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Roadman Investments ( (TSE:LITT) ) has issued an update.
Right Season Investments Corp. has revised the terms of its non-brokered private placement, which involves issuing up to 800 unsecured convertible debentures for gross proceeds of up to $1,200,000. The proceeds will be used for potential investment opportunities and general working capital. The debentures, convertible into company units, offer a 5.45% annual interest and mature in June 2026. This move aims to bolster the company’s investment capabilities and strengthen its market position.
Spark’s Take on TSE:LITT Stock
According to Spark, TipRanks’ AI Analyst, TSE:LITT is a Underperform.
The overall stock score for Roadman Investments is low due to significant financial challenges, including negative profitability and cash flow issues. While the balance sheet shows a strong equity position, operational inefficiencies and liquidity risks are concerning. The technical analysis suggests a bearish trend, and valuation metrics reflect ongoing losses and high volatility, making it a risky investment.
To see Spark’s full report on TSE:LITT stock, click here.
More about Roadman Investments
Right Season Investments Corp. is a Canadian Venture Capital, Investment and Advisory Firm that focuses on driving innovation and accelerating growth for its shareholders by investing in private and public companies with excellent growth opportunities.
Average Trading Volume: 39,401
Technical Sentiment Signal: Buy
Current Market Cap: C$4.49M
For detailed information about LITT stock, go to TipRanks’ Stock Analysis page.