While I'm still a stockholder here, I've lost my enthusiasm for RFNN. They had a great chance to let the market know how well they were doing, but decided it was "too expensive" to release news of their success. Instead, they chose to let the share price dwindle away, costing them increasingly more in stock trades for capital.
And now, RFNN is in a market where other, more forward thinking firms are capturing investor's interests and seeing growth in their share price. RFNN is in the unfortunate position of needing to dilute our shares in greater volume, in order to raise money it needs to operate.
I've found a few interesting firms that are in a similar business, and one with a niche market that is seeing amazing strength in share price. I sold a small amount of my RFNN holdings less than two weeks ago and already made up my losses. I won't mention the name here, as it isn't appropriate. But it did show me that a trading loss doesn't always equal lost money.
I don't know what the future holds for RFNN. I hope it overcomes the immediate hardships and will again become an exciting company to be a part of. I'm still a part of it as a stockholder, but I don't know for how long. Someone posted here that RFNN may go sub-penny before it recovers after the summer. As summer comes to an end, I'm hoping to see some good things here. Maybe changes from lessons learned, maybe a better 10Q, maybe even a positive cash flow. Time will tell. There's not much else to say.
I try to be appropriate in my posts and I certainly don't wish any ill on RFNN or anyone else (unlike and despite some). I'll continue to monitor the stock and this board with so many great people here. Meanwhile I'll keep looking for other great opportunities in the same growing field and lie in the sun on my boat while drifing and gently rocking with the waves. At least until the summer sun is fully gone. By then maybe there will be something exciting to talk about on the RFNN board.
AI
