Reeltime Rentals Stock Price, News & Analysis

Reeltime Media (OTC PINK: RLTR) announced plans to significantly reduce share dilution from convertible notes. CEO Barry Henthorn will modify all personally controlled notes to higher conversion rates, potentially lessening dilution by over 1.5 billion shares. As the company complies with stringent reporting standards, the debt reduction initiative aims to clean up the share structure, facilitating a move to the NASDAQ. The restructuring has majority support from note holders, with commitments to pay off remaining debts and establish stricter conversion guidelines.

Reeltime Media (OTC PINK:RLTR) announced a significant revenue increase, reporting a YTD revenue of $1,743,253 for the first half of 2021, a 707% rise from $246,507 in the same period last year. Q2 revenue also showed a robust growth, tripling to $427,509 compared to $124,347 in Q2 2020, marking a 343% increase. This surge is attributed to the easing of hospitality and travel restrictions, leading to a resurgence in advertising spending. The company expects continued growth as these trends persist.

Reeltime Media (OTC PINK:RLTR) announced a significant revenue increase, reporting YTD revenues of $1,743,253, a staggering 707% rise from $246,507 in the same period last year. Q2 revenues also surged to $427,509, reflecting a 343% increase compared to Q2 2020. This growth is attributed to the easing of hospitality and travel restrictions, prompting a return of advertisers. The company continues to benefit from a technology licensing agreement with Barista's Munchie Magic. Management anticipates ongoing revenue growth as market conditions improve.

Baristas Coffee Company has appointed international supermodel and actress Front Montgomery as the spokesperson for its virtual Thai restaurant, Thai Dah. Montgomery, a recognized figure in the Thai-American community, aims to leverage her experience and connections to boost the restaurant's growth. Thai Dah focuses on delivering popular Thai dishes through delivery partners while employing a unique integrated tablet system for restaurant partners. The company has also expanded its technology agreement with ReelTime Media to enhance operational capabilities.

ReelTime Media has signed a global perpetual license agreement with Baristas for the 'Thai Dah' concept, enabling exclusive use of ReelTime's technology for virtual restaurants. Starting August 11, 2021, ReelTime will earn $0.35 per transaction indefinitely. Baristas has successfully launched over 50 'Munchie Magic' locations, leveraging delivery services like DoorDash. ReelTime is also advancing towards a NASDAQ listing, having met all necessary criteria and securing a new ticker symbol, NASDAQ:RT. The partnership is expected to bolster growth for both companies.

Baristas Coffee Company has announced the launch of a new virtual restaurant named Thai Dah, specializing in Thai cuisine. This initiative will utilize existing restaurant partners to deliver popular Thai dishes through platforms like Uber Eats and Grubhub. The company expanded its technology agreement with ReelTime Media, enabling Thai Dah to leverage advanced technology for operational efficiency. With a robust market of over 5,000 Thai restaurants in the U.S. generating $6 billion annually, Baristas aims for significant growth in the virtual dining sector.

ReelTime VR (OTC PINK:RLTR) announced that the USPTO has notified the company that its continuation patent application for the Simultaneous Spherical Panorama Image and Video Capturing System (U.S. Patent Number 10,761,303) is ready for examination. This continuation patent aims to broaden the scope of existing claims and strengthen enforceability against infringements. CEO Barry Henthorn emphasized the importance of this step for protecting their technology, stating it supports their licensing and enforcement rights. The parent patent extends until March 23, 2038.

Reeltime Rentals (OTC:RLTR) has been upgraded to the PINK 'Current Information' segment by OTC Markets, the highest rating in the PINK tier, ensuring compliance with the new SEC Rule 15c2-11, effective September 28, 2021. This designation signifies Reeltime's commitment to transparency and enhanced disclosure, meeting the requirements for financial reporting and attorney verification. The company's advancement positions it favorably as it seeks to transition to the NASDAQ Capital Market, with an application logged for the ticker symbol RT. This upgrade reflects the company's growth and commitment to investor relations.

Baristas Coffee Company (OTC PINK:BCCI) has been upgraded to 'Current Information' status by OTC Markets, enhancing its compliance with the amended SEC Rule 15c2-11 effective September 28, 2021. This upgrade ensures continuous disclosure of information, which is crucial for investor transparency. The company's sales of White Coffee single-serve pods have surpassed 2020 sales on Amazon, while its Munchie Magic virtual restaurant has reported record sales following the introduction of alcohol delivery. Investors are advised to conduct thorough research before investing.