Rapid Fire Marketing, Inc. (PINK:RFMK
, RFMK message board
) closed up yesterday, although there were no news, filings, or promotions. A press release was issued after the close.
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.
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.