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 22, 2022 8:32am

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Post# 34533760

RE:RE:RE:RE:RE:so why at 7 cents

Sorry but once again you are incorrect.
The original debenture offering was for $12.5M at a whopping 12% with 8,333 warrants.
Then 3 days later they reduced the warrants to 1000.
As part of the offering if somebody came with over $10M the company stated the debenture would be secured but seeing as they didn't have $10M in assets this wasn't possible to offer.
Then on October 20th they again restated the offering for $7.5M @ 8% and none of the debenture is secured.
Once again because they have nothing to secure it against.
I will even provide your quote to help state the fact -
"the company has been taken from a large brick and mortar business to one store with e-commerce sales"
To this day no money has been raised (including not $2.5M raised internally).

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