TSXV:RHT.H - Post by User
Post by
RottenRonnie7on Jan 17, 2024 3:21pm
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Post# 35832011
curtains
curtainsappears this may be the end of the road for this outfit as it's been known, not sure how it took this long really.
i've said it before but now i believe it's inevitable, this will require a complete 're-org', possibly sale of company, consolidation of shares "IF" the technology is as good as it's touted. i certainly don't know if it is or not but that's the only thing marketable at this point. obviously, the business model (if you could call it that or if they had one) was badly flawed. we're in business but we didn't think through how we were going to collect revenue or if we even could???? not much of an excuse in the face of auditors demands which causes the ceo to 'run away'.
the continued issuance of shares was a telltale sign this thing was goin badly wrong, no revenue, just issue some more shares, screw the shareholders...they don't need to know.
anyway, market won't buy any of this from these people now, gonna take a 'good long while' to even see the light of day ....if it ever does. just my opinion of course
RR