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Bullboard - Stock Discussion Forum RevoluGROUP Canada Inc V.REVO

Alternate Symbol(s): MPSFF

Financial Services

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

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TSXV:REVO - Post Discussion

RevoluGROUP Canada Inc > Revo cash on hand

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Post by Jaytee123 on Jun 13, 2023 11:59am

Revo cash on hand

Gremlin lying on the other site as usual
779k cash on hand as of Feb 28 + 300k .40 warrants injection cash by steve( March 31) + 60k (recently)
minus one quarter and one month (March to end of June) of losses (approx 600k)

= $500k+ cash left as we speak.

don't let them mislead otherwise

69

Comment by TheREVOlution on Jun 13, 2023 12:10pm

His calculations look correct and I guess conveniently you are forgetting the ($605,000) that is retricted cash that is customers deposits that Revo cannot spend; or are they dishonestly dipping into it ?

22

Comment by Jaytee123 on Jun 13, 2023 12:23pm

Cash on hand and restricted cash is completely separate and not related whatsoever amazing how desperate you are!!!

8

Comment by TheREVOlution on Jun 13, 2023 12:27pm

You'll become a better investor when you learn how to read financials lol

10

Comment by MrForthright on Jun 13, 2023 12:36pm

Financials? That's old school, who needs those, especially when we have JT to tell us what to focus on.

11

Comment by Shutch1958 on Jun 13, 2023 12:55pm

End of February revo had a total of $1,691,850 of current assets. $779,067 was cash. $604,569 was restricted cash and $308,214 was receivables. Why does friend Gremlin and Revolution choose to subtract "restricted cash" from "cash" in his calculations?

19

Comment by Jaytee123 on Jun 13, 2023 1:00pm

It's unbelievable how much They try to mislead don't worry, StockKnight was given correct info to share on that site. At least he's honest Revo has about 500k cash on hand as we speak, give or take.

19

Comment by PennyCrunch on Jun 13, 2023 12:11pm

Now that all the insiders have sold where will the cash come from next quarter to cover the losses ? Are we looking at dilution of a stock?? what's your guess ? 3:1 reverse split? Maybe 5:1 reverse split?

12

Comment by Jaytee123 on Jun 13, 2023 12:24pm

The cash will come from the equity investment

10

Comment by MrForthright on Jun 13, 2023 12:30pm

With the price at 9.5 cents, that means Erik The Covid Patient will take an immediate $8.5 million loss. Yeah right

7

Comment by PennyCrunch on Jun 13, 2023 12:49pm

The equity investment from who? Who's investing in this little company?

10

Comment by Jaytee123 on Jun 13, 2023 12:49pm

HBDIG technologies

10

Comment by MrForthright on Jun 13, 2023 12:54pm

That is a company wholly owned by Erik The Covid Patient. He is also the only officer and director according to official Austrian public government records.

11

Comment by PennyCrunch on Jun 13, 2023 1:03pm

The company that doesn't even have a website? The company that's registered 2 years ago with no posted financials? The company that doesn't have any signage at it's supposed headquarters in Vienna Austria ?

15

Comment by PennyCrunch on Jun 13, 2023 1:06pm

Revos imminent future is dependant on a company in Austria with no financial history

15

Comment by Jaytee123 on Jun 13, 2023 1:10pm

A shell for Huobi just like HBDT ?

16

Comment by PennyCrunch on Jun 13, 2023 1:18pm

Your imagination is exceptional ...

10

Comment by Jaytee123 on Jun 13, 2023 1:28pm

Read the news. Dec 14, 2020 you should tell Huobi Revo uses their name in NR's and lie then, right? Who's processing RevoluEX exchanges? not Revo, it's Huobi.

8

Comment by MrForthright on Jun 13, 2023 1:31pm

Its HQ is actually in a shopping mall in Vienna. Huge confidence builder

9

RevoluGROUP Canada Inc

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