Post by
TheREVOlution on May 24, 2024 12:09am
Just look at Revo's financial results and quit dreaming
Let's look a things in a business survival way as "service revenue" is basically a meaningless number used only for promotion purposes and does not pay the Company bills to sustain their survival. Based on Revo's latest fiscal 2024, 9 month financials they are only averaging $26,692 Canadian dollars per month to pay all of their Company bills ( gross profit they call it). They are losing $151,847 on avg. every month (and yes, this does not include the exorbitant amount for share based compensation they've been freely handing out like candy). So Revo is currently running a monthly deficit of $125,155 ; This is an unsustainable business on paper and seems mismanaged for a supposed financial institute.
Comment by
ewandf on May 24, 2024 12:49am
now that's exclusive company: 4 cents, now a mini-tick off a six-year low.
Comment by
TheREVOlution on May 24, 2024 1:10am
Based on Revo's last financial numbers and adding on those few .05 cent options exercised, my estimated guess is that Revo is in the hole by a minimum of $75,000 right now. No doubt they are in need of getting that newly announced 20 million share .05 cent private placement done as soon as possible. * Remember as of Feb 29, 2024 Revo stated they only had $277,553 of cash left in the coffers.
Comment by
TheREVOlution on May 24, 2024 1:21am
To apply for the program, visit the Visa Direct Preferred Partner Program page1. Keep in mind that while there are service fees associated with the program
Comment by
TheREVOlution on May 24, 2024 4:32pm
A whole total of 22 shares traded today in Revo; I guess the ridiculous Visa pumping last night didn't excite Investors that don't know the REAL story.