TSXV:RLV.H - Post by User
Post by
AlwaysSkepticalon Jan 20, 2021 7:38am
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Post# 32331766
Key takeaways from latest fins
Key takeaways from latest fins- Sales continue to plummet
- Record loss: $6.9 million
- Record Cash burn
- 67 million warrants exercisable at $0.056
- Total liabilities of $4.2 million
- Almost 100 million new shares issued!!!!
- Record Management Fees, close to $1 million
- Punted on paying back millions due in December 2020 because they're broke...still owed and psying interest
- Yet another flop: Hand sanitizer launched in April...despite a reported $250k in preorders, the ENTIRE COMPANY's quarterly revenues from April-June 2020 were $300k, including Bioganix...where did those sales go? Hmmm...
Wow. I thought these would be bad, but this is on a whole other level of horrendous.
But hey, MaterialWorld and Swyint I guess are fine with Management&friends paying themselves $1 million in fees, while diluting shareholders in two ways:
- 67 MILLION warrants executable at $0.056...this is 60x the daily average volume! Guess what will happen if the share price ever goes above 6-7 cents?
- Added over 100 million shares since 2019...basically doubled the number of shares outstanding! Guess what this math does to share price:
(Declining Earnings per share) + (Doubling of number of shares) = Share price goes ??
Embarrassing.