TSXV:RLV.H - Post by User
Post by
AlwaysSkepticalon Jan 20, 2021 8:45am
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Post# 32332071
Financials so HORRENDOUS they didn’t even issue a PR!
Financials so HORRENDOUS they didn’t even issue a PR!But what would it say? Here is a draft:
"Relevium is pleased to announce record losses of $7 million, issuing 100 million new shares to friends, 67 million warrants to ensure no regular shareholder ever makes a profit, AND inability to pay our debts.
Also, Relevium is excited that it has received ZERO reorders from The Paper Store since stocking their shelves in June, meaning that in six months, the initial inventory has not moved.
Additionally, Relevium is pleased to announce that ita partnership with H-Source has created ZERO new deals to announce in our Subsequent Disclosures filing.
In good news, RSM finally signed off on our financials from six months ago, which were due 86 days ago and oes to a Regulatory Default and Cease Trade Order against us. RSM achieved two objectives:
- Recorded a record amount billed to one customer - Relevium will likely not pay that bill for a while, since we have no cash;
- Issued the longest caveat stating countless times how difficult it would be to catch fraud."
SERIOUSLY: Have you read the preamble? RSM is basically saying "Guys, we've done what we can...this company seems fishy, invest at your own risk."