Thanks Dreammaker, I guess another 30M shares ente
Post# of 11899
Thanks Dreammaker, I guess another 30M shares entered the O/S since the end of 2012 (in the last 30 days roughly). Perhaps more restricted shares but if the upcoming 10K only goes to end of year, we will probably not know the nature of the share increase until the end of year reports for this year (2013). The question is, did the float change. If not then those new shares were probably converted from preferred shares into restricted shares which cannot be sold for a year. Either way, it represents a 2% dilutive effect on the O/S so not much of a concern IMO. The main concern for shareholders at the moment, IMO, is the LACK OF THE 10K!!!! Where is the audited 10K?!!!
I think all investors should do their own DD and buy/sell according to their own situations and seek all publicly available info on RFMK but I for one told myself that I would wait a few months until the end of the year to see the 10K and if no 10K then I would sell out and move on. Then I learned that the 10K was delayed because the company wished to include the end of 2012 reporting period and so would need some extra time preparing Q4 records/data, so I told myself I would wait another month to see, but at this point, it is the end of the month, the 10K is missing in action, so I am not really sure where I stand right now. I am not a basher, I am not a pumper, I am just sharing my own opinions and I believe I have the right to share my opinions like everyone else on the internet. All I am saying is, I seriously have started to have major concerns about the lack of transparency. What has kept me thinking positively is the "current" OTC reporting status and the quarterly filings. At least that is some red meat investors can chew on, but at some point, we loyal longs really do need the main course, steak and everything yummy so we can feel satisfied; bread and butter can keep us alive for now, but without the meat, "soon" we will be starving. RFMK obviously really appreciates their shareholders and loyal followers who still have hope for success, with all the positive tweets and facebook posts, however without realized corp accomplishments, it is looking like a very dicey investment at the moment. Investors NEED that audit and 10K, ASAP. Not later, NOW. Where is it?! The delays are understandable and all can be forgiven if and when the 10K is finally delivered but until then, more hot air, blowing sunshine up... and promises will just not satisfy investors appetite. Sorry to rant, but this lack of the 10K is starting to weigh on sentiment and it destroys CEO credibility and keeps investors away. It is a major problem right now IMO. Investors cannot invest without transparency and especially in the midst of constant dilution. The 10K would deliver total transparency and credibility. Period.
$RFMK