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Cleantek Industries Inc V.RPC


Primary Symbol: GLKFF

Raise Production Inc is an oilfield service company that focuses on the production service sector, utilizing its proprietary products to enhance and increase ultimate production in both conventional and unconventional horizontal oil and gas wells. It provides in-house design, manufacture of patented devices, reservoir analysis, and other related services. The company segments include Raise Efficient Artificial Lift system, Horizontal Artificial Recovery Technology and Corporate. It derives maximum revenue from the Raise Efficient Artificial Lift system segment. Geographically, it generates a majority of revenue from Canada and also has a presence in the US and Romania.


GREY:GLKFF - Post by User

Post by rustycaton May 03, 2021 2:01pm
425 Views
Post# 33115318

Raise's new arrangement with Q2 places RPC into a Royalty

Raise's new arrangement with Q2 places RPC into a Royalty arrangement.   
Well, it's about what was expected.  RPC receives royalty payments for ten years, which may be enough to keep Eric paid (that's a strong maybe). 

RPC, apparenty has decided to keep the Royalty payment amounts secret, which is all the income it can expect going forward.  Can't imagine how they are going to pay their crack directors with the meager amounts the Royalty will generate. 

Thinking about it, I assume Eric will retain the patents when they finally close the doors permanently and will then look forward to an increase in his monthly check when all other expenses are axed.   
Thank you shareholders for continued support.  
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