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RDX Technologies Corporation V.RDX



TSXV:RDX - Post by User

Comment by dinamo1on Nov 29, 2014 1:55pm
196 Views
Post# 23177260

RE:RDX selling the company?

RE:RDX selling the company?Gotta love all the discreetly hidden statements that could protect the company from future litigation but are impossible to comprehend at the current time of reading. Don't blink or you might have missed this one too: "At September 30, 2014, we had $0.2 million of cash and cash equivalents, a decrease of $1.2 million from the end of fiscal 2014. This decrease in cash was primarily due to the Company’s continued decrease in operations at its Energy and Water Segments resulting in less available cash for continued operation obligations coupled with non-recurring cash outlays to DAS under the Development and Supply Agreement and legal settlement payments." How much and why exactly are we syphoning off cash to Danzig Applied Sciences?
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