Hi centrenow in regard to your post on the 21st June, i can only presume to give you as much info as RFL did.
1. 4th quarterly/cashflow report. Not far off.
2. I would not be overly concerned with this. The Head of Development is no longer required as they are happy with BIAB technology and have moved from development and put more effort into sales. CFO role has changed hands to Giddings who has significant experience in getting new technologies (Vecommerce) into big banking institutions (NAB). Positive in my eyes.
3. No informative answer for this one, but i assume he is not there to buy gold trinkets. Then again, maybe he is!
4. They have chosen to spend spare monies on a share buy back rather than a special dividend return, coupled with that there has been director buying above the current SP. I guess this shows long term belief in the company, and although many companies have invested in themselves to there own detriment, i shall give them the benefit of the doubt.
5. See 1.
In regard to post on 22nd June.
1. Costs have been reduced by letting go Head of Development (assumably no longer required)
2. Hopefully increase in sales staff will see increase in sales, therefore revenue.
3. In FY 2011 they also exited 2 investments profitably, you win some, you loose some (especially in this market).
I am relatively new to this investment, and am willing to give revenue time to increase. All questions i would have asked have been covered well in your posts, so until Yearly Activities and Cashflows are posted, i shall keep the status quo.
Thoughts on my reply would be appreciated.
RFL Price at posting:
4.9¢ Sentiment: LT Buy Disclosure: Held
