Ann: Entitlement Offer - Extension of Closing Date, page-4

The only realistic way that I can participate in this raising is if I sell my shares on market, and use those funds to pay for my entitlement. I'm tapped out - I just don't have funds to invest right now (choosing to spend my available funds on things that have a direct and quantifiable return: replacing my gas appliances with electric.)

That to one side, though, it just doesn't look like a good deal to me. I like the company, and what they are trying to do, but I really need to see more runs on the board - even if those runs require expenditure in the form of new factories to supplement Thailand - before I'd be willing to tip more money in. It feels too much like throwing good money after bad, and I'm not comfortable doing that.

This announcement really does seem to me like the company isn't getting much take up on the entitlements, and that spells trouble. If we don't see a couple more big sales between now and the closing date, I suspect it's going to fizzle, and that will cause serious problems for the company. Either way, though, I suspect that this is going to be the make or break moment for Redflow.. and it's not looking great right now.