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 > Pulled Guidance

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Comment by MatWeion Feb 10, 2017 11:40am

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Post# 25828711

RE:RE:RE:RE:RE:Pulled Guidance

According to the management circular, Constellation was not willing to do an out-right buy. I think they were originally going to, but pulled out of that at the last minute. The Board had to scramble to get Constellation back to the table with the revised preferred share structure as it was. Without a deal or clearing of the loan, RKN would have defaulted by end of January, which was the lender's deadline for some sort of deal to be closed without pulling the plug.

skibumm wrote: I bit the bullet and bailed at 1.60 for loss,lost confidence in mgmnt and direction of company,wish Constellation had just bought them out,GLTA

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