$4M CASH,NO DEBT,SHELL/ACQUISITION PLAY

432m shares on issue
$5m market cap
$4m cash @ the bank
spending reduced to 200k per quarter

RFN is primed for an acquisition/RTO play in the near future.

They have exhausted all there raising capabilities and have primed themselves with $4m worth of cash in the bank, spending reduced by over 80% per quarter to only 200k and a measly market cap along with it.

RTO rules state the minimum price an Reverse Takeover Offer can be done at is 2 cents!

So that would mean for any RTO to possibly get over the line here, the price would have to be at least 2 cents - currently 1.2 cents.

DYOR