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Revolution Beauty Group - from bad to worse, accounting snakes emerge from long grass, management talks bull re debt issue

I bet Elizabeth Lake is regretting joining Revoluti8on Beauty (REVB) as its CFO on May 12 this year. The previous incumbent Andrew Clark hung around till the end of July for an orderly handover, since when we have had a ghastly profits warning and now, today, an admission of potential accounting “issues.” Ms Lake must feel as if she was parachuted onto the Titanic just before the iceberg. Or maybe she should take some blame and walk the plank?

EPIC REVB
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Revolution Beauty; Lack of profits warning, shares collapse – a new posterboy for the 2021 IPO hall of shame

On 19 July last year Revolution Beauty (REVB) joined the AIM Sewer raising £110.7 million by issuing new shares and with founders dumping £189.3 million of shares at 160p.  After a warning today about dismal trading which is so bad that it begs the question of whether Revolution will go bust, the shares are 26p. This is a new posterboy for the AIM 2021 IPO class of shame and advisers Zeus Capital should be asked some real questions.

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