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 > Explain to me

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Comment by MatWeion Dec 27, 2016 2:55pm

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Post# 25645090

RE:RE:Explain to me

Note that the warrants haven't been priced yet. They won't be priced until Closing (average 10 days price prior to closing I believe), which can't happen until shareholders vote in favour. My guess is that closing will probably happen around mid-February.

kevinNash wrote:
The share price has been jumping around a lot since the summer, but as I pointed out before, it's been kept in a very tight boundary below certain chart BO zones to keep things under control. It wasn't to ESW's advantage to allow the share price to advance until they could push their way in.

More recently, It's not a coincidence that the share price dropped so drastically on the day the warrants were being valued. ESW has been active in shorting Redknee's stock for quite some time to their advantage. It was so obvious. (Look at the huge bounce following the warrant day). It will take months to understand how the market values this new structure for Redknee from the viewpoint you are expressing. It's certainly a valid issue to keep in mind though.

I found it so incredibly annoying that bozo I blocked kept going wild when I suggested somebody was pushing this stock down and manipulating it. Either that clown was just really naive/stupid or he was somehow working with ESW shorting this stock and trying to spread FUD here.