TSXV:RHT.H - Post by User
Comment by
Lifeboat1on Oct 30, 2021 4:51pm
155 Views
Post# 34068841
RE:RE:RE:RE:Calculated timing
RE:RE:RE:RE:Calculated timingryang999 You have no clue about Raising money. Having participated in a few PP over the years, the Company doesn't "open their books" to investors. Investors are only entitled to the publicly released information and financials. The audited annual financials were also just released which is as open book as it gets. Reliq just did a PP a year ago in the middle of Covid, when the stock and market sentiment were at their lowest and coming off their worst financial quarter in the past year and the PP was over subscibed. The recent audited financials were significantly better than a year ago from both a revenue and margin perspective and the outlook and overall sentiment sigificantly higher now than a year ago. The stock went up 500% to a new yearly high isince the last PP and is still up 400% from a year ago. They would have no problem raising $10 million dollars if they needed to.