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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

Comment by MrForthrighton May 16, 2023 7:00pm
36 Views
Post# 35451352

RE:Steve Runs a Tight Ship

RE:Steve Runs a Tight ShipSteve had a somewhat different view of the regulatory process than you, as per the company's April 24 news release which included the following:

"Mr. Marshall's untenable workload commencing March 17, 2023, Mr. Marshall has struggled to combine a typical intense workload with augmented requirements emanating from Canadian capital markets regulators. The intensity of these requests has reached a climax triggering unsustainably amplified professional duties due to petitions, clarifications, phone calls, legal counsel deliberations and response deadlines. The well-being of the company's staff always remains a No. 1 priority. Conclusively, surmounting and continued Canadian capital markets regulatory requests have regrettably impacted Mr. Marshall's ability to devote sufficient time and concentration to concluding the current intricate equity investment for the company's shareholders.
 
As such, upon diligently studying the protracted nature and potential intensity of the underlying Canadian regulatory requests, Revolugroup executive management voted unanimously on April 21 to authorize Mr. Marshall to take time out from the present negotiations to focus exclusively on the recent, imperative and recurrent Canadian capital markets regulatory requisitions."
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