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Last edited 5 years ago
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#Bull Case
stale
Added 5 years ago

Directors buying several hundred thousand dollars worth of shares in response to the Bonitas shirt case claiming rff is worth $0. 

You would think it unlikely that people would throw away their own money if the company was actually worth 0.

#ASX Announcements
stale
Added 5 years ago

Webinar response to Bonita’s report decent. Bonita’s are basically alleging fraud and the claim the company is worth 0. This seems unlikely and would be a massive scandal for not only rff but pwc. The fact rff have brought in a separate company EY to audit their books would seem to suggest they aren’t afraid of the fraud claims. Don’t think they could do much else at this stage.

that said, rff was supposed to be my long term stable defensive holding and a key part of my portfolio.

I’ve therefore sold 1/3 at a minimal loss today - but am comfortable to hold the rest. The Bonitas attack will take weeks to months for the mud to wash off (if it does).