be a permanent program,” Lang said.
The committee vote was 11-4. Four of the six Republicans voted “no,” while all Democrats and two Republicans, Rep. John Cabello, R-Rockford, and Rep. JoAnn Osmond, R-Antioch, voted “yes.”
Lang said the newest proposal would be the “most highly regulated piece of legislation ever written on the subject” in the 18 states that have adopted such measures.
The proposal would create a four-year pilot program during which qualified patients could use up to 2.5 ounces of marijuana per two-week period. The drug would be available only to people with specific medical conditions, such as cancer or HIV/AIDS, and only if their doctors and the Department of Public Health approve.
The bill provides for 60 dispensaries and 22 cultivation centers across the state.
“Many people sat around a table drafting and redrafting this to make it very tight and controlled. This is clearly modeling legislation for the country,” Lang said.
http://www.sj-r.com/breaking/x1037520463/House-panel-votes-to-legalize-medical-marijuana-plan
AGREE. GO $RFMK!
It will come very soon imo. Go $RFMK!
Agree with you my friend. We are going higher it don't matter what haters say. Go $RFMK.
You can buy later at .0025-.0030? or now. UP TO YOU!
$RFMK San Diego Could Become One of Nation’s Hottest Medical Cannabis Markets – Again
Tags: california medical marijuana , cannabis regulations , san diego dispensaries
The national medical marijuana spotlight has focused squarely on Massachusetts ever since the state legalized MMJ in November, with consultants, law firms and other ancillary cannabis companies scrambling to get in on the ground floor of a hot new market. The launch of the first dispensaries in Arizona has also garnered a fair share of attention, as the state will be home to one of the larger medical cannabis industries in the US.
But the biggest near-term business opportunities may very well be in one of the nation’s oldest medical marijuana markets: San Diego.
A proposed ordinance up for debate in the San Diego City Council could pave the way for dozens of medical cannabis dispensaries – possibly as many as 100 – to open in the near future. If it passes, the measure would lead to a revival of the city’s medical marijuana industry, which is barely clinging to life after local enforcement forced hundreds of dispensaries to shut down over the past two years.
The council will take public comments and ultimately vote on the ordinance during its March 25 meeting.
Details of the ordinance have not been released publicly. But, in general, it would allow dispensaries to exist but set up certain regulations on these operations, including restrictions on where they can set up shop. That will create a new playing field for both previous dispensary owners who had to shut down as well as entrepreneurs who want to get involved for the first time.
In fact, medical cannabis companies from other regions are already moving into the market in anticipation that the ordinance – proposed by the city’s new MMJ-friendly mayor – will pass.
The publicly traded firm MedBox Inc. – which provides consulting services and automated cannabis dispensing systems to the industry (OTC: MDBX ) – issued a release this week saying it has “boots on the ground” in San Diego to prepare for the opportunities. The Hollywood-based company said its goal is to help clients and entrepreneurs open up to 30 Medbox-branded dispensaries – at a startup cost of $150,000 each – in the city. It claims to have already received deposits on a dozen locations in San Diego that will comply with the new ordinance. The startup fee includes assistance obtaining zoning permits, construction and build-out, and MedBox’s dispensing systems.
At the same time, former dispensary owners are gearing up to re-enter the market quickly. They could have a leg-up on outside competitors and newbies, as they’re already familiar with the market.
http://mmjbusinessdaily.com/2013/03/06/old-is...ets-again/
http://mmjbusinessdaily.com/2013/03/06/old-is-new-san-diego-could-become-one-of-nations-hottest-medical-cannabis-markets-again/
Update to Shareholders Regarding Rapid Fire Marketing’s Business
admin | February 28, 2013
8
It has been awhile since I updated shareholders on what is happening at Rapid Fire Marketing, so over the last couple of weeks, I have put together the following comprehensive update on our business including the corporate side as well as the products side along with our strategy going forward with respect to the business and the capital structure of the Company.
Points to be Covered:
Fully Reporting Status
Removal of the DTC Chill
Funding
New Product
Growth Strategy as a Fully Reporting Company
Stock Structure
Management Team/BOD
So, as of now, this is where everything stands:
Fully Reporting Status
The order of events that we had to go through to become a fully reporting Company is as follows:
Complete the 10K to file with the SEC
Audited financials to accompany 10K
File a Form 10 with the SEC
File a 15c211 with a market maker to move to the OTCBB
I have put a lot of time and effort into the “getting fully reporting” process because this is the single biggest thing that we can do to add substantial value to this Company in the short term.
The 10K is complete (with the notable exception of the audited financials). We have made adjustments to the 10K as we have moved along to have a current document to send to the SEC. Once the audit is complete, we will file the 10K and send the Form 10 immediately thereafter.
The audit for the purposes of the 10K has to be for a two year period. Since 2010 was too much of a challenge to complete due to changes in previous management, we had to wait until 2012 ended, compile all the numbers and go to audit again with 2012 to satisfy that two year period. Significantly for the future, we have built all of our 2010-2013 records into our Netsuite system which makes the audit a lot easier for our consulting firm as well as the auditing firm.
When will the audit be completed and the 10K filed? I am hopeful it will be very soon. I have also discussed (in detail) the timing of getting to fully reporting status with our auditors and consulting firm and they believe the entire process, (10K and Form 10) could be complete within 60 days. Understandably, there has been lots of emphasis on the 10K filing, but this is only the first part of the process to getting to fully reporting status.
By once again assigning an expected timeline, it is not to say that more obstacles will not appear and have to be overcome. I realize this has been a long and frustrating process for shareholders. I, too, have been frustrated by the pace of movement as well.
The upside of this long process is that today, Rapid Fire Marketing has cleared many of the documentation hurdles of the past and now sits, in my opinion as a well-organized Company. While this is not “visible” to shareholders, it is certainly visible to me. Many hundreds of man hours of work have gone into rebuilding the corporate and administrative part of this Company. I truly appreciate the efforts of those people responsible for turning Rapid Fire Marketing into this well organized Company. Every piece of information regarding Rapid Fire Marketing is at my fingertips now. Everything from contracts and invoices, to financial statements, correspondence, and a database of all documents to and from the Company and so on is in electronic form easily accessed through Netsuite. And, we have one person who is a Netsuite expert that maintains the system daily and alerts me to any problems or issues so we can resolve it immediately and keep everything current.
Removal of the DTC Chill
On February 17, 2012, Rapid Fire Marketing was designated Trade for Trade and exited from the DTCC’s Continuous Net Settlement System (CNS). Additionally, a few trading firms restrict the purchase of our stock and only allow sales. Since we have clearly maintained excellent liquidity in our stock, my strategy was to get the Company fully reporting and reapply for DTC eligibility.
In 2010 and 2011, I followed the problem of DTC Chills with quite a few companies. It was clear that companies that were doing short term funding were seemingly automatically chilled. It was also clear that the DTCC was targeting non-reporting companies. In some cases, those few companies that did get their chill lifted were chilled again shortly after regaining their eligibility.
Rapid Fire Marketing does not have an infinite money supply. I chose to get the Company fully reporting first as well as ending the short term funding that the SEC and DTCC target companies for. To spend tens of thousands of dollars getting the chill lifted only to be re-chilled made little sense to me.
So, to that end, we are close enough to completing the process of getting this Company fully reporting that we are in the process of getting the chill lifted now. We have the attorney engaged in the process of removing the DTC chill. I cannot give any timelines but we will get it done as soon as we possibly can.
Funding
Aside from being a non-reporting Company, Rapid Fire Marketing’s biggest issue was funding when I took over as CEO. The only means of funding the Company had in place at that time was through the 504- which is a short term funding usually done at a significant discount to the market price. Every time a 504 funding was done, the stock would take a beating. I was determined to get away from this destructive practice.
We completed the $2.2+ million funding with IronRidge Global, as announced on 25 September. This funding enabled us to pay for a large inventory of products and provide us with capital to grow this Company. However, the terms on that funding for the cash (capital) part was done with preferred stock which had to age 6 months and is also contingent on the Company becoming fully reporting.
The last short term funding we did with Rapid Fire Marketing was in early August of last year. We ended the 504 funding which was so hard on the stock and our shareholders.
Thus at this time, I have never been more confident in the strength of Rapid Fire Marketing. I am confident that this Company will re-emerge as a much stronger Company once we are fully reporting and we will have access to the capital with attractive terms needed to grow aggressively.
New Product
We are seeing steady sales of our vapor inhalers. It has sustained the Company for months with no outside funding.
There is a huge demand for a dry herb vaporizer. To that end, rather than take delivery of the second half of our order from HexCorp of Cumulus and CANNAcig vapor inhalers, we are going to production with our new vaporizer (yet to be named) that will be made from scratch which we will file a patent for. This is going to be a much more sophisticated unit than the CANNAcig/Cumulus. A lot of time and effort by HexCorp is going into this unit. We expect the final product to work better than any other dry vaporizer on the market and it will be priced competitively.
It is time that this Company created its own line of products and we are actively doing so now.
A representative from HexCorp is now in Hong Kong to oversee the creation of the molds and to finalize the electronic configuration of this new unit. I am involved in getting photos and drawings of the prototype and will post that info as soon as it is available.
Growth Strategy as a Fully Reporting Company
The medical marijuana industry is growing rapidly. Yet the industry is still dominated by small players. The medical marijuana industry is far more than just vaporizers. There are hundreds of small companies making great products. The problem is, in such a fragmented industry, accessing capital and the tools needed to grow are not readily available. Nearly all of these companies have to rely on private investors because financial institutions that will fund a company in the “marijuana/cannabis” sector are few and far between.
I have made the decision that in addition to creating our own products, we are going to put our best foot forward and be aggressive to acquire products from other companies and in some cases acquire part of or all of those companies that will be immediately accretive with regard to revenues and profits. Organic growth is one strategy, but adding acquisition targets to the mix, if completed successfully, could show immediate gains in all of the financial key indicators for Rapid Fire Marketing.
Stock Structure
One thing that makes Rapid Fire Marketing is the liquidity of our stock. The market cap is usually between $2 and $2.5 M but the value is in the liquidity of our stock. We have no near-term plans or desire to reverse split the stock. We can accomplish all we want and need right where we are. A reverse split would be counterproductive.
Management Team/BOD
I wanted to wait to get the 10K filed before any management team additions and board members were announced. We are close enough to getting the 10K off to the SEC that I will start making announcements regarding management team additions and board members within the next few weeks. We will bring in management that complements our dual pronged strategy of organic growth and accretive acquisitions.
Regards,
Tom Allinder
CEO
Post to Facebook
Way too much manipulation. Very few make a lot of money like in the sub prime mortgage crisis, greed and deceit taking money mainly from the hard working folks...Hope you (the one who said 126 trillion in assets) are one of them...