Illest, I agree with all of your points. The stock trading at par value suggests to me that the market has zero confidence in the RFMK story and it is basically "cellar boxed" at these levels. The manipulators have effectively won by destroying sentiment enough to keep all of the potential buyers of the stock on the sidelines via crushing the stock from the 200 day moving average which at the time was .003 down to .001, a 66% loss for the average shareholder. Only transparency and realized and accomplished corp actions along with decent revenues and earnings has the chance to induce buyers to take positions. IMO with the company still trading as a lowly pink sheets stock, the PPS can be thrown into the gutter at any time. Shorters flock to plays where there is sustained dilution because there is an opportunity to massively short the stock during times it is up and then drive it down over time on low volume and then wait for another traunche of dilution and snap up the tons of shares needed to cover all the shorts at extremely low prices using the newly issued shares getting dumped on the market at any price. It's the same old song and dance over and over, the MMs and market players effectively steal away the capacity for the company or funders to raise efficient capital via the market by way of only taking their shares off their hands at extremely low prices so they can cover all of their shorts which they put on at higher levels knowing full well that at some point eventually the company would engage in another iteration of raising capital. This is why most companies of whom are attempting to raise capital by way of dilution in the pink sheets market typically falls into this downward spiral of getting "cellar boxed" by market players. They are just parasites sucking the companies dry until the PPS cannot go anywhere and then they move on to another stock victim. What shareholders really need besides transparency, is revenues and earnings and for the company to finally have the training wheels removed so it can stand on its own two feet and fund itself using real earned operating cash. This cannot happen until large amounts of product is sold in the market but it looks like RFMK is very close to starting that process. I think the initial 2,000 units were basically for promotional events, GotVape distribution, OHM, inventory for the website orders and used primarily as a test market. Now this large inventory coming in soon should offer the potential for the company to really begin driving revenues and THAT is what the market likes, IMO. If investors see over time the units getting sold across the country, they see marketing happening out in the real world and they see corp actions that are actually coming to fruition, then I think investors will flock to RFMK and take positions. Until then it is very difficult for most investors to justify buying into a speculative PK stock, especially one that is "chilled" and not current with reporting reqs on the OTC markets and no transparency yet with the elusive 10K. A company like RFMK trading on the OTCBB, audited 10K with financials to be fully reporting, no chill, revenues and profitability will offer an entirely different investment vehicle for investors. At that point I think the "action" could be much much different than it is today.
GLTY
$RFMK
