Post by
Jaytee123 on Jun 24, 2023 3:12pm
Proof of funds also confirmed
So what's the holdup? As I said, the TSX knows, Steve knows, and they, HBDIG and REVO (as well as financial regulators) are working towards a positive conclusion that ensures a long term viable company with its licenses and partnerships in tact in case of a change of control.
Comment by
Jaytee123 on Jun 24, 2023 3:13pm
Obtain Proof of Funds – The Company has received an updated proof of funds from the suitors dated 21st February 2023. This latest proof of funds demonstrates the ability of the suitor to meet the substantial entire investment obligation financially.
Comment by
Jaytee123 on Jun 24, 2023 3:15pm
Btw, entire? Meaning warrants too? that's about 30 million dollars. I know Erik doesn't have that, but HBDIG does. You all know why... except a few in denial of the true suitor of RevoluGroup, because it's been in news since 2020. Once a change of control is done, they essentially own REVO's voting power.
Comment by
MrForthright on Jun 24, 2023 4:06pm
There are no suitors. And if Erik will cede control on closing, that's a lot of compliance work for the TSXV.
Comment by
Shutch1958 on Jun 24, 2023 4:31pm
Why would he cede control?
Comment by
Jaytee123 on Jun 24, 2023 7:19pm
I would vote no to any change of control at this point because once we are processing a DCE's finances we will be worth a lot more than .29 or .40 HBDIG knows this too.
Comment by
Shutch1958 on Jun 24, 2023 7:35pm
If they don't get a change if control they might not let revo process a dime and we'll be worth less than 0.29. At which point I see Steve doing a million dollar PP at 0.10 and back to square 1 for everyone holding
Comment by
PennyCrunch on Jun 25, 2023 12:48pm
JT no one is throwing money at this company ... there's no proof of funds ... this company you speak of doesn't have any funds ... it doesn't even have a website ...