1. Quite common for startups to go back and raise more money, in fact it's almost seen as inevitable for nearly all of them if they're making any reasonable attempt to make money. And usually a speculative stock will have a hard time raising money in the first place.
2. It's a bigger waste of investor money to give up on a product with a lot of potential and perhaps see success than to let it fail.
3. Seems legitimate. Researched stock today, come out of the woodwork only to post on this one stock and down Ramp with no other posts anywhere.
4. Well the business model was actually quite clear to begin with, pricing structure ect was clearly available. It has since changed and we will likely get an update. As for the rest of it, we will have to wait for revenue to start flowing in to see how it should be attacked. I am sure they are figuring it out as well.
As for "triple dipping" it's extremely common for executives in Australia o serve on multiple boards. Even CEOs of large cap companies like TCL is on board with some mining operations from memory.
5. Entire market is down this year so it's natural to see a larger decrease in small caps not limited to RFN at all. They are still 25% up on IPO.
6. So how else will they get clients? Call the receptionist and ask to speak to Steve Balmer? Yeah right. They're building relationships and respect so people know who they are and that they're capable. Spreading the word, getting articles written about them, it's publicity and sales, and it is not uncommon in the slightest.
As for tricky revenue reporting. If I am remembering correctly the confusion is from the quarterly, where they were reporting revenue that is yet to be recieced and is coming with an invoice. They rectified that with the half yearly and stated they are going to report the money as it comes not as its invoiced.
So really there is more clarity with statements than previously which is great. Less confusion for everyone.
RFN Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held
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