Post by
AlwaysSkeptical on Feb 19, 2021 10:25am
Dead Stock Walking....
RLV has been dead at 3-4 cents since it defaulted multiple times on its financials in October, causing regulators to slap a Management Cease Trade Order on them...what has occured in the past four months:
- Two TERRIBLE financials released, with record sales declines and losses...oh, and NO Hand Sanitizer or PPE sales recognized.
- ZERO new deals closed
- Out of Cash, yet ZERO details on funding.
- While declaring they would fulfill the $20m PPE deal by end of October, less than half fulfilled
- a DISASTROUS conference call where no deals revealed, no information on where the $250k in hamd sanitizer sales went, and their LAUGHABLE desire to jump into the vaccine game
- No Leadership or Board members added, leaving this company floating rudderless like a ghost ship
- Its only "success": the insanely high consulting fees continue to flow unabated.
Why is anyone holding these shares, other than because they were given for free, or because it would admit defeat?
Transferring funds from a dog (RLV) to a winner (ANYTHING ELSE) is not defeat - it's intelligent.
Comment by
Newborders on Feb 19, 2021 10:54am
This post has been removed in accordance with Community Policy
Comment by
AlwaysSkeptical on Feb 19, 2021 11:27pm
Thanks for sharing Zimmee - so many examples of flashy promises that never materialized...