I sold out at the start of trading yest for a nice $40k loss. lol I think this company is in serious strife. Id suggest class actions from Franchisors + maybe shareholders.
Banks i think will tighten lending and capital raising will be tough.
Their business is to sell franchises to franchisors and lets be honest after all of this who's going to get a new franchise with RFG? Meaning a long downtrend + franchisors going out of business which will again put pressure on RFG as theyll be left with a lot of stores losing money.
Just my opinion but this company could be doomed.
The only shining light i thin is the overseas stores but im not sure thats enough to save the company.
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Mkt cap ! $186.7M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 40418 | 7.4¢ |
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Price($) | Vol. | No. |
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2 | 39607 | 0.075 |
1 | 40418 | 0.074 |
5 | 180723 | 0.073 |
1 | 13750 | 0.072 |
5 | 249196 | 0.071 |
Price($) | Vol. | No. |
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0.071 | 17569 | 1 |
0.074 | 28428 | 1 |
0.076 | 26325 | 1 |
0.077 | 345975 | 2 |
0.078 | 945728 | 4 |
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