TSXV:RLV.H - Post by User
Post by
AlwaysSkepticalon Mar 11, 2021 3:24pm
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Post# 32777860
What a joke of a PR
What a joke of a PR So...while the paid pumpers jump up and down here and on CEO.ca, what is actually in this PR?
1. RLV has bought gloves...with nothing here until April. Thus, they announce they will yet again tank in the first quarter of 2021, losing $500k
2. By the time they get the gloves, the world will have nearly achieved herd immunity with vaccines globally deployed by 3+ global pharma company.
Thus, demand will be tailing off and countless players will have cheaper gloves to dump into thw market.
3. This does NOTHING for RLV - they still have to find BUYERS for their gloves, and they have not announced a single new deal in SIX MONTHS!
Prepare for delays, excuses, lack of revenue and when sales are done, they'll be done at breakeven or a loss.
4. Remember that there are still 65-70 million warrants at 3.5-5 cents...no upside!
So:
- RLV still has losses that will continue until late April at the earliest
- They are out of cash, and owe $2+ million...where is funding?
- They have zero connections to leverage in selling these gloves.
Supply means nothing without demand.
Sadly, some suckers will get trapped here.