RevoluGROUP Canada Inc V.REVO

BCSC cease trade due to failure to file financials

[goldpirate99]

Looks like the BCSC cease trade order filed yesterday says the order is being filed due to failure to file the financials.  So it will probably be a while before it can be lifted. Will have to close the financing first so they can pay someone to prepare the financials.  Not sure who would be willing to finance except maybe Steve?

[Jaytee123]

No, it's because they don't have enough directors. the MCTO (separate) is because of the financials.  They need to, and did, provide a biweekly update in the last news release .  This is all they need to do until financials are done to satisfy that requirement 

[TheREVOlution]

There are more serious issues involved goldpirate99 and other than all Revo main management immediately quitting once again, the most serious issue is that they lied publicly to shareholders about receiving a $500,000 U.S. loan which the regulators look at as being no reasonable expectation of Revo being able to complete their already late annual audited financials or the next quarterly report due

[MrForthright]

You are 100% right. REVO now has a full cease trade order from the BC securities commission and is halted by the exchange for failure to meet listing requirements. The odd this trades again are EXTREMELY low. 

[Jaytee123]

Extremely high.  One director is easy to find 

[MrForthright]

Why are you writing falsehoods? Is it that you do not understand how rules laws and regulations work or you do and you don't care?