That is my plan as well Matty. I have been accumulating ever since the quarterly report came out but then paused when I noticed yet another small increase in the O/S however it appears the dilution has stopped for now so it very well could have just been pref share owners converting to common and selling to get original investments back. Typically the MMs will see such activity and take the pps way down because they know the buying volume (pressure) is already low because of the trade for trade restriction and the low visibility of the RFMK stock; many pink sheets traders and investors are not even yet aware of RFMK. When thousands of pink sheets or OTCBB traders are made aware of the positive fundamentals in RFMK, I think the buying volume could go through the roof, tens or even a hundred million share volume days and into penny land, just my opinion. With such demand for shares, the MMs would run it up fast.
From a valuation standpoint, the current $0.0012/share is just ridiculous. If we make two very conservative assumptions, one of which that the company eventually suffers annual costs that are equal to the revenue (breaking even only), and second that the annual revenues are a mere drop in the bucket of $0.00012/share to produce a pps of $0.0012 after applying a P/E of only 10. With EPS at $0.00012/share, the company would therefore pull in annual revenues of about 0.00012 * 1.1B = $132,000
This is obviously retarded. The company should easily be able to pull in $33k per quarter from all the income streams including the sales of the CannaCig. The webstore and the two retail outlets will be selling the CannaCig. Assuming only the sales of the CannaCig was the companys only income stream, each outlet would need to make only $11k per quarter, which is $3,666 per month. Selling $100 units, this means each day ONLY about one unit would need to be sold by each of the existing sales outlets, and assuming the company cannot profit and only break even, then along with an extremely conservative price to earnings multiple, the market is pricing these future projections at $0.0012/share. If you happen to think that each outlet could possibly sell more than a single CannaCig each day and that management could actually turn a profit by keeping costs down to be lower than sales proceeds then I would imagine that you also think the current pps of RFMK is trading entirely way too low and represents a bargain at $0.0012/share.
Just a reminder, the last time OHM was restocked with CannaCigs, they supposedly sold over 100 units in just a few days. Also the webstore has probably been building up a list of backorders. Also, management appears to have been signing many other distributors recently all over the USA and now with selling the CannaCig overseas, the demand could sky rocket. The margins are absurdly bullish for profit potential so to think that each outlet can only sell a single unit each day is also absurd. All of this by the way, does not even include other revenue streams like consulting, sales of bionic cigs, etc.
GLTA!
$RFMK!
