Oversubscribed?, page-9

WELL NOW!
RNT management in my view have deluded themselves as to capital required to get to breakeven and in the process mismanaged the fundraising process and now at serious risk of a debilitating cycle of diluting wash, rinse, dry capital raisings at lower and lower prices.
Last year when sentiment was there they had the chance to really top up to do the job but they failed to go mainstream with a broker who could have got them the big lick they needed for the job and to support them with research, capital and ongoing market advice instead they landed with a second ranker group who in my view had no further interest than the one off fees to never be seen again as their investors dumped their shares.
Now remember they have been developing this business for 8 years and the best so far is a paltry $203, 000 March quarterly sales ( YTD $434,000)
A negative cash flow of $1,687,00 for March quarter. ( YTD $4,482,00)
Remember they earlier raised $5.00 million at 20cents June and in November 2015 they raised another $3.6Million at 28 cents
So going back again to the market was always problematic and going with another lot of chancers charging very heavy fees at a big discounted share price raised $5.5 Million at 15 cents. very Ho Hum.
So investors have pumped in over $14 Million in 10 months and this time we are to believe this will be the last time they will need to tap the market to get to cash flow positive?
To date its self evident RNT have grossly underestimated the cost to get any revenue traction by the revolving door of capital raisings.
I would like to believe they will get there before the need for another diluting CR but I am far from convinced.
I think they have a great story but the story eats cash morning noon and night and will the market keep feeding it when it they keep disappointing.
So far clicks are far from cash