Revive Therapeutics Ltd fka RWTF (RVV)

[hasslethehoff]

INVESTORS BEWARE: Case study of a CSE pump: RVV

Full report: https://twitter.com/cifccapital/status/1228736522343440384

Quoted below:

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Here's a live case study of a CSE pump: $RVV

A "cannabis life sciences company" (whatever that is) that is trading at a $4M market cap.

Suddenly announces a convert debt deal. 12% interest and convertible at .07c for the next 36months.

They offering is for all of 210K
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Then, they drop a PR that they have "entered in to an LOI w/ Red Holland to enter the psychedelic market"

Red Holland is a company that "plans to sell truffles"

As in, truffles. As in, nothing to do with psychedelics.

Here's a quote from the PR [...]
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So essentially $RVV has given 150K in stock @ .05c to Red Holland, who essentially says "we are trying to acquire a facility in Amsterdam and grow some truffles but right now all we have is absolutely nothing"

How is $RVV even allowed to put the word "psychedelics" in this PR?
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Then you dig deeper, the CEO of Red Holland is a guy who is juggling a radio show, being the IR person for $HALO.N and also the CEO of this company.

Okay well, no rules against that, so fair enough.

Then you look at who is leading the financing for Red Holland..
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First Republic Capital.

You may remember these guys from such deals as $HUGE $PUMP $GRAT and other deals that absolutely crushed any retail participants

Okay, well, everyone is allowed to take their chances and it is a free market so whatever.

Let's look at $RVV next PR..
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$RVV enters psychedelic market with LOI to acquire Psilocin Pharma Corp"

$2.75M price tag issued via 55M shares @.05c

Must be quite the enterprise here.

Except, Psilocin Pharma Corp appears to be nothing more than a website with a page called "Product Pipeline"
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In this product pipeline is "Hard shelled capsules" and "oral sprays" and "gel caps"

Nothing yet approved. Nothing yet operational. No IP or data which is unique or original.

So, where does the $2.75M price tag come from?

Good question for $RVV $RVV.C to answer
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So perhaps $RVV is acquiring a team? Maybe there's a lab with a bunch of scientists working day and night on disruptive plant medicines?

Well, looks like "Psilocin Pharma Corp" is actually just one person, who actually has a current full time job at a different cannabis company
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Point of all this being, PRs are easy to spin up, execution and building real value is hard.

Psychedelics is going to be the highest barrier to entry of any "start up" and everyone should call out these blatant pumps when they seem them. It's shameful.

And embarrassing.
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Printing up cheap paper and dishing it out like it's candy, all under the guise of "psychedelics" hoping to fool a few retail investors going "wow what a low market cap!" and ride the stock up a few multiples to sell in to unsuspecting investors.

Welcome to the CSE
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"Psilocin Pharma Corp" was registered 8 days ago.

https://nuans.com/auth/app/scr/corp/nuans/public/PreSearch.html?reportType=6&name=Psilocin+Pharma&src=%C2%A0%C2%A0%C2%A0Next%C2%A0%C2%A0%C2%A0

Credit: @_CrazedCanuck_


$2.75M for a business registered a week ago...

Got it.

Be better guys!
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