those pinning the company's hope on international expansion...

those pinning the company's hope on international expansion driving earnings need to ask themselves how much does RFG actually make on there international store? RFG are only the issuer of a master franchise in these international markets. RFG make stuff all compared to being the master franchisor which they are in Australia.

So, RFG will need to grow there international store numbers by many many multiples to at a minimum to combat the declining store numbers in Australia.

McDonalds, KFC, Hungry Jacks etc have massive wait lists and times to become a franchisee. People are moving to outback WA to open there first McDonalds. RFG have no wait list. No one wants to own a RFG franchise. This is evident in the lack to new stores being opened. Simple fact.

Many franchisors are opening corporate stores as they can't find any franchisees. If RFG had secured good locations then why aren't they opening them as corporate stores?

The stock trades at 5c for a reason. Until they can show some growth in store numbers it's not going anywhere. Let alone a Disallowed!