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14.3% 0.3¢ thrive tribe technologies limited

432m shares on issue $5m market cap $4m cash @ the bank spending...

  1. Dodgers
    725 Posts.
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    11/09/17
    10:58
    Post #: 27124914
    432m shares on issue
    $5m market cap
    $4m cash @ the bank
    spending reduced to 200k per quarter

    RFN is primed for an acquisition/RTO play in the near future.

    They have exhausted all there raising capabilities and have primed themselves with $4m worth of cash in the bank, spending reduced by over 80% per quarter to only 200k and a measly market cap along with it.

    RTO rules state the minimum price an Reverse Takeover Offer can be done at is 2 cents!

    So that would mean for any RTO to possibly get over the line here, the price would have to be at least 2 cents - currently 1.2 cents.

    DYOR
    RFN Price at posting: 1.2¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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