Good points, Wilyfox. I agree, not many posters pointing

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EliteYoda Wilyfox013 #8632

Good points, Wilyfox. I agree, not many posters pointing out that CBIS and others were down big today as well as RFMK, the entire MMJ stock sector was down big. CBIS was down about 17%, if a trader would have painted the RFMK close today up one tick from the closing price the loss would have been 15%, not 20%, which would have been less of a loss than CBIS. Without many new investors piling into these MMJ stocks, IMO they remain trading vehicle play things for the MMs and market playas who just love to scalp and flip flip flip, all day everyday. For RFMK today though the short volume ratio was the lowest it has been in months at only about 8% and also the volume was rather high at 78M shares traded intraday which is a good sign IMO. The PPS will fluctuate, especially in a pink sheets stock, that is known. What is not known is if and when the 10K will be filed and the inventory will arrive for the company along with the potential for other positive fundamental developments. In my opinion, the stock trading a few ticks above par value makes for a rather good risk/reward for a long investment and a rather poor value proposition for shorters, which is probably why on a relative basis there is hardly any shorting going on down at these price levels. Even if we assume this alleged 3% monthly dilution effect, just in a single day, today, the market has priced in more than a half a year worth of that supposed future dilution. So as a long it does not concern me one bit. What continues to concern me is the lack of transparency (10K filing + audit). I have always realized that an audit and 10K takes a long time to prepare, especially for so many quarters as are getting reported, however the announcement about the filing coming in "weeks, not months" was made in mid August and it is now almost Dec. The clock is ticking and I think RFMK investor base has lost many loyal longs in recent weeks because of the deteriorating trust in the CEO caused by the delay. What are loyal followers supposed to think when week by week nothing happens, only more promises in shareholder notes. I remain patient and hopeful along with the other longs here but I can say that in my opinion, the end of the year is make or break for RFMK credibility and if by end of year there is no 10K I think all confidence in the CEO will be lost by most of the investor base which would be a sad state of affairs given how much potential has this company.

I tend to agree with your overall sentiment though in that, if you have already lost confidence and you think this company is nothing but a share selling dilution scam then I think perhaps it is the best decision to just abandon it and get out at the next opening bell, seriously. "If you are not happy, get the heck out". Exactly right! I still do NOT understand these individuals (or a group perhaps?) of whom bash management, the company and the stock constantly on other boards, day in, day out. Is it a hobby for them? Is it a job? I don't get it, unless of course there is some agenda for which we are not privy. Are they right? Are they wrong? I guess time will tell.

GLTY

$RFMK

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