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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 > An entry from here
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Comment by kevinNashon Feb 26, 2017 9:26pm
154 Views
Post# 25896542

RE:RE:RE:RE:RE:RE:RE:RE:RE:An entry from here

RE:RE:RE:RE:RE:RE:RE:RE:RE:An entry from hereI'm not so generous with my evaluation of ESW's involvement in RKN over the past couple yrs. At this stage I could see someone easily making the case that ESW targeted RKN.  The silence about share price from both ESW and Investco had been conspicuous.  I've watched this slide for yes now and not a peep from these entities. For me, none of the pieces fit. 

When big big investors are silent through troubled waters, one of two things are happening.  They are quite confident future earnings and expansion is secured or they are planning to stab the management in the back. 

You have to analyse who's really putting the money in here. Is it ESW or is it the other shareholders. It's looking like ESW and Investco have made a deal to force the other investors to pay for the restructuring. I don't hear ESW or Investco offering up capital. All I hear is the new CEO saying we need 60 mil, it's coming from everybody else's pocket and we have preferred shares so F you. 
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