Right there with you Meadhead. How many times over the past three months have the opinions been RFMK going over a .01, RFMK going to 0.10, see you at .25 - Only to be wrong - As very time RFMK disappoints those hoping for such high and lofty expectations.
Well IMO there are reasons for this RFMK lack of bounce and the reasons are embedded directly into the actions or lack of actions and direction by RFMK Management such as:
Dilution - Oh yes Tom has stated that this is not in the cards but people IMO RFMK gets a spike in PPS and watch out just as RFMK pulled this same stunt back in Early Feb. 2012 so it will happen again with a PPS spike. With 2 Billion shares sitting in the A/S and currently 807M in the O/S - Do you ya really think that RFMK will sit on 1.2 Billion shares as it starves for additional funding.
Funding - As they say one hand washes the other; Dilution = Funding = RFMK shareholder looses value. Currently no committed funding in place; alot of talk - but again and IMO talk is cheap and once the options have been declined the funding hand will be reaching out the diluting hand again.
Lack of Execution - Just look how long it took RFMK to get this limited sample of product to the shelf. Starting back in January with a RFMK PR stating "IMMEDIATE" to March stating by the EOM - both failed. The point RFMK IMO provides going forward statements to assist in building up the excitement ; in turn prop up the PPS; in turn to..........well same-mo, same-mo - hit the O/S for some "immediate" $$$ back to RFMK?
Valuation- Currently RFMK is valued at $4M, based on a Chinese product in very limited supplied with a promise of "Alot" more coming but by a company "RFMK" that has no committed funding.
Business Plan - IMO just the above outlines the lack of focus and credibility behind this RFMK business - a business plan that even RFMK has yet to provide detail to the RFMK shareholder.
Today IMO again RFMK petters out at best .0058-.006 and then settles back again to the same pattern as the past two months of trading. Still good for a flip trade but not yet IMO to become a RFMK bagholder.
AIMHO
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