Do not allow short term volatile price fluctuation
Post# of 11899
Do not allow short term volatile price fluctuations by a few market players to alter your long term sentiment on the prospects for the company. The company does NOT equate to the stock, they are totally seperate.
"The only way I'd accept this Diluting is if its monies needed to run a FAT PROMO campaign to a PENNY!!!!"
Think about what you are saying there, it is rather obtuse. First you implictly assume that anytime there is a downturn in the PPS on higher than average volume, it is necessarily being caused by the company diluting and directly selling shares into the market. This is a faulty assumption. We can monitor the O/S by calling or emailing the T/A at anytime (obviously there is a few days delay from when any dilution occurs to when they report new share structure numbers); but it is knowable. The PPS does not just move up in a straight line, once in a while there is heavy selling in the market, stocks move and down, that is how it goes. Are you saying that as a long it would actually make you feel better about the PPS downturn if you heard that the company was diluting so that they could use those funds raised to instigate a stock ad promo campaign run?!!! In my opinion, that is really a negative way to look at the company and management. That would be a rather shady business practice and it would make the company look like another PK share selling scheme, which it is not. I think perhaps all the basher dilution rants have gotten to you?! The fact is, no one can know exactly who is selling or what has really happened with all the shares until we can see for ourselves an audited 10K document. It's all speculation, otherwise. Most of the time, posters are just simply spewing guesses and negative commentary on the principles in RFMK, bashing them personally which is very nasty. Amazing what some people will say on a public message board. Sad, really.
I would agree that shareholders have always needed the transparency that a 10K provides. That is primarily what we are all waiting for, but as I have said, it takes time and we do not even know yet if the auditors have been given the document to begin their work and an audit may take several weeks, so I for one am not waiting day after day hoping to see a 10K pop up in EDGAR, I am merely hoping that it does eventually get filed before the Nov elections.
When speculating and musing what could have been the causes of any PPS downturn, anyone can come up with a myriad plausible explanations. It does not mean any of them are true. For instance, no one today seems to be talking about the fact that there was a huge market rout today with the indices plummeting which can wreak havoc on investors accounts causing them to have to possibly deal with margin calls and margin pressure which instigates dumping of all kinds, especially those holdings which are very speculative and already in the green. Who knows, this could have caused a few big holders to have to shed some of their positions in RFMK (forced selling) and again on a slow Friday with a lack of buyers present, possibly in low liquidity the MMs just took their shares off their hands but would only do it for a significant discount to yesterdays price. It happens. I do however like the fact that volume picked up, 60M shares intraday is a much better volume level, even if it did sell off a bit from above the 200 DMA. As I have said for many weeks, the 200 DMA in ANY stock is a much more stiff level for the market to negotiate than many expect. It takes a lot for any stock to shake off the 200 DMA resistance level and move higher. Only a large volume of buyers can do that and so far, at least in RFMK, we have not seen new buyers lately. Though HEMP and the other MJ stocks are starting to see that, look at HEMPs gains today! It's another reason to own them all!!!
GLTY
$RFMK!