Ann: Market Update - Sales Disclosure , page-13

I have 2 theories.

- Another sale in the pipeline. Buyer presence is strong enough to suggest something is going on there.

- Forward looking value investing. RFL are ever moving to 'go live' status on a couple of their recent sales. Obviously generating income, improving the bottom line of each quarterly report as we progress.
See below for further thoughts on this.

I have posted the following elsewhere.

"For the first time in a long time RFL have reported a decent positive Net Operating Cash Flow for this quarter of $1.21m.

Previous results have been,
31/7/12 - ($199k)
19/4/12 - ($44k)
24/1/12 - $160k
26/10/11 - $226k
28/7/11 - $102k
20/4/11 - ($751k)
28/1/11 - ($696k)

Good to see them heading in the right direction, I will be watching the next quarterly cashflow report closely."

In my opinion I see the future earning potential of RFL beginning to be realised.

In past discussions with management an investor presentation was to be assembled once the COIN acquisition was bedded down.