Ann: Loyyal Investment Update, page-42

yes, bad choice of words by me; I meant winning the takeover bid for Loyyal, or taking a bigger stake thereof.

RFN is certainly as risky as it could get; a badly run company with bad choices, this is even more risky than a mining explorer with a slumped commodity price. I have a good nose for dogs. Multi-year downtrends with few and non-sustained periods of bullishness, indicating constant failure to meet objectives. Many CR's and constant dilution. Poor performance also comes through clearly, in any ann. Takes about 5 minutes to spot a proper dog.

RFN have minimal cash, bidding for another lackluster one (Loyyal) whilst managing a second underwhelming initiative (Wooboard). Wooboard is a joke imo. That BIO thing was probably the one to keep, dunno. Wooboard. Seriously.

Even still, conduct the CR, ann some new venture, and pop. Maybe newer management means RFN can turnaround (somewhat). The TO of Loyyal + IPO would be a good outcome. Who knows if they've the mettle to do that.