RFN Value With In, page-40

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ddzx

37,911 Posts.

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15/08/17

12:45

Post #: 26504214
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Originally posted by Dodgers ↑

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??

Expand

what about the balance sheet?

at 31/12/16 had $1,412,416 in trade payables vs $574,520 in trade receivables plus another $240K in liabilities. the cash was $2,202,946. therefore, the net payables position was around $1M

how do you know what payables were paid off during the last half with seeing the annual report?

maybe RFN still has $1M in debt, which halves the EV?

please tell us the EV, including debt. Thanks

?????????????

Last edited by ddzx: 15/08/17

RFN Price at posting: 1.5¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 0.1¢		Change 0.000(0.00%)		Mkt cap ! $611.6K

Open	High	Low	Value	Volume
0.1¢	0.1¢	0.1¢	$1	950

Buyers (Bids)

No.	Vol.	Price($)
25	29114373	0.1¢

Sellers (Offers)

Price($)	Vol.	No.
0.2¢	35654211	25

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No.	Vol.	Price($)
25	29114373	0.001
0	0	0.000
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.002	35654211	25
0.003	48697320	17
0.004	2865000	8
0.005	1090204	4
0.006	3000000	1

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