Wang Gand - Pudu, page-91

Yep, to this news I say "Zàijiàn" (Goodbye) to you all,

Mainly for these three reasons:

Cash & cash equivelants/trade & other recievables = $5,893,477.00

v Total liabilities = $18,639,928.00

& add to that, Tritium are liquidating so RFT is sitting on a mountain of inventories that need moving.

The questions:
How will they pay their liabilities without significant contracts?
How will they get such contracts in current times?
What will they do with current inventories? - Fire sale? Remodel (associated expenses)?
** When are these companies that RFT owes calling in their debts? No one knows, but when they do, RFT doesnt have the funds sitting around to pay them? **

Not to mention:

https://esdnews.com.au/ev-charging-firm-tritium-faces-insolvency-appoints-administrators/

If Tritium can't pay is subsidiaries, it certainly can't pay RFT. I doubt RFT will see any cash from Tritium through the liquidation process now.




I took a glass half full outlook, but now Tritium are gone and I've looked over the latest report again with that in mind, I'm out lads.

I'll hang around and keep an eye out in case they pull a diamond from the ruff and announce more significant contracts. But I'm no longer confident.

Good luck to you all!