I really like this update for shareholders. The CEO says what he intends to do and then does it. He said he would turn the company into a real business and behold, the company has major distributors like GotVape selling a real product for real revenues. He said he would land the company long term financing which would be better funding than the short term funding from early in the year, which if you remember pumped the stock up to .0093 and then dumped it all the way back down, and he did get the long term financing (take a look at how high quality is Ironridge investment firm!).
"...we will have the 10K completed and to auditors as quickly as possible and hopefully this week...
As I have said so many times before, we would get better funding and we did. We will get this Company fully reporting and we will get this Company out of the Pinks and onto the OTCBB.
"
That is the kind of truth from a real CEO that comes from a real true business doing what needs to be done to accomplish real goals without BS. This does however put a dent in the timing of developments which is why I think he spoke about possible dissapointment for some shareholders, however it is not that much of a delay IMO. If the company can complete the 10K in the next week or two then if the auditors take a week or so with the audit, we could have the 10K filed by end of the month. This would be excellent transparency for shareholders and all but at this point I think, unfortunately, it means that RFMK will not be able to get uplisted in time for the Nov election cycle, which is dissapointing but the sector will still get momentum IMO. I do really like the fact that the CEO is focused and determined to get RFMK out of the pink sheets and onto the OTCBB. He has said what he was going to do before and has delivered so I do not think the situation with the 10K is any different. With this update the CEO is showing that he cares more about certainty and quality versus rushing things through and then possibly having problems. As a long term fundamental investor, this really makes me confident about RFMK because the CEO's goals and style of leadership is aligned with building long term shareholder value. This is really a positive insight for shareholders. With that said, the filing of the 10K to the SEC does need to happen for shareholders at some point. While we all cheer the CEO, the company and the potential for gains in the stock, we also need to hold the CEO to his promises, which he has delivered a lot already this year. If January rolls around and weeks are going by next year and there is no word from management and there is no 10K filing, etc, then there will be no alternative but to question the forward movement of things, but I happen to think the 10K will be completed soon and then it will get through the audit successfully, hopefully by the end of this month. Even if it takes until the end of November, an official 10K filing with the SEC is such a huge step forward for a PK company, it should really be a very positive develoment for shareholders. Very soon, I think this story comes to a head and either the bashers are shown to be right all along, or, they were always wrong and RFMK is the real deal. I think its quite obvious RFMK is the real deal, so when the 10K does come out, all longs and supporters need to remember who it was who spoke ill about management and made comments which suggested that the 10K was all smoke and mirrors. Posters need to be held to account for their accusations. This current delay, of course, gives them more ammo to continue to bash but once the 10K is filed it should have the effect of shutting them up for good. They know who they are and I expect a 10K filing to force them to eat their words and be left with nothing else to say. It would be quite surprising to see them show their ugly mugs on the boards even after they were proven to be wrong this entire time, leading astray others seeking knowledge about RFMK for the prospect to invest. We need to remember and hold those to account for their claims, slander and accusations.
RFMK longs are patient and value long term positive fundamental developments over sugar-coating and short-term fixes. It is worth the wait to see an audited 10K filing to the SEC and an eventual uplisting. These are exciting times for RFMK and I think many bashers and shorters may wind up getting their faces ripped off by the stock action that is coming, no matter when the positive fundamentals game changers come. Get ready, the moves could be big from here on out.
GLTA!
$RFMK!
