Radient Technologies Inc RDDTF

Q2 2020 - "prove it" time

[gamos99]

RTI has the ~$21M worth of biomass they have started extracting from, for "white label" oil to sell to other LPs. They say this will start showing up in Q2 revs but won't make a big impact until Q3

Revenue of $5 million in Q2 is a reasonable expectation.

Last earnings, there was basically no earnings ( less than $100,000) - pretty dismal earnings really. The onlyu positive is the cash on hand which is $24M, in other words, enough to sustain them another year at least based ion current cash burn rate.

Q1 2020 earnings (reported Aug. 27, 2019) (quarter ended June 30, 2019):
revenue: $61,000
expenses: $5.7 M
net income_loss: -$6.3M
EPS: -$0.02
Cash on hand: $24 M

[AaronEggs]

Edmonton III is 20 million and they've paid almost nothing towards it, that leaves 4 million, they need revenue to match their cash burn or we'll need a loan, i have a feeling a loan is on the horizon.