RYU Apparel Inc V.RYU.H

Alternate Symbol(s): RYPPF

Consumer Cyclical Luxury Goods

RYU Apparel Inc. is a Canada-based urban athletic apparel brand, which is engaged in the development, marketing and distribution of apparel, bags and accessories. The Company’s products are engineered for the fitness, training and performance of the multi-discipline athlete. The Company’s products are designed, developed and tested at its corporate headquarters in Vancouver, British Columbia, Canada. The Company’s products are produced in factories located in North America and Asia and it sells its products through retail, e-commerce and wholesale channels. The Company offers its products for both men and women and also sells its products through Websites, ryu.ca and ryu.com.

TSXV:RYU.H - Post by User

RYU Apparel Inc > so why at 7 cents

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Comment by shnepson Mar 17, 2022 9:47am

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Post# 34521514

RE:so why at 7 cents

Wow, seven months now they have offered an 8% debenture and haven't raised even a first tranche for the debenture. That and they just paid $705,000 to divest from their lease liabilities at La Jolla and Newport. That certainly hurts the bottom line when you are only making $79,000/month revenue, a mere $16,000/month gross revenue and spending over $1M+ per month.

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