$RXSF The company started trading this year, they started filing to go public back in Feb of last year, S-1 filed on 2/7/14, stock commenced trading on Jan 21, 2015. There's 60 filings SEC compliant with extreme transperancy as to all the events that have taken place between then and now
They recently did a r/s and uplisted to the QB tier. Since the "D" dropped I believe on the 14th or 15th of Dec, volume has been increasing daily and the current pps represents a 245% increase since the day of the split on 11/12
Friday was the biggest volume and dollar day since 11/12 and all those shares exchanged hands between $3.10 and 4.15 with the majority of those shares over the $4 range.
Current s/s is 1.4 million o/s and 250k float.
Catalyst for the company are outlined in great detail in the ibox and stickys by the mods who have done an awesome job here getting that information to us.
IMO RXSF has the potential to become a dominating brand name that will be recognized nationwide in a short period of time within the industry and our CEO is a true leader dedicated not only to the company but the shareholders as well.
The Oct 12 PR IMO is a vital piece of information to read because the CEO goes into great detail about the business plan, explaining the split, uplisting, and discussing financing. The PR is key because you can see how she's dedicated to succeed and that what she discussed two months ago has become and is becoming reality step by step.
On Dec 15 the the company tweeted news regarding retail sales program will be out soon plus there's pending updates surrounding institutional lenders that specialize in NASDAQ up-listings and investment bankers.
Though the strongest support level is between $2.50 and $3, it can change quick because of the float and currently it looks like we are consolidating in the $4 range.
$5 is a key support level to achieve to dismiss the penny stock mentality and if we continue Monday in the same direction we have been, it should be achieved this week.
The board here is filled with experienced investors and traders and many excellent topics are being discussed and IMO everyone is right on target as to the future of the company.
Personally I would like to see the stock price continue to consolidate slowly at higher levels until "true market value" is reflected in the pps which is estimated to be around $25 to $30 million as she currently sits right now or $18 to $22 pps.
IMO there's no question that the current market cap of $5.7 million is way under the true value of RXSF and the company is definitely a prime target for an all cash buyout.
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