Yes, we longs have bigger and bolder ideas for the

Yes, we longs have bigger and bolder ideas for the future for RFMK. I do always though balance my default bullish sentiment by only assuming the most conservative scenarios and analyze what the valuations and fair price is for the company in those base line cases. From what I can tell, it seems the market is pricing the RFMK stock at just a few ticks above par value which would indicate the market assumption that the company could only sell about 15 or so units every month, which I think is a joke. The bashers rant every hour of every day about how certain they are that the PPS is going to triple zeros by way of assuming the O/S will spiral out of control, R/S, more dilution after that, etc. But if you really look at it, as long as the market properly values RFMK in the next 12 months and Ironridge remains as a long term investor, the issuances they receive will be less and less and at higher prices so of course we know the O/S will move up but I do not see it moving up as quickly and as much as the bashers think. Also that entire time the company should be able to make some revenues by selling the large inventory. Even assuming another couple hundred million shares dilution into the next 12 months to bring down the PPS to par value, they forget or choose not to realize that in those 12 months there is a good chance the company can sell some amount of inventory so the real question is not the dilution ahead but the ability of the company to sell units. How many can they sell and in what time frame. That will dictate the share price in the next 12 months. It would be a rather sad state of affairs to find the stock at par value, $0.001 and entire year from now because they would only sell 8 units a month for 12 months. Think about it, that is what the bashers are expecting when they claim that the PPS is going to par value by this time a year from now, its rather ridiculous. Can the company sell more than 8 units per month? Hmmm.... I think so!!

Actually, if I really were to put on my bull horns, I would say it is not too hard to imagine there being a total of about 10 outlets selling the units and each selling about 10 units per day which would equate to the entire 20k inventory selling out in about 6 months. I think that could be a reasonable guess. That would mean 40k units sold in a year which would mean about $2M in earnings for the year, which with a P/E of 50, means a share price above 6 cents. Even then, if their earnings grew from $24k to $2M in one year then what is the P/E ratio at that point??! It would be more like 8300, which would yield a PPS higher than 11 DOLLARS!!! Ask the bashers next time how's that for wild speculation??!! Hmmmmm?!! Hmmmmmm?!!

GLTY

$RFMK