TSXV:RLV.H - Post by User
Post by
AlwaysSkepticalon Apr 29, 2021 9:27am
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Post# 33089896
Yet another slap in investors’ faces: RLV LOI with German co
Yet another slap in investors’ faces: RLV LOI with German co RLV shows that they make a press release for the most minuscule, inane development with their latest PR:
The three key takeaways:
1. No terms of the LOI were announced - likely "paid" through further share dilution...although it will likely follow the 100% failure rate in prior LOIs (Montreal Mfg company, Weedsense, Lifeline Pharma....)
2. Confirms that, if they had signed a single new customer in the past 300 days, it would have issued a PR.
Ergo, they have not landed a single other PPE deal since Sept 2020...and that one has yet to be fulfilled.
3. Why would a company that has destroyed its business (total revenues of $130k last quarter), loses over $2 million/year and has no cash, invest in R&D??? R&D takes years, requires deep pockets, and has high failure rates.
https://www.globenewswire.com/news-release/2021/04/29/2219871/0/en/Biocannabix-Enters-Into-LOI-With-IAM-Health-GmbH.html