Ann: Trading Halt, page-7

I like this company and its product but I didn't take up the entitlement offer. Too many bad experiences where companies have ongoing capital raising and then go belly up or sit in the dulldrums forever. Of course the top executives always seem to get their high salaries.

Further, whilst they have a great product, IMO, they also need to be targeting the residential markets, which is not evident, otherwise, the battery tech will never sit on the radar of the governments when they decide where to throw some money to people moving towards green power options. They have had some great results with installs in WA and recently QLD but not enough. Not enough positive news coming out, 1 every 3 months or so isn't enough to drive confidence.

As I commented previously, I am interested in this battery tech but no local installer in my area, nearest is 200km away which incurs additional costs. Not many installers as RFX do not appear to push residential.

With regard to phone tower battery installs, this is a niche market that they are ideally suited to and while some Telco's will take it on, others will stick to their existing battery / generator tech or alternative tech. ~10 years between upgrades of batteries, I don't see enough sales coming from this area continuously to see great returns. It's ok to blame Covid for low sales demand at the moment, but the tech is out there in some countries now being tested with reviews available. Negotiations can be had via the Internet without having to travel and Telco's seem to be doing alright out of Covid with the increasing use of mobile networks. Freight is still moving.

I hope this company gets up and moves forward. I wrote off my losses in RFX FY20 and now only hold a small amount, hoping...

Just my opinion, DYOR.