Well I had an inkling this was coming but decided I like the story enough and the next 4C will tell a more complete picture so I purchased back in. However, this isn't necessarily a bad thing.
For 1. Jamie Pride is well respected, which is a big thing with small caps. He also own a tonne of shares and recently purchased more.
2. More money means more progress.
3. If Insto's buy into the story, that's great news. They have all the power for research and if they hold, that's good news.
4. Money is coming in earlier rather than later. So the company has assessed they are off target and decided to cash up early, forward thinking from management who are willing to admit mistakes. Also good sign.
This isn't all terrible.
Ann: Trading Halt-RFN.AX, page-60
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Mkt cap ! $941.2K | |||
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