TSXV:RLV.H - Post by User
Comment by
AlwaysSkepticalon Jun 14, 2021 1:44pm
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Post# 33382378
RE:RLV
RE:RLV I would guess RLV was hoping for a pop in their stock with their nonsensical PRs, trying to maximize private placements.
With the stock clearly flatlined, what they have is a 2-cent stock with zero volume, a company burning through over $2 million in cash without growth, and its last dying hope was PPE - a market that they have been unable to sign a single new contract in almost an entire year.
If - and that's a BIG if - they are able to find someone to play, it'll be insanely dilutive to every single shareholder left.
To raise just the $2 million needed to keep the lights on until year end:
- 100 million shares @ 2 cents
- Will likely require 100 million warrants at 3-4 cents
In other words, this would destroy any shareholder, and ensure the stock has no upside since, to get past 3-5 cents would require working through 150 million warrants being executed, creating further dilution and profit taking.
deet wrote:
Wow!! A whopping $1,600 worth of stock has already exchanged hands this morning. And it's only 9:50 am. Impressive. "BIg money" coming in and snatching up those cheap shares, right Fast Fry?