RFN DETAILS
Current shares 282 million
Current market cap $2.54 million @ .009c
Current cash $2.50 million+
Current EV = 0, zilch, nada
- RFN has reduced its outflows from $1.1m each quarter to around $200,000 the current and next quarter - an 80%+ reduction in outgoings from prior.
- The company is currently valued AT CASH BACKING ONLY - there is zero upside for the Reffind product factored into the share price &/or any future acquisitions for the company.
- With RFN taking the quarter off to curb back cost outgoings & successfully doing so by reducing them by 80%+, as shareholders we can look forward to seeing a potential deal done in the future IMO for RFN within the tech space which has recently been seeing a lot of daylight once again.
- An estimated outflow of only $250k for the next 3 months puts the company in a very strong position and one that it could easily double in value from current levels. A simple explanation is as follows -
125m shares raised recently (ALL TO SOPHISTICATED INVESTORS) + 12m shares raised (TO EXISTING HOLDERS) + 27m shares raised (TO 4 SOPHISTICATED INVESTORS)
ALL AT A BASEMENT PRICE OF 1 CENT
164m shares issued @ 1 cent
48m shares recently released from escrow won't be seen at this level
= 212m shares locked away
very little free float
RFN is currently well undervalued to what it should be - news should not be far away for holders and with this LARGE wad of cash sitting in our bank, I think we may have something serious coming our way. Why else the need for so much cash when our outgoings per quarter have been reduced by so much??
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Last
0.2¢ |
Change
0.001(100%) |
Mkt cap ! $1.223M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $600 | 300K |
Buyers (Bids)
No. | Vol. | Price($) |
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29 | 31581298 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.2¢ | 14620626 | 11 |
View Market Depth
No. | Vol. | Price($) |
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29 | 31581298 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.002 | 14620626 | 11 |
0.003 | 12317636 | 12 |
0.004 | 2816000 | 7 |
0.005 | 5722104 | 8 |
0.006 | 1800000 | 2 |
Last trade - 13.38pm 04/10/2024 (20 minute delay) ? |
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