Posted On: 09/04/2013 7:36:17 PM
Post# of 11899
Yes, GotVape has never displayed the CannaCig product on their website but back when they had inventory I believe it was accessible for retail consumers via calling in to GotVape and ordering over the phone. I have no idea if GotVape still has any CannaCig or Cumulus units but I believe their intention has always been to be a distributor (wholesaler) for RFMK. There was a lot of to do over GotVape on the message boards and some screeching about how unfortunate for RFMK it was to not have the units available on the main site. I would agree that it would have potentially lead to better sales numbers if the units could have been directly featured on the GotVape site, however, IMO it was not a disaster that they were not. Me thinks GotVape was testing out the distribution and supply chain for themselves so maybe they could in-turn have their own distributors sell the product at stores and online, not them directly. I think there is a lot of confusion about the role of RFMK and their business model. I think management themselves are not even absolutely sure how they intend to move forward. Either this company is to be a pure manufacturer of ecig devices OR it is a company which will design, create, produce AND SELL the devices. I myself have complained about the lack of sales/revenues because of no marketing and ad-spend, however if they are to be only an ecig manufacturer then these points are moot. If they intend to be an ecig maker only then they need to get this new dry herb device launched officially and get some distributors to sell it out into the market. Plain and simple. It would be nice for marketing/sales etc to see it on high traffic sites like GotVape but really that is an indirect correlation. Obviously, distributors like GotVape would order a greater number of units from RFMK if there was higher demand but initially, the company needs to focus on product design and quality of concept and the performance of the device itself. If it is truly a game-changing device and everyone loves it and it is head and shoulders above the rest, then IMO the sales to distributors (in bulk) will come eventually. If they plan to market to the public directly then I think there needs to be a lot more focus on online sales and marketing efforts than we have seen thus far. All just my opinions.
The question for shareholders is WHERE is this alleged dry herb device???!!! We all should realize that there were supposedly a few design flaws that they needed to work through with HexCorp, however, just like the alleged 10K, audit, chill and uplisting, these so far are ALL mere promises; nothing has been realized for months and months. At the same time, I would actually rather see the CEO say nothing if nothing is happening yet. If things are in the works but it is just taking a long time to get a great quality product launched then I think all investors would surely understand and in that case it is actually more professional to just be silent and let all those in the peanut galleries stress over how much of a fraud they think is this company. Better to wait once realized actual accomplished goals are met to announce developments and news than to keep stringing along the public with fanciful talk of great things to come when really it is unclear exactly when they will happen. It's another story entirely if this has all just been another pinky scam ruse by a penny stock tout but I seriously doubt that it is, though, anything is possible in the penny scum swamp, as they say. Some seem to rant each and every day about how the dilution over the last year is proof enough that this was and always has been a scam and that there is no upcoming product, no inventory, nothing, just hot air, but I do not see the proof backing up such claims. The dilution in and of itself is not enough to claim that this company is just another penny stock scam. Sure penny stock scams dilute heavily, that is how they bilk investors out of money, however this company has used dilution to fund product design/production as well as getting out of debt (look at the balance sheet, in comparison with other pinkies, its a rather strong balance sheet). That said, I still think the $500k to a company insider needs to be explained by management immediately. Roughly 25M shares, or about 1% of the shares in this company have "traded" to take the stock down over 40% in the last few trading sessions. I have been called many things on the boards, ranter, pumper, clown, etc, but I cannot imagine anyone could claim that 1% of the shares in the company cutting the market cap in half in a few days time in any way reflects true price discovery in the trading of the stock. What we are witnessing right now is all just a fanciful mirage, it means absolutely nothing, despite what the so called penny stock experts will claim. BTW, all the daily short interest data and reports from FINRA they always parrot as being meaningless is actually the only real set of meaningful data the public has access to. It is quite simple, it shows exactly how many shares are shorted every day in comparison to the total daily volume. Nothing more, nothing less. Very simple. They don't want anyone focusing on those figures because they know to a trained eye one can figure out over time how much the daily PPS is getting manipulated; take note that the only thing most penny stock day traders care about is the spot PPS and not many traders are holding positions day after day for weeks and months in these stocks. So as long as the manipulators can push the PPS to the levels for which they have the greatest control of the stock (should heavy volume come on news) the greater the likelihood they can front-run news and artificially pump the stock to certain levels they ahead of time already know will not be exceeded and so they are guaranteed to be able to accumulate at low prices and dump it all at the top. This is what creates such a preponderance of the pump and dump (spikes and troughs) we see so often on the penny stock scum swamp market. Sure, shady CEO's abound however, there exist many critters in the scum swamp contrary to what the daily paid shorty bashers would have you believe. Just my two cents, AIMHO, of course!
The question for shareholders is WHERE is this alleged dry herb device???!!! We all should realize that there were supposedly a few design flaws that they needed to work through with HexCorp, however, just like the alleged 10K, audit, chill and uplisting, these so far are ALL mere promises; nothing has been realized for months and months. At the same time, I would actually rather see the CEO say nothing if nothing is happening yet. If things are in the works but it is just taking a long time to get a great quality product launched then I think all investors would surely understand and in that case it is actually more professional to just be silent and let all those in the peanut galleries stress over how much of a fraud they think is this company. Better to wait once realized actual accomplished goals are met to announce developments and news than to keep stringing along the public with fanciful talk of great things to come when really it is unclear exactly when they will happen. It's another story entirely if this has all just been another pinky scam ruse by a penny stock tout but I seriously doubt that it is, though, anything is possible in the penny scum swamp, as they say. Some seem to rant each and every day about how the dilution over the last year is proof enough that this was and always has been a scam and that there is no upcoming product, no inventory, nothing, just hot air, but I do not see the proof backing up such claims. The dilution in and of itself is not enough to claim that this company is just another penny stock scam. Sure penny stock scams dilute heavily, that is how they bilk investors out of money, however this company has used dilution to fund product design/production as well as getting out of debt (look at the balance sheet, in comparison with other pinkies, its a rather strong balance sheet). That said, I still think the $500k to a company insider needs to be explained by management immediately. Roughly 25M shares, or about 1% of the shares in this company have "traded" to take the stock down over 40% in the last few trading sessions. I have been called many things on the boards, ranter, pumper, clown, etc, but I cannot imagine anyone could claim that 1% of the shares in the company cutting the market cap in half in a few days time in any way reflects true price discovery in the trading of the stock. What we are witnessing right now is all just a fanciful mirage, it means absolutely nothing, despite what the so called penny stock experts will claim. BTW, all the daily short interest data and reports from FINRA they always parrot as being meaningless is actually the only real set of meaningful data the public has access to. It is quite simple, it shows exactly how many shares are shorted every day in comparison to the total daily volume. Nothing more, nothing less. Very simple. They don't want anyone focusing on those figures because they know to a trained eye one can figure out over time how much the daily PPS is getting manipulated; take note that the only thing most penny stock day traders care about is the spot PPS and not many traders are holding positions day after day for weeks and months in these stocks. So as long as the manipulators can push the PPS to the levels for which they have the greatest control of the stock (should heavy volume come on news) the greater the likelihood they can front-run news and artificially pump the stock to certain levels they ahead of time already know will not be exceeded and so they are guaranteed to be able to accumulate at low prices and dump it all at the top. This is what creates such a preponderance of the pump and dump (spikes and troughs) we see so often on the penny stock scum swamp market. Sure, shady CEO's abound however, there exist many critters in the scum swamp contrary to what the daily paid shorty bashers would have you believe. Just my two cents, AIMHO, of course!
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