Every journey begins with a single step.
Pleasing it is to see that the CEO has stepped up and has taken the effort to become fully reporting, seriously. I myself had my doubts as many did because it has been merely talked about for over a year, but, it appears to actually be a reality, so IMO that fact is very good news for shareholders. Obviously, the single best builder of shareholder value is the prospect and the successful ramping up of SALES and REVENUES, however, micro cap start-up businesses need to begin somewhere and what better prerequisite corporate goal to have other than to get fully reporting. I believe the transparency brings immediate shareholder value and trust to the organization. I imagine the 24/7 bashers are scrambling to find new ways to spin the new information in the filings to the negative, but IMO it matters not, the sheer fact that RFMK is indeed becoming a fully reporting company is HUGE for shareholders.
It appears that the audit firm ( Pyrenees Investments, LLC ) is legit and has performed many SEC filing audits for other larger companies. Much can be gleaned from the Form 10 filing and likely filings to come. For instance,
" Rapid Fire Marketing expects delivery of an initial supply of 2,300 units of the dry vaporizer which will be trademarked and patented upon completion of the final working prototype which is expected in October, 2013 ." .
Possible uplisting once the Form 15c211 is filed?! Hmmmmm...
There is information about all aspects of the business, finally shareholders can see under the hood of the company. No matter how some decide to spin the filing(s), the fact is that this is a very positive sign for RFMK and the CEO.
"The Company has a commitment for $1,500,000 in financing from Ironridge Global, an international fund, in the form of preferred equity purchase. To date we have received $250,000, or 5 tranches,, with approximately 25 subsequent monthly tranches remaining of $50,000, or $1,250,000."
The question is not how much more dilution will the IronRidge funding entail but how much value can be derived from the growth this company could experience from the influx of so much funding; $50,000 per month for multiple years! There will likely be dilution, that is known, however the primary unknown for investors is how much of an opportunity there is in owning the stock over the long term based on the prospect for growth given that this company has been receiving very strong funding and will continue to receive a healthy level of capital inflows each and every month.
The bashers should read the section in the filing labeled, " Involvement in Certain Legal Proceedings", and come to the realization that no matter how much mud from the scum swamp they think they can whip up, the spin is just smoke and mirrors, and now investors can see for once and for all that RFMK is not a scam and that none of it's insiders, president/CEO, company executives, etc, have had any legal issues, whatsoever. That is fact, deal with it, and come up with some new stories we can laugh at.
The link to the Form 10 in the SEC Edgar library is below.
http://www.sec.gov/Archives/edgar/data/859917...-index.htm
GLTA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Pleasing it is to see that the CEO has stepped up and has taken the effort to become fully reporting, seriously. I myself had my doubts as many did because it has been merely talked about for over a year, but, it appears to actually be a reality, so IMO that fact is very good news for shareholders. Obviously, the single best builder of shareholder value is the prospect and the successful ramping up of SALES and REVENUES, however, micro cap start-up businesses need to begin somewhere and what better prerequisite corporate goal to have other than to get fully reporting. I believe the transparency brings immediate shareholder value and trust to the organization. I imagine the 24/7 bashers are scrambling to find new ways to spin the new information in the filings to the negative, but IMO it matters not, the sheer fact that RFMK is indeed becoming a fully reporting company is HUGE for shareholders.
It appears that the audit firm ( Pyrenees Investments, LLC ) is legit and has performed many SEC filing audits for other larger companies. Much can be gleaned from the Form 10 filing and likely filings to come. For instance,
" Rapid Fire Marketing expects delivery of an initial supply of 2,300 units of the dry vaporizer which will be trademarked and patented upon completion of the final working prototype which is expected in October, 2013 ." .
Possible uplisting once the Form 15c211 is filed?! Hmmmmm...
There is information about all aspects of the business, finally shareholders can see under the hood of the company. No matter how some decide to spin the filing(s), the fact is that this is a very positive sign for RFMK and the CEO.
"The Company has a commitment for $1,500,000 in financing from Ironridge Global, an international fund, in the form of preferred equity purchase. To date we have received $250,000, or 5 tranches,, with approximately 25 subsequent monthly tranches remaining of $50,000, or $1,250,000."
The question is not how much more dilution will the IronRidge funding entail but how much value can be derived from the growth this company could experience from the influx of so much funding; $50,000 per month for multiple years! There will likely be dilution, that is known, however the primary unknown for investors is how much of an opportunity there is in owning the stock over the long term based on the prospect for growth given that this company has been receiving very strong funding and will continue to receive a healthy level of capital inflows each and every month.
The bashers should read the section in the filing labeled, " Involvement in Certain Legal Proceedings", and come to the realization that no matter how much mud from the scum swamp they think they can whip up, the spin is just smoke and mirrors, and now investors can see for once and for all that RFMK is not a scam and that none of it's insiders, president/CEO, company executives, etc, have had any legal issues, whatsoever. That is fact, deal with it, and come up with some new stories we can laugh at.
The link to the Form 10 in the SEC Edgar library is below.
http://www.sec.gov/Archives/edgar/data/859917...-index.htm
GLTA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
