Ann: Appendix 4C - quarterly & commentary-RFN.AX, page-26

These guys have 6-months to sort their s##t out as based on this 4C they have 10-months cash burn at bank (9-month today).
Just a classic example of 1) List too early 2) List with wrong broker who ramped story 3) Subsequently disappointed on BS guidance 4) Forced to raise at dilutive prices post disappointment (oh - and raise before they come clean on how they (double) count customer numbers and charge for product - or give it way for next to nothing it turns out).

They haven't even got genuine validation in Australia yet- why are they moving to the US so early? Ego?
There has been zero progress in cash receipts over the last 9-months DEC $164k, Mar $134k and Jun $156k.
FY'16 total cash receipts = $492k - at previous pricing policy (~$15k) equates to around 32 paying clients for the year (16 on the new price scale).

Do Fosters or Blue Ocean the brokers behind listing even follow the stock now?

The whole episode is a Disgrace.