Post by
Lingcod on Jul 23, 2023 4:27pm
Salaries and stock
I guess the salaries are just not enough for them. They must issue shares because
now, they cant afford their employees or directors. If thats not a red flag, I dont know
what is.
Another red flag is changing auditors, but I am sure some on this board will dismiss this
and try to shower this stock as sunshine again !
Comment by
Lingcod on Jul 23, 2023 4:33pm
Just shows me REVO is not making any money, not enough to even fund their employees or directors, so lets just dilute the shareholders instead. Easy peasy solution for bad mgmt.
Comment by
Jaytee123 on Jul 23, 2023 7:38pm
You realize even largely successful companies lose money right? You also realize most venture companies make zero revenue. Revo hardly loses anything because their expenses are minimal. Why would they hire 100 staff? That isn't the business model.
Comment by
xMansie on Jul 23, 2023 10:47pm
I would like to correct some misinformation that was recently posted: "Revo hardly loses anything because their expenses are minimal." Comprehensive Loss 2016 4,056,606 2017 1,152,984 2018 3,114,229 2019 4,221,082 2020 2,872,612 2021 2,503,031 2022 2,669,995 Total Comprehensive Loss $20,590,539
Comment by
xMansie on Jul 23, 2023 10:51pm
Not mine. From Bash777 on CEO.
Comment by
Jaytee123 on Jul 23, 2023 10:59pm
Now check netcents, banxa, or Revolut as I said, those are minimal losses Revo has. And if Revo didn't have revenue it would be millions more. all completely normal in the building stages of a companyn
Comment by
Jaytee123 on Jul 23, 2023 7:40pm
Revo changing auditors is a moot point. Zero relevance to anything, it happens all the time. Auditors don't do anything except verify one financials a year, the ones due September 27 here. Jason Tong does everything up to that point