TSXV:RLV.H - Post by User
Comment by
AlwaysSkepticalon Nov 02, 2020 1:55pm
76 Views
Post# 31823743
RE:What’s happening
RE:What’s happening At midnight today, we celebrate one week since RLV was forced to announce they defaulted on their fiduciary duty to file their financials in a timely basis.
The excuses they gave for why they were incapable of telling us on October 29th how a microscopic, money-losing company was doing in the year ended June 30th were:
1. COVID - Was this a surprise to them?
2. New auditors - Why did the last ones RESIGN? I heard from a CPA friend...Uh oh, resignation of audit firms are never a good sign.
The real reason? Their financials SUCK, the auditors can't make heads or tails of it, and now we are 7 days from a complete halt of RLV transactions (they MUST file within two weeks to not be in breach...and then within 30 days for the Board members and executives to avoid having to disclose this embarrassing black eye for the next TEN YEARS in every public company they were with/for).