Hey no problem. Cheers. Hotcopper is a great source of reading and also BS but you can figure out who is just great at pumping or trolling...
We all know the balance sheet on RFN is not good but realize the MC is also @ $3M.... RFN ran to $30M+ last acquisition hype and now has some solid investors in... As we have seen new director is in for $400K @ 1.5c (2x the SP at time).... I am in for 250K~ and will pick up basically anything at 0.006 at the moment but not much on offer...
Given the right acquisition + hype + Loyyal investment (which is gaining momentum outside of APAC).....this could be a nice combo to get some bigger investors in.... We look at the fact 0.006 $3M market cap has been rinsed fairly hard and the Loyyal investment being worth more than this..... When it moves it will move hard....
RFN has a really crappy past, no real resource to grow the business, and have just been left to turn into a shell..... They do have the ace that is Loyyal which isn't even priced into market cap. I feel the Loyyal is deep sales cycle multiple touch points so haven't invested time to promoting this but RFN has a good opportunity to be reborn.
Supply isn't that heavy going through to 2c from history .... big boys will break this if/ when they jump in again on positive activity....
RFN Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held