The price of RFMK stock rose 14.29% to $0.004 on nearly 20 million shares.
The price increase was something of a surprise, even if it’s within recent levels. RFMK has kept its promise to start providing some reports, but it still has the limited information sign on at OTC Markets.[BANNER]
Additionally, the reports haven’t really shown much to get shareholders excited. A natural choice for pumping the price would be issuing press releases. The one from after the close yesterday, says RFMK has executed a comprehensive agreement with Otherside Health Management.
It’s not clear if the agreement will actually bring something significant to RFMK shareholders. The press release mostly contains the usual optimistic “forward-looking statements.”
RFMK’s “statements of operations” for the year ended December 31, 2011, however, aren’t all that optimistic. For the whole year RFMK managed a total revenue of $53 thousand.
The press release could push RFMK, but without actual positive results it’s hard to understand why the company has a market cap of $901 thousand.