Yes, well said Noddy. For us long term shareholders same old...

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23/11/23

13:10

Post #: 71067146
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Originally posted by noddy2: ↑

What a load of bull, making comparison with a time frame that achieved nothing. Not one new fact in this at all. But please vote to increase my bonus. They have had 2 years to sort out the factory now we wait until we have orders and if that doesn't work where are we left at. A chairman who gives one report a year and can't find anything to tell shareholders, apart from we have no control over the share price. Well that not right! producing a result will help the share price. Like sell some battery's. The position of MD and CEO need to be split to give shareholder a fare go. Separation of board and management is needed to give good governance and control direction. The board is more interested in bonus for the boys than building shareholder value. No mention of losing a key installer or how they intend to manage this going forward. They appear to be unable to walk and chew gum at the same time with concentration on one market, which has a long lead time for project whereas the local guy was giving a regular pipeline of projects. With the present management focus the share price is unlikely to hit 25c before 2050. Was about 4 or5 years ago we were talking about when we hit cash flow positive and now it not even a consideration or a likely endeavor. We have a chairman who is talking about non-dilutive finance. So, he wants to borrow cash to pay big salary's. rather than sell batteries to pay for big salary's. I must be having a bad day I expected move from this AGM.

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Yes, well said Noddy. For us long term shareholders same old rot. Staff lining their own pockets whilst mum and dad shareholders get shafted. No wonder Simon H reduced his major holding. Rfx still doesnt even have a battery it can produce at quantity. After all the r&d millions still zbm3 is a dud. Not even confident the new changes will work given the track record. Facebook conference pics do not justify the salaries the head people are on. Shame on them. Chairmans comments clearly show that they have now flogged the shareholder capital raise horse to death. The question is, future invest in rfx or put ones $ into a lazy term deposit. I know which one will bring a return. They havent even got any concrete profitability ideas. How are they ever going to get a cornstone investor. DYOR. Heres hoping my lotto ticket comes through to cover some of the losses on this.

RFX Price at posting: 19.0¢ Sentiment: Hold Disclosure: Held
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