Apr. 5 at 1:16 PM
$RVYL RTB addressed the RVYL Non-Compliance with Nasdaq through an equity placement and RSS, they injected
$35M in the business (equity) and secured
$10-15M contract as already noted on the board. Management has confirmed a 12mos lockout period on more than 11.5M shares, which keeps the float here at/around 2M shares. The RTB merger has been approved by the shareholders, the management team is appointing a 20YR GS veteran grounded in this industry to the board, and are only awaiting formal approval/concurrence from Nasdaq on the merger completion, ST symbol change to RTB - compare to
$7M market cap. I have stated now for some time, start/build/add at or under
$5.0 with multiplier upside possible (IMO) from that level. Speculative-but one to consider near term.
https://www.stocktitan.net/news/RVYL/roundtable-ceo-james-heckman-clarifies-equity-status-announces-one-s46r8o4q8kpg.html