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Bullboard - Stock Discussion Forum Relevium Technologies Inc V.RLV.H

Alternate Symbol(s):  RLLVF

Relevium Technologies Inc. is a Canada-based company, which operates in the health and wellness industry with a primary focus on online distribution. The principal business of the Company is the identification, evaluation, acquisition and operations of brands and businesses in the health and wellness markets with a focus on e-commerce. The Company operates through two wholly owned subsidiaries,... see more

TSXV:RLV.H - Post Discussion

Relevium Technologies Inc > 4 million on the ask @ 2.5 cents, and some basic math
View:
Post by AlwaysSkeptical on Jul 13, 2021 1:43pm

4 million on the ask @ 2.5 cents, and some basic math

For all those wondering if this stock has upside, you can see how this will play out:

Average Daily Volume: ~250,000 shares ($6,250)

Current Ask: 4 million shares @ 2.5 cents

Behind this Ask, another 115 million shares at 2.5 cents: these were given by RLV because they were unable to pay their debt, even after $400,000 in interest and penalties...

Thus, it would take 480 TRADING DAYS (almost two full years) to just get through the 2-cent shares that Aurelio just diluted shareholders with....they'll put these up every time they can get a 25% return on their 2-cent shares until they're done.

BUT WAIT, there's more!

After that, there are 65 million shares and equivalent warrants waiting to be exercised at 3-5 cents...another year's worth of trading volume.
 

So - even if we believed that RLV can come up with $1 million in the next 45 days to pay off the remaining debt and offset the $500,000 quarterly burn...there is NO WAY this is going beyond 2.5 cents.

In short, the trading range:

Current: 2 cents
Max upside: 2.5 cents (good luck selling)
Max downside: 0 cents

Much more downside than upside.

Comment by North85 on Jul 13, 2021 3:07pm
CEO jackass of all trades
Comment by HSGmbH on Jul 13, 2021 3:35pm
Aurelio give a f*ck of all retail sh.
Comment by HSGmbH on Jul 13, 2021 3:40pm
And if you imagine that all comming bs news are just for unload this shares. I will not buy one share of this fraud company
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