I think that the share price will rise with the launch of the...

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toli

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08/05/22

14:44

Post #: 61274042
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Originally posted by tanon: ↑

I think they will need to raise capital because they are losing money YOY and sales and cash don't look to be be enough to cover expansion to the scale they need to be at. They are really still proving their product with customers and importantly demonstrating its cost effectiveness. They need to crack large scale installations and dominate the niche they think should be theirs because it is not a competitive mass market product.

Wrt CR, they can't leave it until the last minute. They have ~4 quarters of cash coverage and will need to raise capital this year. So that is either shareholders coughing up or being diluted.

It is encouraging that their YOY losses are trending down slightly. There is green momentum but also worsening economic conditions.

My post 7May was just my musings and wondering if I had missed anything. I would like Redflow to do to do well and am still considering investing to increase my interest but chance of it proving to be a good investment seem low to me atm. I hope I am wrong. The chance they go out the back door is also there per the note in the audit and their is no NTA backing the SP.

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I think that the share price will rise with the launch of the Gen3 batteries into production.
Possibly some deals will be struck in line with the launch of Gen3.
Redflow can hardly announce sales of Gen3 batteries before they have released news that they are actually manufacturing Gen3.
With any luck the share price will rise high enough by July to encourage us shareholders to convert our options to give the company a few more millions to work with, without an immediate capital raise required.
Just my thoughts.

RFX Price at posting: 3.8¢ Sentiment: Buy Disclosure: Held
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