Share Growth comes from DELIVERING on promises - a look back Loved the 2020 Shareholder letter, which came out in December 2019. Like the stories of Santa Claus you tell your children, these were never meant to be believed...except by the most naive!
Some of the promises:
1. Expanding Bioganix with 56 new product launches.
- Result: Sales down 50+%, losses over $2 million/year.
2. Acquisition of BioV, Weedsense and others
- Result: ZERO of the many acquisitions and LOIs came to fruition. 100% failure rate.
3. Spinoff of BGX E-Health
- Result: NOTHING happened here...unless you count the annihilation of a once-successful business, before RLV leadership put their inept hands on it.
4. Full leap into Cannabis:
- Private funding was aupposed to happen...didn't.
- Licensing via PipeDreamz...nope.
- Cannakids...multimillion-dollar writedown of goodwill.
- ABSOLUTELY NOTHING HAS HAPPENED HERE.
In short, RLV Leadership has delivered on ZERO of its promises from 18 months ago.
As a bonus, they've all not delivered on the new empty promises for hand sanitizer, air filtration, PPE, and basically everything else they issue press releases on.