Cheers BRAGG.# The SP was 3.6c before the suspension, was even...

Cheers BRAGG.
# The SP was 3.6c before the suspension, was even down to 3c prior.
# The HY report was more than enough for the 50% drop ( Making a loss , EBITDA margin contracted to a dismal 10%, Still large inventory that is not moving, large drop in working capital which is sure sign of a business in hibernation not expansion mode, Cloudy outlook)
# The mere fact that Machin & Yeoh decided to stay is an acknowledgement that something needed to be "rectified" even without them being directors. After all they have been with RFT for a very long time (decades in the case of Machin). I don't doubt their commitment specially that they both have a large vested interest.
# All other managers ( Paul Davies , UJ Tan & David Xu) elected not jump ship......Again another sign that the change was needed.
# What did we lose....Tino , Jitto & Yanbin.....Can we confidently say anything flattering about Tino or Jitto?....As for Yanbin ,he seems to have lost his way with his lack of forecasting the current problems RFT is now in.
Anyhow 2024 will be a tough year, but RFT backbone is sound....We ought to give the new BOD the benefit of the doubt before slandering them without really knowing much about their capabilities.