Radient Technologies Inc RDDTF

Update from RTI

[Stickman]

Adam replied:

The government regulations are in flux and only part of the equation.  We are also balancing availability of contractors and their specific guidelines, our operating guidelines, availability of our own staff and costs.  Because Ed1 and Ed2 are in the same building, its not as simple as having someone in to do some work.  We are also balancing what is needed and believe we can handle all work currently needed with capacity from Ed1.

 

I do not believe there is any discussion on share consolidation.  Share price is one consideration, but volume is also a key factor.

 

The sales leaseback is not off the table, but has taken much longer than expected.  We are examining several options to protect against further delays or if terms are not agreeable.

 

Regards,

 

Adam

[AaronEggs]

That email doesn't instill a lot of confidence, they only have demand for Edm I , he really made it sound like there isn't demand for Edm II yet

[Stickman]

I agree. We need Ed 2 commissioning finalized and product running through that for the next Quarter (July,August,September) in order to see increased revenues on November's financials. I believe they will be on track to get that done. I also believe they are partly waiting on Aurora Hemp to get going first. Timing should be right for that partnership requiring Ed2's capacity. 

[AaronEggs]

Did they not get rid of the hemp plan? I thought they were converting Edm 2 to cannabis. I can't see them having the thing ready in 4 weeks, really didn't get a sense of urgency in his email

[SeanPrice]

You always sound so depressed.  Go outside, get some sun.  Vitamin D is good for depression. 

[Damasta]

This post has been removed in accordance with Community Policy

[Stickman]

Damastabater,  Let me get this right.... You sold all your shares for a net loss, you now use my research info to answer others questions, and you spend copious amounts of time trying to debunk a theory around pumpers working as one person. Time to move on sir. Your time is over due. Back to eating crayons and finger painting with your poop. I look forward to doubling my money with

[AaronEggs]

Doubling from 0.14 or doubling from my average of 0.80? Gosh I can believe that this thing goes down every day

[Stickman]

Stay positive Eggs. Don't listen to the poop painter, he sells when insiders buy. That should say enough.

[Damasta]

This post has been removed in accordance with Community Policy

[AaronEggs]

You should have held 

[Damasta]

This post has been removed in accordance with Community Policy

[Walshybx]

nice trade Damasta.  Now you can buy back and get 4x as many shares.  RTI is about to rocket.  3x within 60 days  

[Stickman]

RTI stated that they are able to exceed 200kg in a day on Ed1 (I posted that some time back) They haven't said by how much, but I believe it is significant. That is extremely positive news that not many have considered here. The more efficient they can run Ed1, the greater the margins. I suspect in the next earnings report we will here some concrete stats on that units production capability

[AaronEggs]

They originally listed Edm I at 250kg per day which is about 70,000 kg per year, Valens extracted that amount and pulled 30ish mil in rev, would be nice to see something similar to that here, but why even bother with Edm II if this is all the demand warrants, why was Edm III even considered? On what planet does Canada need 4 million kg of cannabis extracted.

[Stickman]

I sent IR a request for information regarding Ed 2 and what they see for demand going forward on this unit. I will post when I hear back. No doubt the expansion of Ed 2 in the same facility has allotted more space and resources to operate Ed 1 at higher efficiency. But I don't have clarity on that from RTI. 

[AaronEggs]

Thanks Stick, preciate that

[Damasta]

This post has been removed in accordance with Community Policy

[SeanPrice]

After a milion posts repeating "I do not trust what IR says", HarassMasta is now quoting Adam. Now that's funny :)

[Stickman]

Exactly why the poop painter can not be listened to any longer. He's way too ill.