from today's Under the Radar report (which puts a Sell recommendation on RFF:
'What investors who are currently exposed need to consider is that a complicated acquisition and large rights issue took place in July 2018. The timing is important since management are relying on the last audited accounts (to June 2018) in its defence.This is partly a circular argument. The auditors rely on management for the informationwhich is audited. In the investor webinar to respond to the assertions, managementmade confident assertions about the accounts and the company’s delivery against itsforecasts, saying that they expect to release the results of an Ernst & Young investigationwithin three weeks. But concluded by saying:“in that time, investors must form their own opinion regarding the accuracy of ouraudited financial statements.”'
RFF Price at posting:
$1.95 Sentiment: None Disclosure: Held
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(20min delay)