Post by
ggrellette on Feb 20, 2023 1:49pm
Richter LLP
Independent Auditor's Report
To the Shareholders of Relevium Technologies Inc.
Opinion
We have audited the consolidated financial statements of Relevium Technologies Inc. and its subsidiaries (the Company), which comprise the consolidated statement of financial position as at June 30, 2021, and the consolidated statement of operations and comprehensive loss, consolidated statement of changes in shareholders’ deficiency, and consolidated statement of cash flows for the year ended, and notes to the consolidated financial statements, including a summary of significant accounting policies. In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Company as at June 30, 2021, and its consolidated financial performance and its consolidated cash flows for the years then ended in accordance with International Financial Reporting Standards (“IFRS”). Basis for Opinion We conducted our audit in accordance with Canadian generally accepted auditing standards. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the consolidated financial statements in Canada, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Material Uncertainty Related to Going Concern Without modifying our opinion, we draw attention to note 2 to the financial statements which explains that the Company has an accumulated deficit of $23,819,669 and a working capital deficiency of $5,435,700 as at June 30, 2021. This raises doubt about the Company’s ability to continue as a going concern. The consolidated financial statements have been prepared assuming that the Company will continue as a going concern and do not include any adjustments that might result from the outcome of this uncertainty. Other matter The financial statements for the year ended June 30, 2020, were audited by another auditor who expressed an unmodified opinion on those statements on January 19, 2021. Information Other than the Financial Statements and Auditor’s Report Thereon Management is responsible for the other information. The other information comprises the information, other than the financial statements and our auditor’s report thereon, in Management’s Discussion and Analysis of Financial Condition and Operations. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.
Comment by
Timoilers on Feb 20, 2023 6:47pm
Of course we know that! Who cares! Make a double or triple and move on. Lose it and try again.
Comment by
Timoilers on Feb 20, 2023 7:29pm
You are really an inexperienced investor in this market. The T S V X is all risk and all reward.
Comment by
ggrellette on Feb 21, 2023 2:17pm
To make money(double or triple) you need the stock to trade and right now it is not and has not for sometime now. So all you have NOW is just optimism and hope. When looking at those financials I do not see a double and forget about a triple. There will be so much selling it will take a 6 -12 months to straighten out this company but NOT under the present mgt. team.