Radient Technologies Inc RDDTF

Update from RTI

[Stickman]

We were told by the securities regulatories after we had reaffirmed our Q3 revenue guidance that we could not issue sales guidance without also providing guidance on the costs of the revenues (ie. margin).  We had a very lengthy discussion with them, and pointed out that this has been done by many public companies, but were told that this is the new standard that they will be enforcing.  

 

Margins in FQ3 were negatively impacted by the cost of biomass and some reduced processing times as we shut down Ed 1 while doing work on Ed II.  With the addition of capabilities to produce resin and distillates, ultimate processing volumes will depend on the end product.  Looking strictly at a crude extraction basis, we are running above 200kg/operating day.  

 

Hope this answers your questions.

 

Kind regards,

 

Adam

[Damasta]

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[Damasta]

This post has been removed in accordance with Community Policy

[Shazam57]

Hey Damasta, want to hear something funny though I suspect you already know. Sean Price thought we were the same person lol.

[Damasta]

This post has been removed in accordance with Community Policy

[Shazam57]

Cheers, Iv'e been in with them from pretty much the get go. Made money and lost money like everyone here. GLTA. Their tech is great and hopefully things really start to rock and roll but not before the next financials. I want to load up some more. Need to diversify for a bit.

[SeanPrice]

Spanish Lady, what do you mean by "again" ? Nice try tho :)

[Redneck]

Thanks for the update Stickman. And thanks for sharing, much appreciated