Agree for the most part. The constant dilution is

Agree for the most part. The constant dilution is just killing credibility along with zero transparency and unkept promises for a half of a year about an alleged audit, 10K and uplisting.

Actions speak louder than words. I do not agree with the flipping strategy for any PK stock, it is highly risky and foolhardy in my opinion, but traders are free to do what they wish, good luck with that. I myself flip currencies because the high level of liquidity means that the moves are more meaningful on any given day; so if it happens to go down then you are truly down, and vice versa, whereas in these illiquid no-name penny stocks if you happen to be up or down a tick or two it really means nothing because hours, days or months later someone else could spend a few dollars on shares and the PPS could rise a few ticks and you once again are allegedly back to cost basis but of course having the liquidity to get out is another concern. For highly speculative risky penny stocks, my personal view is just to build a position and hold long-term in hopes that the company story progresses. If any out there wish to call this "front-loading" or laugh at it calling me a "stuck holder" then that is fine, whatever, that is why proper investment strategy in these depends on money management as well. For instance, I only have a couple MMJ penny stocks I hold for the long-term and altogether they make up only a minor fraction of my total net worth so even if they all go to zero value it was still worth the punt and the loss can be absorbed by gains in other portfolios. Just my opinions.

As for RFMK, I agree it is getting very difficult to support this company because the CEO continues dilution without any shred of transparency. Roughly six months ago, I quit accumulation because of the dilution with no verified (audited) explanations. I have been merely holding for quite a while and I have had a HOLD for the stock for a long time while waiting for this elusive 10K and audit but at this point it seems clear that those hopes were unfounded and it seems not much is actually happening, so I am uncertain about the future. I doubt I will ever be convinced that this is just another stinky pinky dilution scam but on the other hand I can admit when I am wrong about a company or stock. I think RFMK still has a LOT of potential but we continue to see a lot of TALK and NO ACTION (realized accomplished corporate goals). RFMK is NOT a scam, it is just another struggling micro cap attempting to grow and the only funding they could get was massively dilutive to shareholders, which in itself is fine, assuming the CEO provides transparency but massive ongoing dilution and management going dark is not a good mix.

I think if the new product (dry herbs) really coming then this could be a game changer for RFMK, however it remains to be seen. We have had many forward looking statements. Many though I might add HAVE in fact come to pass (launch of the VI/CannaCig/Cumulus product) so the notion that the CEO has not come through on promises in the past is false. I will not become an RFMK basher, but I will say that RFMK longs have much to be concerned about but also much on which to be hopeful. The problem is it becomes more and more difficult to remain positive and hold high hopes for the company and stock as months and months go by with just more talk and no realized corporate accomplishments. Hopefully "soon" the CEO can deliver what he has promised to shareholders. IMO the failure has not been about the CEO improperly predicting when the audited 10K will be filed but rather the extended time period from when shareholders were told that an accounting firm was in the process of auditing a 10K to now (six months later) and there is still no audited 10K in existence. We don't even have an unaudited Q4 or annual report filed at the OTC markets site, which would be fine if we got the audited 10K soon but months continue to pass and it never happens.

I would like to though re-iterate what I have stated in the past. The first point is that at this point with all the dilution we have seen, there is reason to believe that if Ironridge was the sole beneficiary of those diluted common shares, then based upon the 200 DMA and 52 week lows in the stock, it stands to reason that Ironridge already has churned enough shares in their approx 10% stake in order to have made back their original $700k to cover the first part of the Ironridge funding deal. Remember, so far what we know about the second part of the deal is that there were 150 pref shares traded for $50k/month for the next two years; which of course is not enough information for shareholders. But I continue to see statements made which insinuate that ongoing dilution to Ironridge must necessarily occur in order to cover the $50k/month deal but this is FALSE. Do not make the mistake of misunderstanding the nature of the two seperate funding deals. Of course, we still do not have information to understand what those 150 pref shares represent (how they could possibly be converted to common shares, etc). All I am saying is that it is unclear, it is unclear because the CEO has not yet delivered true transparency to the shareholders of whom OWN this company. 

Bottom line in my opinion is that the CEO needs to provide required documentation and deliver on long standing promises for real true corporate goals which so far have from the outside looked like nothing more than delay tactics in order to keep investors interested while ongoing dilution continues to devalue their holdings. IMO it is an outrage and my sentiment of HOLD may very well soon turn to SELL should the CEO not provide this alleged audit and 10K uplisting soon.

Do or do not, there is no try.

$RFMK