ScarFizi, hehehe, that is a funny way you put thin
Post# of 11899
ScarFizi, hehehe, that is a funny way you put things. I actually agree totally with what you have been saying, so no need to convince me, I am actually right there with you. I have said all along that the RFMK CEO really needs to get on the ball and provide long term shareholders with some transparency after all the developments that have happened this year. So, I totally see where you are coming from and as a fellow long I can relate, I get it. Hah, the Evangelical talk was just an attempt at a little pep talk for longs. Though I do truly believe in doing or not doing, either buy and hold and be confident or realize that you are uncertain about the feeling you get from the company and stock so sell. That may be extreme for some, but its just my own style and opinions, for right now in the story. I personally am just holding. I was accumulating massive blocks of shares up until the O/S began growing out of control and I paused to wait for transparency. Granted, we have all been waiting a long time now for the 10K, so I agree with you there that the CEO really needs to get the 10K filed asap. However, we do know though that the auditors need a few weeks with it before it can be filed, so for now I am just patiently waiting. I can see both sides, and I can see the frustration for longs, I am a long as well. I just hope that we can see the 10K before the Nov elections. If it comes later, that will be dissapointing but as long as it happens. For me, if it turns into next year and we have nothing, then I will become concerned and certainly re-evaluate why I am holding. However, if by the end of the year we have a fully reporting company here then that changes everything and I plan to look further to sales and revenues and product development to make decisions on the next steps for investing in RFMK (buy/hold/sell). I pride myself on always having a plan to either buy, hold or sell depending on whatever happens. One cannot become so drunk off kool aid that they never consider any scenario in which they sell and conversely they should never become so negative on the stock that they have no scenario (no price) for which they would buy shares (unless of course there is bankruptcy, etc). I like to take a balanced approach.
I am glad to hear that you have a thriving import/export biz but as far as RFMK goes, I think the key for investors right now is the 10K and getting uplisted. Just my opinions. I feel like we are all on the cusp of some great developments for RFMK, just a feeling, nothing more. Stocks move up and down, and that was the only point I was really making. I think one would only feel that kind of thought "impractical" if he/she was day or swing trading the stock, watching every up/down tick, ready to cut out with max short term profits. For a long like myself, its actually the other way around, I accumulated primarily in the triple zeros, then the stock shot up to .0093, then it crashed back down to triple zeros, where I continued to accumulate. I know, I know, many traders would laugh at my "performance", etc. However, I just have a different investing approach, it is more akin to the Buffet style and I concentrate more on long term trends and the final end states and conditions rather than on short or mid term volatility. That is just me, others can and should do what they wish with trading, its not my style. Each to his own opinions and decisions on trading and/or investing in RFMK. I just come out on the side thinking that the stock movements will happen and it does not change anything for the long term investor as it concerns fundamental developments. I am looking mainly for the 10K but not in the next week or days, I think the auditors need time to go over it and I actually like the CEO's focus on quality and certainty rather than rushing it out there which could cause delays. There was a shareholder notice recently which stated that the focus is getting the 10K to auditors so as far as restoring confidence, that shareholders note did it for me, but perhaps others need more. I do understand that in the world of Pink Sheets stocks, so many investors have had to deal with so much that it causes anxiety and mistrust of management, however I think being so close to make or break catalysts for RFMK, I personally choose to just be patient and wait for positive developments to happen, as long as they do in fact happen, if they never do, well, then that will be a different story. Hopefully they can deliver for shareholders soon but know that I certainly agree with the notion that the CEO needs to, well, "get r done!"! For the sake of shareholders, hopefully everything works out.
GLTY
$RFMK!