Bombers and Sundowner are both right. Sales and reach is looking good and I really think they are onto something now they are part of the Covid testing market. However, for every dollar of revenue they improve each year they find a way to spend it long before appearing back in shareholders hands. The next quarter, if you can believe their rhetoric, should be cash flow positive - then and I only then will I be convinced we have turned the corner. I said at 10c RNO was a buy - until we are cash flow positive (or announce more deals supporting that we will be) I think the 20c range is a hold and RNO is fairly valued in this range - hence my change of sentiment.
RNO Price at posting:
19.0¢ Sentiment: Hold Disclosure: Held
