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Bullboard - Stock Discussion Forum 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... see more

TSXV:REVO - Post Discussion

RevoluGROUP Canada Inc > Erik can't inject any cash into Revo during an MCTO
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Post by TheREVOlution on Oct 07, 2024 3:56pm

Erik can't inject any cash into Revo during an MCTO

During a management cease trade order it is illegal for involved parties to indirectly or directly  buy or sell any shares in  Revo .    So I estimate another 60 days of nothing and Revo continuing in survival mode;  maybe another loan just to keep the lights on at best.   Cross your fingers and pray
Comment by TheREVOlution on Oct 07, 2024 4:27pm
Revo's CEO Erik Reveros is also the Ceo of this unknown Meridien Holdings which would be considered an indirect purchase of Revo shares guaranteed and illegal presently under the MCTO.  So you are incorrect and questions would be forwarded to the BCSC/ regulators if it ever occurred; so Revo is in a tough situation currently...bank it !
Comment by TheREVOlution on Oct 07, 2024 4:35pm
Straight from Revo's very own News release on October 3rd, 2024 : " will not be able to trade in Revolugroup's shares, nor will Revolugroup be able to, directly or indirectly, issue securities to or acquire securities from an insider or employee until such time as the annual filings and all continuous disclosure requirements have been filed by Revolugroup, and the MCTO has been ...more  
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