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.

OTCPK:RKNLF - Post by User

Reckon Ltd > More than a month under the 200dma

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Comment by kevinNashon Sep 29, 2016 6:44am

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Post# 25289425

RE:RE:RE:RE:RE:RE:RE:RE:RE:More than a month under the 200dma

I am not sure what's being asked now. The announcement happened, shorts and traders belieivng a buyout is going to materialize, drove the price up to the 200dma. Then all of a sudden share price was stopped dead at the 200dma and has been pulled back under repeatedly. (Your explaination? Naked shorting? Naked shorting by the potential buyer? People selling not believing there will be a deal?) Maybe being held strictly held under the 200dma is just a coincidence? At this point it seems nobody cares or have lost interest. Volume during this time has rapidly dropped off. Yesterday was 7k ish?

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