Revolutionary Concepts Inc (fka REVO)

[Krysti]

1bn shares were authorized for obvious reasons, skeet.
The authorization of additional shares gave Solomon shares to sell and trade.
Now that he's pretty much used up that 1bn he needs some more.

By the way, no proposal was made at a shareholders meeting to issue 1bn shares. That decision was reported in an SEC filing.

There was no need to make a proposal to shareholders. Ron Carter held a controlling interest, and shareholders have only ever been able to accept what Ron and (more recently) Ali decide.

Solomon Ali said he would invest $1m in REVO, and buy out a proportion of Ron Carter's shares, for cash. Remember?

BUT Solomon never made that $1m investment, either personally or through his company,Rainco LLC. And there's no evidence that he ever bought shares from Ron, for cash.

He and Claude McDougal (his now discredited sidekick) simply took free shares as a 'consultancy fee'. Remember?