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I agree. After management finishes the document, they will pass it on to the auditors who will take some amount of time verifying it; possibly longer than a week. Then once it gets to the SEC, it will take a few weeks for them to validate it and allow it to be officially filed for the public. Based on the fact that management told us recently they were still working on it, I do not think the timeline is going to be able to get it publicly filed in time for the Nov 6th elections.
The election momo should still give a lift to all of the MJ stocks but I think this was a big missed opportunity by management so it is somewhat dissapointing; needed to get that 10K complete and submitted to the auditors and SEC back in early Sept, then perhaps it would have been Ok'ed by the SEC by now. With the 10K filing in the bag, I would imagine that a greater number of investors would have looked at RFMK and jumped in because of the level of transparency. That can still happen in future months but the wave of new investors for MJ stocks is happening already and in the coming weeks so IMO its a missed opportunity. Even forgetting about the missed timings, more than that, long shareholders who have stood by management and the company for months and years need the level of transparency which the 10K provides. It is time shareholders who have taken it on the chin with a year of massive dilution (albeit for the good of the company and growth) get some transparency with a proper 10K filing. Shareholders are owed that much. Two and a half months ago management told us "weeks, not months", so this massive delay has been somewhat concerning. I do however like the fact that if it must be a choice between quality in the transparency versus rushing it just to meet deadlines then its a good sign that managment makes the right (hard) decisions to err on the side of quality rather than prompt timing. In the end, we need sales and revenues, along with full reporting and transparency, so for shareholders sake, hopefully it all comes by end of year.
GLTA
$RFMK!
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