That is exactly right, Cheryl. Thanks for posting the trading details for MDBX.
I think there are many out there who pre-judge where potential price levels could be or where the bottom or high could exist in the RFMK stock but I think all too many forget that the PK exchange is very volatile and the percentage prices moves only matter or have meaning in the context of volume. The various sized floats in the different companies is a big factor in it as well as the investor demand for shares. I think there are so many potentially positive fundamental developments in the future for RFMK, it means that the price action or volume history in the stock means absolutely nothing. Many of the bashers make the claim that RFMK will never move because the float is so large, but its a relative argument, meaning that it all depends. They make the assumption that the future interest in the stock will remain at the same levels as it is today and the about the same number of investors will trade it and invest into it into the future but no one can know the future and no one can possibly predict how many investors will want to get into RFMK in the future and how much money they would be looking to invest. So relative to the other MJ stocks, sure the RFMK float is basically 2X most of them, but RFMK is basically the only on of the MJ stocks in the sector which focuses on MJ specific business development, marketing and vaporization products. There is no telling how much investor interest could eventually come for RFMK so there is no telling how high the demand could be for shares in the future for RFMK, no matter what is the size of the float.
I have made guesstimations before, but just to share my own imaginary scenario for kicks... For a 1B + change float, we imagine that Ironridge has about 1/10th of the shares, and perhaps another large institutional firm or group has another 1/10th, if there are roughly say 100 traders and/or investors (including the true loyal longs) along with say a few large investors owning 20M-100M share positions, then I would estimate that at least 200M is taken up by a few of the larger investors and possibly another 100M by MMs and market players and then the rest of the 500M shares would be divided by about 100 longs which leads us to an average position size of about a couple million shares each, maybe 2M to 6M or thereabouts, which at current levels makes for an average investment at about $8,000, which seems to me to make sense. Now if all of the sudden, there was an influx of investors, say 10X times the current number of stake holders then about 1,000 investors would be looking to get long RFMK. What we then want to guesstimate is the PPS at which an average $8,000 investment would be for 1,000 stakeholders rather than 100. It is clear that it would mean an average allotment of about 500k shares for an average cost basis of $8,000 at a PPS of about $0.016. All of this of course assumes that the average investment most would be looking for would be about $8,000 and that is of couse a total guess and debatable. If we double the future investor pool then we would double the target PPS, so say for 2,000 RFMK investors there could be about a $0.032 price, 4,000 investors, a $0.064 price, etc. Who really knows how many investors could eventually hear about RFMK and want to make a so called "average" investment but I would think with the 10K filing and uplisting as well as all the future fundamental positives going for RFMK, it could very easily be greater than the current guess of about 100 investors. Just my opinions.
GLTA
$RFMK
