scout, indeed, very true, agree with you I do about the potential celebrities out there for endorsements. Miley! A great idea, it is!
As for me, I have zero experience or desire in taking part in any endorsement of any kind, though I agree with your thesis that RFMK needs some shred of credibility by way of someone with the will to turn this company around, I just do not believe that task would or should be on the shoulders of any such celebrity, rather, it should and shall be solely the CEO's responsibility.
The CEO has a fiduciary duty to shareholders as well as an obligation to the SEC, should this intention to become a 'fully reporting' company be genuine. IMO it is up to the CEO to follow through on the form 10 with the proper process and filings to work with the SEC to get them to accept the audited financials and 10K filing(s).
As for the 'action' in the stock, IMO it is business as usual. The dark side will likely continue to lead some astray because they can. Even though the volume was unusually higher than normal, it still only represents less than 6% of the outstanding shares; IMO that is still a very small proportion of the available shares. And at the price they are supposedly trading, the net value of the shares traded is under ten thousand dollars. Yet some continue to use these meaningless moves as signs that the bones and alignment of the stars are telling them that their opinion of what is going on behind the scenes is the right perspective. And the narrative always seems to be dilution, dilution dilution. However, in the case of today's trading, what no one seems to mention is that the accumulation / distribution chart spiked UP. Hmmm... typically during dilution, there is distribution so the A/D line will move down sharply; not so today. Then there is the laughable big foot sighting of the fancy '911' trade to instigate hysteria. It is all quite amusing, IMO.
Some have stated that they have had bids sitting at .0002 and .0003 for weeks for small lots yet the MM's are not filling them. This basically means that the so-called bones are giving us signs that perhaps the MM's are merely playing games down here in the scum swamp, business as usual. One MM plays the role of the diluter, the other as the cyber-bully-punk-shorter
the electronic markers are shuffled across from one account to another, ehhemm, I meant traded between themselves, and voila, new PPS points are printed to the tape, in an attempt to instigate 'action' that they can potentially game with their bot toys. *yawn*
We have seen it all before. The truth of the matter is that there is likely a LOT of covering going on right now, likely in preparation of a spike (pump & dump) on news if there ever is any. Some will tell you all about it because they are involved, that's their game and instead of 'fessing up to it they masquerade as saviors of all protecting the masses from the evil CEO diluting scamsters. It's all just a joke and it should be interesting over time to watch what the real story is here with RFMK, which IMO is the story of a failed company with a questionable past making a come-back potentially and bringing real shareholder value some day with uplisting, filings, reporting, product(s), sales and revenues. IMO the celebrity endorsements are likely rather low on the totem pole. Of course, though, what will likely get more attention than anything else is the incredible volume the dark side would possibly stir up in the future here, while all the lemmings spin up the propaganda, hype and shifting sentiment driven posts (ie.. devout but concerned longs allegedly hearing inside information which has turned them bearish, typically right as the pump & dump appears to be turning over). Keep your eye on the real company here and the real business value they are bringing over time (if any), the stock will likely fluctuate wildly as most PK stocks do during times of low volume and/or scarce buyers.
GLTY
You must unlearn what you have learned. The dark side clouds everything.
As for me, I have zero experience or desire in taking part in any endorsement of any kind, though I agree with your thesis that RFMK needs some shred of credibility by way of someone with the will to turn this company around, I just do not believe that task would or should be on the shoulders of any such celebrity, rather, it should and shall be solely the CEO's responsibility.
The CEO has a fiduciary duty to shareholders as well as an obligation to the SEC, should this intention to become a 'fully reporting' company be genuine. IMO it is up to the CEO to follow through on the form 10 with the proper process and filings to work with the SEC to get them to accept the audited financials and 10K filing(s).
As for the 'action' in the stock, IMO it is business as usual. The dark side will likely continue to lead some astray because they can. Even though the volume was unusually higher than normal, it still only represents less than 6% of the outstanding shares; IMO that is still a very small proportion of the available shares. And at the price they are supposedly trading, the net value of the shares traded is under ten thousand dollars. Yet some continue to use these meaningless moves as signs that the bones and alignment of the stars are telling them that their opinion of what is going on behind the scenes is the right perspective. And the narrative always seems to be dilution, dilution dilution. However, in the case of today's trading, what no one seems to mention is that the accumulation / distribution chart spiked UP. Hmmm... typically during dilution, there is distribution so the A/D line will move down sharply; not so today. Then there is the laughable big foot sighting of the fancy '911' trade to instigate hysteria. It is all quite amusing, IMO.
Some have stated that they have had bids sitting at .0002 and .0003 for weeks for small lots yet the MM's are not filling them. This basically means that the so-called bones are giving us signs that perhaps the MM's are merely playing games down here in the scum swamp, business as usual. One MM plays the role of the diluter, the other as the cyber-bully-punk-shorter
the electronic markers are shuffled across from one account to another, ehhemm, I meant traded between themselves, and voila, new PPS points are printed to the tape, in an attempt to instigate 'action' that they can potentially game with their bot toys. *yawn*
We have seen it all before. The truth of the matter is that there is likely a LOT of covering going on right now, likely in preparation of a spike (pump & dump) on news if there ever is any. Some will tell you all about it because they are involved, that's their game and instead of 'fessing up to it they masquerade as saviors of all protecting the masses from the evil CEO diluting scamsters. It's all just a joke and it should be interesting over time to watch what the real story is here with RFMK, which IMO is the story of a failed company with a questionable past making a come-back potentially and bringing real shareholder value some day with uplisting, filings, reporting, product(s), sales and revenues. IMO the celebrity endorsements are likely rather low on the totem pole. Of course, though, what will likely get more attention than anything else is the incredible volume the dark side would possibly stir up in the future here, while all the lemmings spin up the propaganda, hype and shifting sentiment driven posts (ie.. devout but concerned longs allegedly hearing inside information which has turned them bearish, typically right as the pump & dump appears to be turning over). Keep your eye on the real company here and the real business value they are bringing over time (if any), the stock will likely fluctuate wildly as most PK stocks do during times of low volume and/or scarce buyers.
GLTY
You must unlearn what you have learned. The dark side clouds everything.
