RYU Apparel Inc V.RYU.H

RE:Huge volume today.

[gairvine]

Well Chime...the problem is that there seems to be a big difference between ethical and criminal conduct, not to mention conduct which is incompetent. It seems that the old board basically rubber stamped executive compensation packages and other decisions management made which destroyed capital. The product was initially well made, but instead of seeing if there was market traction, they expanded without the sales or cash flow to justify the expansion; the result: the inevitable cash crunch. By this time I’m sure insiders had benefited and share holders were left out in the cold. My conclusions: the CEO and board did not make decisions with the shareholders in mind ( ethically dubious ) and the CEO and board have almost driven the company into the ground ( incompetent ). Does this reach the level of criminal; even if you and I think it should it probably doesn’t. Let’s face it; when one invests in startups one is investing in the product, but more importantly the quaility, the integrity, and the transparency of the management and the board. A mistake in this case.  A lesson learned. I suspect it is the reason both of us have posted a couple times on the Bevcanna board; anyone considering investing with these guys needs to really study what is real and how the capital is being spent.