InvestorsHub Logo
Followers 201
Posts 14688
Boards Moderated 0
Alias Born 11/03/2010

Re: None

Friday, 08/19/2011 9:31:59 AM

Friday, August 19, 2011 9:31:59 AM

Post# of 141733
Email from RFMK about what is going on here:

"I have managed to figure out what is going on...

A group that financed the Company a year ago was compensated in restricted stock. That stock is now free trading after the 12 month hold. It is my understanding that they are at nearly out of their entire position. I have made contact with them and requested in a persuasive way that they sell the remainder on offer and stop the bid whacking. It is my desire to see all financiers and debt buyers out of the way on RFMK so that our positive developments are not used as opportunities to sell large positions of stock.

Tom"

-Disher
Join InvestorsHub

Join the InvestorsHub Community

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.