Revenue Group's acquisition targets, Innov8tif is bleeding red ink

LOOKING  at Securemetric Bhd's quarterly report ended March, the are two things which are pretty obvious.

INNOV8TIF is still losing money, and Securemetric cosy of owning 20 per cent of the expanded Innov8tif Group is at a song. READ :Securemetric buys 20 per cent or 112500, ordinary shares in Innov8tif for RM112500

THE 20 per cent stake brought in a loss of 89,000 for Securemetric.  Revenue  Group meanwhile wants to READ; buy 51 per cent stake in Innov8tif for RM36 million from Hong Seng

HONG seng will make RM5 millio. Profit for selling a company it doesn't want.