AveragePenny
3 weeks ago
$RJDG RJD Green Inc. (OTCPK: RJDG) Announced Their Software Division, ioSoft Services, has Procured a Private Label Agreement Providing the Usage of the ioSoft Suites Platform
https://www.accessnewswire.com/newsroom/en/computers-technology-and-internet/rjd-green-inc-otcpk-rjdg-announced-their-software-division-iosoft-981699
TULSA, OK / ACCESS Newswire / February 10, 2025 / RJD Green Inc. (OTCPK:RJDG) announced their software division, ioSoft Systems, procured a private labeling agreement of the ioSoft platform, ioSoft Suites.
The Client is a management firm that works in the health care sector offering business advisory services that enhance productivity and profitability for the small business health care sector in an eight-state region.
ioSoft management stated," This agreement will incorporate usage of ioSoft LinkUP communication software as well as the adjudication and accelerated payment systems of the ioSoft Suites platform."
ioSoft Suites where expedited payment systems are now teamed with claims processing and adjudication, a multi-level communications system, and accurate data collect software systems.
ioSoft offers an integrated system pricing and payment of claims that enhances productivity, efficiency, and costs. The software solutions can be utilized individually or as a total claims and payment management system.
ioSoft LinkUP© - is the ultimate communication interface that enables the plan participant to access their ID card, update enrollment and access their claim information 24/7 using their iPhone or Android. The Plan Administrator has 24/7 access through their tablet or laptop to review and approve enrollment or access the system database as needed.
longago
3 weeks ago
"Unfortunately, the operating agreement between the two companies has lingered with the launch of the new unit now targeted for February 20th at this time."
These guys bought, and paid for, assets without a completed agreement for approval to use those assets???? Rookies, and their law firm must be lacking as well.
What if they actually made a large acquisition??? They had to restate their year end numbers for a simple error and the current quarter's numbers have both simple, and deeper, errors/mistakes.
They missed by 300K on revs just weeks after an announcement. Then, next quarter, they mentioned 2 large orders in a press release, but reported revs that were almost dollar for dollar the same as the prior year. Now they tell us they have a 1.6 million backlog???
They need a trustworthy finance guy as CFO and to lead the financial reporting effort.
I m less bullish now than a year ago but continue to try to buy below tangible BV per share and hope they continue to be profitable on a continuing basis.
This company has no real reason to be public. Profitable with no debt, except trade a/r, they should have access to adequate capital to fund growth and most acquisitions. Insiders seem to own just over 25% of o/s so the absolute best acquisition candidate would be RJDG common.
ORCA
2 months ago
NOT A BAD Q1.GOOD THING WE MADE A NET PROFIT.I EXPLAIN BELOW WHY IT WAS A SMALL PROFIT VS A YEAR AGO Q1.
1)Total Liabilities $ 289,223 ONLY.
2)Total Shareholders' Equity is up to $ 3,038,552 from $ 2,376,156 a year ago.BOOK VALUE = .00856.
3)Revenue $ 1,334,355 FOR THE Q1.AROUND THE SAME FROM A YEAR AGO Q1.
4)Net Operating Income $ 22,549 GOOD THING THEY MADE A PROFIT.THE REASON LAST YEAR.S Q1 PROFIT WAS BIG IS BECAUSE THEY PAID ZERO TAXES.LOOK BELOW
5)Federal & State Taxes FOR Q1 $ 165,483 VS $ 0 A YEAR AGO.
6)Cash & cash equivalents at the end of the period $ 1,246,259 FROM $ 2,017,122 BECAUSE THEY PAID CASH FOR LOOK BELOW.
7)12900 Uncategorized Asset: Acquisition Deposit $ (650,000)
dc key
2 months ago
RJDG CFO John Rabbitt, Mr. Rabbitt has served in CEO/COO and CFO positions for firms ranging from
$5,000,000 to $300,000,000 annual revenue. He also served as a member of PepsiCoβs Mid-West Advisory
Board, and as a Director and Secretary/Treasurer of their largest canning division. His career started in
auditing with the CPA firm Ernst and Ernst.