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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 > The Race to Zero: RLV v H-Source
View:
Post by AlwaysSkeptical on Dec 11, 2020 11:49am

The Race to Zero: RLV v H-Source

Who goes bankrupt first?  And, for bonus points: whose stock goes from Management Cease Trade Order to FULL BARRING OF ALL TRADES?

H-Source is below 7 cents...thanks to the RLV pumper geniuses for that one!

And, RLV might see 2 cents again today.  Missed its biweekly filing (Oct 27, Nov 10th, Nov 24th was missed by a week, Dec 8th MISSED AGAIN...) this week, and only has 8.5 trading days left to publish Q4/FY/Q1 financials.

What a flaming dumpster fire of a company...and partnered with another (H-Source)....match made in heaven!
Comment by Sweetime on Dec 11, 2020 12:19pm
MW believes in synergy, but, Speaking in baseball terms: if the auditors miss all the strikes and don't hit, strikeout, come off as a bad player, not good eyes, they don't qualify to continue playing ... Auditor who doesn't see the undercover, is not a good auditor.  Good luck.
Comment by EdLeafs on Dec 11, 2020 2:03pm
If you ever owned a small business you would know that they are a mama papa shop with less than a handful of employees so obviously they will need a lot more time to complete the work. I believe they will get the filing out before the deadline. Just hang on...
Comment by AlwaysSkeptical on Dec 11, 2020 2:10pm
Ed, I call BS: RLV used to file on time, but since their numbers have been tanking, and they've burned their past auditors, now they are nearly TWO MONTHS late on these... Hmm...maybe their fins are so bad they either can't get an audit firm to sign off?   And/or, maybe they don't want to show how poorly they have performed since they lost $1.2 million as of March 2020 ...more  
Comment by EdLeafs on Dec 11, 2020 3:12pm
If that was the case, their new auidtor RSM would have resigned by now. The fact that they did not resign means there is still some good progress to be made and there is still hope of a future.  
Comment by ggrellette on Dec 11, 2020 3:45pm
It went from promissing to slim and none. Right now it is on a trajectory of going to ZERO or a huge RSS which will crush every shareholder who has been holding this stock for the last couple of years.
Comment by MichaelSilvia on Dec 11, 2020 4:30pm
Why is it no longer "promissing"? Because there is PPE shortage and RLV is taking time to get the equipment? The "trajectory" and unfounded "RSS" comments prove that you're new to investing. Sit back and watch.
Comment by WinnersRide on Dec 11, 2020 4:49pm
Buying at the bottom never seems like a good idea to the young guys. Too many emotions. If Aurelio and team get the PPE to deliver on several contracts this month, Aurelio's 13 cent shares will seem cheap.
Comment by AlwaysSkeptical on Dec 11, 2020 5:03pm
Don't worry about Aurelio's shares: he's been paying himself off your back (stock dilution) for years....as well as family and friends, via consulting fees and warrants. But please keep looking at the shiny things (PPE! Cannabis! Hand sanitizer!) while he keeps cashing  checks with your money...don't worry, this time HE MEANS IT! A sucker is born every day.
Comment by ThisIsYerChance on Dec 11, 2020 5:13pm
This post has been removed in accordance with Community Policy
Comment by AlwaysSkeptical on Dec 11, 2020 6:49pm
"Yer" boring as F. I'd love to talk about the three latest financial filings, or any new business that has been won in the past two months. Unfortunately, "Yer" boss/sugar Daddy Aurelio has yet to produce any of that stuff. Thus, the only thing we have is a countdown to full trading halt and/or bankruptcy until then....oh, and watching the stock tick lower, ever lower... ...more  
Comment by ThisIsYerChance on Dec 11, 2020 7:58pm
This post has been removed in accordance with Community Policy
Comment by AlwaysSkeptical on Dec 11, 2020 8:41pm
Waaah - my stock blows, I have no rational reason to hold or buy more except my foolish pride, so I will try to tell everyone "Yer chance" and hope that suffices.
Comment by ThisIsYerChance on Dec 11, 2020 5:11pm
If yer buying at the bottom this is yer chance
Comment by AlwaysSkeptical on Dec 11, 2020 3:48pm
Ed: The auditors have been on this mandate for months, and the financials for Q4, FY and Q1 are ALL in default, the former by 7 weeks. RSM is billing hours (@$200-300/hour) throughout this process...so either way, it's not good for RLV: 1. Their numbers are in such disarray that RSM won't sign off...bad news and TRADING HALT ahead 2. RSM is working to clean up the books, and sees a path ...more  
Comment by whateveryousay on Dec 11, 2020 2:33pm
Yes I ran my own business for 32 years and you do not want to piss off Revenue Canada or stock regulators.My company was not public but losing the respect of your clients or in this case stock holders is very bad for business.What the hell are they up too waiting to release when the have earnings?We all have holdings in companies with low sales but good prospects that is the venture risk I would ...more  
Comment by invest2profit on Dec 13, 2020 8:46am
New auditor reviewing Q4, full year, and Q1 financials before giving the approval. Should be out any day now based on the last NR.
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