Ravenquest Biomed Inc RVVQF

Guess we have another month to wait for financials

[monzie]

Oh well. Atleast they have to keep us updated biweekly

[Botanist]

https://www.stockwatch.com/News/Item?bid=Z-C%3aRQB-2873271&symbol=RQB&region=C Very convenient changing auditors just as the financials were due.  I cannot believe they were allowed to trade today with no information given about the $13m debt that was due Feb 28. Are they in default? Do they have an extension? Nothing just crickets. So the statement below from the above link

[rqbshareholder]

The debentures were due on March 2nd correct ? So regardless if the financial statements , we should still be getting news by days end on the status of the debentures ? Should we not ?

[Botanist]

Feb 28 I believe From their last financial statements: "The debenture will mature on February 28, 2020 and will accrue interest at a rate of 10% per annum payable semi-annually and convertible into common shares at a price of $1.45 per share, at any time prior to maturity."

[rqbshareholder]

@alpacamki dont think i got a good feeling. I check their website sometimes and I think it has not been updated for a while. There is a contact us section, one of the guy who works there already left a few weeks ago

[BaronBuffett]

  If they're bootstrapping it now then regularly updating their website isn't a priority and a waste of money. I'm assuming that the updates on Twitter and on Instagram is from EnPercept. They still must fulfill their obligation. But in saying all of this, you're correct about it not looking so good because if the debentures were settled then we would hear about it

[rqbshareholder]

I'm still hoping BaronBuffett A couple of things need to fall the right way for us .. I'm still shaking my head , how george could let such a promising company fall by the wayside . We were suppose to be producing as much as the big boys , at a lower cost .. And at some point , they lost focus on this , and didnt bother putting anytime or effort in securing sales contracts , as they

[BaronBuffett]

That's right on the money right there. George acted as if the clock wasn't ticking (ie: the debentures and the impending lawsuit). The grave mistake in the first place was making a deal with MMCAP.

[fab4ever]

They had an 8,000kg supply contract that was estimated to be in the $40-50m range.  They couldn't come close to filling that and that was well before WAYL took a dump. So what's the real problem then?