Rjd Green Inc (OTCMKTS:RJDG)
Rjd Green Inc (OTCMKTS:RJDG) is a Tulsa, OK-based holding company that has three operational divisions: healthcare services, green environmental services, and construction/industrial products and services. YTD, RJDG shares are doing well – they have gained over 100%. This performance is reflected in their 52-week high/low quotes. The 52-week low is $0.0024 while the 52-week high is $0.029. So the firm appears to be regaining some of its luster that it had back in 2013 when RJDG was trading at more than five times of the current levels.
In May, the healthcare division of Rjd Green Inc (OTCMKTS:RJDG) announced a five-year licensing agreement with ISOFT Inc. – a patent-pending payments platform that specifically targets healthcare provider payments. The software enables healthcare payees, such as physicians and hospitals, the ability to process check payments on the same day. According to reports, mailing and billing expenses represent a significant administrative cost to industry players as 50% of the provider payments are still processed using paper checks and the U.S. postal service. ISOFT claims that the software could save 10% – 15% of annual expenses to a healthcare organization.
Earlier this month, Rjd Green Inc (OTCMKTS:RJDG) construction and industrial products and services division, known as Silex, announced the awarding of three commercial contracts totaling $234,000 in revenues. The contracts are for natural stone countertops and related products. Installation should expected be completed in 2018. The projects are in Missouri and Kansas which expands Silex’s reach as the first states outside of Oklahoma that they have operated. Silex is forecasting an increase in new home construction permits by as much as 20% and around 12% for commercial projects. Ron Brewer, CEO of RJD Green Inc. states, “The commercial contracts awarded Silex continues the progression in our commercial business segment, and reflects our efforts in geographic expansion. The growth analysis reports for Oklahoma allow Silex to cautiously continue our expansion efforts with further assurance of a stable market.”
Rjd Green Inc (OTCMKTS:RJDG) management discussed their Q2 2017 financial performance in a conference call a short time ago. Revenues were at $779,765 and that translated into a net operating profit of $72,772. Rjd Green Inc (OTCMKTS:RJDG) is now free of debt as Equitas Group LLC agreed to retire their $329,889 convertible note for almost 16.5 million common shares of RJDG. Management commented that, historically, the next six-month period is typically the largest revenue-producing period of their fiscal year.
I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.
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About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.