RFX 4.76% 11.0¢ redflow limited

Ok, so they raised $4.9 million. The strategy called for $6.25....

  1. 3,372 Posts.
    lightbulb Created with Sketch. 690
    Ok, so they raised $4.9 million.
    The strategy called for $6.25.
    $1.3 million short.
    This could have been a lot worse....Imagine if the announcement was that Redflow only raised $2 million or $1 million.
    It is 2020. Nothing in the world is going according to plan.
    While the $4.9 million not as much as hoped for, I would suggest this isn't the end of Redflow.
    I am confident that with some creative thinking they will have enough that the development of Gen3 will continue and that development be completed with a great battery for 2021 and beyond.
 
watchlist Created with Sketch. Add RFX (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.