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Krysti

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Krysti

Re: Notimpressed post# 62328

Sunday, 08/30/2015 8:45:52 AM

Sunday, August 30, 2015 8:45:52 AM

Post# of 68825
Many companies have retired or cancelled REVO debt, notimpressed.

The accounts show that REVO has retired over $1m in debts.

Many of those debts have been retired in return for REVO shares. REVO did not report any of those debt retirements as 'revenues'.

The $900k of debts assigned to Eyetalk365 was retired in return for a licensing agreement. REVO reported that debt retirement as 'revenue'.

HOW REVO AUDITORS/Accountants handled the Financial Report ENTRY/Placement was then SEC problem.

Agreed. And the SEC has said that treating the $900k as revenue was wrong.

Simple.
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