Unfortunately I cant take at face value most of the promises RFX are making. As an example, in the Quarterly update released 28 April (pg 4) RFX addressed their manufacturing issues as a supply chain issue and advised that they expected to be back in full production in mid May.
In their most recent Investor Presentation (pg 21) RFX have advised they expect to be back in full production in mid August a full 3 months later than they advised.
The information that was provided is the Quarterly was, in retrospect, erroneous and as a result misleading in MY OPINION. RFX should have resolved its manufacturing issues before asking investors to stump up more cash.
I am a large shareholder and sincerely hope for RFX to succeed but they have not done this Cap raising well.
Good luck
Unfortunately I cant take at face value most of the promises RFX...
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Last
10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $27.74M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 10.5¢ | $3.086K | 27.77K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 134051 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 2134 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| RFX (ASX) Chart |