RevoluGROUP Canada Inc V.REVO

REVO's Parallel Universe or Altered Reality?

[G00DWill]

It seems as though some individuals are trapped between two illusions—either they are completely disconnected from reality, living in what could be likened to a "parallel universe," or they are distorting their perception of actual events, experiencing an "altered reality." This is a recurring and unfortunate theme among those struggling to confront the truth, instead choosing to cling to denial or unfounded optimism.

 

But let us pause for a moment and consider the hard facts of the situation:

 

1. Both the CEO and President of REVO resigned in May 2024.

2. By August 2024, the entire remaining board of directors resigned on the same day.

3. In September 2024, the company failed to file its year-end financials, resulting in a Management Cease Trade Order (MCTO) being imposed.

4. By October 2024, three out of the five newly appointed board members also resigned, leading to a complete cease trade order.

5. REVO, as it stands, can no longer issue shares for debt since it is no longer a listed entity.

6. As early as July, management openly admitted that the company was in dire financial straits.

7. Current estimates suggest that the company owes approximately CAD 1 million in outstanding liabilities.

8. In order to resume trading, REVO would need to engage new management, despite seemingly having no financial resources.

9. In addition to addressing its CAD 1 million debt, the company would also need to demonstrate that it has six months’ worth of operating financing in place to meet the requirements of TSXV Policy 2.5, Section 2.3(c). This means at least another CAD 1 million is needed before the company could be re-listed.

 

This raises a series of unavoidable and rather pointed questions for those who remain bullish on REVO:

 

• How, exactly, does the company plan to raise capital without the ability to issue shares?

• Where will the company find CAD 1 million to cover existing debt, plus another CAD 1 million for six months' operating expenses, if it cannot issue equity?

• Do the optimists among you truly believe anyone would be willing to loan money to a company in this position, given the glaring red flags?

 

At some point, logic must prevail over hope. The realities of REVO’s situation are clear, and continuing to ignore them in favour of wishful thinking is, at best, unwise. It’s time to acknowledge the facts and stop living in a world of illusions.

[Jaytee123]

Goodwill, you are an admitted shareholder here so what path would you take?  

[G00DWill]

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

[Jaytee123]

Goodwill, if REVO is done perhaps it would be humane of you to give up this 6 month (since Erik came back around) torrent towards this company and no others.   let the sleeping dog lay, no?   people are upset enough after Steve left , and the fact that you and others are now relentlessly rubbing it in the thousands of shareholders faces and can't just move on.   What are

[Jaytee123]

Goodwill, you ignore my premise once again: you said you're a shareholder here as this is the only board you comment on and you've put a lot of effort into it for 6 months in a row now, and was absent for the 8 years previous.   I'll ask again; what are shareholders to do?  Erik couldn't come through.  Steve quit (wink).   I'm not sure the purpose of

[G00DWill]

It’s rather too late to engage in a game of "who’s who." At this stage, it no longer matters who you are, who I am, or who anyone else claims to be in this unfolding debacle. The only thing that demands our attention is the cold, irrefutable reality: the company has been mismanaged to the point of no return. Liquidation is not a possibility; it is an inevitability.   To refuse

[Jaytee123]

You're a shareholder here goodwill, I'm not sure why you think it's prudent to throw in the towel and suggest you've lost all your money here forever.   this isn't the first time and isn't the last time a company has been cease traded.   It's inhumane to celebrate others losses.  You've spent 6 months here ever since Steve's PP was rejected. &

[Jaytee123]

Goodwill, Steve (wink) lined his pockets for 8 years and you didn't show up until his PP was rejected.  Almost on the exact day.   why?   where were you those other years?  Now you've been here 6 months commenting everyday with great enormously long posts.  

[CUVVent]

 Actually it does matter who you are...just adds on to the evidence of the attempted market manipulation to go with the pump and dumping last few years. Current shareholders may not see a penny from this dumpster fire of a company but can at least help ensure Steve Marshall does not run another company in his life with his legacy of failures and scams plastered all over the internet.