Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
It seems that Revolution Beauty (REVB) still cannot bottom out the massive accounting fraud which means that it still cannot get its accounts for the year to February 28 2022 published. To “help” the independent investigation being carried out by Forensic Risk Alliance and Macfarlanes, the executive chairman Tom Allsworth and CEO Adam Minto are stepping away from running the business. Veteran Businessman Bob Holt, a good guy, will take charge of running the business. But look at the statement of what he is doing, the underline is mine.
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