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Bullboard - Stock Discussion Forum Relevium Technologies Inc V.RLV.H

Alternate Symbol(s):  RLLVF

Relevium Technologies Inc. is a Canada-based company, which operates in the health and wellness industry with a primary focus on online distribution. The principal business of the Company is the identification, evaluation, acquisition and operations of brands and businesses in the health and wellness markets with a focus on e-commerce. The Company operates through two wholly owned subsidiaries,... see more

TSXV:RLV.H - Post Discussion

Relevium Technologies Inc > RLV is such a horrible stock that
View:
Post by AlwaysSkeptical on Dec 10, 2020 11:09am

RLV is such a horrible stock that

The pumpers have started using other companies' stock movement as reason to support this one!

Talk about getting desperate!

Maybe MaterialWorld, Swint, P-Money and the others should beg their Daddy Aurelio to actually state something and file financials.....it's embarrassing to watch them hang in the wind trying to justify why holding a 2 cent stock that has defaulted three times and has not scored a single material deal in months makes sense.

Maybe investors should listen to them, sell RLV and go buy H Source stock?  (BTW, that company also loses money and has no revenue).
Comment by EdLeafs on Dec 10, 2020 1:04pm
So you believe it's better for management to cook the books and report a profit to get the SP up to .10c and let everyone sell out?  
Comment by AlwaysSkeptical on Dec 10, 2020 1:30pm
Ed,  I'd prefer Aurelio and RLV to act like a public company: publish your audited fins on time, show us how the business is truly performing, and stop the PT Barnum-style PRs that NEVER happen. Either way, his hand will be forced by December 27th: 60 days after the Default and Management Cease Trade Order by the regulators, they'll place RLV under a complete Cease Trade Order ...more  
Comment by AlwaysSkeptical on Dec 10, 2020 1:40pm
Oh, and Ed: I think RLV is overvalued at 2 cents...nothing but a cash-burning shell, with declinjng revenues and no path to breakeven. It will go bankrupt, as it has burned through ~$2 million in cash, and has lowered its stock through dilution to the point it cannot issue enough stock and warrants to raise any more cash. Aurelio has given up his queen through dilution, and has checkmated ...more  
Comment by whateveryousay on Dec 10, 2020 2:21pm
sounds good to me who knows what they are up to I ran my own company for 32 years and never had trouble with the books.I was audited twice and it took revenue Canada at least 10 times longer to review my accounts as it did for me to do my own year end.I can not believe that RLV is still being reviewed by the accountants the $350/hr fee may bankrupt them.
Comment by AlwaysSkeptical on Dec 10, 2020 3:41pm
Glad somebody with actual knowledge showed up Whatever!  Having run both private and public companies, the audit is as painless/painful as you make it: - The more professionally your financials are managed, the better; - The less "acrobatic" your accounting processes are, the faster you get through it. My guess is that the financials are in shambles, there is lack of knowledge ...more  
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