Nice article
Meanwhile, Rapid Fire Marketing (PINK: RFMK) owns two subsidiaries inBionicCigs.com, a retailer of electronic cigarettes; and Medical Cannabis Management (MCM), a company providing marketing, consulting and management services to the medical cannabis industry in California. Back in April, Rapid Fire Marketing provided an update about its plans to go from a non-reporting OTC company to a fully reporting one along with its plans for growth. Rapid Fire Marketing could use some growth as its reported revenues of $0.05M (2011), $0.06M (2010), $0.05M (2009) and $0.03M (2008) for the past four years; net losses of $1.19M (2011), $4.00M (2010), $0.25M (2009) and $2.91M (2008); and had $0.07M in cash to cover $0.08M in total liabilities. So at least Rapid Fire Marketing is not loaded up on debt but its also probably diluting shareholders to stay afloat. On Wednesday, Rapid Fire Marketing rose 9.09% to $0.0012 (RFMK has a 52 week trading range of up to $0.03 a share) for a market cap of $896,302 but the stock is down 64.7% since the start of the year, down 81.2% over the past year and down 99% since early 2009.
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