Member Info for Erebus55

Confirming position at 20th April has to be done by 4th May. Not long.

From their website:
Around 60% of our products are made in China, 25% in Taiwan, 15% in UK, Italy, France & Germany.

Steak on the menu or not, the share price is dropping and volume greatly reduced.

re. asimpleinvestor - who cares you sold at 0.73

Gone blue,r ising vast.

Very poor effort today by the paid bashers, now green boxes. SP going back up.

Chewit, why would the interim results to end of October 22 be due by 31/01/22 (your 12:54 post today). Seems a tad ambitous.

That is an article worth repeating and explains why bashers are out in force. How sad this is how they earn a living.

They should explain why it is taking so long - round 2 taking longer than a normal audit. Is it because BDO have no staff or because BDO have found other things. The last RNS had usual date caveat- expected which in AIM world usually means won’t happen at date quoted.this won’t start trading until May at the earliest. Shocking by BOD old and new and hard to see what Lake has done to improve things.

And the RNS of 21/2 said working to get accounts out by 30th March. The latest one says Expected by end of April so could be much later based on outcome after earlier RNSs. Even if end of April it will mean BDO will have spent over three months on second attempt after similar time before and a forensic audit. Will be interesting to hear why it is taking them so long but doubt we will be told. Shocking as is communication from company on how business is going.

Don’t see why Medichem valuation stops the accounts. If BDO think value is less than agreed why can’t that be written down in the accounts. Hopefully BDO will be back at work next week after their Easter break. Sadly the last RNS didn’t give much hope of anything by end of April. Each RNS seems to be vaguer.

A new week and still hard to believe BDO are still dragging this out. Must be working on 2033 accounts soon.
As for company it is very poor that we have had no update on performance for over nine months. Are they forbidden by BDO?

Thanks for updates. CH dates look unchanged since the 28th Feb deadline was missed.

Hopefully it is more than that as we already knew it wouldn't necessarly be delisted at end of April. Mark seems to have gone quiet and if Michael really is the source of the info then not as good news as first thought. What a mess and as with most companies they don't care a toss about PIs.

Why are some posts not seen - claims 9 in header but only 4 posted. Similar yesterday.

Fintech, to be fair everyone holding is now a LTH.

Noticeable no apology to shareholders. Hard to believe 5 weeks ago BDO said accounts would be sorted this week now they at least another Four weeks. Are they waiting for Medichem valuation? If so why not use current one and say will be readjusted later.

You may well be right; I just felt optimistic. Being slightly more serious one has to question what BDO are doing. I assume the around 30th March date must have come from them, but why now put it back at least another month with no explanation. At least last year we got the delay reason in dribs and drabs. I expected this to be quite quick, just readjusting the balance sheet. The forensic audit took less than time than either BDO audit.

Yes a joke and I expect the next RNS at end of April will say:
"Further to the announcement on 30 March 2023, BDO have updated the company with respect to the audit of the Group's FY22 accounts. Work on the audit has now started and it is expected that Revolution Beauty's audited FY22 accounts will be published around the end of May 2023."

Rocket, I think you maybe right. There seems no urgency to re;list or inform shareholders why another delay or even how business is going. The second BDO audit will have atken over three months yet the previous one highlighted issues which company claimed were sorted, thus why are BDO taking so long.
Board may have other plans but also seems they like fact they can ignore shareholders as suspended - they still get paid so happy but less hassle.