We know what the plan is, I think the issue for shareholders is that plan is taking a long long time to implement and still in the works without any realized and confirmed progress on the things that matter to shareholders now (10K). Though there have been other realized and accomplished goals. Management had a plan of acquiring funding, they did that. The plan was to obtain a company spokesperson giving the product and the company major celebrity exposure, they did that. They planned to develop a line of vapor inhalers and obtain an inventory and sell them via distributors and an official website, they did that. The next part of the plan was to get the company fully reporting (audited) and trading on the OTCBB but this is still in the works. I think the market is just waiting at this point to see transparency and it is taking a very long time. I think what is really important to shareholders at this juncture is the audit and the 10K filing and moving forward with that in order to get quoted on the OTCBB. This has been worked on since mid Aug and its mid Nov now and that is an eternity in the pink sheets. I think many shareholders, including myself, are growing weary at this point and we really require and need full transparency. I think it is wise for the CEO to just ignore the market and do what the company needs, and not keep promising to the market that it will come "soon". At some point, I feel confident that the 10K will be filed with the SEC and the company and shareholders can continue to get on with the business of moving this company forward but until then I think everything is on hold. There is a lack of buyers for the stock (light volume), yet the PPS is no longer tanking daily so I think it may be safe to assume that most who are still in RFMK are just holding for now watching and waiting for transparency. It is unfortunate that with the Q3 filing on OTC markets the ticker is still labeled as "yield - Limited Information" because the financials did not actually include "disclosure". Also there is still the DTC chill on the stock which does not allow all of the traders in the market to trade RFMK, some of the online brokerage houses will not allow trading because of the chill. The other MMJ stocks mostly all have much much smaller floats and so any amount of buying in those cause them to sky rocket. I think it is going to take a rather large investor base and number of traders to move such a large float as this at about 1B shares. This larger float also allows for more fiascos in the stock than the other ones because on any given day 1% or 2% of the float can come in and print a few trades for the day and the marketcap could be effectively cut in half or fourths for no reason. It is important for investors to realize that in PK stocks with large floats, the daily price swings on relatively low volume mean absolutely nothing, despite what the bashers will tell you. The other thing that happens too is that naturally in any stock the selling happens on greater volumes than the buying and it happens in less time than the buying, and for PK stocks this natural dumping effect is exacerbated because the cost basis's among the holders has many gaps so its thin and so the PPS goes up and down huge percentages. Do not let a big percentage change in the PPS fool you or make you buy into the basher persuasions that things are not looking good on a big chane in the PPS, etc. Notice how many of them do not even bother to bash on days when the stock is up on a large percentage basis. That is because their arguments are typically very weak and it is not even worth them making in the midst of jubilation, they will just be laughed at, yet when there is a large down percentage change they all come out to bash with "I told you so's.." and other hatred for management and scam dilution talk. Its rather comical. Their advice is to either stay away from the PK market entirely (which then I do not understand how they are even an interested party in the stock) or tell you "you gotta flip the pump and dump" which is rather immoral IMO (assuming the corp and stock is a fraud scam yet telling others to profit off of it by flipping the move up then crash down). How embarrassing, how embarrassing!
Hopefully soon we will all be able to see the much awaited 10K filing! May the force be with us.
GLTA
$RFMK
