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0.7¢ rectifier technologies ltd

nothing we can do,, just waiting for ASX to pull their efforts...

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pakkham

12,012 Posts.

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01/02/24

03:39

Post #: 72174303
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Originally posted by Pariselec: ↑

Let's run through different scenarios
before we start, a few assumptions here:
a) 16% shares that chairman has, is not even pocket money for him.
b) you bought the business because you know the people in the company are motivated to go and get results in the crowded space, that they are operating in.
c) the new directors that the chairman has place upon us as the successful ex-directors understand are not up to the task

1- ASX finds misconduct delists the company, then:
You just see what happens. But generally, we lose, as now you have a private company, and you must sell up to someone on a massive discount. Not desirable. You bought ASX listed company for it to be liquid.
2- ASX finds misconduct but only fines the business, the stock opens again, then:
Ok it will cost the business therefore us as shareholders. The business might require more funding. The business does not have directors that understand the business and the space it is operating in. Overall, we must sell and lose.

3- The stock will open ASX finds nothing, then: (remember this would have been the ideal scenario before this whole shenanigan. Meaning you did not want any suspension and you could trade your stock easily)
Small shareholders are in minority do not have a voice. chairman gets what he wants. Side effect more people want to sell. Then short-term impact on the price. Defence force future contract questionable. Capability of the company to innovate and thrive is question mark.
Answer honestly, do not want to be a part of it?
The chairman and his team are net buyers. After all they may have a plan since they really wanted to have certain people on BOD.
People sell, I will lose, chairman wins!
4- The stock will open ASX finds nothing but this time the financial results is positive in few month. Then, the chairman has his team operating the business how he likes. You have no say as small shareholders. You sell on a profit, and you win!
I do like to know the perspective of the people who hold the stock, their best and worst scenarios.
Are the more scenarios or you want to add to the consequences? Please share your ideas and solutions.

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nothing we can do,, just waiting for ASX to pull their efforts to present the compliance issues statement>>
why so long>>? i am asure there is a daily dialog with CEO and it new board??
why silent>
i had similar case long ago<< the company went up and gone overnight <<. the answer from the director was>> that what happen when you deal with crooks??
hope and pray RFT is not the same. but likely>

RFT Price at posting: 3.6¢ Sentiment: None Disclosure: Held
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Last 0.7¢		Change 0.000(0.00%)		Mkt cap ! $9.674M

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