TSXV:RHT.H - Post by User
Comment by
kusio1on Feb 05, 2024 1:13pm
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Post# 35863407
RE:RE:RE:The MoneyNarrative has placed his bet. Terrible odds....
RE:RE:RE:The MoneyNarrative has placed his bet. Terrible odds....Well, the fact that current audit takes over 7 months and counting, and KPMG clearly disagrees with the numbers reliq wants to put out is clear indication the company is rotten.
That's on top of what we already knew:
- write-downs
- Fake NRs
- Lack of collections
1) The Software isn't worth 50mln. You pulled this number out of your behind. The software generates no cash. Just because failing company billed about 10mln to develop it to some unknown parties, doesn't make it worth 50mln.
2) What customer base? You mean non-exclusive, non-binding, non-commital 'contracts' with unknown, unnamed entities, that bring no cash? - yep, must be worth a ton
3) More numbers that you pulled out of your behind. Where did you find 2mln collected? How much of it was collected for SaaS? If majority from devices (you know, the ones that were actually opened and not collecting dust months after shipment) then why do you provide 5x sales for device reseller?