RDE Inc. (RSTN)

[InGodshand]

The issue they have to get under control, before this can be worth anything, is that TheRestaurant.com certificates are not real gift cards. Customers pay Reastaurant.com , usually big corporations around $4 for a $25 gift certificate, in which Restaurant.com keeps all the money.

In theory this is actually a great business model if you can get away with it, but just doing a simple Google search and BBB search tells a very different story. If they can sell 100,000 of these coupons per month, they net $400,000 per month. The problem is, even with the influx of carry out and delivery, there are 1,000's of very unhappy customers.

If they can fix that, they may have something here, as it can help restaurants recover their business while driving customers to their restaurants. It will blow up on them if the Restaurants do not honor these coupons and have a seamless experience using them. I hope they use the $7.5 Million they raised to focus on the customer experience, which in their model is both the Consumer and the Restaurant that accepts the discount.

Might be worth a gamble, if they confirm the raise, and fix their consumer issues before they are shut down.

Good luck to all.