Posted On: 09/28/2013 9:32:15 PM
Post# of 11899
Scout, sorry, but yes, I do agree it has been rough for long term shareholders. But I would say that "DD" does not guarantee that the CEO is actually going to deliver on promises made. I would imagine that every shareholder did perform his/her DD on RFMK and whether it was good DD or bad DD does not change the fact that it is the CEO who has failed and brought down the company and stock. I know I did my DD on RFMK and I concluded that it had a lot of potential, I still think great things could be accomplished which could give bring shareholders a lot of value but while I knew there was risk inherent to any management team, I don't think anyone could have known for certain that this VEO would just not get any of the goals accomplished. Were they all lies all along? Who knows but I think that net net Cheryl did a great job as celebrity and social media director. She got so much done and gave the company and product so much exposure and the CEO failed to use that momentum to capitalize. I still am of the opinion that the CEO should step down and Cheryl should lead the company.
If indeed great things are coming and the CEO finally delivers on promises made this year then I will be very glad for shareholders but at this point I will believe it when and IF I see it.
Frankly it does not take multiple years to complete a standard audit, especially for a tiny micro cap company bringing in a couple thousand dollars in sales. At this point nothing can elaine the delays IMO other than what appears to be a situation in which the CEO may have had plans and goals but put them out there in PR's before they were even getting started, and that's the nicest way to put it, others may simply just use the term, "LIES", which of course is more than unfortunate for shareholders, if true, it would open up the company to shareholder class action lawsuits.
I think Cheryl has shown herself to be a star and it is too bad that this lame duck CEO could not keep up and ride the momentum she created. This new dry herb device better be all it is souped up to be because without an industry game changer, I don't see how RFMK can go anywhere with what little sales they have.
Come on Mr Allinder, bring out the new product, it does not have to be perfect, just good enough to drive some distributors into contracts so this company can finally begin ramping up decent sales and revenues. Even if nothing else I think basic transparency with audited filings could go a long way, as well as removing the DTC chill.
GLTY
If indeed great things are coming and the CEO finally delivers on promises made this year then I will be very glad for shareholders but at this point I will believe it when and IF I see it.
Frankly it does not take multiple years to complete a standard audit, especially for a tiny micro cap company bringing in a couple thousand dollars in sales. At this point nothing can elaine the delays IMO other than what appears to be a situation in which the CEO may have had plans and goals but put them out there in PR's before they were even getting started, and that's the nicest way to put it, others may simply just use the term, "LIES", which of course is more than unfortunate for shareholders, if true, it would open up the company to shareholder class action lawsuits.
I think Cheryl has shown herself to be a star and it is too bad that this lame duck CEO could not keep up and ride the momentum she created. This new dry herb device better be all it is souped up to be because without an industry game changer, I don't see how RFMK can go anywhere with what little sales they have.
Come on Mr Allinder, bring out the new product, it does not have to be perfect, just good enough to drive some distributors into contracts so this company can finally begin ramping up decent sales and revenues. Even if nothing else I think basic transparency with audited filings could go a long way, as well as removing the DTC chill.
GLTY
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