RFX 0.00% 9.7¢ redflow limited

Ann: Trading Halt, page-41

  1. 4,200 Posts.
    lightbulb Created with Sketch. 786
    Well it's actually close to the truth that the survival of RFX is closely related to the success of Tesla. If it wasn't for the continuing support of Simon Hackett, RFX would likely be either bankrupt or acquired by a Chinese company by now. Fortunately, as a seed investor in Tesla (not to mention founder of Internode), Simon has the financial wherewithall to keep supporting Redflow. He is a technical guy, and no doubt the Redflow battery is good technology, but being good technology doesn't guarantee success. Shareholders should be thankful for his ongoing financial support (not to mention technical expertise) - I know that I am.
 
watchlist Created with Sketch. Add RFX (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.