Difficult to see, the future is. The dark side clo
Post# of 11899
The dark side clouds everything.
Each investor/trader must do their own DD and make their own buy/hold/sell decisions but in my opinion there are a couple primary possibilities for RFMK. Best possible scenarios all the way to worst possible outcomes.
a) The CEO finally delivers on promises regarding the 10K, audited financials, uplisting and removing the DTC chill. The stock soars and the company can get on with the normal path of building a business (sales & revenues). The new dry herb vaporizer version 2 is launched and has some success in the market place, bringing in revenues and profits for the company over the next fiscal year. Depending on funding and profits, management makes a real effort to retire some of the shares in the O/S through buybacks. This is the best possible outcome and would bring HUGE value to shareholders.
b) The dry herb device is launched and has some success but all the while the CEO still fails in bringing true credibility and transparency to the market by not delivering on corporate progress. Sales & revenues give the stock a lift on improved sentiment but the market players and manipulators still remain in control with a vice grip on the stock because without credibility and transparency the big money and real investors cannot jump in with both feet, so there remains a lack of buyer interest and so the stock languishes, albeit at slightly higher levels than par (I imagine), but because of the enormous O/S of 2 Billion shares or more, the stock cannot get out of it's own way and a few million shares "sold" here or there at any price keeps downward pressure on the stock. This keeps the PPS "cellar boxed" and so destroys the companies ability to provide itself with decent funding prospects. The long term future would depend greatly on the real success of the new product out in the market.
c) There is zero progress on the corporate side and the new product is launched but it fails to be a "disruptive" force in the ecig market, and/or, even if it is the best ecig device, the marketing strategy and marketing spend capacity is too meager to produce real results on a large scale. This is the most typical problem small companies run into when they launch a new product out into the marketplace. I imagine with little to no corporate progress and no real positive change in sales/revenues, the stock would likely see not much change from the current sad state of affairs.
d) Zero corporate progress and continued delays with the new product launch. Months go by, as they have been ticking by, with no news and zero progress on all fronts. All the while the company continues to dilute based on funding needs to cover costs of doing business. I imagine this would be the worst case scenario for shareholders. With the CEO's apparent lack of concern over the exploding O/S and his disregard for shareholder value by constant dilution amidst handing over most funds raised by such dilution to sketchy insiders without explanation, I would not be surprised to see further massive dilution in this scenario; no telling how poorly the stock could perform in such a negative outcome for shareholders.
These are, of course, all just my own humble opinions and guesswork but as they say, we are each entitled to our own opinions and so I will continue to share my thoughts with all RFMK followers and interested investors/traders and shareholders. No one knows the future but we can at least discuss openly the various possible outcomes and I think these scenarios are at least possible. I think speculating on time frames for progress or failures is a waste of time and also speculating on future PPS movements in the stock likewise a fools errand it is.
Each market participant should do what they feel is right for their situation, feel free to speculate on future share prices but in my opinion to flip in and out in such low volume and high volatility with a backdrop of such a gigantic O/S, is rather risky. As I have always suggested, IF investors wish to take a position in a stock like RFMK, in my opinion, the best way to go about it is to steadily build a long position OVER TIME! Buy bits and pieces and wait for opportunities to accumulate (averaging down if necessary). Some will laugh at this approach being used in a PK stock, and it can lead to massive losses for investors if the company continues to dilute and market forces continue to push the share price down, however the remedy to this problem is two-fold; simply do not play with more money than you would fear to lose and also, diversify, diversify, diversify. If your speculation portfolio is large enough and diversified enough, even if most are losers, the few winners may just pay for all the losers and leave you with decent profits over very long time periods. Or, of course, you can play the daily flip flop game trying to beat the MMs' algo-bots out of dollars and cents. What I say to that, is, "good luck"!
Train yourself to let go of that which you fear to lose.
GLTA
$RFMK