From Motley Fool today........
Retail Food Group Limited (ASX: RFG)
Challenging market conditions continue to plague the beleaguered Retail Food Group – with its share price bottoming out – down 90% from this time last year to sit at 43c per share at the time of writing.
If you haven’t already jumped ship on Retail Food Group it might be time.
The company is considering asset sales to help solve its debt issues and has
UBS on the case to oversee the situation. Nothing good is going to happen here anytime soon unless a significant capital raising is undertaken.
Selling out this low does defy the age-old “buy on a low, sell on a high” advice, but it’s unclear whether another high will ever eventuate for Retail Food Group given its current condition
