Good pick up. Market is fickle. Who knows why he dumped but good for those who had buy queue especially at 0.004 ($2M market cap).
At $2M-$2.5M market cap and 0.005 having broke if you believe in acquisition potential (as per website) or Loyyal update being material soon then it is surely a high risk strong buy from these levels? News flow required. They still have a couple of quarters of cash left and a lot can happen in between then.... I still think the SP can multi-bag at these levels on the right news. 3x is break even for current director.
If its just business as usual like the last year has been its a strong sell and move on imo.... I will wait and see what happens this quarter and might buy some small parcels because of the risk / return and director having skin in the game but at least RFN has options - Acquisition, sell off loyyal, show market the loyyal growth and all the hard work that has gone into the last YEAR....
The bad publicity recently on * hasn't helped the situation - Investors still associating RFN with CHP/CMY Anthony Dunlop Will be an interesting next month or so @ RFN.
RFN Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
