TSXV:RYU.H - Post by User
Comment by
losecashon May 31, 2016 11:24pm
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Post# 24921725
RE:RE:RE:RE:RE:RE:RE:My Observation of the current location....
RE:RE:RE:RE:RE:RE:RE:My Observation of the current location....Hockeynut2 wrote: Good Evening Illuminated one. I'm in as of today, BUT, I have to agree with old man winter on the validity of your price projections. Right now, they are out to lunch. You aren't comparing apples to apples. All 3 of the comparison companies you mention brought new products to market and there was an immediate demand for what they were offering. RYU isn't doing that. RYU is trying to make inroads into an established niche market. They have to quickly prove that their product provides superior performance at a competitive price or they will disappear along with hundreds before them. Right now everything is looking good because of the financing, but they have to quickly get revenue to the point where it covers the cost of inventory and rent. For me, this is on a tight leash. If it hits 15 cents I will be gone. I bought in because of managements reputation and the social media hype. I will stay in, if the sales numbers warrant it. If they can't grow revenue to the point where it covers costs then this gets flushed. Good luck to all. PS. have you checked into RBC's Action Direct yet? It can save you some bucks.
Agree...........2 bucks would be a best case scenario within a couple years. Good luck boys.