So take from this what you want and as always DYOR...
RFE where out from the states recently... I spoke to somone who attended...
- Someone big selling down should be out soon
- They currently have a road show going around Australia
- The RFE purchase was substantial for US 11 million...Its book value at the time was 40 million, This should be represented on there books after June FY.
- Going to do a dual listing on the NYSE soon to drive more local interest
- Once it gets up to a 100 million market cap, Insto's will look to buy in
- They admit to poor marketing and will be doing something about it... Therefore expect to see increased marketing activity...
- They do not need to raise capital and should be in profit within 2 years...
- Apparently Bailleus are doing a research note on them now. This should spark more liquidity and interest in the stock
Again... DYOR
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