Radient Technologies Inc RDDTF

RE:RE:In nine months

[Oilspecs]

Oilspecs wrote:

Damasta wrote: Liabilities went from 10.18 million to 39.6 million. Bad

Total assets went from 61 million to 76 million. Good

They had 37 million in cash and now have 500k. Bad

Total shareholder equity is $36.4 million down from $50.8 million. Very bad

Revenue went up 800% and they lost $5.4 million. Not good

Shazam thinks this is good news. In fact such good news he suggests putting your shares up for sale between .50 and .60 cents to "stop the shorters". Thats right, you read it.  

The share price will tell us what the market thinks. See ya next week

Oh let me guess, it is the corona virus fault! 

I was referring to them actually having sales. I was shocked they did something other than sit on their smelly butts. What is more shocking is the fact that they have not spoken about anything in detail. Just vague comments that are misleading. Trying to make you feel like they have a plan but they clearly do not. They would not be working on 15% margin when clearly 25-30% is the industry norm. Why do they have 17 million inventory? Extract it already........this shares for services thing is getting ridiculous also. 275 million shares outstanding and losing money like a toilet. Other Lp' s have surpassed them using super critical co2, Weedmd, Aleafia, have commissioned more than 50,000kg/year and will by year end commission 2 more extractors to be able to extract 300,000kg/year combined. They each also will be growing outdoor this summer 100 acres. I mention this because the input cost per gram will be around .10-.25, and rti will be still buying wholesale for who knows how much. They will make 4000-10,000% return on every gram extracted, where rti can not even muster up a 30% return/gram. How can they compete? This whole industry is changing.

3rd party extractors can not compete with an LP that grows outdoor and extracts in house. These two LP's I listed were just examples, all in costs of .10-.25/gram. They can supply the whole Canadian market demand alone. How will RTI compete? Sorry guys, Damans is right........if you are not producing outdoors......you are doomed. Fatso just issued another 500,000 options for himself and another director.....does it ever end? It will soon.....I am guessing later this year.