"They have investing guidelines. Uplisting or no
Post# of 11899
"They [Green Assets] have investing guidelines. Uplisting or not, a company needs a $2 million EBITDA to meet those guidelines."
Exactly correct. I think RFMK could easily make two million in earnings annually if they had the proper cash flow and capital to quickly ramp up the business. The demand is out there, the CannaCig and Pocket puffer can sell like hotcakes, especially with so many distributors flocking to RFMK. However it takes a long long time to use proceeds from previous sales to fund new batches of unit orders, so really proper long term funding is the key to ramp up quickly. However proper long term funding will not happen in a pink sheets stock. No big investors or banks or whomever is looking to invest a lot of capital long term with a company that is dark and not current with reporting requirements and on the pink sheets. That is just a simple fact. I think the CEO is well aware of this fact, so I think that is partly why the push to get uplisted to the OTCBB is a priority. However the stock cannot get to the OTCBB without audited financials and that takes a while. So as I look at it...
Audit + Q2 financial filings --> 211 + S1 forms etc --> Uplisting to OTCBB --> Long term funding deal --> Capital to ramp up quickly --> Large unit orders --> Big revenues and profits --> $2M EBITDA --> potential Green Assets investment in the company
Who knows how long all of that could take, probably about a year at the least, however if the CEO supercharges the growth rate and management performs well for the rest of the year it could happen sooner. If even getting the stock uplisted to the OTCBB by the end of the year or even better right before the Nov elections then that would be amazing progress and shareholders would have much to cheer.
GLTA!
$RFMK!
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