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RevoluGROUP Canada Inc V.REVO

RevoluGROUP Canada Inc. is a Canada-based multi-asset, multidivisional payment services directive 2 (PSD2) central bank licensed company. The Company is deploying advanced technologies in banking, mobile apps, money remittance, cross-border forex payments, mobile phone top-ups, e-gaming, healthcare payments, e-sports, invoice factoring, online travel, vacation resort, blockchain systems, and fintech app sectors. Its segments include Travelucion S.L., RevoluPAY S.L., RP Payments S.L. and RevoluSEND. Travelucion S.L. is a licensed tour operator facilitator of RevoluVIP travel to +130 countries. RevoluPAY S.L. is a European Union (EU) PSD2 Licensed Neobank, a remittance and payment app designed as a payment platform. Its RP Payments S.L. segment is engaged in management of revenue verticals, central bank approved crypto exchange and storage. Its RevoluSEND segment offers family remittances and money transfers up to 3000 Euros (or foreign currency equivalent) to 117 countries.


TSXV:REVO - Post by User

Bullboard Posts
Post by Jimpro63on Apr 05, 2020 12:04pm
100 Views
Post# 30880624

So just the quick 4 examples below aren't failures ??

So just the quick 4 examples below aren't failures ??

They only cost $100,446 of shareholder money and 1,968,750 shares in additional dilution and given back for free ?

Direct from Sedar Canada Oct 02, 2019 :

International Business and Travel Opportunities LLC (“IBTO”) The Company acquired a 19% interest in IBTO, a private Florida based travel agency. As consideration under the agreement, the Company issued 500,000 shares valued at $10,000 and paid $10,000. Subsequent to May 31, 2019, the Company sold the interest back to IBTO for $Nil, resulting in a loss on investments of $20,000. Third Circle Publishing LLC (“Third Circle”) The Company acquired a 5% interest in Third Circle, a private Florida limited liability company and Miami-based publisher. As consideration under the agreement, the Company issued 500,000 shares valued at $77,500 and paid $50,814. Subsequent to May 31, 2019, the Company sold the interest back to Third Circle for $Nil, resulting in a loss on investments of $128,314. THCG AND TECH LLC (“THCG”) The Company acquired a 10% interest in THCG, a private company incorporated in the State of Delaware. The Company issued 468,750 shares valued at $96,094 and paid $19,632. Subsequent to May 31, 2019, the Company sold the interest back to THCG for $Nil, resulting in a loss on investments of $115,726. Duales Inc. (“Duales”) The Company acquired a 10% interest in Duales, a private Ontario company that specializes in Caribbean remittances. The Company issued 500,000 shares valued at $102,500 and paid $20,000. Subsequent to May 31, 2019, the Company sold the interest back to Duales for $Nil, resulting in a loss on investments of $122,500

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