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Why has RFN decreased in value by 68%, page-85

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elleburra

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23/02/16

11:41

Post #: 17091267
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Originally posted by stonemasonn ↑

Allow me to break it down for you Choco.....

Although we don't have exact figures I broke last quarter's revenues of $389 000 down like this

$90k in October $129k in November and $170k in December (increasing by $40 000 more or less each month.)

Now if you know how the company's business model works you'll know that at this stage existing revenues from clients joining the Reffind platform are 100% recurring.... so just as we increased our revenues by $40 000 month on month last quarter I think they'll do $60 000 increaases this current quarter so this would give us.....

$230k + $290k + $350K = $870 000

Is this unrealistic? Is this expecting too much?

Not for me.

Expand

SM,
as I said nothing to do with courage of convictions, fear, etc, etc.
Just a realistic effort to keep my feet on the ground and not succumb to the falling in love with a stock bug.
Been there once, cost me a motza, but I did learn.

BTW from the quarterly:-
(qtr 1/10/16 to 31/12/15)
Subscription revenue increased 227% from the previous quarter (of $119,000)

does that make it $270,000 or $389,000, can anyone clarify?

RFN Price at posting: 44.5¢ Sentiment: Hold Disclosure: Held
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Why has RFN decreased in value by 68%, page-85

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