2.5 M. Is this just under the 15% so no shareholder meeting/Approval?
Are they topping up?, on the cheap, or they are broke? and can only afford to put in what they can?
If they are broke or going that way, 5+ M losses for the last FY, why only 2.5M CR.
Me thinks there is some good news just around the corner, knowing what the Boots figures are will be interesting for us LT Holders.
Construction of the global platform appears to be gaining traction now, hopefully having secured the appropriate personal and distributors to make the business a success.
The balancing act,
grow the business, increase the debt, so by volume they make substantial profits.
The products are getting favourable feedback.
So what I contemplate, what could be the best/ worst case scenario for RNO?
CR: Tick, done for this year without going to shareholders
Promotion/platform: Tick. Growing awareness
Public Approval: Tick. around 85%
Capital: Is there going to be enough turnover to survive? Min requirement?
Cash Flow: significant improvement required, projected profitable income stream established
Distribution: global
Product: has good interest to date, in sport health fitness community
Incurred losses to date: amount to 30M
RNO appears to be a company that will either become profitable or be sold to a major player in the market'
That is how I see it.
RNO Price at posting:
3.5¢ Sentiment: Hold Disclosure: Held