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Losing AIM (RVC)     

hangon - 06 Sep 2006 12:59

Razorback (what a daft name, eh?).. . has fallen steadily from 50p to about 2p and is now capitalised at arround 1m with sales hardly able to support the Directors car and lunch allowance.
- Note it's not clear what currency is being quoted- so DYOR before reading further - - -
It's true they claim to have a unique product, but IMHO if what you have doesn't sell, Look For something Else.
Management has not focussed on shareholder returns and removal of the AIM listing (soonish) means you have an up-hill struggle to get any money back. However dilution becons so don't expect a flurry of chequebooks....once bitten...
I believe this is an Australian-based business and for that reason alone I never invested, having been burnt by Aurion (remember them?) who had a plan to turn coal (or steel) into Gold. Funny that.
Their website confirms the Oz connection and boasts that over the last 7 years they have invested 40million dollars - well there is little to see from investors' trust.
Bargepoles.

Confidant - 06 Sep 2006 14:39 - 2 of 2

looks like it came to the market at 100p and never looked back -- or should that be forward !!!
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