Yes, very nice to see the Q2 report on OTC markets

Yes, very nice to see the Q2 report on OTC markets site. I think that filing was needed for investors to get a much better up-to-date handle on what is going on with the balance sheet. There were many positives that I could see in the finances. I think one of the biggest positives was how management so aptly balanced the quarterly operating costs with the quarterly operating funds raised via financing; it only left a couple hundred dollars in the the black after costs were subtracted from funds. The quarter was very well balanced as far as accounting and fiscal management.

The other big positive is that finally after years of RFMK being in debt and having a ton of liabilities, there is no longer ANY debt or ANY liabilities on the balance sheet!! The assets are just over $300,000 and there is some amount of inventory of not only CannaCigs but also old Bionic cigs.

The filing clearly spells out how many preferred shares were converted in 2011 and how many have been issued up until about June 30 2012. The current restricted shares counted at about 327M are all of those converted pref shares and for 2012 so far about 11M have been issued, so with the 30:1 conversion rate, that is approximately another 330M common shares coming into the O/S which at the June 30 2012 end period was just under 1B shares. There are posts of posters stating that the T/A most recent numbers are for an O/S of about 1.15B shares so already since the end of that period, in the last few months, about ~190M of those 330M have been converted to common shares, therefore I only count about 140M still left to go which means by the end of the year the O/S could possibly get to about 1.3B after all is said and done. This does not paint an end of the world scenario for shareholders as the bashers would have us believe. The O/S is already at about 1.15B and it could get up to 1.3B by the time we see the stock uplisting to the OTCBB, possibly by the end of the year, so that is only about a 12% further dilution from current levels which is practically negligible. On top of that, even though the projected EPS figures would necessarily move down by about 12%, those shares would be restricted for another year so the selling would not happen any time this year. I think all of this pretty much ends the dilution arguments that the bashers keep on using day after day, talking about hundreds of millions of more shares to come, it just is not true, read the filing and compare those figures to what the T/A is stating as of today.

No wonder the stock made great gains today, the Q2 showed some rather decent positives. Also management has already stated that since the end of Q2, the revenues have been rolling in so Q3 and Q4 should look much much better, especially now that the company is no longer in any debt whatsoever! The only negative one could possibly come up with is the difference between the 2011 six month revenue figure of $50k versus the 2012 six month revenue figure of only $2k, however its comparing apples to oranges because those 2011 revenues were from MCM harvest consulting and the company is no longer using that business model. The CannaCig business has completely ramped up all throughout 2012 and now finally for Q3 and Q4 it looks like everything is squared away and ready for major business and money making, raking in those revenues. Not to mention this paves the way for the 10K which paves the way for the audit which paves the way for the uplisting!

GLTA!

$RFMK!