Ann: Redflow successfully completes $5m Share Purchase Plan, page-10

I also got that phone call.

Looking at the SPP results, half a million dollars over the target amount is $500,000/$30,000 = 50/3 = 17 (approximately) shareholders taking up their full allotment. Only Boardroom and Redflow know the exact figures, but that, to me, doesn't strike me as a super strong result. It's good that they reached their target, but it's not a resounding affirmation in the company. That would probably explain the cold calls.

What annoyed me the most about the cold call, though, was that I'd already put in for $30k. The payment had been made, and it absolutely should have been received by Boardroom by the time of that call - it was made only a couple of days after the placement opened. For them to cold call without cross-checking against those who had already made payments (and especially those who had paid the maximum allowed) doesn't really speak well of their processes (whether it was Redflow, Boardroom, or a third party company making the call, the ultimate responsibility in my book is still Redflow's).

All that said, I do think Redflow has strong potential (pun intended) in the energy storage market. The next twelve months or so is likely to be key - we need to see some solid wins, over and above those we already have, on the board.