It's "RFMK", not RFNK, just FYI.
Why would you "load" the proverbial boat here? Just curious..
Do you believe it's cheap at $0.0004?
How do you know for sure Ironridge is "absorbing" shares recently? Did you contact the transfer agent recently?
The last SS metrics I know of are thus,
From Transfer Agent: 9/03/2013
Total authorized: 5,000,000,000
Total issued and outstanding: 2,330,113,736
Total restricted: 270,085,212
and really the only way to know if dilution is continuing at the normal rate is to compare the SS figures from last month. I am guessing RFMK is still getting it's $50,000 per month from Ironridge and it is indeed dilutive, but to what degree I don't think anyone can really know because it depends on the future average PPS.
In my opinion it is quite a sad state of affairs when the outstanding share figure is so high a number that it cannot even be set as a 32-bit integer variable.
Int32 can have a maximum value of 2,147,483,647 and RFMK O/S is now greater, which IMO is rather pathetic. Some sites cannot even show such a large O/S because they are not using a long signed int. Sheesh!
Every trader/investor must make his/her own buy/hold/sell decisions but it seems the 0.0003 T-trades are still getting printed so who really knows what is going on behind the scenes. At the same time it is important to remember that only in the last few days has the daily volume been up close to 50M shares which only represents about 2% of the total outstanding shares.
I choose to not draw any conclusions on what is happening with the stock because of PPS moves and "action" caused by a few market players who wish to print prices for a few months with 2% or less of the total shares. BWTFDIK. Feel free to speculate and "load" the "boat".
GLTY
Why would you "load" the proverbial boat here? Just curious..
Do you believe it's cheap at $0.0004?
How do you know for sure Ironridge is "absorbing" shares recently? Did you contact the transfer agent recently?
The last SS metrics I know of are thus,
From Transfer Agent: 9/03/2013
Total authorized: 5,000,000,000
Total issued and outstanding: 2,330,113,736
Total restricted: 270,085,212
and really the only way to know if dilution is continuing at the normal rate is to compare the SS figures from last month. I am guessing RFMK is still getting it's $50,000 per month from Ironridge and it is indeed dilutive, but to what degree I don't think anyone can really know because it depends on the future average PPS.
In my opinion it is quite a sad state of affairs when the outstanding share figure is so high a number that it cannot even be set as a 32-bit integer variable.
Int32 can have a maximum value of 2,147,483,647 and RFMK O/S is now greater, which IMO is rather pathetic. Some sites cannot even show such a large O/S because they are not using a long signed int. Sheesh!
Every trader/investor must make his/her own buy/hold/sell decisions but it seems the 0.0003 T-trades are still getting printed so who really knows what is going on behind the scenes. At the same time it is important to remember that only in the last few days has the daily volume been up close to 50M shares which only represents about 2% of the total outstanding shares.
I choose to not draw any conclusions on what is happening with the stock because of PPS moves and "action" caused by a few market players who wish to print prices for a few months with 2% or less of the total shares. BWTFDIK. Feel free to speculate and "load" the "boat".
GLTY
