RLV’s Net Worth: $55 thousand!Shareholder Equity, or a company's "Net Worth", is down to $55,000.
Last year, it was $5 million, roughly equal to its market cap.
Where do you think the share price goes from here?
Direct quote from their PR:
"Shareholders’ equity was $55,522 on June 30, 2020 (June 30, 2019: $5,048,308), a decrease of $4,992,786. This is primarily due to an increase in the deficit of $6,934,532. This was counterbalanced by an increase of share capital of $694,176 and share purchase warrants of $1,651,490, which occurred as a result of private placements closed during the Reporting Period, as previously described."
Who will be the last rat on this sinking ship?