InvestorsHub Logo
Followers 77
Posts 5771
Boards Moderated 2
Alias Born 04/25/2011

Re: skeet57 post# 66729

Wednesday, 08/24/2016 3:34:43 PM

Wednesday, August 24, 2016 3:34:43 PM

Post# of 68825
does it matter? the base statement is true.

all of the money ron and garbage ali got from revo shareholders is gone. not a penny in the bank and even now shareholders still owe their creditors a few million more.

if i were longs i would call garabage and ron and request details about getting preferred shares and possibly converting any common shares in a trade.

they probably wont answer the phone. but in the off chance you can get preferred shares and they do actually get money from all this nonsense then you'll get some money back.

you have to realize REVO was their piggy bank. that's how they paid themselves. if they needed money they dumped shares. now that the piggy bank has run dry they are no longer getting paid for REVO. the only option they had left because they cant liquidate stock is creating a new class bearing interest payable in cash.






My name aint Buffet, im just some dude..

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.