Amazing how deep these longs and pumpers keep digging.... - 180+ days since the last positive bit of news
- Three disastrous Financial releases
- Zero dollars recognized against hand sanitizer that had $250k in supposed preorders
- Zero dollars recognized against PPE that was apparently being shipped in eight chartered flights in late September
- Management Cease Trade Order in place
- ONE SINGLE SHARE traded yesterday
Yet, people keep hoping and dreaming...
1. Dreaming that two cash-burning companies with zero assets will somehow create value by "merging". We've been through this before: Weedsense, Lifeline, Cannakids, that Montreal manufacturing facility...how much value was created from all of these combined?
NEGATIVE $6 million...
2. Dreaming that PPE customers will line up to work with a company that:
- Has no experience in PPE
- Has no distribution centers
- Has no manufacturing capability (hence uncompetitive pricing)
- Has no relationships with government or hospital stakeholders
- Has ZERO salespeople on the RLV payroll
- Has been delayed 6+ months in fulfilling a SINGLE order...would you trust them vs. all of the established players in this segment?
To all the people trying to believe this BS story of Thailand: $500k is a pathetically small order. AMD Medicom signed a $300 MILLION deal, 600x this size.
If you think RLV will be competitive from a pricing standpoint in this market, you're dead wrong. I bet you they're not even in the Top 5 in buying size with this one small player!
3. Believe this Thailand quasi-company giving RLV North American distribution rights for their gloves will create value.
- If I'm a government or hospital system, why would I have one vendor to sell me ONLY gloves, rather than getting value on my full purchases of gloves, masks, gowns, etc...? Seems like a waste of time for these organized, professional buyers...
And everyone has forgotten that the core business, E-Commerce, now loses $500k/quarter...so even if other things come true, what happens with that???
What I think is occurring is that a bunch of people are in the "it's so pathetically low that zero is almost the same, so I'll hold."
TERRIBLE investment strategy, but that's what happens when you dilute the heck out of a stock (soon to be 300 million shares outstanding), then lose 65% of your value while the rest of the market is booming...especially in the market you promised to be in (cannabis).
What an abject, utter failure. And shareholders keep eating it, while Aurelio pays himself and his friends throughout.