Wobbly BootsThere is no doubt that RFE has great assets and...

Wobbly Boots

There is no doubt that RFE has great assets and should be trading much higher.

I did have stock much higher and have sold.

I will re-enter in the not too distant future.

In terms of Middle management, RFE has two great guys in Bruce and Perry.

I just question the fact that with less than $5M USD in the Bank, and RFE spending $2.5M a qtr, there will be the need for a future capital raise.

Currently, if they raised $5M they would have to do it at $0.35 which would mean an extra 14 - 15M shares on issues.

You would then have around 155M shares on issue.

I just think upper management needs to focus on short term revenue.

The problem also could be that perhaps the asx does not recognise great assets like RFE and they may need to be dual listed on TSX.

Heres hoping we see RFE back at 75 cents soon.