10-K filing on SEC EDGAR!!!!!!!!!!!!!!!!!!!!!!!!!!
Post# of 11899
Posted On: 04/16/2014 1:25:11 AM
10-K filing on SEC EDGAR!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
https://www.sec.gov/Archives/edgar/data/85991...15_10k.htm
Of course, just after my rant about management needing to produce the 10K and come through on promises made in regard to fully reporting status, checked the SEC Edgar filings and noticed that RFMK's 10K filing is available to the public!!!
This is a HUGE step forward in the right direction for RFMK shareholders IMO.
I have read the 10K and I did not immediately notice anything totally new or spectacular, though I really like the fact that the financials up to end of 2013 are AUDITED! I can now say that management has finally come through entirely on the fully reporting status promises of late. My primary complaint was that until now I was unable to actually read the audited 10K but now I am actually reading a fully accepted 10K filing with audited financials on the SEC Edgar website!!
I did notice that on the balance sheet it appears that the company net-net is worth about $50,000 and with an O/S allegedly at about 3.4B shares, even assuming a multiplier of 100x, the base value is only about $0.0014, slightly above par value. Though there is no telling how many units the company can sell or what kind of revenues can be obtained via any companies that they acquire down the road. With expenses of nearly $40,000, taking into account the $50,000 per month funding agreement, it appears that each month the company may wind up with about $10,000 per month for growth. With sales and profits the balance sheet could become healthier but we will need to wait and see how management performs and how the new unit does in the market and how the industry perceives the new product.
Another interesting figure is that assuming that the company can possibly sell about 100,000 units in the next 12 months, at about $100 per unit, profit could be half of that figure which would be close to $5M, then divided by 3.4B shares is just about $0.00147 which is interestingly very close to $0.0015 which is the 200 day moving average. The company would need to sell on average about 274 units per day over a year period to achieve this valuation. Who knows what kind of marketing campaign, online sales and/or brick and mortar locations RFMK can build up with the sales and marketing strategy for the new product but it appears that the rather large O/S may wind up putting a damper on the potential for shareholders to see a decent EPS figure in the next 12 months. I think it would help for management to execute a share buyback plan.
Do or do not, there is no try.
GLT A
$RFMK!
https://www.sec.gov/Archives/edgar/data/85991...15_10k.htm
Of course, just after my rant about management needing to produce the 10K and come through on promises made in regard to fully reporting status, checked the SEC Edgar filings and noticed that RFMK's 10K filing is available to the public!!!
This is a HUGE step forward in the right direction for RFMK shareholders IMO.
I have read the 10K and I did not immediately notice anything totally new or spectacular, though I really like the fact that the financials up to end of 2013 are AUDITED! I can now say that management has finally come through entirely on the fully reporting status promises of late. My primary complaint was that until now I was unable to actually read the audited 10K but now I am actually reading a fully accepted 10K filing with audited financials on the SEC Edgar website!!
I did notice that on the balance sheet it appears that the company net-net is worth about $50,000 and with an O/S allegedly at about 3.4B shares, even assuming a multiplier of 100x, the base value is only about $0.0014, slightly above par value. Though there is no telling how many units the company can sell or what kind of revenues can be obtained via any companies that they acquire down the road. With expenses of nearly $40,000, taking into account the $50,000 per month funding agreement, it appears that each month the company may wind up with about $10,000 per month for growth. With sales and profits the balance sheet could become healthier but we will need to wait and see how management performs and how the new unit does in the market and how the industry perceives the new product.
Another interesting figure is that assuming that the company can possibly sell about 100,000 units in the next 12 months, at about $100 per unit, profit could be half of that figure which would be close to $5M, then divided by 3.4B shares is just about $0.00147 which is interestingly very close to $0.0015 which is the 200 day moving average. The company would need to sell on average about 274 units per day over a year period to achieve this valuation. Who knows what kind of marketing campaign, online sales and/or brick and mortar locations RFMK can build up with the sales and marketing strategy for the new product but it appears that the rather large O/S may wind up putting a damper on the potential for shareholders to see a decent EPS figure in the next 12 months. I think it would help for management to execute a share buyback plan.
Do or do not, there is no try.
GLT A
$RFMK!
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