RevoluGROUP Canada Inc V.REVO

Proper DD Besides which and hoping LOL...

[Vision360]

 

@Bash777 Further DD shows that a term sheet is much less than a LOI and is usually not even signed by either party. Investors are advised to take any claims that this deal is more advanced than what is stated in the news release with a grain of salt. If this deal was as advanced as some claim, they could have signed an LOI (which would be a signed, legal document) and it would need to be disclosed. Given the marketing campaign directed towards shareholders that started the same day along with the past history of this company and its CEO, it would be prudent for investors to be cautious. "Both a term sheet and a letter of intent will include preliminary terms for the proposed transaction with the understanding that the buyer will conduct due diligence of the seller and that later documents signed at closing will include the final, binding terms of the actual agreement. The main difference between the two is that a term sheet is simply a document that lays out the terms that both parties wish to include, and usually neither party will sign the document. The letter of intent, on the other hand, includes those terms but is signed by both parties involved. Because the letter of intent is a signed, legal document, the buyer may need to disclose its existence it if it is a publicly traded company. Further, although the terms of both the term sheet and the letter of intent as the relate to a final transaction are generally understood to be non-binding, numerous lawsuits have been brought on the basis of letters of intent to enforce their terms based on the argument that assertions were made which created a binding contract. Because of this, some buyers may wish to avoid this risk through use of a term sheet." https://www.jimersonfirm.com/blog/2017/08/term-sheet-letter-intent/
@Bash777 Further DD shows that a term sheet is much less than a LOI and is usually not even signed by either party. Investors are advised to take any claims that this deal is more advanced than what is stated in the news release with a grain of salt. If this deal was as advanced as some claim, they could have signed an LOI (which would be a signed, legal document) and it would need to be disclosed. Given the marketing campaign directed towards shareholders that started the same day along with the past history of this company and its CEO, it would be prudent for investors to be cautious. "Both a term sheet and a letter of intent will include preliminary terms for the proposed transaction with the understanding that the buyer will conduct due diligence of the seller and that later documents signed at closing will include the final, binding terms of the actual agreement. The main difference between the two is that a term sheet is simply a document that lays out the terms that both parties wish to include, and usually neither party will sign the document. The letter of intent, on the other hand, includes those terms but is signed by both parties involved. Because the letter of intent is a signed, legal document, the buyer may need to disclose its existence it if it is a publicly traded company. Further, although the terms of both the term sheet and the letter of intent as the relate to a final transaction are generally understood to be non-binding, numerous lawsuits have been brought on the basis of letters of intent to enforce their terms based on the argument that assertions were made which created a binding contract. Because of this, some buyers may wish to avoid this risk through use of a term sheet." https://www.jimersonfirm.com/blog/2017/08/term-sheet-letter-intent/

[TheREVOlution]

 Finally some real world facts by this Bash777 poster, but the main posters heavily pumping "pie in the sky " scenarios here will have none of it. It's too bad that a few, new Investors may have been misled into believing the baloney being stated from this newly created promotion. End of month financials should give a clear reason for the sudden deflection from Steve's