Rapid Fire Marketing, Inc. (OTCMKTS:RFMK) Slashes Off Another Third
Rapid Fire Marketing, Inc. (OTCMKTS:RFMK) seems to become boring for investors, as the news of climbing to a higher tier are wearing out, and the price lived through its second day of profit-taking. RFMK retreated by another 30% to $0.0056, as selling expanded to $2.4 million. This is not an unusual event for RFMK, which has seen days in the red follow periods of robust buying. 
RFMK, despite the fall, continues to receive endorsement from investors, with expectations ranging from an easily achieved price of a few cents to less realistic positions above the dollar levels. Now, RFMK will have to prove it actually plans to market the vaporizer prototypes, as it is coming in a bit late to a market where other companies are already prepared to provide similar devices.
Unfortunately, RFMK may be caught in a generally pessimistic week, where gains were rarer, and the best-traded marijuana companies sank down on a correcting trend. The positive days often followed a significant trend in the red.
RFMK could be compared to older, better-traded e-cig companies, which are a class of their own, with significant appeal among pot stock choices. The leading mCig, Inc. (OTCBB:MCIG) tries to overcome its weakness, as it had two days of small gains, toward $0.77. The other indexed company, Vape Holdings, Inc. (OTCMKTS:VAPE) also stopped the slide and ended the mid-week session at $24.
What is more unfortunate for RFMK is that there are not even expectations of a fresh PR, and the week is already almost over, setting the question of how investors’ sentiment survives the weekend. Buyers will be stuck absorbing the risks of the 2.8 billion shares free float, as well as the further five billion authorized shares. Also, RFMK has a history of wiping the slate clean with reverse-splits, thus presenting from time to time a better share structure.
For now, RFMK shows that its business address is in a respectable area in Nevada, though its financial situation is a bit off, considering the big plans for selling its products. The financial report reveals:
- $1,812 cash
- $362 thousand total assets
- $181 thousand total liabilities
- $3,242 revenues
- $90 thousand net loss
Currently, the stock price of RFMK stands at about half the peak levels, so there is an incentive to take this position as a bargain. For RFMK, there is a big chance that the old triple-zero positions are left behind, at least for now.
But don’t take it as a guarantee- Latteno Food Corp. (OTCMKTS:LATF), a heavily traded ticker, was weighed down enough by its large free float, so it revisited its rock-bottom prices in the recent past.
In the case of RFMK, there are more robust alternatives, but if you like this stock’s potential for fast gains, at this price a wildly successful day is achievable- just don’t rely too much on this scenario.
