For what it's worth, this is my take based on rece
Post# of 11899
Posted On: 12/20/2012 2:46:52 PM
For what it's worth, this is my take based on recent interaction with management as well as a very similar unfolding of events with another company I have been involved in under similar circumstances.
1.). OTC "current" status. RFMK had to issue the unaudited annual report in order to follow the steps to achieve "current" reporting status. This is a required step for 10K reporting and request for uplisting. IMO a PR will be released within the next few trading days highlighting the company achieving current status. In my experience once the attorney letter is posted, it takes 2 days for OTC to reflect current status.
2.). Release of the 10K. IMO this will take place at the beginning of the year to maximize exposure given the limited trading during the holidays. I know this sucks as it should have been completed months ago but it does make sense to wait now IMO.
3.). News on new products, mergers, orders, marketing etc. IMO there are many things happening in this area that Tom is waiting to release at the right time to ride the momo caused by achieving current status and the 10K.
As a result of this and again all IMO, I have made the decision to hold on until the end of January. If I am off base here and things still have not occurred, I will cut my losses and move on. My gut tells me that I'm right though.
Happy holidays to all of you!
1.). OTC "current" status. RFMK had to issue the unaudited annual report in order to follow the steps to achieve "current" reporting status. This is a required step for 10K reporting and request for uplisting. IMO a PR will be released within the next few trading days highlighting the company achieving current status. In my experience once the attorney letter is posted, it takes 2 days for OTC to reflect current status.
2.). Release of the 10K. IMO this will take place at the beginning of the year to maximize exposure given the limited trading during the holidays. I know this sucks as it should have been completed months ago but it does make sense to wait now IMO.
3.). News on new products, mergers, orders, marketing etc. IMO there are many things happening in this area that Tom is waiting to release at the right time to ride the momo caused by achieving current status and the 10K.
As a result of this and again all IMO, I have made the decision to hold on until the end of January. If I am off base here and things still have not occurred, I will cut my losses and move on. My gut tells me that I'm right though.
Happy holidays to all of you!
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