I myself had been a shareholder for many years sin
Post# of 11899
Posted On: 01/30/2014 11:51:35 PM
Re: Leverage102 #11721
I myself had been a shareholder for many years since back when the previous management planned to do a Bionic ecig marketing campaign with NASCAR. Eventually through all the debt, dilution and company going nowhere, Mr Allinder became CEO and it appeared that the company was getting cleaned up for real, though at the cost of ongoing massive dilution to shareholders.
Mr Allinder had promised back in 2012 that the company was going through with an audit and would file an audited 10K early in 2013 and I remained a long term shareholder awaiting the day when audited financials would be filed with the SEC. After early 2013 came and went and months later there was still no audited 10K, I eventually was no longer a shareholder.
I have remained positive about RFMK's prospects and potential, however I remain on the sideline until I see real corporate accomplishments. I thought perhaps sometime mid to late 2013 there would be progress but alas there were only more excuses by the CEO.
After seeing the Form 10 though I can see how much time and effort must have had to be put into this process, so as a loyal RFMK follower I can see the difficulties the CEO had to have gone through, both legally and financially. All in all I have a mixed perception of RFMK, I can see the negatives but I can also see the positives. This is only merely my own subjective opinion and my experience as an ex-shareholder in RFMK, so take it with a grain of salt. But I still believe that getting the audited financials and uplisting is truly possible and that if the CEO is doing everything he has claimed to do over the course of 2013 and so far this year that there is potential for corporate progress to be made, and possibly soon, who knows.
I just happen to have decided to remain on the sidelines until actually seeing and reading an audited 10K filed on the SEC (EDGAR) website. Until that day I remain on the sidelines. I am hopeful that the CEO will deliver on promises made but who knows, it may happen or it may not happen, only the CEO really knows what he intends for the future. I think that if audited financials are filed with the SEC it could give HUGE credibility to this real company and I would be intrigued as an investor and it would make me consider once again investing into the company but that is just my own personal opinion.
I think investor confidence was definitely damaged over the last year or so while nothing has really happened other than a launch of two products of which the inventories are no longer getting replenished and promises of audited financials, uplisting and a new product which so far have not been realized or accomplished.
I would agree though that if the CEO can deliver even on only a subset of corporate goals then I would imagine it could bring some much needed value to shareholders.
I guess we shall see what happens in the end.
Do or do not, there is no try.
GLTA!
$RFMK
Mr Allinder had promised back in 2012 that the company was going through with an audit and would file an audited 10K early in 2013 and I remained a long term shareholder awaiting the day when audited financials would be filed with the SEC. After early 2013 came and went and months later there was still no audited 10K, I eventually was no longer a shareholder.
I have remained positive about RFMK's prospects and potential, however I remain on the sideline until I see real corporate accomplishments. I thought perhaps sometime mid to late 2013 there would be progress but alas there were only more excuses by the CEO.
After seeing the Form 10 though I can see how much time and effort must have had to be put into this process, so as a loyal RFMK follower I can see the difficulties the CEO had to have gone through, both legally and financially. All in all I have a mixed perception of RFMK, I can see the negatives but I can also see the positives. This is only merely my own subjective opinion and my experience as an ex-shareholder in RFMK, so take it with a grain of salt. But I still believe that getting the audited financials and uplisting is truly possible and that if the CEO is doing everything he has claimed to do over the course of 2013 and so far this year that there is potential for corporate progress to be made, and possibly soon, who knows.
I just happen to have decided to remain on the sidelines until actually seeing and reading an audited 10K filed on the SEC (EDGAR) website. Until that day I remain on the sidelines. I am hopeful that the CEO will deliver on promises made but who knows, it may happen or it may not happen, only the CEO really knows what he intends for the future. I think that if audited financials are filed with the SEC it could give HUGE credibility to this real company and I would be intrigued as an investor and it would make me consider once again investing into the company but that is just my own personal opinion.
I think investor confidence was definitely damaged over the last year or so while nothing has really happened other than a launch of two products of which the inventories are no longer getting replenished and promises of audited financials, uplisting and a new product which so far have not been realized or accomplished.
I would agree though that if the CEO can deliver even on only a subset of corporate goals then I would imagine it could bring some much needed value to shareholders.
I guess we shall see what happens in the end.
Do or do not, there is no try.
GLTA!
$RFMK
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