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 23, 2022 10:23am

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Post# 34537479

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

I do agree that in the revised debenture is was mentioned the Caesar and insiders "intended" to participate but in the last three updates this clause has been removed.
For them to state they "intend" to participate is very different then they "have" participated.
If they can't raise the $7.5M (or at least the needed $5M above their intended contribution of $2.5M) there really is no reason.
Five months ago they needed $2.5M for inventory and $1M for debt payments.
What's have they done in the interim for inventory purchases and debt?
If the company can't sell products and pay its debt would it be reasonable for them to invest.
No, of course not.

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