Relevium Technologies Inc V.RLV.H

RLV’s kryptonite: Reality and FINS

[AlwaysSkeptical]

With all of the paid pumpers working overtime to try and find new bagholders for RLV, a little recap to prepare everyone for the sure-to-be-disastrous fins coming out this month (unless they default again):

1. RLV started out selling magnets.  Failed.

2. Then they bought Bioganix, a $4 million/year e-comm company making hundreds of thousands in profit.

Result: Revenues down 90%, losing $2 million/year;

3. They tried to launch new products (Omega 7, Push & Pull, blah blah) and channels (Walmart.com, Paper Store, ...), and always had the same result: ZERO sales.

4. Then, they pulled perhaps their most misleading campaign of all: cannabis.

- They said they were getting a license through Pipedreemz, then Weedsense.  Four years later, NOTHING.

- They said they were leasing space in Ville-St-Laurent, going as far as showing pictures of the inside. Result: This NEVER happened.

- They said they signed a huge Columbian distribution deal...NOPE.

- They purchased Cannakids...and wrote-off the entire company, a huge loss on the balance sheet, goodwill and cash.

Really, the only thing that happened here: they created a subsidiary called Biocannabix.

5. Then, they tried to profit off the pandemic.

- Hand sanitizer was first...$250k in preorders, they publicly stated.  Then, ZERO ever showed up on their fins.  Is this even legal to mislead this blatantly?

- Then, air purifiers and filters...did they sell a single thing?

- Then they launched COVID-killing neutraceuticals...or didn't they?

- Then came PPE...in 18 months, with billions spent and contracts earned worldwide, how much did RLV get? ONE contract.

Revenue recognized? ZERO.

Pathetic, abject failure.

6. "H-Source partnership will help RLV grow"

Um, HSI signed a strategic deal...just not with RLV.  Effectively killed this one.

7. "But wait...AIP just diluted everyone by 120 million shares...so even though this killed every other shareholder...they have insider info, so that must be good right??"

Again, the fact is that there was nothing else to get...and, after taking close to $400k in penalties due to nonpayment, RLV still had nothing to take without bankrupting them.

RLV needs to raise another million in August to pay its remaining debt AND cash burn.  So we've got less than 30 days to see what's truly going on...

Summary:

- Consistent track record of ZERO success in delivering on everything it promises
- Fins due in August will tell the FACTS.
- Until then, wait to buy cheaper as fins NEVER come out well for this company
- If you're long, sell if you can...the trend is NOT your friend.

[ggrellette]

What a lovely recap of the success that RLV has enjoyed. Well Aurelio has enjoyed but his entertainment will be coming to an end soon. Although the end is near, Aurelio has made out like a bandit, yep made the money magically disappear.  All that is left for shareholders here is the inevitable, which means bye, bye to your money. Absolutely agree the TREND here is not your FRIEND. 

[SHOWMEURKITTYS]

you forgot the gloves. what about the gloves. appaently they have arrived by ship, yet no one still knows where they arrrrrrrgggghhhhhh....... dam pirates

[Carmine]

They are so competent .... hahaha ... that the Bioganix brand cannot be traded or sold, the company that bought it and has a huge debt with Uncle Sam ... and the federal tax agents are looking for those responsible ... that is why Aurelio now presents himself as president of Biocannabix and does not mention RLV at all.  It seems that RLV keeps many secrets ... or hides unfulfilled legalities

[North85]

Well said a classic switcharoo leaving shareholders blinded like magoo