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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. It operates through various segments, namely Travelucion S.L., RevoluPAY S.L., RevoluVIP International Inc., RP Payments S.L., RevoluCHARGE, RevoluEX, RevoluEGAME, RevoluSEND, RevolUTILITY, RevoluPOS, RevoluREALTY, RevoluVIP, RevoluGROUP USA Inc, and RevoluFIN Inc. (Panama). 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. RevoluEGAME offers video games and credits.


TSXV:REVO - Post by User

Comment by TheREVOlutionon May 18, 2023 3:27pm
33 Views
Post# 35455139

RE:The complaints about this little venture outfit continue

RE:The complaints about this little venture outfit continue

Guess things are getting even worse since Revo's April 24th News release :

Mr. Marshall's Untenable Workload

Commencing March 17th, 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 #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 21st 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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