Yep, I have to agree with you there Disher, the financial report was abysmal. Spending $50,000 just on consulting, $200,000 on 'administrative' expenditures and diluting over the year with over a million shares for 'services rendered' while only selling roughly $3,000 worth of product does not make Mr RFMK Investor very proud. Yikes!
Of course, they have only just started to begin an advertising campaign, so IMO product sales will ramp up over time (hopefully) but then also expenses will accrue. I think it is disingenuous to post a accumulated shareholder deficit in the millions of dollars and an increase to the figure year over year by hundreds of thousands yet only post the 'total liabilities' as under $50,000.
I am sure investors appreciate some transparency, as was given in the latest filing, but seriously, we need real reasons why this company is FAILING to turn a profit with a real product and a real website. Get on it! Market and sell the product!
Get 'r done!
There was really no statements admitting any failures on managements part and that is suspect IMO as well as dissapointing.
While I agree with some posters that if you simply consider the stock a vehicle for trading the 'MMJ' 'market' then surely with news events of Prop19, etc, this stock will indeed have future spikes and fluctuations so there will be good opportunities to sell and the current pps looks to be a decent range to buy in right now, I think that fundamentally this company leaves a lot to be desired. Indeed, hopefully MCM can turn the business around, we need to start seeing actual progress and revenues.
GLTA!
GO RFMK!!!!!!!!!!
AI
Market Data 
Markets 
