I mostly agree with your points. I think that the MMJ sector has a lot of potential for future growth and many of the stocks are not yet pricing in such growth. The true test in time will be which start up companies pull ahead and define themselves as winners in the industry by way of massive marketing and sales. Sales do not just come out of nowhere. The business must have good connections to get a supply and distribution chain up and running and fund operations in order to obtain a decent inventory and then engage in mass marketing in order to drive consumer traffic to retail locations as well as online e-commerce sites like thecannacig.com. Some seem concerned that the company itself does not sell the product but such concern is totally unwarranted as RFMK is a producer of devices as well as having MCM which will be in the business of marketing services, so as for the Vapor Inhaler product, RFMK does not need to sell the device directly, they will rely on distributors as affiliate partners to market and sell the product. Besides, VInhaler.com is still up and running, so if consumers wish they can still obtain the product direct from the company. This is a non-issue. The other "concern" spreading among the naysayers is that RFMK is not a manufacturer. The definition of manufacturer is a company which makes things (produces products) on a large scale. "Rapid Fire Marketing, Inc. is a developer, producer and of vapor inhaler products.", so RFMK produces the line of VI products. Sure, the company, like many companies in the USA, outsource the actual making of the device to Hong Kong where all of the devices are assembled but the product is still RFMK's, its their design, they made it, they produced it. If it is said that I designed, made and produced a widget (electronic chip) but took my plans to some 3rd party factory to have them stamp out the silicon wafer, after they delivered MY product to me, I would still be said to have "produced" the chip. Any other interpretations are just splitting hairs and building mountains out of molehills. Its just worthless spew by those who for some reason wish to spin innuendo to manipulate sentiment.
Stocks move and down. Pink sheet stocks, especially, are highly influenced by volume and in low volume, typically, the effect is such that they move down aggressively. Anyone who looks at the RFMK chart over the last two years can see that anytime there was massive volume coming out of low volume, the PPS skyrocketed, and anytime the volume had been very low for a long time the PPS continued to move down down down. Its simple, volume preceeds price, especially in illiquid sub penny stocks. There are very few long term investors in such speculative sub penny stocks; most get in and out whenever volume increases and not many hold during times of anemic volume. Not to mention the overall number of interested investors/traders/flippers who even know about RFMK is rather puny compared to the size of the float, thus exacerbating the influence of volume on price volatility. The point here is that the PK stock ticker RFMK is NOT the company. RFMK does not equate to Rapid Fire Marketing Inc in any way shape or form, especially not right now IMO. Perhaps in the future the company will be fully reporting, trading on the OTCBB and consist of a greater number of long term investors but until that day, RFMK.PK is just a trading vehicle for flippers, MMs and market playas who just love to mix it up with their daily shenannigans in the stock. It also does not help that amidst all of these games, the company dilutes to funders to raise operating cash; this the bashers love to accuse for every single down day in the market.
None of this though excuses the company from the apparent failures/delays of certain corporate goals, like the audit and the filing of the 10K. What happened to the alleged new board of directors? What happened to 20,000 units? What happened to "cash" funding; seems IronRidge arrangement is pure equity (dilution). What happened to big news coming soon?! I am a long term investor so actually the promise of big news always allegedly coming soon and then nothing ever happening is fine but the point is that there have been many great things talked about over the last 8 months or so but the only real accomplishment shareholders have seen from the company is the successful launch of the CannaCig and Cumulus. This is GREAT work, by the way, I want to make it clear that I applaud the CEO and everyone involved for getting the real product out and into the real market, that is a big success. However, there is no doubt that there seems to have been a lot of over-promising and under-delivering in the last half year and that is very dissapointing. It would be better for credibility going forward for management to just remain quiet until something real and material is accomplished and then PR it. As a shareholder I do though enjoy periodic shareholder updates to inform us, generally, what is on the menu and what is the direction but promising timelines is obviously a bankrupt strategy for investor sentiment, so long as those promises cannot be kept within weeks or even months of making them. IMO we need to begin to see real corporate accomplishments here very very SOON until we can again feel that the company is on the right track and delivering shareholder value. For now, the company still has much potential and I have high hopes for its success, and as for the stock, well, it is just an illiquid, unknown, low volume, beaten-up MM and flippers play toy left for dead after all the dilution over the last year so IMO watching its daily gyrations and drawing conclusions and causal relationships with the PPS and the company is just a fools errand.
Signing off.... wake me up when management delivers the promised (six months ago) audited 10K to the SEC. Until then, my suggestion for longs who already own their ideal position stakes is to HOLD, for those interested in the company to patiently and slowly start to build a position taking full advantage of these prices near par value and for those who think its all just another stinky pinky dilution scam to go and be the savior for others and use your precious time on other more lucrative ventures rather than wasting it bashing and slandering company principles and shareholders daily apparently for your own amusement.
Toodles....
$RFMK
