Redflow were always going to need more money. Surely this is not a surprise?
The question for me is this for yet more R&D (they have a history in this regard!) or is it to fund increasing sales of a commercial product which is ready to go to market?
Yes, the 10c options from the last CR in June last are set to expire on 30 July. The fact that these options are so far 'out of the money’ is disappointing to say the least.
Unless the Executive can soon, very soon, ‘pull a rabbit out of the hat’ one has to wonder if they are worth their big fat salaries and their generous options packages. This will be a matter to be canvassed at the next AGM.
That said, there are quite a few interesting appointments being made. A new Financial Controller announced just today; a new Senior Scientist last week; and , also a new Customer Applications Engineer and a new Product Manager…all recent.
Anyway, just musing here, and it's likely that I am TOTALLY wrong...BUT, in my reading of the ‘chickens entrails’ does this point to fleshing out the 'corporate structure’ as part of a potential ‘dual listing’?
Time will tell.
