My thoughts are there has to be an ANN informing of the sale of 50, 100 batteries to a telco or some other entity before Entitlement Offer closing 5pm (Sydney time)Friday, 10 May 2019 ideally at leat a week before entitlement offer to allow the share price to bounce.
Strategically it would have been better to have ramped up the sales to 450 a month and forget about doing a 15million dollar CR if no battery sales are Announced rather than destroy SP.
So I assume those of you who are still in the game will be getting a good ANN.
I have to assume that is what is going to happen or sadly I can't see much of a future for Redflow.
I note nitrogeon comment: "If the future was bright why did RFX not find a cornerstone investor rather than a cap raising at fire sale prices."
Management needs to give investors something to work with. I think they will. I sincerely hope so.
I will jump back in on good news.
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