TSXV:RYU.H - Post by User
Comment by
OldManWinteron Feb 08, 2017 7:32pm
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Post# 25819856
RE:RE:RE:RE:RE:Park Royal
RE:RE:RE:RE:RE:Park RoyalAt this point, I'm not sure if opening stores at break neck speed is the best way to go. I do think that they need to open eventually but I'd like to see the brand gain more traction first.
As for the latest round of financing, correct me if I'm wrong but I'm not sure how long they will go without doing another round of financing. I thought I read awhile back about how they were allocating capital from this financing. If they were able to obtain the 5 million, they would have the Ont store open in Q2. They received less than that so I wouldn't be surprised if stores were delayed. In the meantime, if revenue is to surprise to the upside than the above might be a mute point and expansion can happen faster.
Anyways, as I said earlier, rumor has it that this past Q should make us shareholders happy. I heard from two inside sources with regards to this.