share price, page-50

SP might get boost from RFN Holding? Quarterly just released.

RFN still has an operational runway for a further 18-24 months - and a lot can happy over that time-line.

Key points:

'Total cash receipts for the quarter were $274k, an increase of 58% from the previous quarter, all of which was recurring SaaS revenue'.

'REFFIND signed the following leading organisations during the quarter: Munich RE (ANZ), News Corp (ANZ), Optus (ANZ), Datacom (ANZ), Lumentum Holdings Inc (US) and WestCare Foundation (US)'. - But lost a few too!

'As per the Business Activity Update released in December, 2017, REFFIND will reduce monthly cash burn by 80%, from $400k per month to approximately $80k per month during the first half of 2017. This will be achieved through a series of cost-cutting measures across the business, including the reduction of annual director fees by more than 60%'. - Head count reduction!
(Disclosure: I hold RFN)