TSXV:RLV.H - Post by User
Comment by
AlwaysSkepticalon Jan 31, 2021 2:04pm
70 Views
Post# 32431980
RE:RE:RE:RE:Trash
RE:RE:RE:RE:TrashThe sp trend, the dwindling options to raise cash needed to stay afloat, and complete inability to deliver on opportunities are just three of the many reasons why I would suggest not just keeping money and hoping/wishing the price will go up.
Please educate me on reasons why you see it otherwise!
If you want to talk PPE, they have announced ONE deal, dating back five months, have yet to deliver even half of it to the customer, and have been closed-lip about its profitability (or lack thereof).
Why haven't they been able to secure ANY new business since September? Why have we not seen any revenue from the hand sanitizer launched in April? How do you continue to accept that they have destroyed Bioganix?
And, the biggest question: How will they raise funds? They need MILLIONS just the keep the lights on:
To raise $5 million, they would need to issue 166 MILLION shares at 3 cents...and would likely need to add the same 166 million in free warrants at a similar strike price.
Do you not see this??? Just to pay their debts, they would need to issue shares equivalent to the ENTIRE number of share outstanding!
When the value of the company stays constant, but there are double the number of shares, the value/share gets cut in HALF.
But hey, maybe I'm just mean or trying to short. And FYI, I am waiting to short at >7 cents, as openly stated before.