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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 Shutch1958on May 25, 2023 8:30pm
31 Views
Post# 35464956

RE:revo

RE:revoI'll say one more thing that was discussed today with another poster. This PP is for 18% of the float plus warrants that once exercised will create a control person (someone who owns 20%+ of the total float). For this to get approved it will require a shareholder vote of approval. This is described in the TSXV Private placement policy, so feel free to look it up. I'm not sure how a vote would go if, let's say, it was priced at 0.10-0.13 cents. I feel very certain though that because of where we're sitting right now, a change if control vote at 0.29 cents would pass with flying colors especially if you take into account the 2 year plan that's to follow.  That would be a good argument for the PP not to be repriced if the conditions stay the same. I hope I got that across clearly, it took me a a little bit to wrap my head around the terminology in the TSXV policy but I now think I understand. I welcome anyone else to weigh in with their thoughts 
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