RE:RE:RE:RE:*** RCG DAMIAN PREACHING HOPE***
First my sentiment.
possible/likely outcome 2019
1. the company declares bankruptcy
2. gets delisted from the exchange
3. shares are worth nothing
unlikely to repeat scenario from early 2016
1. company wrote off Indonesian assets
2. seemed to be bankrupt
3. someone invested in the company paying off debts
4. the company was a shell and tax-credits and little more
5. additional investors breath life into the company
fast forward to today
difference between 2016 and 2019 is that RCG is more underwater now
tax credits are only up $10M
Notes:
1)
tax credits
2014 $14.5
2015 $14.7
2016 $14.0
2017 $15.1
2018 $20.8
2019 $25.0 estimate
June 2018 Annual Report pg 28
and other annual reports.
All available on SEDAR
2)
Shareholder equity was underwater by $2.6M in June 2016.
Shareholder Equity (2,635,461)
see June 2017 Annual report
Pg 4 Balance Sheet
Pg 6 Common Shares (aka Share capital)
3)
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https://stockhouse.com/companies/bullboard?symbol=v.rcg.h&postid=29916710