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Ann: Results of Meeting, page-67

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andyt44

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03/07/18

23:07

Post #: 34119606
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Originally posted by drifta ↑

Since the results of meeting came out, and showed shareholders voted down directors ability to raise further funds, i believe RFN will now struggle to find another way to fund the company, and because of this the shares will stay low and may well go much lower. I was completely shocked and taken by surprise by the NO vote.
When shareholders buy into a company, they are also putting their hands up to the board.
As we know, the company has limited funds since their $2,995,000 spend last quarter on loyyal investment. The accounts will now show $1.4 mi at best.
I personally believe voting down the boards ability to raise funds will now have a significant negative on the company moving forward, and may well come back to bite those shareholders who voted no.
Maybe this was one reason why CHP sold out to protect their remaining funds.
I'm not too worried though as have held for some time and sold plenty earlier this year, but for sure i'm certainly not on the side of the NO votes.
drifta

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Sorry mate but this is mostly clap trap.

RFN Price at posting: 1.1¢ Sentiment: Buy Disclosure: Held
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Last 0.2¢		Change 0.000(0.00%)		Mkt cap ! $1.223M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
15	23154990	0.1¢

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Price($)	Vol.	No.
0.2¢	39639555	31

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No.	Vol.	Price($)
15	23154990	0.001
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0.002	39639555	31
0.003	13902623	12
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0.005	1940204	5
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Ann: Results of Meeting, page-67

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Ann: Results of Meeting, page-67

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