TSXV:RLV.H - Post by User
Comment by
AlwaysSkepticalon Jan 21, 2021 12:33pm
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Post# 32345695
RE:Market waiting on New "NEWS" not Q1 4 month old report
RE:Market waiting on New "NEWS" not Q1 4 month old reportSwyint,
Once again playing the apologist...Not only should we not care about losing $5 million in entrrprise value in 2020, but now we should look away at Q1 too.
So, here is what Q1 will look like:
Revenue: $300k
Net Loss: $300k
Key question: With $15k in the bank at the start of Q1, and the stock in the toilet (meaning no warrants will be executed), where does Aurelio get the funds to raise the $2million IN CASH to pay for the PPE bid, plus his outlandish consulting fees?
Answer: More dilution at even more ridiculous prices. To raise $2 million at 3 cents, he would have to dilute by another 65 million shares, plus likely an equal amount of warrants at <5 cents.
If anyone sees something that I'm missing...please educate me!