Good luck to you Dreamaker, Who knows or cares if
Post# of 11899
Good luck to you Dreamaker,
Who knows or cares if Tom reads the boards. In my opinion, I don't think CEO's should read penny stock message boards, however I think he should hear about and understand the general consensus and sentiment of the company shareholders in some form or another. I typically am rather loyal to my stock picks, mainly because I am naturally a long long term holder, that's just my game, others prefer a shorter trade or flip strategy. I get into things slowly and gradually for the long term and see how the story pans out but I had become a holder late last year (before that I was accumulating into the MJ elections, etc). I held all the way through Feb even though my original no confidence date was Jan 1 2013 (if no audit/10K by then). So the market players pushed the stock up on no news so suffice it to say my sentiment had changed from a holder to a seller; as I stated on the board back then. I did not want to announce that I was no longer a shareholder because I did not want to influence others who may still be holding out for Tom to deliver on promises made to shareholders, but I think after time has gone by it is fair to inform others that I no longer hold RFMK in my speculation portfolio. Do not get me wrong, I am still interested in the RFMK story. I think if the dry herb vaporizer becomes a reality then RFMK could really have a dynamite (disruptive) product coming into the market. But before anything can really happen IMO the CEO needs to halt the promises of imminent great things to come and actually just say nothing until real true corporate accomplishments have been made and then announce that it happened (already in the past, done and done). This kind of keeping investors baited on the carrot stick does not sit well with long term shareholders IMO, especially if it goes on for a year or longer, I think most real investors can understand a month or two delay on things, perhaps even six months delay, but a whole year?!!! Hmmmmmm
I myself become loyal to a company IF and only IF the CEO is loyal to shareholders and after getting washed away with a torrent of dilution from 700 million shares to 2B shares in a year period, as a long term investor, I just do not feel the loyalty, as I do not think anyone could possibly construe the CEO's actions as being loyal to long term shareholders. I myself know perfectly well what the benefits are to dilution. The bashers are often way off base about the ongoing dilution, they amp up the rhetoric to play fear games so they can flip the stock with impunity and manipulate sentiment. However, too much of anything is not good, and at some point, shareholders have to push back when the rate of dilution spirals out of control. At one point when the O/S had moved up to about 1.2B I had stated that I thought it was likely that the O/S would or could possibly reach about 1.8B and then at that point the Ironridge funding deal for the first part would be complete and the company would be in a decent financial state to continue regular operations but it seems the O/S at even 2B was not enough and now the A/S has been moved up to 5B. Basically these are exactly the actions a management group would perform if they desired to intentionally push their long term loyal investors to lose confidence and exit the stock; management has not given real long term investors ANY reason to own the stock and support the company with paid in capital. Perhaps the CEO can possibly rebuild the reputation and credibility in the distant future but IMO there is a lot of work to do. Flippers and market players (bashers, shorters, etc) have effectively driven the stock down on low volume over a year period so that the funding would become "toxic" (no real buyers, no real bid support which forces the funder to keep dumping newly issued shares at lower and lower prices over time). This kind of death spiral does not have to happen. With a decent management team providing real transparency to investors and backing up promises and forward looking projections with actions, the longs would remain strong, buyers would be present and the stock price would be more stable which would allow the funder to not be forced to keep dumping at lower and lower prices; virtuous circle instead of a death spiral. Besides the launch of the CannaCig and the Cumulus, IMO the CEO has done NOTHING to help the situation move away from the toxic death spiral scenario. I also do not have much to say about RFMK anymore because the CEO has really not given us anything to rally behind, just silence and empty promises. All just my honest opinions, as always, despite some rather nasty individuals hiding behind their keyboards calling me a company shill and penny stock tout. Much to learn of the force they still have. There are actually some of us who still simply speak our mind without much bias and steer clear of the agendas and spin zones.
Mr Allinder has failed. Sad.
Do or do not, there is no try.
$RFMK