With the T/A gagged and the failure of management
Post# of 11899
Posted On: 08/22/2014 9:40:25 PM
With the T/A gagged and the failure of management to deliver on long standing promises made almost a year ago about an alleged dry herb vaporizer, the precipitous fall from penny land down to par value, it appears the market is re-pricing the RFMK stock. The technical analysis actually looks rather bleak. It appears the stock is heading back down into the triple zero ranges.
The CEO has ultimately failed in the promises made to shareholders many years ago. One would think that IronRidge providing financial backing would have aided corporate progress but all that has seemingly happened to this company story is the steady increase from 750M shares now upward of almost 4B, perhaps greater, shareholders are not even allowed to know the current share structure because the T/A has been gagged; so much for transparency from RFMK management.
It is a sad state of affairs and very unfortunate for long term shareholders because the potential was very high for this company, even if only because the hope of a REAL product actually selling in stores and/or online could have led to actual revenues and for a PK stock that would have been quite something in regards to building shareholder value. Alas, after years of waiting for the CEO to turn this company around it continues to sit flirting with triple zero price ranges, an unknown share structure likely billowing out of control over the 5B mark, all the while a CEO of whom continues to make promise after promise yet nothing ever actually happens. Unfortunate it is for shareholders. I still am not convinced the bashers are right that this was only ever a scam, more likely it represents just another pink sheet pathetic company struggling to produce something but only coming up with failure. This story appears to have come and gone.
Do or do not, there is no try.
$RFMK
The CEO has ultimately failed in the promises made to shareholders many years ago. One would think that IronRidge providing financial backing would have aided corporate progress but all that has seemingly happened to this company story is the steady increase from 750M shares now upward of almost 4B, perhaps greater, shareholders are not even allowed to know the current share structure because the T/A has been gagged; so much for transparency from RFMK management.
It is a sad state of affairs and very unfortunate for long term shareholders because the potential was very high for this company, even if only because the hope of a REAL product actually selling in stores and/or online could have led to actual revenues and for a PK stock that would have been quite something in regards to building shareholder value. Alas, after years of waiting for the CEO to turn this company around it continues to sit flirting with triple zero price ranges, an unknown share structure likely billowing out of control over the 5B mark, all the while a CEO of whom continues to make promise after promise yet nothing ever actually happens. Unfortunate it is for shareholders. I still am not convinced the bashers are right that this was only ever a scam, more likely it represents just another pink sheet pathetic company struggling to produce something but only coming up with failure. This story appears to have come and gone.
Do or do not, there is no try.
$RFMK
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