AI
Wednesday, September 21, 2011 6:20:00 PM
G.H.
I think that once the Market Cap gets a little higher, like about $50M or about $0.75/shr, they might think about doing a reverse split to pump up the price to > $5.00/shr and then maybe also think about doing a 2nd IPO and try to list on the NASDAQ.
The only problem with the reverse is that there is already hardly any FLOAT and that would make the available shares almost nil. I'm guessing that they will just issue more shares, but hopefully offer them at a special price for us "loyal" shareholders first. Time will tell.
This could be very possible with RFNN if they start to get the word out to serious investors. There is HUGE growth potential in the Mobile Payment space and RedFin has a jump on most of the little guys and could threaten the bigger guys because they can move very fast and have a great supplier - (BlueBamboo and others).
I am very frustrated with the performance of this stock over the past 3 years, but that said, we might just be over the biggest hurdles (finally) and be on our way!
The main "hurdle" that they have right now is DEBT, but hey, so does the good ol' U.S.A. and we are still operating - sort of!?!?
I think that the rest of this week will be a tell and show whether this was just a fluke (new investor) or a real trend to the up side.
Good luck all!!!
Go RFNN!!!
I think that once the Market Cap gets a little higher, like about $50M or about $0.75/shr, they might think about doing a reverse split to pump up the price to > $5.00/shr and then maybe also think about doing a 2nd IPO and try to list on the NASDAQ.
The only problem with the reverse is that there is already hardly any FLOAT and that would make the available shares almost nil. I'm guessing that they will just issue more shares, but hopefully offer them at a special price for us "loyal" shareholders first. Time will tell.
This could be very possible with RFNN if they start to get the word out to serious investors. There is HUGE growth potential in the Mobile Payment space and RedFin has a jump on most of the little guys and could threaten the bigger guys because they can move very fast and have a great supplier - (BlueBamboo and others).
I am very frustrated with the performance of this stock over the past 3 years, but that said, we might just be over the biggest hurdles (finally) and be on our way!
The main "hurdle" that they have right now is DEBT, but hey, so does the good ol' U.S.A. and we are still operating - sort of!?!?
I think that the rest of this week will be a tell and show whether this was just a fluke (new investor) or a real trend to the up side.
Good luck all!!!
Go RFNN!!!
Discover What Traders Are Watching
Explore small cap ideas before they hit the headlines.
