RevoluGROUP Canada Inc. Faces Governance and Transparency Concerns
RevoluGROUP Canada Inc. (TSXV: REVO), a software solution provider focused on financial technologies such as money remittance, mobile applications, and blockchain systems, is confronting significant shareholder scrutiny. On September 9, 2025, the company’s proxy shareholders, representing more than 10 % of issued and outstanding shares, issued a formal statement demanding greater transparency and action from the board.
Key Allegations
Failure to File Financial Statements
- The company remains under a Cease Trade Order (CTO) because it has not filed audited financial statements for the fiscal year ending May 31, 2024.
- Despite board‑issued promises, no annual or interim statements have been filed to SEDAR+. The last board reference to the proxy group’s proposal was on July 30, 2025, with no accompanying filing.
Misuse of Brinks Loan Funds
- The board has withheld disclosure of the Brinks Resources Limited loan agreement, which was signed without full board approval, contravening an April 25, 2025, resolution.
- Allegations state that 25 % of the loan funds were allocated to directors for personal compensation, despite the agreement prohibiting such use.
Leadership Crisis and Disclosure Failures
- The proxy group highlights ongoing governance failures, lack of fiduciary accountability, and insufficient disclosure from directors.
- The board’s repeated commitments have not materialized, eroding shareholder confidence.
Current Market Context
- Share Price: CAD 0.02 (closing price on September 9, 2025).
- 52‑Week Range: CAD 0.05 high (September 30, 2024) to CAD 0.02 low (September 9, 2025).
- Market Capitalisation: CAD 4,510,000.
- Price‑to‑Earnings Ratio: –1.15, reflecting the absence of earnings due to unresolved financial reporting issues.
Implications for Investors
The unresolved governance and disclosure concerns may impact investor trust and the company’s ability to raise capital. The Cease Trade Order further restricts trading activity, potentially affecting liquidity. Investors should monitor the company’s compliance with regulatory filing requirements and any subsequent board actions addressing the proxy group’s demands.
Company Response
RevoluGROUP Canada Inc. has not yet issued a public response to the proxy group’s allegations as of the latest available information. The company’s website, www.revolugroup.com , remains operational, but no updates regarding governance or financial reporting have been posted.
The information presented herein is based on publicly available sources as of September 9, 2025 and does not constitute investment advice.