RE:Someone ask BanffyJaytee123 wrote: To name 5 companies on sandbox who needed to do raises to qualify
I'll help... a crypto mining company was the first ever graduate, did they need to do a 50 million raise?
like he said, do your own DD. There is no PP's here, there are no requirements of a PP,
and rollback (although not even a bad thing) isn't gonna happen.
and when he can't even name 2 companies, let alone 5, you'll realize his obsession is just a lame attempt at some notoriety on these boards.
ps - 100% on 2.2 mil shares = more than you'll make in a lifetime small fry.
Haha sorry I did exaggerate. I should of said "currently 33% of all sandbox listed companies required a very large raise, every other company had a ton of cash on hand (hence not being asked)" It's even right on the website, make sure if you are trying to hide the raise you don't have someone look into the official requirements:
In lieu of satisfying the TSX’s standard listing requirements, the TSX may impose alternative listing conditions on Sandbox participants. These conditions may include a minimum public raise, a minimum market capitalization, enhanced sponsorship, enhanced escrow requirements and enhanced reporting requirements to the TSX and/or the public Here are the 2 examples you asked for:
RECENT TSX SANDBOX LISTINGS FAX Capital Corp. TSX: FXC , FXC.WT Waivers / Exemptions Granted: Sections 309(a)(ii) & (iii) of the TSX Company Manual (requirements for historical earnings and pre-tax cash flow). Sandbox Specific Listing Condition: Public offering resulting in minimum gross proceeds of $50 million. Exit Conditions: (1) Deployment of 50% of the proceeds raised pursuant to the public offering and the accompanying private placement to Fax Investments Inc.; and (2) Public filing of interim financial statements reflecting a full quarter of operating history subsequent to listing on TSX.
Now you admit the company has about 6 months of money before they are broke right? This program is a 12 month program. Are you able to even give me 1 example of a company who was accepted into sandbox that didn't even have enough money to complete the 12 month program?
When you mislead others like this, they get disappointed and sell when they take your word for something and you're wrong. You need to stop thinking you know what you're talking about. Every time I check in here you're doing anything you can to try and pump this stock even if it's made up "a huge whale is coming" (never shows up). Anyways, looks like any respectable Revo investor wants nothing to do with you. The people who actually believe in the company finally see how you just make things up to pump the stock and end up hurting it in the end. Check the Revo board at ceo, you're literally the running joke there most days. Must be sad dedicating 4 years of your life to this just to be hated by all your old buddies? Lol at least it looks like you're trying to warm people up to a "roll back".
Now please post a company that was accepted into sandbox that didn't have enough cash to even complete the year program? Didn't think so. 50M raise would put Revo around 500M shares right?