RIS 0.00% 34.0¢ richfield international limited

Sitting on a huge cash pile but no indication from management...

  1. 300 Posts.
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    Sitting on a huge cash pile but no indication from management what are the future plans .

    The issue of the sales / acquisition of share and the sale of outstanding shares is still a cloud over the company. Management who are the controlling shareholders make no comment or statement to the ASX about these matter.
    How does a company with a profitable business and huge cash holding operate in a vacuum - little or no information to shareholders about the business.

    Why don't the majority share holders take out the minority shareholders and operate RIS as a private company , it is economic sense. There would be saving of several hundred thousand $ per year.
 
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Currently unlisted public company.

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