I am holding my RFN as well & preparing for furthe dive. i dont need to cash out in near future.Yes it is a new borne company. It needs to prove itself viable within the next 1 year.However it still has a quite good core platform and a range of good products. managements are experienced enough.Now they need 200-400 new customers to survive within a year as they claimed to focus on. For a Tech company core technology is always the most valuable asset-- once it is outstanding,sales will follow up. However, it always takes time to all the new techs for clients to accept them.
Considering JPs's connections within the industry, i feel he has chance to go through these difficuties-- it is still very ,very early stages.
REA dived to 0.06c at early stages and News Ltd bought it out. I would say it could be the best investment ever News Ltd. had made.That situation then was even harder than RFN's today.
SPs are just numbers. RFN was $1.90+ last year. it doesnt mean it wont make a big dive. Now it still doesn't mean it gonna stay there forever. If you take too serious on SPs you look at, share trading are not for you really
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Open | High | Low | Value | Volume |
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0 | 0 | 0.000 |
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Price($) | Vol. | No. |
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