Just saw...

Just saw this-

https://unauthorised investment advice/tech/there-could-be-fireworks-at-reffinds-agm-today/

The Reffind AGM today could be a fiery one if shareholders’ anger on- and offline is any indication. They’ve been venting in online forums and calling directors – even former CEO Tim Lea, who quit in September, chairman David Jackson told *.

Furthermore, the AGM will deviate from the script sent out in October, because director Nicholas Diamond is resigning ahead of the meeting.

Eugene Loy, from Dalcouth Ventures in Singapore, bought 5.2 per cent of the company last week for $400,000 and Mr Jackson hopes to bring him onto the board instead.

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Mr Diamond told * he would be resigning from the Reffind board on Friday night.

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Mr Jackson insists that investors who have gripes should go to the AGM and “help run the company”.

He was very excited on Friday having secured for Reffind a new substantial shareholder in Mr Loy.

Reffind, he says, is about to turn a corner.

The board are planning to recapitalise the company, suggesting a capital raising is imminent.

Reffind had but $1000 left in the bank at the end of September and planned to spend only $261,000 this quarter. Full year revenue for 2018 plunged 62 per cent and its flagship Wooboard product made less money for the company in 2018 than in 2017.

Mr Jackson says with Mr Loy on board they are planning a push into Asia with rewards business Loyyal, which they bought a stake in and the rights to a licence last year.