Cleantek Industries Inc V.RPC

RPC

[rustycat]

Looking over the website and product information I must suggest shareholders take time to look at the product info sheet on the HALS High angle pump:
https://raiseproduction.com/images/PDFs/Pump_Comparison_-_Case_Study_2018.pdf
Okay, very impressive over conventional pumps and I doubt it is made from whole cloth as it has both Raise and Endurance on the headers and I doubt Endurance would tolerate an unsubstantiated sales flyer.

Which brings me to my question:

RPC has granted Endurance exclusivity for the entire United States for not only the current suite of products, but for all future products.  Endurance is pretty small potatoes and certainly can not effectively represent  RPC's pump technology to the entire US.  And, I'm sure with their presentations in Oman and Romania through their overseas subsidiary they will put the screws to RPC prior to the next round of private financing where RPC will sell another not insignificant portion of their Company for granting exclusivity for Europe and the Middle East.

Frankly, I just don't understand RPC's business plan.  Are they in a state of constant panic or in a state of  magical thinking that things will all work out somehow?  In either case, it certainly appears they will be selling their company to Synergy Energy Holdings piecemeal over the next 24 months.  Is there a performance clause in their agreement with Endurance?  No mention was made of it in the scanty news releases issued by RPC, and if they didn't negotiate specific performance guidelines, well ..... what were they thinking and how did the BOD allow it to happen.  Certainly, if that is the case, the BOD has not performed with the best interest of the shareholders -- as their legal responsibility mandates--and should be held accountable.