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Cleantek Industries Inc V.RPC


Primary Symbol: GLKFF

Raise Production Inc is an oilfield service company that focuses on the production service sector, utilizing its proprietary products to enhance and increase ultimate production in both conventional and unconventional horizontal oil and gas wells. It provides in-house design, manufacture of patented devices, reservoir analysis, and other related services. The company segments include Raise Efficient Artificial Lift system, Horizontal Artificial Recovery Technology and Corporate. It derives maximum revenue from the Raise Efficient Artificial Lift system segment. Geographically, it generates a majority of revenue from Canada and also has a presence in the US and Romania.


GREY:GLKFF - Post by User

Post by rustycaton May 12, 2018 10:53am
89 Views
Post# 28022302

Such a deal

Such a dealRPC, has just sold 13% of the company for 3.5 million CDN.  And were forced to give exclusive rights to all their products for the entire US Market to SEH.   Of course, the details of initial inventory purchase commitments, etc. are not known, but certainly, Raise was not negotiating from a position of strength.  All I can say, is I hope SEH partners are benevolent.     
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