Revolutionary Concepts Inc (fka REVO)

[Krysti]

REVO: the piggy-bank of Ron_Carter and Solomon_Ali, Lantern
Ron Carter doesn't need to use Eyetalk365 as a source of cash.
He already has REVO for that.
He gets ready cash by awarding himself REVO shares.

He simply issues himself $200,000 in convertible loan notes.
That converts into 100m shares, at the $0.002 strike rate.
He then sells a portion of those shares (for which he files a Form 4) or assigns the loan notes (for which there is no need to file a Form 4).

He's been doing this for years.

BUT, with the volume of convertible loan notes issued to Solomon Ali and his cronies, the well of 1bn authorized shares is running dry.

The piggy back needs a cash top-up, and that's why the Board are now proposing a private offering of shares.

Offering to Raise Capital Funding
Management of the Company has elected to do a secondary public or private offering to raise additional funding for the Company, for working capital, for its growth and expansion and retirement of equity. The prospectus or offering memorandum will be prepared by the Company’s legal counsel and accountants, and issued to accredited investors in accordance with SEC and any other Federal, state regulatory, rules and guidelines. The approval of the public or private offering is subject to the final approval of the Board of Directors of the Company.

Source: REVO 10-Q at Page 14 http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10182329