Strategic Review, page-23

I know I gave Redflow until the end of May to come out with their updated strategy, but I felt at the time I made that prediction that it was a very pessimistic timeline. The longer it takes to publish the adopted strategy the more the shareholders will hate it. At this point I suggest the shareholder hatred will already be extreme.

The current cash status, the current share price, and the notes now issued to Mr Hackett severely limit the available options. I believe that the only achievable option is to monetise ownership of the technology.

Therefore I suspect that we will see either:
a) Licence deal.
b) Sale of IP.

Under a) Redflow becomes an IP company receiving a cash flow from licence fees or royalties, which will be a fraction of what the profit margin would have been from a manufacturing operation.

Under b) Redflow settles its outstandings, maybe makes a distribution to shareholders, and just stops. It probably wouldn't even be worth winding the company up. Maybe sell it for $1500 in three to five years time as a shell.