The technicals are lining up perfectly along with the...

The technicals are lining up perfectly along with the fundamental side of this stock.

The average weighted volume for this stock over the past 50 days is 1.1, coupled with the 50 day moving average being 1.1. The stock is coming out of heavy oversold territory and is looking to move north in the very near term.

When assessing the fundamental side of the stock, we can see that price movement to the upside is not far off.

With a $4.8m market cap and $3.8m cash in the kitty ready to make a blockchain acquisition, the company is well positioned to do so in the very near term given:

- the appointment of Matthew Hamilton as blockchain industry advisor. Hamilton is currently the head of operations for Loyyal, based in Dubai whom are a universal rewards and loyalty program (similar to Flybuys etc) built with blockchain technology.
- Hamilton's connections are of the highest caliber. Loyyal has already signed up IBM, Deloitte, PWC and CapGemini to its ranks.
- Cashed up to the gills for an acquisition. What makes this better is the lowered spending of this company, reducing there quarterly spending previously from $1.1m/quarter to only 200k/quarter.
- Spending is also offset by the existing revenue the Reffind Platform is currently generating.
- The blockchain acquisition is synergistic to Reffind's current operations. No messing around with recompliance etc etc.
- Blockchain is MASSIVE at the moment and everything attached to it has been running. OOK, YOJ and a few others have ran hard off the back of blockchain announcements.
- Fresh board with a brand new approach to this stock.

The stock is currently only trading at a 10% premium to what sophisticated investors forked out over $2m for over the past 3 months.

As Von stated, the process of bringing RFN into adequate shape for a blockchain acquisition is complete.
- the company has raised huge funds
- fresh board appointed
- the company has appointed an industry expert
- a strategic overview of the company was released indicating that they are seeking a blockchain acquisition
- ?????

This looks primed