TSXV:RLV.H - Post by User
Post by
AlwaysSkepticalon Nov 17, 2021 11:23am
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Post# 34136315
Technical Analysis will not explain RLV’s stock movement
Technical Analysis will not explain RLV’s stock movementThree things move this stock:
1. Overhyped Press Releases
- These get shown to be misleading 100% of the time...and ZERO has been said in a year, except what is dictated by regulatory bodies
2. Disappointing financials
- Results always come in far below expectations, except for cash burn and net losses
3. Regulatory Halts and Fines
- RLV has been constantly under Partial Cease Trade orders for over a year, and has been hit with fines for inappropriate actions by management.
Two months of NOTHING is ahead...and then probably a complete halt when they miss the January guidance for audited fins....
My belief: Their audited financial have zero to do with auditor bandwidth...and everything to do with auditors waiting for the company to address their questions.