RFX 0.00% 9.7¢ redflow limited

Ann: Redflow raise $4.9 million from Entitlement Offer, page-7

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  1. 407 Posts.
    lightbulb Created with Sketch. 144
    100% agree.

    I am a LTH who has participated in EO's before, but I didn't this time. While there was a number of reasons for this, the prime reason is because the Thailand factory was unable to produce batteries for months, and there was little communication, explanation or accountability over this. This is completely unacceptable, and reflects very badly on the management team.

    Also, the times of asking for close to $20m, with a couple of lines about what they are going to do with the funds are over.

    I am a big supporter of Tim, and he is finally kicking some goals, but stop taking shareholders for granted. And sort out Thailand.

    HOLD
    HELD
    Last edited by gilesy71: 16/08/23
 
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