Difficult to see, the future is.
Judging from the past history though, the corporate entity which Rapid Fire Marketing came out of performed a reverse split back in 04/16/2009.
The current management team has been running RFMK for about three years and has not done an R/S, so it appears unlikely that one would be done, though during Mr Allinder's tenure the O/S has increased dramatically from about one billion shares to about nine billion shares (9-fold increase).
However, for that massive dilution over three years time, the company has become virtually debt free and receiving about $25,000 per month in funding, along with having inventory, a fulfillment facility, supposedly a new product (Pocket Puffer) launching soon, a new hemp farm and other financial and corporate accomplishments like getting reporting current with the SEC and OTC markets.
Though there have been considerable delays in the development of the Pocket Puffer so the picture is quite mixed with this company and management team.
It is unclear at best.
It is anyone's guess at this point on what could happen ultimately, but my own personal guess is that the Pocket Puffer may indeed finally get officially launched and I have to say it could wind up becoming an industry leading e-cig device because the features are in fact better than any product out in the e-cig market today. The Pocket Puffer is no Chinese Alibaba knock-off as the bashers will claim. It is designed and engineered from the ground up with all new and uniquely designed parts. Also I believe the company is currently engaged in efforts regarding a patent for the technology.
I think much of the funding needed has mostly been accomplished at this point and now the company can move forward with a flagship new product in the market along with the potential for acquisition of a company already with its own revenue stream which could finally get RFMK out of the OTC toxic funding spiral which has seemingly caused the stock to tank into the gutter over the years now at $0.0001. Who knows Mr Allinder could R/S but IMO it would destroy confidence and confidence and trust in the company is already teetering on disaster. One way it could be done whilst keeping investor confidence at least to some degree is to perform a reverse merger with an existing company which already has a decent revenue stream. That way the number of shares could be decreased and the stock price could be set higher but at least investors would get a subsidiary which could bring in much needed healthy cash flow to RFMK and allow it to get off of the toxic debt spiral it has been engaged in for the last three years.
There is no way around the simple fact that ultimately, real revenues from actual sales are required for investors to flock to the stock of a start up company or at the very least the expectation of a future revenue stream (launch of a new product, etc). This has been the case for the last several years but management has not been very quick to move this company forward in attaining that financial condition.
It seems that management is very focused on a myriad details while the bigger picture of a real revenue stream (even if not profitable) alludes them. This is a very large concern for shareholders. The delays with the Pocket Puffer have surrounded small detailed issues found in testing and management seems to want a 'perfect' device out on the market but they fail to realize that there are larger concerns in running a company. There are bigger fish to fry than how secure the doors close on the Pocket Puffer (silicone additions, etc) or that every particular documentation to the SEC gets them perfectly current on reporting standards. While an audit and current reporting is important to shareholders, what is more important is that the company gets off of the training wheels of toxic debt funding and begins to stand on its own two feet and make revenues. Even if the costs are over the income causing the company to lose money each quarter, at least that is a start, then over time costs can be cut and marketing can ramp up so as to pull in larger revenues and become profitable slowly but surely, but years and years of development stage work while toxic funding the entire time and still no product or revenues is extremely worrisome for shareholders.
Hopefully for the sake of shareholders Mr Allinder will finally announce 'soon' that the Pocket Puffer has ALREADY launched and the PP website is up and running and currently taking orders from the general public. While it is a very good practice for management to be transparent and put out updates to its shareholders as it has done over the last few months, eventually, over time, followers become frustrated with update after update about minutia which does not really matter to the bottom line of the company, meanwhile the stock sits at $0.0001 and there is effectively no volume.
Mr Allinder once said in a PR the notion that the 'liquidity' in the stock was the most important benefit to shareholders this company had to offer, but with the current sad state of affairs, with most if not all shareholders sitting in 99%+ losses, I really wonder if they actually have 'liquidity' while the stock trades under one million shares daily, if any at all. Even if there is volume the stock seems to remain at $0.0001 for months so I cannot imagine that any shareholders really feel that they can get out of the stock if they desire, that is without taking substantial losses. With a nine billion share O/S, I seriously doubt that the shareholders are cheering the 'benefits' of having such a 'liquid' stock.
It is a shame what this management team has done to shareholders in RFMK.
Shame.
Do or do not, there is no try.
$RFMK
Judging from the past history though, the corporate entity which Rapid Fire Marketing came out of performed a reverse split back in 04/16/2009.
The current management team has been running RFMK for about three years and has not done an R/S, so it appears unlikely that one would be done, though during Mr Allinder's tenure the O/S has increased dramatically from about one billion shares to about nine billion shares (9-fold increase).
However, for that massive dilution over three years time, the company has become virtually debt free and receiving about $25,000 per month in funding, along with having inventory, a fulfillment facility, supposedly a new product (Pocket Puffer) launching soon, a new hemp farm and other financial and corporate accomplishments like getting reporting current with the SEC and OTC markets.
Though there have been considerable delays in the development of the Pocket Puffer so the picture is quite mixed with this company and management team.
It is unclear at best.
It is anyone's guess at this point on what could happen ultimately, but my own personal guess is that the Pocket Puffer may indeed finally get officially launched and I have to say it could wind up becoming an industry leading e-cig device because the features are in fact better than any product out in the e-cig market today. The Pocket Puffer is no Chinese Alibaba knock-off as the bashers will claim. It is designed and engineered from the ground up with all new and uniquely designed parts. Also I believe the company is currently engaged in efforts regarding a patent for the technology.
I think much of the funding needed has mostly been accomplished at this point and now the company can move forward with a flagship new product in the market along with the potential for acquisition of a company already with its own revenue stream which could finally get RFMK out of the OTC toxic funding spiral which has seemingly caused the stock to tank into the gutter over the years now at $0.0001. Who knows Mr Allinder could R/S but IMO it would destroy confidence and confidence and trust in the company is already teetering on disaster. One way it could be done whilst keeping investor confidence at least to some degree is to perform a reverse merger with an existing company which already has a decent revenue stream. That way the number of shares could be decreased and the stock price could be set higher but at least investors would get a subsidiary which could bring in much needed healthy cash flow to RFMK and allow it to get off of the toxic debt spiral it has been engaged in for the last three years.
There is no way around the simple fact that ultimately, real revenues from actual sales are required for investors to flock to the stock of a start up company or at the very least the expectation of a future revenue stream (launch of a new product, etc). This has been the case for the last several years but management has not been very quick to move this company forward in attaining that financial condition.
It seems that management is very focused on a myriad details while the bigger picture of a real revenue stream (even if not profitable) alludes them. This is a very large concern for shareholders. The delays with the Pocket Puffer have surrounded small detailed issues found in testing and management seems to want a 'perfect' device out on the market but they fail to realize that there are larger concerns in running a company. There are bigger fish to fry than how secure the doors close on the Pocket Puffer (silicone additions, etc) or that every particular documentation to the SEC gets them perfectly current on reporting standards. While an audit and current reporting is important to shareholders, what is more important is that the company gets off of the training wheels of toxic debt funding and begins to stand on its own two feet and make revenues. Even if the costs are over the income causing the company to lose money each quarter, at least that is a start, then over time costs can be cut and marketing can ramp up so as to pull in larger revenues and become profitable slowly but surely, but years and years of development stage work while toxic funding the entire time and still no product or revenues is extremely worrisome for shareholders.
Hopefully for the sake of shareholders Mr Allinder will finally announce 'soon' that the Pocket Puffer has ALREADY launched and the PP website is up and running and currently taking orders from the general public. While it is a very good practice for management to be transparent and put out updates to its shareholders as it has done over the last few months, eventually, over time, followers become frustrated with update after update about minutia which does not really matter to the bottom line of the company, meanwhile the stock sits at $0.0001 and there is effectively no volume.
Mr Allinder once said in a PR the notion that the 'liquidity' in the stock was the most important benefit to shareholders this company had to offer, but with the current sad state of affairs, with most if not all shareholders sitting in 99%+ losses, I really wonder if they actually have 'liquidity' while the stock trades under one million shares daily, if any at all. Even if there is volume the stock seems to remain at $0.0001 for months so I cannot imagine that any shareholders really feel that they can get out of the stock if they desire, that is without taking substantial losses. With a nine billion share O/S, I seriously doubt that the shareholders are cheering the 'benefits' of having such a 'liquid' stock.
It is a shame what this management team has done to shareholders in RFMK.
Shame.
Do or do not, there is no try.
$RFMK
