Q: Good morning,
Just looking at RHT and notice that it has been halted on the Vancouver exchange, since November. It has missed its year end financials as well as Q1 and Q2. Q3 is end of May. Have you ever heard of a company in such distress ( CEO and CFO having left as well) coming out the other side, as a going concern?
Just looking at RHT and notice that it has been halted on the Vancouver exchange, since November. It has missed its year end financials as well as Q1 and Q2. Q3 is end of May. Have you ever heard of a company in such distress ( CEO and CFO having left as well) coming out the other side, as a going concern?
5i Research Answer:
To our knowledge the company is still operational, and put out a minor press release in late March. That being said, it did also announce a CFO change, which is sometimes a red flag. Considering how far behind it is in its financials we would not be overly optimistic here. A company can 'bounce back' on occasion. It has happened. But it is so rare we can't actually come up with any names from memory to prove our point.