TSX V and Regulatory Approval Required Here – 4 months away On July 26, 2024, a REVO NR stated, "This transaction, when completed, will lead to a change of control of the company."
Under Canadian securities law, regulators refer to this as a "creeping takeover." Essentially, regulators are concerned with the outcome specifically, a change of control which necessitates a shareholder vote and approval from the outset.
Any notions that a Definitive Agreement (DA) will lead to immediate success or significant gains are nothing more than fanciful thinking. These ideas are often promoted by those eager to convert management options into retail shares, merely to keep REVO afloat.
Obtaining shareholder approval is both a lengthy and costly process, and REVO is running out of both time and money.