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Relevium Technologies Inc V.RLV.H

Alternate Symbol(s):  RLLVF

Consumer Defensive Household & Personal Products
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, BGX E-Health LLC and Biocannabix Health Corporation Inc. BGX E-Health LLC markets dietary supplements, nutraceuticals, sports nutrition, and cosmeceuticals, primarily through its Bioganix brand portfolio online in the United States. It provides a Push & Pull System by Bioganix. Push & Pull System is a comprehensive natural anti-aging system for complete skin care that combines collagen protein supplements (PUSH) and naturally sourced aloe vera skin anti-aging cream (PULL).


TSXV:RLV.H - Post by User

Relevium Technologies Inc > The Race to Zero: RLV v H-Source
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Comment by AlwaysSkepticalon Dec 11, 2020 3:48pm
52 Views
Post# 32090501

RE:RE:RE:RE:The Race to Zero: RLV v H-Source

RE:RE:RE:RE:The Race to Zero: RLV v H-SourceEd: The auditors have been on this mandate for months, and the financials for Q4, FY and Q1 are ALL in default, the former by 7 weeks.

RSM is billing hours (@$200-300/hour) throughout this process...so either way, it's not good for RLV:

1. Their numbers are in such disarray that RSM won't sign off...bad news and TRADING HALT ahead

2. RSM is working to clean up the books, and sees a path ahead (your hypothesis)...so they're just taking tens (hundreds?) of thousands of dollars in fees weekly to get there by December 24th, incurring overtime and late hours.

So, either way the books are so horrible that RLV will be two months in default come Monday.

NOT A GOOD SIGN.

Then, the question is: how many thousands of dollars they don't have did RLV shell out for the service, AND, is RSM ever going to be comfortable signing off on Financials prior to a complete halt of trading 8 trading days from now?


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