Replies to post #80276 on Rapid Fire Marketing Inc. (fka RFMK)

[crowin]

Again where has the Millions of Dollars of RFMK dilution over the years gone too?

Real start up company's are accountable to shareholders !

RFMK chooses not to be!

[GrandSlamit]

Just wondering if you might know of a better way to finance the start up

how are they supposed to run the company?

FEB 7th 2012 - Over the last several days the stock of our Company has taken a severe beating. Our market capitalization has been greatly reduced and shareholder value has taken a big hit.
High volume and tanking of the stock has been traced back to the most recent funding the Company did which was for 20 million shares. Rapid Fire Marketing has dealt with this particular funder before and they were generally cooperative in the agreement to sell shares only on high volume days and liquidate small amounts at a time.
However, this time, this particular funder was wholly uncooperative. A total of well over 100 million shares were traded (mostly sold) in the interest of getting out of their position quickly.
In correspondence with the funder late yesterday they acknowledged that they were out of their position and wanted to know if we wanted to do another round?
The Company’s response to this was negative. We will never deal with this funder again.

It is our goal to get the Company into a cash flow positive situation as quickly as possible. We do not anticipate doing any more fundings unless absolutely needed. We believe the sales of CannaCigs which we are working on now combined with increasing our client load with regard to consulting will enable the Company to operate free of the need for additional fundings via sales of stocks to private investors or funders.

A big part of the need for recent funding was to purchase enough materials to produce a significant number of CannaCigs. We have enough funds to finish the first round of production. The second and subsequent rounds of production are expected to be financed through revenues achieved through first round sales.

Tom Allinder

http://rapid-fire-marketing.com/shareholder-update-for-rapid-fire-marketing-7-february-2012

[kenco]

"a better way to finance the start up of a non reporting publicly traded company"

How about starting with a loan against, or outright sale of the $300K worth of realestate and vehicle holdings that RFMK is carrying on their books, but then Tom isnt a finance or operations skill guy, his expertise is a penny stock promoter