The remarkable thing about this is that the revitalization of...

The remarkable thing about this is that the revitalization of Wooboard is estimated to take 3-6 months and $100K-$500K "in the next 6 months".

This will supposedly fund: " increasing headcount in the technical development team (both onshore and
offshore), hiring a new marketing/social media manager, increasing the customer support team and
sales team"

This is a bit of a head-scratcher - at $200K-$1M annualised, this is really not very many salaries (presumably they will keep forking over $$$ to management who have been sitting on their hands). And being realistic, this is a beginning, not an end. At 6 months from now they might be back in the game - maybe - but they would need to keep spending money and iterating their product. There would likely be many quarters of revenue required to ramp Wooboard to where it could be self-sustaining.

The other question is whether this current management team is well-suited to revitalize a fairly stale product that has many much more successful competitors now. Peer recognition hasn't stood still even if RFN has.

The only way this could work is if they sell Loyyal stake to fund this, but I doubt that a share of "blockchain for frequent flyer" company is the most liquid asset right now.

This sounds like a tactic to collect director and manager salaries for a few more quarters during COVID-19.