Member Info for Bearhunter

Thanks Momajid, it’s good to see some on here are looking at things with a clear head.

Silverlight, you're a very sad person indeed.

I care to look back properly, instead of making things up, my first post on REVB bb was back on 23rd August 22!

I, like most on here want to protect our investments (albeit very little we can actually do in reality) so I just pointed out some points that I thought were very valid, as I do not think it's healthy for everyone to keep going on about lifting of suspension or multibagging since BOO's hostile approach, if it's not likely to happen.

I would love nothing more than to be wrong in this instance, as I had really big hopes for this investment

Silverlight, yes I bloody well am. And seem to be much more protective of REVB and my investment than you are.

Are you even invested Silverlight? Or just a paid to be on here?

All the way throughout I've been very positive, and still am where REVB's future as a business is concerned. But having seen how easy it is for a company to be robbed from shareholders by it's founders and big investors, Joules and ITS to name two off the top of my head in recent times, I'm very nervous that the same is happening here before our eyes and nothing we can do about it

Silverlight, I have posted many times on here throughout suspension. Check my posting history.

Not all of us feel the need to post on here daily, some of us have a life outside of LSE

Does anyone actually read these RNS’s properly?

There’s so much talk on here of getting this back trading again, but imo everyone’s missing the blatantly obvious hints that have been put into the last RNS that basically even though we were so close to being able to lift suspension, BOO have put pay to that.

Quotes from this last RNS that lead me to think we won’t be back trading anytime soon:

“The current directors are also confident that, in isolation from any adverse effects resulting from boohoo's recent disruptive actions, the suspension of trading in the Company's shares could potentially be lifted in a matter of days.”

“The Company will continue to work towards lifting the suspension of the Company's shares from trading on AIM and will keep shareholders updated on this progress. The Company will also make shareholders aware of any further implications of boohoo's actions that may impact this process or the ability of the Company's shares to trade on AIM.”

“The current directors believe that boohoo's actions create considerable risk to the prompt restoration of trading in the Company's shares and its stakeholder relationships, and appear calculated to destablise rather than support the business”

IMO Bob realises getting this back trading again is the worst thing that could happen right now. Not only would the sp be massively damaged by what BOO are doing (yes I know a lot of you are not of the same opinion on this as me) but it would allow BOO and their associates to buy up many more shares to secure their takeover.

I for one would prefer the share to stay suspended until, if at all possible, Bob comes up with a plan to protect Revb from being stolen from us

As Bob has already pointed out, revb’s lenders probably won’t be supportive of BOO BOD taking over, so it would soon lead to their debts being called upon. BOO would take the opportunity to put a vote to shareholders for the sale of REVB assets to BOO, in return BOO paying off REVB’s debt and leaving a little in the pot to distribute to revb shareholders when they liquidate the company.

All imo, but it’s smelling exactly the same as I don’t trust BOO one bit

Hosai, I suggest you check out the share bb with the ticker ITS, now named Itsarm but was previously “In The Style Group”

Check out the RNS’s from:

7th Mar 2023 - Completion of strategic review

This is how I suspect BOO are planning on playing this out with REVB should they take over the BOD.

It was like daylight robbery what happened over at ITS and until it happened I didn’t think it was even possible

Again, an excellent view point from momajid

Thank you for taking the time to give us your thoughts on this.

Are you currently a revb shareholder yourself? Momajid?

Silverlight I'm not sure if you're being purposefully difficult here or what, but if you know about the company ITS and what the founder managed to do to its shareholders, then we wouldn't be discussing this further.

READ THIS CAREFULLY...

If BOO take over REVB BOD, the company won't even get as far as administration before BOO buy out the company on the cheap! As you state, if the company goes into admin, it will wipe out all shareholders including BOO and give them no favourable terms to buy the company on the cheap.

The way they will take this company is by knowing that the lenders will take away their support, they will then RNS that the only route to save the company from going into administration is by voting for BOO to buy up REVB assets (which will conveniently be around the amount that covers REVB debts) and any remaining funds will be distributed to REVB shareholders.

They would put this vote to shareholders and be successful, as they only need 50% of votes cast, of which BOO and the founders have between them

Silverlight, I'm not sure if you fully understand the seriousness of this situation as stated in the latest RNS.

If BOO is successful in throwing out the current BOD and replacing with theirs, it's likely REVB's current lenders won't be supportive, as such REVB would be facing administration.

It will be at this point that BOO will come in as a knight in shining armour and rescue the business by buying it on the cheap, whilst making it a requirement that Minto has the same shareholding in newly formed company, leaving REVB shareholders with some crumbs and a cash shell.

The company ITS managed somehow to put this vote to shareholders as an "ordinary vote" which only required 50% votes to pass, we already know that BOO and founders have enough voting power to achieve this.

Under no circumstances must we allow BOO to take over the BOD, unless you want to gift them our company on the cheap

Silverlight, take a look at the company ITS, what Iknownuffin is referring to. They haven't gone into administration but managed to shaft shareholders completely, in a way I expect BOO is trying to do here alongside REVB founders.

The only way I see out of this scenario is for some serious dilution to current shareholders, which I am more than happy to go with otherwise the alternative is to lose our investments to BOO and Minto

Respect to you momajid, I totally brushed by your message on here last week and should have given it more of my time. As you rightly said, you called this completely right, I’d go as far as to say you’ve probably got this latest message correct also.

I too would happily be diluted say 20% if it means a successful kick in the nuts to BOO

I know Bob has been quieter than we’d like, but it seems now there’s been an awful lot going on in the background that he’s been dealing with with regards to this, as I’m sure this has come as no surprise to him yesterday. I just hope his time has been put to good use so he’s prepared to win this fight for all of us shareholders

Silverlight, it is worded "potential" due to the fact that minto has time to respond to the claim and potentially agree to/make arrangements to settle the claim before legal proceedings are actioned/required

Downtime, I was referring to a different share with the ticker ITS.

Sorry I can see how this may confuse if you’d not heard of the share before

Dnwill, not strictly true, but I agree it should be that way.

ITS somehow managed to put selling the business and going private through at an ordinary resolution, which is what totally shafted it for shareholders.

Some dirty stuff goes on in these aim companies and never seems to be any consequences

Just re-read BOO RNS, where they state:

boohoo has, in addition, requisitioned a general meeting of Revolution Beauty pursuant to Section 303 of the Companies Act 2006, at which ordinary resolutions will be proposed to remove Bob Holt, Elizabeth Lake and Derek Zissman as directors of Revolution Beauty, and to appoint Alistair McGeorge and Neil Catto as directors.

Not sure anyone has noticed this but the resolutions proposed are “ordinary resolutions ” and these only require 50% of all votes cast. Dear god this just gets worse

Well I have to say this news isn't music to my ears unfortunately.

As some others have said also, I don't like BOO one bit and so would hate for them to succeed in voting the current BOD out and putting their own in place.

After seeing what happened in ITS, the way the founder managed to help shaft all shareholders by taking the company private, agreeing a low ball offer from a private firm but the deal still meant he got the same percentage shareholding in the new private company and then conveniently there was no value left to distribution to current shareholders, this situation definitely makes me nervous.

Hosai, I appreciate your input a lot on this bb, definitely found some good bits of info throughout recent months and kindly shared with us on here, but believe me when companies start the ball rolling with something like this, it's almost like it's a done deal in most cases, as they only make their move when confident they can get enough votes to pass. So my reckoning is that Boo may have been in talks with the founders and already got something agreed in principle which would see them benefit should this vote pass. This is all my opinion of course, but talking from experience of what happened with ITS, which I didn't think possible as it's blatantly obvious wrongdoing has been done in that deal, I wouldnt be at all surprised if we get shafted by BOO in some shape or form now.

I will be looking forward to the next Revb RNS which will hopefully offer some reassurance to us

Blooming heck, the way half of you carry on on this bb it’s like you’ve got all your eggs in this one basket. If I were Bob I’d also be sick to the back teeth of having to hold the hands of pathetic blubbering pi’s who barely have any kinda significant holding in the grand scheme of things, all asking the same questions and not quite understanding that he can’t give you any information that’s not already out in the public domain.

Just let them do their jobs, concentrate on things you can control, focus on your other investments if you have any and deal with what to do with Revb when the next rns comes through like the rest of us

The thing I love about dealing in shares is just how unpredictable they can be at times. Just when you think you’re sure on something, some news gets released that the market wasn’t expecting and then either boom/bust moments.

I know talks of multi bags on first day back trading may seem far fetched to some, but it can and does happen when a businesses sp has been decimated due to what the market perceived as the business going kaput, but then get a complete reversal upon news being released that proves otherwise.

One example that always sticks in my mind is the company De La Rue, during the early covid days the sp dropped from around £1.50 (which was already a drop from previous highs) all the way down to around 40p, all because the market expected them to need a capital raise etc. But then rns released which showed covid hadn’t affected the business that much at all then boom spiked to around £1.80 before settling back down to just under £1.40 odd. I know this well as I was in it when it happened, selling at £1 odd as I’d more than bagged, only then to see that I could have more than 3 bagged had I held on a bit longer!

Anyways, it’s just an example to put those right that say it can’t/won’t happen.

Pre Revb suspension no one had a clue what was wrong with the books, I remember feeling sick reading the rns that stated an independent investigation was going to take place, as I thought I’d lost the lot at that moment. As it turns out things weren’t anywhere near as bad as we expected, in fact business has only got better and better (obviously need the figures to confirm this, but it’s looking likely) so now wishing I’d not sold some of my holding pre suspension and actually wanting to buy more once back trading again. I’m sure others will be in a similar boat.

Roll on the lifting of suspension so we all can see how this plays out. Gla

I can only hope it does open this low, as I’ve pretty much written off having any chance of buying more before the sp rockets