User133 schreef op 24 december 2020 14:12:
Op reddit is er een draad over BRPA en RLFTF (OTC) waar de hype rond BRPA goed duidelijk wordt. Er werd echter een goede vraag gesteld met interessant antwoord dat ik het delen waard vond:
Question. Why not just buy $RLFTF for 43 cents per share when they hold 50% of margin?? And doesn't $RLFTF owns RLF-100 ?? I am very curious after DD on both companies. $BRPA is very over priced compared to RLF-100 owner IMO
3 hours ago·
edited 3 hours ago
I own 255k shares of RLFTF for exactly that reason.
However, RLFTF has a 2.7billion float with the disadvantage of trading on the SIX Swiss from 3am est to 11am EST every day. That means they often take profits from US gains. Trading on two platforms for an OTC penny stock often makes for a more stable share than most OTC stocks but limits big returns.
RLFTF just had an “extraordinary meeting” last Friday where they authorized 500k additional shares for possible “investment or acquisition opportunities.” The company has publicly declared an intent to uplist to nasdaq with no timeline published. They successfully uploaded to OTCQ this year so their serious about becoming reputable.
Given the fact NeuroRx SPAC’ed the same week, it is widely felt that they will RM with NeuroRx at the equivalent of a 30 or 50 to 1 share conversion (my personal speculation). This is likely because their profit sharing agreement for 50% proceeds to go to NeuroRx make them an otherwise unattractive merger candidate to anyone else. They also both share the same VC capital fund, GEM.