Kushndoj, I too remain confident in the future pot
Post# of 11899
Kushndoj, I too remain confident in the future potential for RFMK, but where is that elusive 10K??!
We all realize that the auditors must still be working and so the timing is out of the CEO's hands but it has been several months now so me thinks Mr Allinder should perhaps put a little pressure on the auditors to wrap things up. Hopefully the auditors are getting paid by the completion of the job and not hourly. Perhaps if most of the reporting period is ready to go but there is a small window of time which still has outstanding issues then maybe the reporting time period should just be truncated for now and left out of the 10K so that an audited 10K can be filed asap. Then later a filing could be made with the more historic problematic quarterly. At this point the market needs disclosure at the very least. Even with the recent quarterly filing, OTC markets is still showing "Limited Information", so we are not current with reporting right now. There are roughly 4 more weeks to this year. Way back we were all confident that there was a chance that the 10K filing and uplisting could come before the elections but its almost December now and the stock is down 75%. I think its rather obvious that the market needs to see REALIZED and ACCOMPLISHED corp goals, not continuing promises of great things to come "soon". We were all thinking things would maybe come "soon" back in August. I understand the value of patience and confidence in a stock story, afterall I am a loyal RFMK long, however I think the massive delay in the critical and required area of transparency is a major concern for shareholders, yet because of what the CEO has mentioned in recent shareholder notices, it seems he has transparency at the top of his priorities which is why I remain confident and patient. Yes, the red days can be a drag on longs but if you go out and buy a rare shiny silver coin and then in the weeks after the market for no reason is selling silver down to $1/oz all over the world just on a panic induced technical selloff, would you freak out and run to the nearest precious metals dealer and sell your coin off for $1/oz?? No. Instead it would just be wiser to hang it up on the wall for the future and as a reminder that buying all at once is not a smart investment strategy, always keep dry powder and know that the market will typically give you many chances to increase your position size at lower prices than at your original buy-ins. If 1%, 2% or 7% of the float wish to freak and dump money and shares to each other all day for a week that is not the long investors concern, its nothing more than entertainment.
May the force be with us.
$RFMK