Research! calculations?
They have been developing this business for 8 years and the best so far is:
A paltry $203, 000 March quarterly sales ( YTD $434,000)
A negative cash flow of $1,687,00 for March quarter. ( YTD $4,482,00)
Like in 10 months :
Raised $5.00 million at 20cents ,
November 2015 they raised another $3.6Million at 28 cents
$5.5 Million at 15 cents.
So investors have pumped in over $14 Million in 10 months and this time we are to believe this will be the last time
they will need to tap the market to get to cash flow positive.
To date RENT have grossly underestimated the cost to get any revenue traction is evidenced by the revolving
door of capital raisings.
I would like to believe they will get there before the need for another diluting CR but I am far from convinced.
I think they have a great story but the story eats cash morning noon and night and will the market keep feeding it when it they keep disappointing.
So far clicks are far from cash
RNT Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
