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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 problem with RLV
View:
Post by AlwaysSkeptical on Apr 26, 2021 8:36am

The problem with RLV

In order of importance :

1. It has burned through every penny of cash it has raised, and owes millions that it was unable to pay on time;

- Where is the next pile of cash coming from?  Share dilution

2. It has destroyed the one business it has: Bioganix revenues down 90% from peak.

3. It has failed to deliver on anything since that acquisition in 2017.

- Blockchain
- acquisitions (Cannakids, Weedsense...)
- new product launches (omega 7, walmart, hand sanitizer, push-pull....)
- Biocannabix spinoff

4. It has paid out millions in consulting fees to its CEO and his friends, with nothing to show for it.

5. It continues to lose millions annually, with no end in sight and no tangible book of business in almost 300 days.

PS: There are very few shares shorted versus the 200+ million shares outstanding.  Shorts aren't the issue: chronic mismanagement and lack of a vision are why this stock is at 2.5 cents.
Comment by Zimmee1 on Apr 26, 2021 7:32pm
Two years ago, RLV has reached this value of $0.125 on a volume over 5 million shares that day in May 21, 2019 but I don't know if it was a sell off or something else? Relevium Technologies Inc. (RLV.V) TSXV - TSXV Real Time Price. Currency in CAD A  ...more  
Comment by AlwaysSkeptical on Apr 26, 2021 7:39pm
Zimmee, Amazing how this stock has gone from 12 cents to less than 3 cents in two years.  May 2019 was when Aurelio bought Bioganix founder's share to stop him from dumping them...then came out and announced all kinds of news: - Launch of Omega 7 pills - Cannakids - Weedsense ... Fast forward two years: - Omega 7 pills have not generated any significant sales - Cannakids ...more  
Comment by backhoegypsy on Apr 26, 2021 11:27pm
I know now looking back on it, what a joke, Cannakids,whats next,?
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