Sorry but I disagree with your assertions. We all
Post# of 11899
Sorry but I disagree with your assertions. We all know what the dilution over the last 12 months has brought to shareholders; a company out of debt, with a real business, a real product and inventory, selling at stores and online and operating cash, not to mention all the costs of starting up offices and bringing on celebrities like CS. The previous CEO left this company in a shambles with a ton of preferred share holders who were a part of the increase in the O/S because of conversions over the last 12 months. There was no product, just alleged ideas for various marketing services to other companies. No revenues or income streams, etc. That was last year and into March of this year, then Mr Allinder came along and shaped up this company and made it a real working enterprise.
My understanding is that the 10K filing covers up to the end of Sept 2012; only three weeks not covered up to the present date. I would have to say that DOES include recent events!! I do not know if will basically include the Q3 financial report, but I think it would effectively include those numbers; even though later there may be a seperate filing. You are making it sound like the 10K is not something we need right now. I could not disagree more. I think what you need versus what I need are obviously two different things. I do not need fluff PRs or expectations of future corp developments, they are nice to know and give me a clearer picture of the future, however what I require right NOW is transparency and only an official audited 10K will suffice. You seem to need or want whatever the CEO would need to do to pump the RFMK market so you can get your trading pop. I have to say that such wants are in no way aligned with overall long term creation of shareholder value. You seem to be comparing the RFMK CEO's performance as a leader with other MJ stock CEOs based on your notion of how much of a PR campaign would need to be done in order for the CEO to effectively ad pump the stock to as many market participants as possible. I strongly disagree with this approach as a long term supporter for the company and I am glad the CEO does not follow this sugar candy fix strategy to satisfy traders who just need an immediate pop in time for a catalyst and they're out. Do not get me wrong. I AGREE that there was a missed opportunity here in timing the corp actions and events so as to do most for shareholders which would have indirectly also allowed many more investors to jump on the band wagon, but the CEO is not directly responsible for the spot share price and he needs to just focus on the job of growing the business responsibly. By the way, I do agree that Cheryl has busted her ass for RFMK shareholders and we all owe her a debt of gratitude. She deserves to see more from our CEO but at the same time I do not blame him for delays getting the 10K out (which may not have been under his control). If the time comes, (after New Years) that we still do not have the 10K and transparency THEN I would have your same exact attitude. For now, I think as long as the 10K does come for shareholders this year, whenever it comes it will be GOOD for shareholders.
The current share price is a joke, we all know that. One thing I do not hear anyone talking about is the fact that if so few dollars can walk the spot price down, then it stands to reason that it is also very thin to the upside as well. Were any large number of investors to come flooding in the name, I do not doubt that we could see $0.015 almost immediately based on the demand for shares. I agree that there is little time for much stock momentum to occur before this once in a lifetime moment for the MJ vote, but my opinion is to mitigate that with the fact that we have a serious legit business on our hands here and it needs to be run properly (long term). Just my opinions, as usual.
GLTY
$RFMK!