Annual Report for RFMK on OTC markets website. Lo
Post# of 11899
Annual Report for RFMK on OTC markets website .
Looks like my guesstimations were quite close in regards to number of shareholders of record and the publicly traded float. I still believe that the market players and manipulators collectively have about 400M to 500M of the float which they can use at any time (likely in collusion) to affect PPS and volume fluctuations for their own psychological purposes.
The sales for 2012 were rather weak but it still was a near 1,000% increase in sales from the year prior so at least this pink sheet company is actually selling a product, which is more than can be said for most pinkies. I imagine most RFMK followers already knew that Q4 sales would be rather weak. The Q1 sales and revenues could have been better and the upcoming dry herb vaporizer could be a "game changer" as far as sales/revenues is concerned going forward. IMO submitting the 2012 Annual Report, even though unaudited, is a great first step toward full transparency for investors. Good work, Mr Allinder, THANK YOU, shareholders appreciate getting informed periodically of the financial condition for the company they OWN. Now we need the audit and 10K to be accomplished. It does look like the unaudited financials in this submitted report is enough for a broker to submit a 15c-211 to FINRA for uplisting to the OTCBB, though of course the company will need to also submit an audited 10K eventually to comply with fully reporting standards once registered with the SEC via the Form 10-SB; the exact timing and sequence we have already discussed many times over. 
Some specific lines (below) in the annual report stood out for me.
http://www.otcmarkets.com/financialReportView...;id=101757
" The sales in 2012 were $39,923 , an increase of $36,097 or 943%, as compared to $3,826 for the year ended December 31, 2011."
" Total assets ... $1,846,107 "
"Total current liabilities ... $654,497"
"Shareholders of Record: 53"
"Public Float: 437,852,710"
"Our main competitors are Cannabee, G Pen and ATMOS. Compared with their products, our products are the smallest unit on the market, the most easily portable unit on the market, and the most inexpensive product on the market ."
"Rapid Fire Marketing’s line of products are produced in Hong Kong and distributed through both an outsourced fulfillment center and one of our employee’s offices, both located in Southern California, USA. Rapid Fire Marketing maintains an address at 311 West Third St., Suite 1234, Carson City, NV, 89703. The office is maintained by Val-U-Corp which provides various corporate services for Rapid Fire Marketing"
Accountant/Auditor : "StoryCorp Consulting"
" The Company has commitment for $1,500,000 in financing from Ironridge Global , an international fund, in the form of preferred equity purchase, with the first tranche of $50,000 due and payable in March 2013, with 29 subsequent monthly tranches thereafter of $50,000."
"The Company does plan to implement a contract sales force to help distribute its products through retail outlets in the 17 states where are products are legally sold."
http://www.otcmarkets.com/financialReportView...;id=101758
"In our opinion, the Information (i) constitutes “adequate current public information” concerning the Securities and the Company and... (ii) includes all of the information that a broker-dealer would be required to obtain from the Company to publish a quotation for the Securities under Rule 15c2-11 under the Securities Exchange Act of 1934..."
GLTA
$RFMK!
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