Not sure who sold but most likely freeing up capital for another play and/or crisis money. I still hold ~50M and not needing to sell.
In this for Loyyal as well and do expect RFN to keep hold of as much cash as they can at this stage. They are getting fees for doing FA at this stage Australia, US, NZ all in essentially a lock down and tourism is dead.
You're right though loyalty programs and airlines coming out of this will be humming again so looking forward to seeing the upside here.
Whilst there is a downturn in airline flights they can look at pilots to save $$$.. why not?
It is actually tempting to buy more at 0.002 $2M market cap with about $700K cash+ a holding worth potentially millions in Loyyal.
RFN have had disgustingly high spend for what is it though. Have reached out to directors to ask to curb spending during this time and after all it is a shell with Loyyal and they wouldn't have any input to their operation......
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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39 | 79337523 | 0.001 |
0 | 0 | 0.000 |
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Price($) | Vol. | No. |
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