Post by
bbuddwisserr104 on Mar 04, 2020 7:12am
truth
lets clear the air here rti has enough bean counters and expertise in extraction to know exactly what the margins were going to be and i don't believe their story to me they bought the bio mass from acb to try and save booths job after germany screw up to boost rev's for acb plain and simple .its no way to conduct business useing share holders money to do it sure they will do much better next quarter now that booth is side lined but but into question who is running rti .I realize peltez and large companies are waiting in the background for the right timing to jump in and both rti and acb will be world leaders in the end but are they going to run them into the ground first so they have them for nothing is my worry
Comment by
BigFishy on Mar 04, 2020 11:26am
complete nonsense, so Aurora was looking to Radient to save their azzes? laughable.
Comment by
AaronEggs on Mar 04, 2020 12:00pm
Haha of course they were, why would they force them to buy 25 million dollars worth of weed, then they only process 7 million a quarter, basically forcing them to scramble for financing, you're pretty clueless for not seeing that
Comment by
hayman2000 on Mar 04, 2020 12:04pm
How many Kgs of Bio mass was purchased for 25M. They stated Looking strictly at a crude extraction basis, we are running above 200kg/operating day So how many days is it of production? When will they run out? Good for 1 quarter, 2??? If they don't need to buy any biomass for the quater or 2, Cash won't be as big of an issue.
Comment by
AaronEggs on Mar 04, 2020 12:15pm
The burned through 7 mil in biomass last quarter so they should have enough for 2 quarters, buying 9-10 months worth of biomass at once put them in financial ruin only for ACB to show that 90 mil in sales mark. I don't know how much they spent per gram though
Comment by
Damasta on Mar 04, 2020 12:41pm
This post has been removed in accordance with Community Policy
Comment by
AaronEggs on Mar 04, 2020 1:06pm
I think those financials were big for terry and cam and they needed that extra 25 mil in there, I would imagine now that we're a couple quarters past that they won't need to put Radient in that type of situation again.
Comment by
Damasta on Mar 04, 2020 12:35pm
This post has been removed in accordance with Community Policy