RYU Apparel Inc V.RYU.H

News! RYU Apparel enters engagement letter - Fingers x'd

[HomeRunHunter]

RYU TO ENGAGE RENOWNED LEADER FROM FASHION AND DESIGN INDUSTRY TO PROPEL ITS ATHLETIC BRAND FORWARD

https://www.stockwatch.com/News/Item?bid=Z-C%3aRYU-2859784&symbol=RYU&region=C

[mba123ccu]

Good move but one of the conditions before the consultation begins is that RYU raise $7M.   RYU to Engage Renowned Leader from Fashion and Design Industry to Propel its Athletic Brand Forward

[athleticsguy]

Exactly.  A point that everyone is glossing over.  Also, look at the payment that this consultant will receive.  Raise $7M, then pay them for work + millions in stock options. This just confirms that their current leadership team has been following the wrong strategy (which so many of us have been saying), and now they are looking to pay someone millions to do their job...  &

[Sal1958]

Agreed they did not have the right Management team to grow the business. The flag ship store made them believe the success of the one store was an easy task. Put up stores in high traffic locations in major cities. If the 1st store was that successful the rest will follow. Unfortunately not. Now they found the right Management team at a costly price. We could say this should of bin done earlier