Interesting. Thanks for sharing your insights and perspective, Floatable.
In my opinion, the audited financials and the 10K should have been made public back during the November elections when the MJ laws were changing nationwide and there was a lot of excitement in the investor community. Back when all that was happening, nothing happened for RFMK, except promises about big things coming "soon". These "imminent" accomplishments never came, so as an interested RFMK follower, I personally am of the opinion that it may be better to wait and see what the CEO delivers (or not) before coming to a consensus as to the efficacy of his work. At this point, I will believe it when I see it.
Though I do agree with you that with the stock at all time lows and with practically zero volume except for maybe a few market playas doing their thing supposedly "providing liquidity", it may indeed be a great time to get in; perhaps at these prices there is an opportunity. IMO it could be an opportunity only if the CEO is in fact working diligently on actually realizing certain corporate accomplishments. The issue, of course, is that we, the investing public, really have no way of knowing what is going on behind the scenes. He could very well be wrapping up a long arduous audit process and it's nearly done and he could be submitting filings very very soon, OR, it could all just be a lot of hot air, to instigate excitement over the stock so investors buy up the shares the company is selling so the money raised (after months of massive dilution) can be handed over to sketchy insiders. As a long term investor (not a trader in PK stocks), I always remain hopeful that management can do the right thing and bring real shareholder value by way of actualized corporate progress. He may still very well come through for shareholders! And for me personally that will be a major BUY signal on a fundamental basis because the CEO would have then restored management credibility from my perspective. I think much credibility was destroyed with the last filing which effectively showed the CEO handing over half a million dollars to B. Fouch for some unknown reason. IMO such dealings behind the scenes need to be fully explained by the CEO to shareholders. Clarity and transparency are not bonuses, they are absolute requirements for investors to be able to feel confident of that in which they invest their hard earned dollars. At different share prices, I naturally become a bull, a bear or agnostic, depending on what is currently the status of the fundamental story. At 40% to 30% below par value for the stock, I must say, it is rather difficult to feel bearish of RFMK stock, no matter what is going on. I think it is now "make or break" for this company "story". Either the CEO comes through for shareholders or he does not. It's that simple. IMO those on other boards beating a dead horse 24/7 are wasting a lot of time in their lives. Some boards have become a cesspool of hatred and nonsense squawking of mindless banter between obvious manipulators of sentiment and it's made up mostly of 24/7 bashers and haters. I would not be surprised if most of the talking heads are paid bashers for firms massively short this stock. All must do their own DD and make their own buy/hold/sell decisions. IMO to always be only a bear at any price is ridiculous (so long as the company is not actually a PK scam), and to always be only a bull at any price is also mindless. Investors must know their own financial situations and learn to have levels associated with certain fundamental analysis such that the investor becomes a bull, a bear or agnostic at particular share prices.
May the force be with us.
GLTA
$RFMK
