TSXV:RLV.H - Post by User
Comment by
AlwaysSkepticalon Sep 21, 2020 11:22am
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Post# 31591115
RE:RE:RLV $20,000,000 contract to supply
RE:RE:RLV $20,000,000 contract to supply Notice a few items:
1. This is a distribution deal on a bid - usually the margin in these deals is 5-7%...assuming best case (10%), that's $2 million in margin.
2. They gave 10% CASH off the top as "commission" = $2m....there goes all the profit.
3. Every deal will issue 5% in warrants at 5 cents = For this deal, ~$1 million wall of warrants at 5 cents.
This structure is in place for all future bids won by this JV...anyone who doesn't see what a pipe dream this is shouldn't be allowed to trade with real money.
Hence why people are lining up to short anything North of 5 cents...