Hurtszz, I tend to agree with that assessment. Of course in pink sheets land you never know when the company will execute another round of dilution or insiders convert and dump more millions of pref shares into the float, however it looks like the dumpage is showing signs of letting up. The candles are showing many hammers and spinning tops here at the bottom. It looks like deep triple zero prices are getting rejected and gobbled up by longs but possibly not enough volume to get it up over the .001 level; still enemic volume. Also the daily short sales are still eating it alive like piranha.
20120810|RFMK|1925000|0|4808668|O
One must assume that as usual, the shorts were probably covered intraday which means 1.92M*2=3.85M were just short sales and covers, which only leaves about 1M shares traded normally for Friday. That is only about $1,000 worth of shares trading hands which are not part of a daily shorty cover pump and dump game. That is peanuts really. Once hundreds of thousands are changing hands daily this could be up in penny land, just a matter of time, assuming management accomplishes certain goals in the coming months. Need to see those filings. I think transparency right now is the key. All of the fundamental developments involving sales, revenues, new product, CannaCig demand along with increased distributors and Cheryls amazing work on the media side is all outstanding and great for the company and stock, but without financials and filings, unfortunately disciplined investors probably have to skip this play and invest in another, and usually its the disciplined investors with the big capital. Hopefully we see larger buy volume in the future based on transparency, filings, the DTC chill removed and a possible uplist.
GLTY
$RFMK!
