Anyone involved in OTC stocks?

[Farmersfan]

Anyone who trades in penny stocks should do themselves a favor and check out RFMK! I got in at .002 and it's now pushing .0062 and looking like a possible .10 stock in the very near future.
This is a company that has established the ability to extract THC from it's source and now can put it in a E-cig. The medical MJ business in this country is huge. Billions! The could be a breakthrough company and this .002 stock could eventually see a 1.00 or more. Thoughts? Comments?

http://www.marketwatch.com/investing/stock/rfmk/news

[regaleagle]

So $200.00 buys 40,000 shares??? Is this correct? The worst thing that can happen is you lose all of $200.00, huh? And if it does hit $1/share, you picked up a cool $39,800.00 off a paltry investment. Are these numbers correct? I've read about and saw a documentary on TV about the coming legalization of ********* in Calif. They were talking about maybe a 3 yr. window from now. Saying it would be a huge cash crop, taxable and regulated.

[Farmersfan]

So $200.00 buys 40,000 shares??? Is this correct? The worst thing that can happen is you lose all of $200.00, huh? And if it does hit $1/share, you picked up a cool $39,800.00 off a paltry investment. Are these numbers correct? I've read about and saw a documentary on TV about the coming legalization of ********* in Calif. They were talking about maybe a 3 yr. window from now. Saying it would be a huge cash crop, taxable and regulated.


Of course everything is speculation but this is why I play with OTC stocks. I doesn't happen very often but when a sub penny stock goes to a dollar there are a lot of millionaires made. (Broadcast.com & Mark Cuban). This particular one interests me for the very reasons you mentioned. Legalization is only one aspect of it. It is already legal as a medical treatment in 13 states and will be soon in most others. The only real question is the leadership of this company and their ability to take this stock through all the pains of dealing with MM and short sellers. I seriously can't understand how short selling a stock could be considered legal in this country. It is nothing more than preying on investors...... In a long position with stocks if you win/everybody wins. The value of the company is increased and everybody involved sees an increase in their worth. With Short selling a stock the short seller is anticipating a decline in stock price which means they only profit IF other investors lose their money. It is common practice for these people to hire companies that do nothing but go on investment forums and "talk down" public sentiment of a certain company to attempt to drive down the share price. They release false and misleading statements and generally commit liable to try and drive down the value of the stock. It should be illegal......

[Farmersfan]

So $200.00 buys 40,000 shares??? Is this correct? The worst thing that can happen is you lose all of $200.00, huh? And if it does hit $1/share, you picked up a cool $39,800.00 off a paltry investment. Are these numbers correct? I've read about and saw a documentary on TV about the coming legalization of ********* in Calif. They were talking about maybe a 3 yr. window from now. Saying it would be a huge cash crop, taxable and regulated.


I don't know if I answered your question or not. Sorry. And yes you are correct. A person could invest 500.00 dollars at .002 and hold 250K shares. If the stock goes to just 1 penny it is worth 2500.00. If it goes to a dime it would be worth 25K and if it goes to a dollar it would be worth 250K. Just remember that it is a risk because very few companies go from .002 to 1.00.............. too many obstacles to overcome.

[regaleagle]

Sounds like a better gamble than the slots at the casino. BTW, I've also been a customer at CaboWabo Cantina in Cabo San Lucas. Great place to chill, and lots of fine golf courses in the area.

[Farmersfan]

Sounds like a better gamble than the slots at the casino. BTW, I've also been a customer at CaboWabo Cantina in Cabo San Lucas. Great place to chill, and lots of fine golf courses in the area.


Only been there once but really liked it. The whole dessert atmosphere appeals to me. Pancho said that there are beaches were you can swim and that would greatly increase the place if that is true. When we went we were told you would die if you tried swimming in the ocean because the undertow was really, really bad. In 7 days there I saw probably 3 different emergency situations with the few people crazy enough to go in the ocean. (or drunk enough). One took place at our hotel and it took 5 men to get a woman back into shore. They had jet skis but this woman would have been long gone by the time the jet skis made it down the beach. She was fighting 6 or 7 foot swells and every one of them would take the sand out from under her feet so she couldn't even stand up. At one point she would be standing in 2' deep water and the next it would be way over her head. Scary as hell. But I think you can swim at the harbor and next to Lands End...........

[regaleagle]

Absolutely correctamundo. It is dangerous to swim off the beaches there. We went out for sailfishing, and the seas were very choppy. After 3 hrs. I was happy to be back on land. Just spent most of the time doing the other stuff. But I WOULD go back, if it is still considered a safe destination in Mexico. Nowadays, it's getting pretty risky over there. Haven't been back to any of the resorts in Mexico in about 6 yrs.

[jason]

we went to playa del carmen for our honeymoon in october of 2010 and never felt unsafe - we even went out into the street full of vendors and food stands at night and never felt threatened...
that doesn't mean we weren't offered to buy some pot a time or two, but it was fine otherwise...

[Emerson1]

Anyone who trades in penny stocks should do themselves a favor and check out RFMK! I got in at .002 and it's now pushing .0062 and looking like a possible .10 stock in the very near future.
This is a company that has established the ability to extract THC from it's source and now can put it in a E-cig. The medical MJ business in this country is huge. Billions! The could be a breakthrough company and this .002 stock could eventually see a 1.00 or more. Thoughts? Comments?

http://www.marketwatch.com/investing/stock/rfmk/news
Did you get out when it hit .02?

[Dawgfan64]

Penny stocks are for professionals or fools...and a fool and his money are soon parted