Thin both sides...
If I wanted to buy $20k worth of shares on the market right now, I would need to pay 0.072, pushing the price up 15%.
RNT's financials are progressing well IMO, on track for breakeven by Jun 2018. Then the market will start to take notice.
Yes - holders are anxious to see some price movement upwards. But the reality is management are succeeding in creating a profitable, low cost base business; but with little to no current effort in PR stunts to the investors market to try to inflate the price.
Take UPD for instance, a large PR spend, which is succeeding in alerting the market with many announcements. It has a market cap of half a billion dollars, but with less receipts from customers in the last 4C then RNT!
Well done to UPD's PR team, but I prefer our management team. Build the business as a 1st priority. Let the market take care of itself.
"If you book them, they will come".
- Jim Morrison
RNT Price at posting:
5.2¢ Sentiment: Buy Disclosure: Held
