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.
As of 5 minutes ago!
Good Afternoon,
The share structure for Rapid Fire Marketing as of today is:
Authorized: 2,000,000,000
Total issued and outstanding: 854,828,022
Total restricted: 309,565,212
Have a wonderful day,
Mikki McGehee
Client Service
Great read SL.
This should be added as an addendum on the shareholder update stickie and stickied in one post!
Well, that is not entirely true. RFMK is completely 100 % debt free now!
I've been saying that for months! There are a handful of us that are spreading it around twitter! Slowly but surely it will spread!
Rather than crying, why dont you try to understand the logic behind it. Tom stated he raised $100,000 in proceeds from the sale of the 47 million shares. Do you know how much it costs companies to raise money throu diluting? It is very expensive, as shown here. The total proceeds of sales of the 47 million were probably over 180,000, but RFMK only received $100,000. The rest is gobbled up by fees from funders, attorneys, etc. to actually perform the service! It's not like RFMK just puts in a sell order for 47 million shares. It is super expensive to do this.....another reason Tom is trying to avoid it!
Very true. Would live for the weak hearted to sell now. Don't want any weak hands to slow us down when we start to move upwards!
Seems to me he is following through on what his goals are.
Not sure about the old guys from 5 years ago, but I don't know what they have to do with Tom.
If you have a girlfriend that won't put out, does that mean all future girlfriends will be the same?
I believe it has been. Not sure how this changes things though. They will be getting them shortly either way!
Very nice update! Can't be any more transparent than this!
First of all, I want to say thank you to all our supportive and loyal shareholders. We are working through a very busy time here at Rapid Fire Marketing. The Company is beginning to transition from a Company of ideas for products and services to a Company with actual products and distribution.
As you are aware of, last week we initiated a $100,000 funding for the Company which resulted in an issuance of 47M shares into the marketplace. This was a difficult decision for me because I hate short term funding. However, at this point we have only one way to finance ourselves which is via the short term funding solution always used by this Company.
Here is Why:
Rapid Fire Marketing is a NON-REPORTING OTC Company. Being non-reporting essentially means we have no “credit rating” with growth funders. Having no credit rating means the only funding we qualify for is highly collateralized which means selling stock to an investor at a 50% discount to the market price.
In the month or so since I became CEO, I have looked at many funders and have been contacted by many funders. None offer a better solution than what we have right now for a non-reporting OTC Company. We are stuck in this circumstance. So… we need to change our circumstances.
Knowing the non-reporting status of this Company, I started taking steps to fix this problem on day one as the new CEO.
In order to get a better funding deal, we must start the process of becoming fully reporting. This is a big process; none of it is going to be easy or particularly pleasant to go though. However, it must be done.
We have a number of funders interested in giving us the long term growth funding we are looking for IF: We initiate the process of becoming fully reporting.
Over the last several weeks, I have talked to a number of firms that perform the process of audits and filing the S-1. We have to work with the right firm in order to do this in a cost effective and expeditious manner. I have narrowed the field down to one firm in California. I am expecting the proposal from them any time now.
If their proposal is reasonable, and I do expect it to be after all of the conversations we have had back and forth, we will engage this firm to initiate the process of getting Rapid Fire Marketing to fully reporting status.
Once this firm is engaged, we can then go to several funders and get a deal done with regard to the long term growth funding we are looking for to grow Rapid Fire Marketing for not just a month or two but indefinitely.
Expenses
Going back to the $100K funding we did, here is how we are spending the money:
CannaCig 2nd round production: $30,000-50,000
Retain Firm to Become Fully Reporting: $10,000-20,000 (estimate)
Fund and get Sales Office in Los Angeles operational: $8,000
Clearing Investor Debt: $11,000 (this is the last of debt the Company owes to previous investors that funded the Company)
Start R&D of the Pocket Puffer and Power Pocket Puffer; initial outlay is $1,500…
As you can see, we are spending a lot of the $100K on things this Company needs to do RIGHT NOW.
We do expect to have a reasonably quick turnaround with a 100%+ margin on the 2nd round of the CannaCigs because most of them are going to distributors. Once that money is in, we will go to a third round and use all of the proceeds and profits to continually increase the order size.
Additionally, we are working with our producer to decrease the production costs of the second round. Any reduction in costs will add to our margins… Also bear in mind that we had some minor issues with the first production round; all of these issues have been resolved and when the 2nd round of CannaCigs come in, they will be ready to ship off to distributors without delay.
Obviously the CannaCig is a major part of our business here at Rapid Fire Marketing. I am so thankful to have Judah Neiditch to work with at Otherside Health Management. His hard work, 7 days a week, has made this whole business possible. I cannot say enough about his efforts and the results he has produced for this Company.
Going Forward…
If we are able to retain a firm to begin the process of getting fully reporting and if we are able to get a long term growth funding, it will completely change timelines and strategy of this Company. I am confident we will achieve both objectives.
With regard to moving toward getting fully reporting and getting long term growth funding, it does not happen overnight. I have been working every day including weekends to realize these two objectives. While there are some investors that think I am a Genie and all I have to do is cross my arms over my chest and make funding and fully reporting status appear instantaneously, most of you understand what a big endeavor this is.
As long as I am the CEO of this Company, I will continually work to turn this into a REAL COMPANY. I have been in the micro caps for well more than a decade and I am sick of the micros. Once we are in the process of becoming fully reporting, the next process will be to file the 15c211 to move to the OTCBB.
REAL COMPANY
Another part of being a real company is having a management team and board of directors. I have talked about this before. In order to be viewed as a real company, we need to be structured like a real company. The days of having one officer and one employee will soon be a thing of the past.
I am interviewing individuals for management positions as well as board of directors appointments. I have already made the first appointment to the board of directors. The name of the individual will remain undisclosed for now; reason being that publication of names of management team members and board of director appointments will complicate and delay the S-1 filing. Be assured that anyone that I select will be highly qualified and will have the same vision that I do which is substantial growth of this Company.
Within the next few months Rapid Fire Marketing will undergo substantial changes and begin to look and run like a real company.
Becoming fully reporting having a growth funding in place, having a management team and a board of directors will greatly ease the process of getting our full DTC eligibility back.
We have much work in front of us… But, we are going to work through every task and get this Company where it needs to be.
CARSON CITY, Nev., April 17, 2012 /PRNewswire via COMTEX/ -- Rapid Fire Marketing RFMK -2.63% announced today that an update for shareholders is available on their website. This update comes from CEO, Tom Allinder. In the update, Allinder covers funding, second round CannaCig production, the process of taking Rapid Fire Marketing from a non-reporting OTC company to being fully reporting and plans for growth for the Company, its management team and board of directors.
"It is a long update but we have a lot going on with Rapid Fire Marketing right now. Changes are occurring quickly and investors need to know exactly what we are doing to grow this Company. I am in process of building an investor presentation at this time which will cover even more details," said Tom Allinder, CEO of Rapid Fire Marketing.
"In my opinion, this Company needs to achieve some objectives quickly. We need to make major changes in this Company to realize the growth we have the potential to reach short and long term. We are in the process of making those major changes," Allinder said.
Safe Harbor:
From time to time, the Company may issue news releases that contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statement provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact and may be "forward-looking statements." "Forward-looking statements" are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those anticipated.
SOURCE Rapid Fire Marketing
Copyright (C) 2012 PR Newswire. All rights reserved
They tweeted it out to their 7,000 followers!
Legally? No, you are Ohio resident and it's illegal in Ohio.
You can do nicotine or just flavored juice though if you get one when it's available online!
Green Leaf has centers in California, Washington, and Oregon as well. If that's the same company, I know for a fact that they have contacted RFMK about the CannaCig distribution. Not sure what came from it, but they were in contact!
SAVOY (@SAVOY)
4/16/12 4:25 PM
Just bought a cannacig... They say it's better for you
Would love to hear what LilBirdy has today about the last few weeks of action, since he has been unable to share his thoughts here!
2.8 million shares shorted today!
Wasn't around to see all the action today, butit looks like it ended the day with positive momentum? Until of course the $1 paint job! Looking forward to seeing what tomorrow brings.
Looks like perhaps Tom was still unloading some of those shares that were added to the OS the other day!
Good Afternoon,
The share structure for Rapid Fire Marketing as of today, April 16, is:
Authorized: 2,000,000,000
Total issued and outstanding: 854,828,022
Total restricted: 309,565,212
Have a good evening,
Mikki McGehee
Client Service
There are two places confirmed by RFMK, which are OHM and Tabu.
Anything else is speculation and outside DD, such as WeGrow, a dispensary in AZ has individually confirmed they will be carrying it. But we have not heard any confirmatn from RFMK. Take it for what you'd like. I'm sure there are many, many retail outlets that are in the process of getting this to sell.
If the PPS held up with 50 million shares of sellin (dilution) pressure, I think we will be seeing an upswing now that that's over!
Who is going to sell to get down there? If its in your opinion, then you are suggesting you are going to sell, or you believe there is enough info out there justified to sell?
I don't see it.
Of course that will change, but it's good to see where some of those MM's are lined up!
Let's see if we can grab some of this momo back this week. That selling pressure should be over now and any buying pressure could start a nice upswing!
WeGrow Deliveries (@WeGrowAz)
4/14/12 4:26 PM
Couple more hours at work then we goin to @othersidehm #cannacig
This is from the AZ dispensary LL8 had been talking about!
There is a new picture of the CannaCig on the vinhaler website. Looks like they are getting professional photos done for a full marketing roll out. At least that is what it looks like to me. It isn't just some random photo, It looks like it has been edited and professionally done!
Funding will not be complete until an audit is done on the company. Just makes sense. If the audit company is chosen, they could complete the audit within a week or two! I'd guess for a public company, this could cost anywhere from $7500-15,000.
I'd say funding won't be done until then! They don't want to be looking at some crappy financials. They want GAAP approved, CPA signed off financials.
The funders are going to want to see this company is on the way to legitimacy. Which means fully reporting.
One great thing with this is that perhaps they are able to get non dilutive financing by doing all this, which would be well worth it for everyone involved!
Yeah, especially when the story is coming true right before our eyes! Slowly and surely, everything that he has stated is coming to fruition!
I guess we just have to sit back and relax! Let something develop!
Perhaps someone will lose their patience, sell, and that will let NITE do what they have to do before letting this run! I think they are still looking to either cover cheap or accumulate down here.
Hopefully someone obliges him.......but it won't be me!
Perhaps this is a case where sarcasm doesn't come across on a message board, as I can't tell if you are serious!
Surely you know, most retail outlets have one unit on display and the rest under the counter or in the back storage room! How rediculous would it look if the stacked all the units up on the shelve, like Walmart!
Are you asking people if you should feel positive about your investment?
Where did this 12 unit number come from?
I contacted her the day that article came out. She said she was planning on getting together with Tom to talk to him. Tom never dropped her name to investors.
Everybody just needs to realize this will rise again! Hold tight and wait out the games. It's a little frustrating to see this dip, but it is par for the course. This signals the start of a huge run about to take place!
The only way they are going to get selling volume today is if they keep shorting it!
Nobody in their right mind is selling at this point!
$RFMK
The CannaCig can cure siphillis!
Awesome! Great product demand. That will do a lot to show potential in any funding meeting they have!
I still cant believe the short numbers today! The PPS wasn't going anywhere today! Why would they feel the need to throw more short shares out there to close it even?
BURN BABY!
Oh boy! I knew something had to be up with that huge surge. Spent most of the day very quiet until they ran it down makes a lot of sense!