Relevium Technologies Inc V.RLV.H

If we believe that gloves won’t be shipped until April...

[AlwaysSkeptical]

Alright folks...since ABSOLUTELY NOTHING has happened since September (170 days ago!!), let's go back and talk about the $20 million deal announced September 17th.

What we know:

- Deal announced Sept 17th, expected to be fulfilled by end of October (would assume customer had Service Level Agreement)

- September 29th, Aurelio is publicly stating that he's in the US, loading 8 planes to send 75% of the order in the next 7-10 days;

Fast forward to today:

- We know that NOTHING shipped in September...nor in October, November or December.  It's clear in their financials.

- We know from the train wreck of a CC a month ago that - at BEST - $9 m of the $20 mil contract will be fulfilled in April.

So, best case: 8 months after the contract was announced, the customer is sitting with more than half of the contract unfulfilled.

Do you actually believe this customer was like "No worries Aurelio!  I know we're in a global pandemic and I obviously need this PPE stuff NOW or I wouldn't escrow you money...but hey, just send it in 2021 at some point.  No biggie!"

I would suggest what's happening is the customer has found alternatives for PPE, and is now exiting this failed agreement.

You will hear about this soon.  Nobody can afford to wait 8+ months to get their PPE...