Reckon Ltd T.RKN

Primary Symbol: RKNLF

Technology Software - Application

Reckon Limited is an Australia-based software company that provides software for accountants, bookkeepers, lawyers, small and medium enterprises (SMEs) and personal users. The Company’s divisions include Business Group and Legal Practice Management Group. Business Group provides accounting and payroll software for small to larger sized businesses and personal wealth management software branded as Reckon One, Reckon Mobile and Reckon Accounts Hosted (cloud products), Reckon Accounts Business and Reckon Accounts Personal respectively. The divisions operate predominantly in Australia and New Zealand. Legal Practice Management Group provides practice management software and workflow solutions to legal firms for document scanning and routing, print management and cost recovery solutions under the nQZebraworks brand, with a focus on releasing new cloud practice management products. It operates predominantly in the United States and United Kingdom, with re-sellers in other parts of the world.

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Reckon Ltd > Reverse Split Coming Down the Pike

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Comment by JonathanJSmithon Feb 24, 2017 11:03am

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Post# 25888988

RE:RE:Reverse Split Coming Down the Pike

So true. :)

Fact: they will need to raise money.
Fact: uncertainty surrounds the company, presently, and for the forseeable future.
Fact: they will not generate cash anytime soon.
Fact: Koslaw wants out and isn't afraid to sell his shares.

The logic is simple: there WILL BE a much further share price decrease and YES, there WILL BE a REVERSE SPLIT.

The wise thing to do is to sell now and buy back later (at a much cheaper price) only if you believe that ESW can turn the ship around. If you don't believe they can turn it around, then you should have sold months ago.

Cheers and good luck if you're still holding.

JJ