GREY:RNKLF - Post by User
Post by
factRbeston Jan 23, 2018 7:05pm
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Post# 27420205
Expressing concern - Negative?
Expressing concern - Negative?Even Jack can verify this but he won't
Months before RNX sold Dumont for 5 million dollars I expressed in a post that the losses from Beta Hunt was going to result in the sale of assets to pay the bills. At the time if I recall citing that they had diluted to the point where paper was not an option.
I say 5 million because the rest of the money stayed with the JV. If RNX gives away more of Dumont they also give away their share of the cash.
A few months later they gave away half of Dumont.
The post is here to read if one wants to.
A short time after that RNX did a financing put up even more of Dumont as collateral.
They have since spun out TNN and then used some of that to pay for Beta Hunt as well.
Beta Hunt finances are no better today than they were in 2016.
That is verifiable and not posting it does it make it not real.
Anyone who considers this an investment and does not have a concern in this regard. Or god forbid, doesn't want to hear (read) about it.
They can only be here to chase the share price. Good Luck with that.