RTL - RTL Corporation

[constable]

Re: RTL - Ritract Limited

Closed higher on smaller volume finishing at 10c (its been a long road back!) . Volume was lower (two trades) but has increased over the last week.
Not experienced enough in ew to confirm whether this a start of a wave 1 or a wave 3. Either way im looking for a break over 13c to confirm trend change.
Upcoming ann on braun outcome would obviously be the catalyst.

 

[constable]

Re: RTL - Ritract Limited

rtl in preopen!
this has got to be the big one!

 

[constable]

Re: RTL - Ritract Limited

rtl in preopen!
this has got to be the big one!

Bit of a premature postalation there! Safety syringe update, although not the clincher was refreshing none the less. They're looking to close the deal this financial year with bbraun and are also in further negotiations with another player!

 

[kiwi05]

Re: RTL - Ritract Limited

Hi Constable

Just a question re financial year. Is that June in Australia?

Cheers Kiwi05

 

[constable]

Re: RTL - Ritract Limited

Hi Constable

Just a question re financial year. Is that June in Australia?

Cheers Kiwi05

Yep....I take it nz goes on the calendar year?

 

[azu]

Re: RTL - Ritract Limited

i used to be a keen follower of RTL, but I was glad i got out more than a month ago....
they spent $665,000 last quarter?? on what?? their sample products are already out and they are just waiting for BBraun to review their product (plus afew dudes negotiating with a company) and they still manage still splash more than half of the money they raised in just one quarter...
and now ... only $194,000 .. at the current rate that they are spending their money.. thats not even sufficient for one month! now its already april 18, i bet they only have about $50,000 now left in the bank at most! bascially, they are broke AGAIN... and maybe they will have to borrow back the $700,000 that they just managed to pay back via captial rising....

but... i do hope they land this deal with BBraun, otherwise.... need i say more....

 

[constable]

Re: RTL - Ritract Limited

i used to be a keen follower of RTL, but I was glad i got out more than a month ago....
they spent $665,000 last quarter?? on what?? their sample products are already out and they are just waiting for BBraun to review their product (plus afew dudes negotiating with a company) and they still manage still splash more than half of the money they raised in just one quarter...
and now ... only $194,000 .. at the current rate that they are spending their money.. thats not even sufficient for one month! now its already april 18, i bet they only have about $50,000 now left in the bank at most! bascially, they are broke AGAIN... and maybe they will have to borrow back the $700,000 that they just managed to pay back via captial rising....

but... i do hope they land this deal with BBraun, otherwise.... need i say more....

It doesnt sound like much does it! However the director Michael Dennis Boyd on the 5/1/2007 underwrote 9,488,051 shares @8c for a grand total of $759,044.08. Now they are serious dollars and to me there is a lot of reassurance when a director puts his own $ on the line like that.
These guys in the next 2 months are finalising 2 licencing agreements that will mean one thing ......income. Im sure any cash flow problems will be solved when they are this close to a milestone that has been in the making for the last 5 years.
and no im not having trouble sleeping over it, just my 2yo is in our bed and taken over my side!

 

[kiwi05]

Re: RTL - Ritract Limited

HI constable

Thanks for the reply. Actually its march in NZ. Thats why I was checking. I don't own any as yet have an order at 8.7 cents didn't quite get there yesterday. I'm watching to see what happens at the moment still may slip back again.
Cheers KIWI05

 

[constable]

Re: RTL - Ritract Limited

HI constable

Thanks for the reply. Actually its march in NZ. Thats why I was checking. I don't own any as yet have an order at 8.7 cents didn't quite get there yesterday. I'm watching to see what happens at the moment still may slip back again.
Cheers KIWI05

March wow ...straight out of xmas and into tax time!
rtl has got some healthy buy depth around the low 9s now and seems to have formed a solid base. But if someone took out the 600k then youd be in with a chance. Looks as though you've got 2 months, good luck with your order kiwi05!

 

[azu]

Re: RTL - Ritract Limited

thanks for your reply constable, i was just raging my anger over RTL for their spending spree... its not as if they have any income at all...
on the other hand,.. yes... i have the feeling that things might just go their way in the coming couple of months... but the worrying thing is that they have no money... broke... so... thats why i don't wanna get in now.. just in case they want to raise more money... which would have to be at a discounted rate of the current SP....

but... i am watching to see when its a good time to get it.. but not till at least afew weeks later at least i think....

and Kiwi... comon.. u can do more than 10800 shares @ 0.087!!! lol ... =) should i come join u with 200,000 shares? =)

 

[constable]

Re: RTL - Ritract Limited

Still meandering along above the 8c line, nothing much to see here, although has broken long term trend line and well and truly into a cup handle.
I did speak to management yesterday regarding the companies cash position and he was fairly confident/upbeat that in June a licensing agreement would be ratified (as per last ann.)and funds from an up front fee on that agreement would generate cash. Also mentioned r and d reinbursement from the govt was expected for last fin year.
Still think this is an exciting oppurtunity at the current sp (ipo, 3 years ago was 20c! and has been as high as 50c). This company by the end of the financial year expects to have at least 1 global medical distributor signed up and with another major player in the fray providing competition ,or may even pip BBraun at the post (now that would be funny seeing as BBraun has taken so long)
With a market cap of only 10mill and their technology about to be catapulted onto the worldwide stage current sp is a bargain imo.

 

[constable]

Re: RTL - Ritract Limited

Wow under 8c for the first time in its trading history!!
It seems like one seller needed his cash urgently as i cant fathom why anyone would sell this close to the licensing agreement. Nonetheless wish i could say my average price was this low and good luck for those orders that got filled.

 

[azu]

Re: RTL - Ritract Limited

Constable,

- "It seems like one seller needed his cash urgently"
It looks like 3-4 relatively big sellers to me (considering RTL's low average trading volume) .

- "i cant fathom why anyone would sell this close to the licensing agreement"
Im sure you have heard of plenty of cases where info gets leaked and people bail out before its officially released? (whats the bet that RTL will release news within the next few days stating that BBraun does not wish to proceed with any licensing agreement.. etc etc?)

Sorry constable, i don't mean to sound negative.... but... what happened today doesn't look good for whats going to come ... (i do hope that im wrong) ... the best u can hope for is that those sellers today needed some cash as u optimistically believe...

 

[constable]

Re: RTL - Ritract Limited

Constable,

- "It seems like one seller needed his cash urgently"
It looks like 3-4 relatively big sellers to me (considering RTL's low average trading volume) .

- "i cant fathom why anyone would sell this close to the licensing agreement"
Im sure you have heard of plenty of cases where info gets leaked and people bail out before its officially released? (whats the bet that RTL will release news within the next few days stating that BBraun does not wish to proceed with any licensing agreement.. etc etc?)

Sorry constable, i don't mean to sound negative.... but... what happened today doesn't look good for whats going to come ... (i do hope that im wrong) ... the best u can hope for is that those sellers today needed some cash as u optimistically believe...

Haha ,yes well that one seller did gather a bit of a following but sp was fairly steady today and didnt tank to 7c like i would have thought. Bit of depth at 7c now which should give it some support. Keep in mind that one seller only unloaded 180000 units from memory, so hardly an earth shattering move.
Rest assured i did ring their office and was told by the md that everything is going to plan and no circumstances have changed and the licensing agreements are proceeding on schedule as per previous ann. So azu ,i doubt very much your cynasism will be rewarded,(that sounded nasty but its not ) but yes i would prefer to see the sp going up! I did pick up more stock yesterday anyrate as i cant help but think this is going to be one of those times when you look back and think why didnt i take advantage of its weakness ( famous last words haha) but with a 2% holding, ive already made my bed and in for the long haul!
cheers c

 

[constable]

Re: RTL - Ritract Limited

Just looking at the last few days on the graph it has snuck back inside long term downward trendline. But considering its taken 7 months for the sp to travel from the lower trendline to the other side, i can forgive a little bit of resistance at this stage.

 

[azu]

Re: RTL - Ritract Limited

looks like quite afew more people "needed money" today.... ..
guess the support at 8c has gone... keeps getting dumped....
now .. the support is at 7c... but once that is broken... there is no visible support under 7c... it would be interesting to see how low it can go after the 7c support gets broken... this consistent selling is not looking good for the upcoming news ... moreover... the company must be running pretty dry by now....

but constable.. i do hope that RTL will go in the right direction for u... i do see the potentials with this company.... but ... without any contracts... the potentials cannot eventuate ... thus... down she goes as they have no source of revenue... so.. fingers crossed... and see what the news (which should have been out by now) will bring all RTL holders....

good luck .....

 

[Wysiwyg]

Re: RTL - Ritract Limited

looks like quite afew more people "needed money" today.... ..
guess the support at 8c has gone... keeps getting dumped....
now .. the support is at 7c... but once that is broken... there is no visible support under 7c... it would be interesting to see how low it can go after the 7c support gets broken... this consistent selling is not looking good for the upcoming news ... moreover... the company must be running pretty dry by now....

but constable.. i do hope that RTL will go in the right direction for u... i do see the potentials with this company.... but ... without any contracts... the potentials cannot eventuate ... thus... down she goes as they have no source of revenue... so.. fingers crossed... and see what the news (which should have been out by now) will bring all RTL holders....

good luck .....

Hi azu..One of my biggest mistakes when I first started in the stock market was trying to pick the bottom of a downward trending stock.The hit/miss ratio was low.Good luck, lol, if you trade this way.

 

[constable]

Re: RTL - Ritract Limited

looks like quite afew more people "needed money" today.... ..
guess the support at 8c has gone... keeps getting dumped....
now .. the support is at 7c... but once that is broken... there is no visible support under 7c... it would be interesting to see how low it can go after the 7c support gets broken... this consistent selling is not looking good for the upcoming news ... moreover... the company must be running pretty dry by now....

but constable.. i do hope that RTL will go in the right direction for u... i do see the potentials with this company.... but ... without any contracts... the potentials cannot eventuate ... thus... down she goes as they have no source of revenue... so.. fingers crossed... and see what the news (which should have been out by now) will bring all RTL holders....

good luck .....

Interesting you continually talking this stock down azu, i would love to know your motives .
Couple of points to the above regarding the dry point and your deal expectations.
- rtl has access to unsecured loan funds from a related party should they be required.
- the company expects to recieve funds from a research and development tax offset
- as stated by the last company ann. 18/april they expect a deal to be finalised by the end of the financial year. Still a month and half to go. Bbraun is close to finalising its evaluation and the other party as stated in the ann will have completed the user evaluation by mid may. Which leads me to think we will have an offer on the table very shortly and a subsequent counter offer from Bbraun so on and so forth.
This is information is all readily available in their past ann. azu!!
Price action is looking sick but let the lemmings jump, ive done my research and am still happy to hold medium term.

 

[azu]

Re: RTL - Ritract Limited

constable, i have no motives... its just that u seem to be giving a very one-sided view... and i am just giving others the other side of the story so they will get a balanced view.... although u may be prepared to go down with this ship with your 2% holdings.. then.. thats good for u.... but... please don't paint a pretty picture for this company as if nothing is going wrong.... e.g. the SP keeps hitting record low.. and u r saying... oh.. thats just because those sellers needed money... but com'on... this consistent selling must tell u and others something ahead of the news to be released right??? u seem to want to fall under a false sense of security with this stock ...

anyway... let the SP speak for itself... which supports my assertions..
and if u think that what i said here previous caused the SP to close at 0.065.. haahha... give me a BREAK! So... did you increase your holding at this "cheap" price again? now that the support at 0.07 has been smashed... where to from now? maybe.. u can buy up some shares to make things look better hey?

conclusion... this stock is too risky now.... at the moment... the trend of the sp and indication of the news ahead is not good... of course.. im not saying that it will definitely be bad news... but... like i said previously... this company needs a contract (just one would do!) ... once that happens ... the SP should recover significantly.... otherwise... down she goes.....

 

[constable]

Re: RTL - Ritract Limited

constable, i have no motives... its just that u seem to be giving a very one-sided view... and i am just giving others the other side of the story so they will get a balanced view.... although u may be prepared to go down with this ship with your 2% holdings.. then.. thats good for u.... but... please don't paint a pretty picture for this company as if nothing is going wrong.... e.g. the SP keeps hitting record low.. and u r saying... oh.. thats just because those sellers needed money... but com'on... this consistent selling must tell u and others something ahead of the news to be released right??? u seem to want to fall under a false sense of security with this stock ...

anyway... let the SP speak for itself... which supports my assertions..
and if u think that what i said here previous caused the SP to close at 0.065.. haahha... give me a BREAK! So... did you increase your holding at this "cheap" price again? now that the support at 0.07 has been smashed... where to from now? maybe.. u can buy up some shares to make things look better hey?

conclusion... this stock is too risky now.... at the moment... the trend of the sp and indication of the news ahead is not good... of course.. im not saying that it will definitely be bad news... but... like i said previously... this company needs a contract (just one would do!) ... once that happens ... the SP should recover significantly.... otherwise... down she goes.....

I was dreading your reply more than the price action ! This is worse than going down to Carlton!
- No, i think azu that the selling at the minute is panic selling rather than informed selling, but nice bit of propaganda anyway!
- Yes i will continue to buy more shares if it continues to be discounted, as i am confident with my research.
- No, i dont think you, the great azu has any effect on the sp as result of your valued commentary.
- Feel free to continually take me out of context in reguards to my comment on the first sale that dropped the price.
- Too risky depends entirely on your individual circumstances. (i have very large testicals how bout yourself)
One things for sure i dont believe there are many trading days between now and the answer the market needs!