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 > Well RKN can always

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Post by factRbeston Oct 27, 2016 10:14am

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Post# 25392100

Well RKN can always

Since they have a low O/S, which is important to me when investing in small caps.
They have wiggle room to use equity to clean up the books.

Every company that I have been involved with that had a low O/S and used equity to clean the books have turned themselves around,

RKN should consider a Right Offering with a long term hold warrant attached.
RKN could easily print 20 million shares and offer 10 million warrants and pay off any loans.

This would not only clean up the books but allow lift the restrictions that they have to work under.

The latest example of a company using a Rights Offering was T.IBG
A rights offering I fully participated in even though at the time one would have thought it did not look good. I instead look beyond the RO realiziing that this injection of cash would change the direction of the company. Unfortuantely they did not add a warrant but that is seldom done and more wishful thinking on my part. As for RKN, I would fully subscribe if they did a RO.

The Rights Offering
https://www.stockhouse.com/news/press-releases/2015/12/22/ibi-group-inc-announces-completion-of-rights-offering

The Stock Chart
www.stockhouse.com/news/press-releases/2015/12/22/ibi-group-inc-announces-completion-of-rights-offering