He would do so by delivering much needed transparency to shareholders via the filing of an audited 10K report. IMO that would go a long way in showing that this company means business and is here to stay and on the path to become fully reporting. Uplisting to the OTCBB then becomes much easier and would be just around the corner after some additional paperwork with the SEC and FINRA. Right now all loyal shareholders can point to in order to show that the CEO cares anything about us are the accomplishments over the last year in regards to the development of the product, launch and organizing funding and business partners to get the ball rolling; which is all great and investors should take note of all of those accomplishments. However, what we also have is a ton of dilution in our wake and shareholders have to pick up the tab for all of that but IMO we have all beaten a dead horse on the dilution points for years so we all know that it's not all coming up roses, but it also does NOT mean the company is just another pinky dilution scam either. If Mr Allinder indeed is going to do what he claims then shareholders will not be left with unanswered dilution in their wake and instead will get transparency eventually via an audited 10K and uplisting. Using some of the $50k/month from Ironridge on some share buybacks would not hurt either IMO and at such a low PPS near par value for the stock I cannot imagine Ironridge would complain about using the funds for that, assuming their intention is act as a long term shareholder remaining at about 10% ownership; they have remained as very long term investors in the other ventures they have been involved in.
We can only wait and see, time will tell, no one can know the future despite claims of this "going to .000's..." or "going to da MOON...". For now, my own personal opinion on the short term is that it seems that Ironridge with this recent dilution has probably churned the total number of shares they would have needed to over time in order to make back their initial investment of $700k; just a speculation. So perhaps the dilution is done and with many long term holders with positions at an average near the 200 DMA it appears the stock could just fluctuate about the 0.002 level for some time until everyone gets better clarity as to where this business is going. With so many retail investors sitting on the sidelines though the stock at least has the potential to sky rocket should some game changing news create a spark here IMO. How high it could go is anyone's guess but keep an eye on the marketcap, that is the main consideration. Other micro cap companies like CBIS and HEMP have untort market caps yet the balance sheet and revenues look to be similar to RFMK, though those stocks have about half the size of the O/S, but even so RFMK valuations are about 1/40th what CBIS is which in my opinion makes no sense whatsoever other than CBIS is on a higher tier and more visible to investors so a greater amount of investor capital is mixed up in the name. I think only a few hundred investors (or thereabouts) even know that RFMK exists so as time goes on who knows, the market cap could move up substantially even without any corporate developments and with corporate game changers, who knows, the stock could break out to new 52 week highs on any given day. Even the flippers forget sometimes that they too can make a lot of money should the stock move aggressively to the upside; it does not need to stay suppressed at a low level forever in order to make the flippers money. Invest/trade how you will but RFMK could fly on any given day IMO.
May the force be with us.
$RFMK
