Definitely cheap but these guys are burning $1m a qtr. With your cash number, they would be about at the door of a new CR. There's new income to factor in with the Pioneer deal but then there's also this,
• Pioneer will support Rewardle with corporate support services in exchange for equity which will reduce operating costs by approximately $200,000 per annum
These guys need to find the proverbial rabbit.
ps. if you look at the chart, the release of shares out of escrow was the start of the downtrend.
RXH Price at posting:
1.6¢ Sentiment: None Disclosure: Not Held
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