Fact:
Carnes initially took 25% of ownership in Revenge with expected revenue of 10M/year "Revenge expects to employ 40 by December with an annual payroll that will exceed $1 million. About $1.7 million will be invested in the project with annual sales anticipated to be in the neighborhood of $10 million, the company said in a written statement."
plus "$1,000.00 from the proceeds of each of the first one hundred (100) cars sold by Company hereafter, as return on investment, such sums being due upon receipt and collection of good funds by Company" (Signature Leisure 8-K from 7/18/06) - sound of serious expectations on development, is it?
Fact:
Carnes increased stake of Revenge to 40% before merger and much more revenue expectations (September PR): "Signature Leisure, Inc. (OTCBB: SGLS) announced today that the company has reached a final agreement that increases Signature's ownership percentage in Revenge Designs from 25% to 40%."
Follow the smart money, Carnes is doing thousands %%% on investments - check his background...
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