Interesting, OTC BB Journal with a snippet about RFMK may lead to increased volume.
I think the CEO needs to really resolve the matter of the DTC chill though because there are quite a few
online brokerages of whom do not allow their clients to trade a penny stock which has a DTC chill and most
of the volume which typically occurs in these kinds of PK stocks consist of traders and investors from those online
brokerages.
The $50,000 influx of funding from Ironridge every month for RFMK is a great benefit for the company but IMO the efficacy
of the funding arrangement could be much much better if the stock could see much higher volumes (typically causing higher share prices) which can really only happen if those brokerages allow their clients access to trade the security on the PK exchange. Another solution would be to uplist to the OTCBB but the CEO would need to follow through with audited financials and a 211 form to FINRA which was promised to shareholders over a year ago. None of those corporate goals seem to be getting accomplished by this do nothing lame duck CEO, so I guess we'll see what happens. All I can say is that the primary goal for most PK CEO's is to minimize the shares which need to be diluted in order to raise acceptable cash for operations which in turn means that the share price is kept at a maximum while funding is ongoing so that the downward dilution spiral toxic funding death trap does not take hold. However the PPS can really only be kept at a decent level if there is a healthy level of activity in the stock on a daily basis. That can only happen if there is ongoing interest by the penny stock trader/investor community and that does not happen if they cannot buy/sell the security and/or there is never any corporate progress or news/updates showing positive catalysts for the company. It almost seems like this CEO has just let the company stagnate while investors lose money month after month, year after year until they finally have had enough and never will invest in the company ever again. IMO not a very wise long term strategy for a penny stock CEO of whom thinks the most significant advantage the company stock possesses is it's "liquidity". Vast number of shares in the O/S is wonderful so long as there is some following and demand for the supply of shares out there but with hardly any PK traders/investors caring anything about what huge developments this CEO purports is coming soon, I cannot imagine anyone with half a brain would think that a funder could continue to keep a PPS at a decent level as they dump newly issued shares (as per the funding agreement) amidst a stock wherein the base has left for good. Penny Stock CEO Do's and Don'ts 101: do not allow a DTC chill to persist for years while the O/S is doubled and then doubled again while insiders are given most if not all the money raised by the company in a year period while reporting a pathetic $6,000 in sales while ordering hundreds of thousands of units with very limited immediate demand for the product caused by no marketing campaign, because, it may cause the stock to become incredibly illiquid which attracts jackals and does not allow your funder to cash-in shares via the market while keeping the price supported, which leads to a toxic debt spiral collapse and market manipulators to be allowed to take your company stock to the cellar which burns investors and there will be little to no base of supporters from then on. Hope Mr Allinder is proud of his performance as CEO, I cannot imagine many investors are happy with the sad state affairs this company finds itself in.
Do or do not, there is no try.
GLTA
I think the CEO needs to really resolve the matter of the DTC chill though because there are quite a few
online brokerages of whom do not allow their clients to trade a penny stock which has a DTC chill and most
of the volume which typically occurs in these kinds of PK stocks consist of traders and investors from those online
brokerages.
The $50,000 influx of funding from Ironridge every month for RFMK is a great benefit for the company but IMO the efficacy
of the funding arrangement could be much much better if the stock could see much higher volumes (typically causing higher share prices) which can really only happen if those brokerages allow their clients access to trade the security on the PK exchange. Another solution would be to uplist to the OTCBB but the CEO would need to follow through with audited financials and a 211 form to FINRA which was promised to shareholders over a year ago. None of those corporate goals seem to be getting accomplished by this do nothing lame duck CEO, so I guess we'll see what happens. All I can say is that the primary goal for most PK CEO's is to minimize the shares which need to be diluted in order to raise acceptable cash for operations which in turn means that the share price is kept at a maximum while funding is ongoing so that the downward dilution spiral toxic funding death trap does not take hold. However the PPS can really only be kept at a decent level if there is a healthy level of activity in the stock on a daily basis. That can only happen if there is ongoing interest by the penny stock trader/investor community and that does not happen if they cannot buy/sell the security and/or there is never any corporate progress or news/updates showing positive catalysts for the company. It almost seems like this CEO has just let the company stagnate while investors lose money month after month, year after year until they finally have had enough and never will invest in the company ever again. IMO not a very wise long term strategy for a penny stock CEO of whom thinks the most significant advantage the company stock possesses is it's "liquidity". Vast number of shares in the O/S is wonderful so long as there is some following and demand for the supply of shares out there but with hardly any PK traders/investors caring anything about what huge developments this CEO purports is coming soon, I cannot imagine anyone with half a brain would think that a funder could continue to keep a PPS at a decent level as they dump newly issued shares (as per the funding agreement) amidst a stock wherein the base has left for good. Penny Stock CEO Do's and Don'ts 101: do not allow a DTC chill to persist for years while the O/S is doubled and then doubled again while insiders are given most if not all the money raised by the company in a year period while reporting a pathetic $6,000 in sales while ordering hundreds of thousands of units with very limited immediate demand for the product caused by no marketing campaign, because, it may cause the stock to become incredibly illiquid which attracts jackals and does not allow your funder to cash-in shares via the market while keeping the price supported, which leads to a toxic debt spiral collapse and market manipulators to be allowed to take your company stock to the cellar which burns investors and there will be little to no base of supporters from then on. Hope Mr Allinder is proud of his performance as CEO, I cannot imagine many investors are happy with the sad state affairs this company finds itself in.
Do or do not, there is no try.
GLTA
