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Treed

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30/07/20

20:16

Post #: 46196529
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Originally posted by mordrax: ↑

They wasted their time with the Chinese demo.
They provided a system for free to them.
Then handed over all the IP.
Then stopped bragging about it in 2019 ( stopped mentioning the demo in all their announcements ) after realising they just wasted their time and money.

Also, I know someone on the inside that said the Mexican factory was absolutely atrocious. They could not make the boards or wire them even given clear instructions. Redflow flew over a team to try and teach them how to build it. As the story goes, when the team saw what was going on, they terminated the Mexican contract soon after with massive losses.

I've got 1.5% of my portfolio in it, love the idea and the industry but not gonna lie, this is a long shot given their leadership history and current predicament.

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They wasted their time with the Chinese demo.
They provided a system for free to them.
Then handed over all the IP.
Then stopped bragging about it in 2019 ( stopped mentioning the demo in all their announcements ) after realising they just wasted their time and money.

On the last point, actually, no, on 16 June 2020 on page 13 in the Updated Letter to Shareholders and Investor Presentation there is this;

From https://wcsecure.weblink.com.au/pdf/RFX/02245101.pdf

RFX Price at posting: 2.7¢ Sentiment: Hold Disclosure: Held
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