Good points, agree, I do. It is important to remember that we are all speculating on all of the details because the Pocket Puffer has not even yet been officially introduced, all we are going on is a sneak peek of the prototype of the product. It sounds like others are claiming it is nothing other than a eGo-CE4 (LED) model. That model vapes e-juice only. From what I understand of the Pocket Puffer, it is supposedly going to be able to vape "anything"; solid plant tissue and matter. So perhaps it is a mod of that generic model but in any event, it will be a product that stands out from the rest in the market because of its added functionality. Even if it was the same exact model with no change, I see how the competition would be stiff, however I still do not see how even that level of competition would put RFMK in "trouble". As we have discussed before, even if RFMK uses some of the products in the product line to simply act as a distributor (from China to the consumer), does it really matter? As a public shareholder and investor, I cannot invest in any of those private companies doing the distributor (import export) business. But I can invest in RFMK because it is a public company. I think we all realize there will be competition, there are a host of vaporizer products out on the market and its very good to discuss the level of competition but I just wonder how much we can garner from such discussions when we do not even have the details yet about the new product and we have not even seen yet the level of sales performance by the company based on their current marketing efforts. Let us wait for Q3 and Q4 earnings reports so we can see the sales and revenues coming in based on GotVape, Vinhaler site and dispensary stores and we will know more and we will be able to judge and compare the revenues to how we think the competition is performing against RFMK. Really even that will be speculation because we dont have the balance sheets of those private distributor companies so we have no idea what they make in sales.
I think its a good point to remember that any vaporizer product is going to be similar to what is already out there; there are only so many ways you can atomize MMJ, nicotine or other substrates. The crux of the game of selling vaporizers will be the factors involving marketing and business relationships (for supply chain scale) and I think RFMK management is doing rather well in this area so far, not to mention its practically the only public company doing such business so I do not see what other stock I should invest in along these lines. Truth be told, I am already a shareholder in most of the ecig and MMJ stocks available these days. I think RFMK has its limitations for now but I think its on a decent growth path and management is executing on the plan so it seems like good things are happening.
GLTA!
$RFMK!
