News: RFX Redflow posts net loss for year attributable to members of $12.9 mln, page-4

Yes the Reuters sound byte was a bit scary, however I draw you attention to this.

Release Date: 14/07/17 08:52
Summary: Capital Raising
Price Sensitive: Yes
Download Document 143.25KB

Am right in thinking Mr Hackett and his cohort of sophisticated investors have just invested $14.5 million  of their money? into buying shares at 10cents a share.

These guys I assume aren't looney tunes. They have a much better understand of the companies potential than any of us in shareholder land.

I must admit my immediate reaction was to head for the hills and cut my losses. However why did the band of sophisticated investors invest $14.5 million in the company, unless of course they want to create a massive tax right off?

Admittedly I know nothing about shares so what I wrote could be twaddle.

New website looks a lot better but a couple of links seem to go off piste.