RYU Apparel Inc V.RYU.H

so why at 7 cents

[logisticsguy]

makes no sense unless they are about to close it and get out

[shneps]

Wow, seven months now they have offered an 8% debenture and haven't raised even a first tranche for the debenture. That and they just paid $705,000 to divest from their lease liabilities at La Jolla and Newport. That certainly hurts the bottom line when you are only making $79,000/month revenue, a mere $16,000/month gross revenue and spending over $1M+ per month.

[Sal1958]

schneps more of your assumption bs. Obviously you r here to put the dahhrr in me. To all the readers on this board. Do not believe what has been posted by schneps. Totally his opinion. Have a nice day.

[shneps]

Wow Sal, you are incredibly dense thinking that I make this up.  Here is two sections of news release from two days ago. "Vancouver, BC – March 16, 2022 – RYU Apparel Inc. (TSXV: RYU) (OTCQB: RYPPF) (FWB: RYAA) (“RYU” or the “Company”), a creator of award-winning urban athletic apparel, announces that further to its news releases dated December 20, 2021, January 19, 2022 and February 17

[Sal1958]

schneps u say nothing has been raised. The original offering was for 10m. They raised 2.5m internally. As for the balance of the 7.5m. U claim nothing has been raised on the extension of the news releases. Why would they put out a news release from the coo moving forward with the business and pushing growth if nothing else has been raised. This is where u don't do your research and just throw

[shneps]

Sorry but once again you are incorrect. The original debenture offering was for $12.5M at a whopping 12% with 8,333 warrants.  Then 3 days later they reduced the warrants to 1000. As part of the offering if somebody came with over $10M the company stated the debenture would be secured but seeing as they didn't have $10M in assets this wasn't possible to offer. Then on October 20th

[Sal1958]

schneps the internal 2.5 million is there. If u read the 7.5 million non private placement it reads: Management anticipates that Cesare Fazari, CEO, with other insiders of the company, intend on subscribing for approximately $2.5 million of the debenture Units in the offering. U can't post nothing has been raised. Does this not say they r willing to invest in the business. Have a nice day.

[shneps]

I do agree that in the revised debenture is was mentioned the Caesar and insiders "intended" to participate but in the last three updates this clause has been removed. For them to state they "intend" to participate is very different then they "have" participated. If they can't raise the $7.5M (or at least the needed $5M above their intended contribution of $2.5M

[Sal1958]

schneps 5 months has gone by, if they didn't do anything in the interim for thier inventory debt would they still be operating? Would u get this type of a news release from the coo Rob Blair. 2022 has come roaring in and I'm pleased to share that we're off to our best start in 3-years. Our eCommerce revenues, transaction rate and average order value is anticipated at double- and triple