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0.2¢ thrive tribe technologies limited

what about the balance sheet? at 31/12/16 had $1,412,416 in...

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ddzx

37,911 Posts.

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15/08/17

12:45

Post #: 26504214
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Originally posted by Dodgers ↑

RFN DETAILS
Current shares 282 million
Current market cap $2.54 million @ .009c
Current cash $2.50 million+
Current EV = 0, zilch, nada

- RFN has reduced its outflows from $1.1m each quarter to around $200,000 the current and next quarter - an 80%+ reduction in outgoings from prior.
- The company is currently valued AT CASH BACKING ONLY - there is zero upside for the Reffind product factored into the share price &/or any future acquisitions for the company.
- With RFN taking the quarter off to curb back cost outgoings & successfully doing so by reducing them by 80%+, as shareholders we can look forward to seeing a potential deal done in the future IMO for RFN within the tech space which has recently been seeing a lot of daylight once again.
- An estimated outflow of only $250k for the next 3 months puts the company in a very strong position and one that it could easily double in value from current levels. A simple explanation is as follows -

125m shares raised recently (ALL TO SOPHISTICATED INVESTORS) + 12m shares raised (TO EXISTING HOLDERS) + 27m shares raised (TO 4 SOPHISTICATED INVESTORS)
ALL AT A BASEMENT PRICE OF 1 CENT

164m shares issued @ 1 cent
48m shares recently released from escrow won't be seen at this level
= 212m shares locked away
very little free float

RFN is currently well undervalued to what it should be - news should not be far away for holders and with this LARGE wad of cash sitting in our bank, I think we may have something serious coming our way. Why else the need for so much cash when our outgoings per quarter have been reduced by so much??

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what about the balance sheet?

at 31/12/16 had $1,412,416 in trade payables vs $574,520 in trade receivables plus another $240K in liabilities. the cash was $2,202,946. therefore, the net payables position was around $1M

how do you know what payables were paid off during the last half with seeing the annual report?

maybe RFN still has $1M in debt, which halves the EV?

please tell us the EV, including debt. Thanks

?????????????

Last edited by ddzx: 15/08/17

RFN Price at posting: 1.5¢ Sentiment: None Disclosure: Not Held
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