By way of chart overlays for the micro cap stocks in the MJ stock sector, it appears that the recent activity has benefited most if not all of the MJ stocks. "A rising tide lifts all boats", so to speak, but the other side of that coin is that when there is selling pressure in the sector leaders it tends to cause all the other MJ stocks in the sector to sell off as well, even if those stocks do not deserve it based on their own individual valuations and prospects. The MJ sector stock charts all seem to be quite correlated so I believe that fluctuations occurring in the sector are more powerful than what may be happening in any individual stock. On any given day there may be an outlier, a stock which is up while the sector is down or vice versa, so some of the stocks may be a day late or a day ahead of the typical "action" and direction but it seems clear that the sector is generally moving as a whole. In my opinion the MJ sector is just in it's infancy so potentially there is a LOT of growth ahead. I have recently been re-visiting my assumptions as to where RFMK resides in this new realm of the emerging MJ business sector and I have to conclude that because of the new business direction to become essentially a holding company, IMO whatever types of businesses and companies are held as subsidiaries will define RFMK as a company. I think it is wise to change the ticker symbol and the name of the company, however I think it would also be wise to name it according to the relation the subsidiary businesses have, if any, with the emerging MJ sector. Just because the company previously toyed with the CannaCig vaporizer idea, does not necessarily mean that there are still or will continue to be part of the MJ sector going forward. I think it really depends on what the subsidiary companies are to eventually be bolted-on to the holding company.
If RFMK continues the push into the vaporizer industry then I would imagine with having the new dry herb vaporizer device, since it can be used to vape dry herb, the investor population may decide to group RFMK with the other MJ stocks in the sector, however this is questionable because there can be many uses and reasons to use a dry herb vaporizer and the device should not necessarily be pigeonholed into the theme which is exclusive to MJ.
The company could also take a marketing approach, as has been the general theme of the company for many years (Rapid Fire MARKETING, etc), but IMO without a track record of successful marketing campaigns and/or clients for which to charge for marketing services rendered, this business purpose/plan seems to have been abandoned.
As a new holding company, who knows with which acquisitions they will involve the company. I think though that the overall market is assuming too much correlation with the emerging MJ market when there still exist many potential paths for RFMK the holding company, especially after a name change, ticker symbol change and potential acquisitions and/or mergers.
In my opinion for this time from now until the end of March, getting the company to fully reporting status should remain the primary goal for management. I doubt any legit company out there would merge or be acquired by a company which has no financial accounting by way of realized AUDITED financial filings with the SEC. I think real AUDITED financials are needed first and foremost for RFMK to move forward with the business plan of becoming a real holding company. The latest promise by the CEO is by the end of March, so I guess we will see what happens, hopefully SOON shareholders get some transparency in regard to the financials of the company THEY OWN!
I remember when I was a shareholder back in 2012 and there were promises of audited 10K and other filings by the end of the year. The Nov elections passed by and no news, then the end of the year passed and there was no news, then March 2013 passed and no news and along the course of the rest of 2013 there were continued promises by the CEO that "big" news was "imminent" and that the audit would be completed "soon". Well it is almost March 2014 now and the current promise is audited financials by the end of March, so I remain hopeful that the CEO will deliver real value for shareholders and provide much needed transparency as well as proving to the market place of investors that the CEO is in control and can actually accomplish certain corporate goals.
I am all for "news" and announcements of corporate developments but so far we really have only seen more promises of a dry herb vape device set to launch sometime in the future and submission of audited financials by the end of March of this year. One thing I can say that I think is positive though is the fact that the CEO does not engage in news "priming" or "pumping", by which I mean, there are many penny stock CEO's who actively watch the stocks and depending on technical levels (momentum or other timing factors) will make "FLUFF" announcements in an attempt to drive up demand for the security so as to try to keep the PPS at higher levels. Mr Allinder does not engage in this behavior so I think that is a big positive for shareholders in the company.
I think the coming weeks and/or months will be "make or break" time for RFMK the company and the stock will follow, either to the upside or the downside. Time will tell. I am hoping for a positive outcome for the sake of shareholders.
Do or do not, there is no try.
GLTA
$RFMK
If RFMK continues the push into the vaporizer industry then I would imagine with having the new dry herb vaporizer device, since it can be used to vape dry herb, the investor population may decide to group RFMK with the other MJ stocks in the sector, however this is questionable because there can be many uses and reasons to use a dry herb vaporizer and the device should not necessarily be pigeonholed into the theme which is exclusive to MJ.
The company could also take a marketing approach, as has been the general theme of the company for many years (Rapid Fire MARKETING, etc), but IMO without a track record of successful marketing campaigns and/or clients for which to charge for marketing services rendered, this business purpose/plan seems to have been abandoned.
As a new holding company, who knows with which acquisitions they will involve the company. I think though that the overall market is assuming too much correlation with the emerging MJ market when there still exist many potential paths for RFMK the holding company, especially after a name change, ticker symbol change and potential acquisitions and/or mergers.
In my opinion for this time from now until the end of March, getting the company to fully reporting status should remain the primary goal for management. I doubt any legit company out there would merge or be acquired by a company which has no financial accounting by way of realized AUDITED financial filings with the SEC. I think real AUDITED financials are needed first and foremost for RFMK to move forward with the business plan of becoming a real holding company. The latest promise by the CEO is by the end of March, so I guess we will see what happens, hopefully SOON shareholders get some transparency in regard to the financials of the company THEY OWN!
I remember when I was a shareholder back in 2012 and there were promises of audited 10K and other filings by the end of the year. The Nov elections passed by and no news, then the end of the year passed and there was no news, then March 2013 passed and no news and along the course of the rest of 2013 there were continued promises by the CEO that "big" news was "imminent" and that the audit would be completed "soon". Well it is almost March 2014 now and the current promise is audited financials by the end of March, so I remain hopeful that the CEO will deliver real value for shareholders and provide much needed transparency as well as proving to the market place of investors that the CEO is in control and can actually accomplish certain corporate goals.
I am all for "news" and announcements of corporate developments but so far we really have only seen more promises of a dry herb vape device set to launch sometime in the future and submission of audited financials by the end of March of this year. One thing I can say that I think is positive though is the fact that the CEO does not engage in news "priming" or "pumping", by which I mean, there are many penny stock CEO's who actively watch the stocks and depending on technical levels (momentum or other timing factors) will make "FLUFF" announcements in an attempt to drive up demand for the security so as to try to keep the PPS at higher levels. Mr Allinder does not engage in this behavior so I think that is a big positive for shareholders in the company.
I think the coming weeks and/or months will be "make or break" time for RFMK the company and the stock will follow, either to the upside or the downside. Time will tell. I am hoping for a positive outcome for the sake of shareholders.
Do or do not, there is no try.
GLTA
$RFMK
