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Bullboard - Stock Discussion Forum RevoluGROUP Canada Inc V.REVO

Alternate Symbol(s):  MPSFF

RevoluGROUP Canada Inc. is a Canada-based multi-asset, multidivisional payment services directive 2 (PSD2) central bank licensed company. The Company is deploying advanced technologies in banking, mobile apps, money remittance, cross-border forex payments, mobile phone top-ups, e-gaming, healthcare payments, e-sports, invoice factoring, online travel, vacation resort, blockchain systems, and... see more

TSXV:REVO - Post Discussion

RevoluGROUP Canada Inc > All investors who lost 50% since company announcment
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Post by Lingcod on Apr 26, 2023 3:13pm

All investors who lost 50% since company announcment

Company clearly stated they broke of negotiations yesturday and the deal was not going through.
Today, the company sais deal going through.
Ceo said he was not working on deal anymore, todays news release has his signature on it.

Contact your legal and regulatory bodies for an investigation and class action.
He caused massive losses based on the companys statement, yet today, like a miracle,
the deal went through.
Comment by Excious01 on Apr 26, 2023 3:22pm
To understand what happened is. The original suiter and Revo couldn't reach a deal for buyout. Likely because the buyer wouldn't pay anywhere near what Revo wanted.So that deal fell through,no buy out. After Revo was forced to find a lender to do a private placement so the company would not go under. The lender was found and has agreed to lend them 12.47 million at .29C a share. And with ...more  
Comment by Lingcod on Apr 26, 2023 3:27pm
That does not explain what steve marshall said. That he would be working only on regulatory issues, and not the deal. Next day, guess what ?: Steve Marshall signed a deal. If that does not deserve an investigation or class action, causing 50% losses, I dont know what does. 
Comment by Jaytee123 on Apr 26, 2023 4:10pm
The regulatory issue was exactly what I said it was. the NDA issue is resolved, there are NO more regulatory issues to deal with.   It obviously came to an amicable conclusion today. 
Comment by Lingcod on Apr 26, 2023 4:24pm
The news release put out by Revo stated the deal was not going through and was postponed for a month. Period. Also stated that Ceo was not working on the deal. Its quite obvious this was a false statement, as todays news release had the ceo's signature on it.  They put out a news release causing massive losses, then put out a news release today that goes against what they said in the ...more  
Comment by ScarletSpider on Apr 26, 2023 3:26pm
Dude I took a 50 percent hit I sold but happy for others. Those who sold made a choice just as those who were getting killed may have held. Whether I like how things were done or not there were many who were suffering let them make back their money and hopefully profit. These things happen. What would you have Steve do? He had to do a raise we knew that and here it is.  We both sold just ...more