RE:RE:REVO's Parallel Universe or Altered Reality? You asked “Goodwill, you are an admitted shareholder here so what path would you take?”
It’s truly baffling to witness continued support for a management team that has effectively steered REVO into liquidation. There is only one realistic path forward, and that’s the company’s dissolution. Yet, there are still some who appear to be holding on to the notion that this sinking ship can somehow be salvaged.
Let’s be clear: there seems to be no feasible way to issue equity to cover the company’s mounting debt. The company likely owes around CAD 1 million across various creditors. What remains is a skeleton crew, whose sole function now will be to oversee the liquidation process. Naturally, they’ll set themselves up with handsome monthly compensation for this “task” and proceed to sell off the remaining assets as slowly as possible, ensuring a protracted period of payments to themselves. It’s an all-too-familiar strategy when it comes to drawn-out liquidations—stretch the process, stretch the payday.
And yet, remarkably, throughout this entire charade, there will be die-hard supporters—REVO’s so-called “perma-bulls”—who will somehow paint these liquidators as heroes. It’s a phenomenon that never ceases to amaze me. Despite the glaring evidence of mismanagement and the clear signs of financial collapse, some still herald anyone who walks through the door, even if they’re just here to turn out the lights, as a saviour.
How long can one live in an altered reality before confronting the facts? Surely, at this point, it’s time to let go of the illusions.