But then there's the Eugene Factor - who IMO is probably inline to tip in further funds to keep the lights on at RFN. He's got skin in the game!
I just happened to be re-reading up on this, so to recap (from LinkedIn);
Eugene Loy - Non Executive Director (holds 26,772,984 Ordinary Shares in RFN) Refind Limited (ASX:RFN) is an ASX listed company specialising in the loyalty and engagement. In 2017 it invested $2.3m in Loyyal, moving them into the blockchain loyalty space. Refined Limited is now looking for local programs to begin utilising Loyyal's platform to drive business efficiencies and improve customer experience.
'Managing Partner of Dalcouth Ventures, a private equity and corporate advisory firm.
Dalcouth Ventures corporate advisory business identifies commercial and corporate opportunities, creates synergistic partnerships, and provides both commercial and project funding. New businesses either continue to operate under Dalcouth or are able to seek independent funding. Dalcouth gains through the sale of the business for cash, equity or a combination of these. Joint venture participation is also possible'.
'Origination - Dalcouth Ventures origination business identifies prospective businesses across several sectors. After conducting multidisciplinary due diligence and developing suitable business models it identifies and engages suitable project staff with an independent management team to cultivate each business'.
RFN Price at posting:
0.5¢ Sentiment: None Disclosure: Held