TSXV:RLV.H - Post by User
Post by
AlwaysSkepticalon Jan 11, 2021 8:18am
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Post# 32265467
MaterialWorld has to make up assumptions based on NOTHING
MaterialWorld has to make up assumptions based on NOTHING ...Since RLV has not posted a single material update in five months, not even a PR (which we know they send even when not factual), and the last financials they released were DISASTROUS:
- Revenue down 50% (this was BEFORE COVID)
- Net loss close to $1 million
- Cash burn continues unabated, with no path to breakeven
- Continued dilution of shares, with millions of warrants issued at 5 cents, creating a ceiling to the upside.
- Complete abandonment of the CEO by senior leadership (no full-time Executives left) and Board (only two cronies of Aurelio make up the entire Board...how many credible companies have 2 Board members????).
You can follow the inane ramblings of paid pumpers who extol things like H-Source (another money-losing, 4 cent stock that has itself admitted they have no path to breakeven) and the huge potential in PPE...yet not a single new deal in five months at the height of COVID tells me they're not even in the game.
Or, you can base investment on fact - and have a chance of making money!