TSXV:RHT.H - Post by User
Post by
Reggie1on Jan 06, 2024 9:44pm
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Post# 35814258
Regarding price action in 2018
Regarding price action in 2018Peaked at $2.50 per share March 2018
Started fadding or selling off in July and was around 80 cents when they anounced uncollectable revenues.
I walked away when it broke $1.40 cause something just was not right.
Alexander Elders - Trading for a Living. The hounds of the baskervilles theory. Sherlock Holmes novel. There was a murder and dog was on the premises but no one heard the dog bark. The dog was supposed to bark but didn't. All the growth and revenues be touted and the share pirce is breaking down. The stock is supposed to be going up but isnt. The dog is supposed to bark but isn't.
Kind of thing used to not buy into your own or others fairy tales.
Now it dropped a lot before they anounce the uncollectable revenues and so my theory there is people were able to investigate with clients to find out what is what and they found out what is what.
Now they do not tell you who the clients are. The CEO will not answer questions on a conference call. And they are being audited for reasons they are not disclosing.
Its all pretty hard to defend unless you truly do believe in fairy tales.