Bullboard - Stock Discussion Forum RYU Apparel Inc V.RYU.H

Alternate Symbol(s): RYPPF

RYU Apparel Inc. is a Canada-based urban athletic apparel brand, which is engaged in the development, marketing and distribution of apparel, bags and accessories. The Company’s products are engineered for the fitness, training and performance of the multi-discipline athlete. The Company’s products are designed, developed and tested at its corporate headquarters in Vancouver, British Columbia... see more

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TSXV:RYU.H - Post Discussion

RYU Apparel Inc > Press release

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Post by Duediliguyedili on Jan 31, 2020 9:33am

Press release

suprised a PR with so much detail didnt say who the cunsultant is. Should have waited until they were able to say who it is.

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Comment by athleticsguy on Feb 01, 2020 12:16am

It's because they need to raise $7M first before this consultant will agree to work with RYU. Think of this release as a fund raising attempt.

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Comment by had2chimeIN on Feb 01, 2020 11:50am

is that on top of the 5?

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Comment by Sal1958 on Feb 01, 2020 12:37pm

@athleticsguy fund raising attempt with 5 day to the private placement due date not likely. When a company puts out a press release (NR) it needs to get aproval from the TSX and the company's lawyers. They need to assure that the NR is in full compliance. Misleading or guiding investors leads to lawsuits, companies being penalized. 3 more days to private placement due date. The consultant and ...more

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Comment by had2chimeIN on Feb 01, 2020 9:39pm

only emotionally now.

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Comment by had2chimeIN on Feb 03, 2020 12:58pm

so does anyone know? Are they seriously trying to come up with 12m right now?

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Comment by Sal1958 on Feb 03, 2020 1:10pm

had2chimeIN emotionally harging around? The question is misleading. Let's wait for the Private placement due date to give us the consultant and the financing info. Rest assured this info is coming. The due date is Feb.05. Wednesday.

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Comment by had2chimeIN on Feb 03, 2020 2:20pm

yes still interested in the story. Is that not allowed? The question is not misleading. They're making an attempt at raising 5m, this was announced well before the consultant and seemingly had the money allotted. Then they announced the 7m required. So to me it seems they're currently trying to fundraise 12m. Is that not correct? Nothing wrong with asking this question.

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Comment by Sal1958 on Feb 03, 2020 2:36pm

had2chimeIN the common shares and the warrants offered on this private placement total 13 million. I believe this answers your question. If your going to follow the story you need to wait for the info. Wednesday Feb.05. Stay tunned.

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