OTCPK:RKNLF - Post by User
Comment by
JonathanJSmithon Mar 31, 2017 10:29am
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Post# 26057655
RE:Down 8% here at $1.11
RE:Down 8% here at $1.11Did you listen to the CC? If not, you might want to listen to it.
As per new CEO:
A. It will take YEARS before they get on track.
B. They will spend over $100MM on R&D over the next 3 years.
As per the CFO:
We have a "committee" to determine how best to raise funds. lol (sorry I just couldn't resist)
As per ESW:
"Redknee's situation was materially worse than we thought."
What should be the inference from the CC?
SELL, SELL, SELL!
See ya at $0.20 in the not too distant future. ESW will work hard to keep her up but, they'll have a difficult time getting others to believe in their turnaround story. If you ask me, ESW's fiduciary responsibility to its clients was somehow wanting when it came to its Redknee purchase decision. Go figure, it's easy playing w/OPM, isn't it?
Looks like Koslaw and others lucky enough to have sold will make out like bandits once the truth sinks in.
Cheers,
JJ