TSXV:RLV.H - Post by User
Comment by
AlwaysSkepticalon Dec 08, 2020 6:57pm
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RE:Can’t live with 'em, can’t live without 'em
RE:Can’t live with 'em, can’t live without 'emMarket makers neither push up, nor hold down, a stock price: they provide liquidity, period.
The reason RLV is at 2.5 cents:
1. It has been in default for 7 weeks
2. Has missed three consecutive filing deadlines
3. Has not closed any material deal in at least two months (see every midterm filing)
4. Is running out of cash
5. Its stock price is so ridiculously low that it can't even issue warrants to raise more cash, even if it wanted to dilute its shareholders even more than it already has.
The countdown to ZERO began months ago...I don't see Aurelio being able to milk this dead cow much longer...