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Sunday, January 02, 2022 10:49:49 PM
Certain insiders of the Company have directly or indirectly purchased an aggregate of 12,014,988 Units pursuant to the Offering for gross proceeds of $720,899.
https://finance.yahoo.com/news/radient-announces-closing-upsized-private-233000204.html
Glad to see Radient insiders taking part in the financing. Insiders don't usually invest their own cash without high hopes of getting it back, and then some. This is always a good sign to me.
This $2M cash infusion should go a long way building inventories for the higher volume spring and summer seasons. Harry doing a good job chipping away at the debt while still increasing production.
Feeling more confident now that they have added working capital for ramping up TRX and HighGrade products. Should be hearing something on the TRX acquisition soon. Fingers Crossed :) Happy New Year!!! glta
Posts are my opinion only, and not advice of any kind. glta
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