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They keep the patents, I am sure, and they are looking for merging with medical company so to pay off the 2.5 million fine or to get loan and then to start the production. I dont think that is 100% dead, this patent talks by its self they will not throw away, any medical Co. likes to have this kind patent. (This is my personal opinion)
There is no office, no phone, no internet, no filings, no reports, not even rumors. Maybe is going to surprise us? who knows.
What happened to the patents?
Any opinion or any light in horizon or in tunnel?
I believe there will be a bankruptcy, I wish not but if you see this silence...... hard to avoid.
There is no money to open it.
Raising funds will require some capital generating event, like Ron did a bunch of times, severely diluting your share value.
And that was when it at least appeared that some kind of success was at least possible.
Would you be willing to throw another $10-20 thousand at it right now?
Much less a couple million.
But now, after spending all money and energy to fight the SEC, having gone for years without any real interaction with possible suitors, the cost of capital (money to operate on) will be HUGE.
So, I believe the only realistic and remotely possible positive end to this story would be for a competitor to somehow view the product as good enough to buy the rights/patent to fold into their own business.
In my opinion, going it alone has proven to be a failure.
And there is no money to be used to pursue potential buyers.
So, good luck.
Still they din't open office yet? and they call that they are a co.? AMEN
Some body today 2:30 sold 5.013 shares at .0009?
14:06 pm, last trading 1.330.000 was a buy at .001 , he knows something? Is there a life after death?
What a shame. RIP
Is there hope? Maybe a smidge.
Not much more, IMO.
The company has been trying to peddle this gizmo for 20 years.
UNSUCCESSFULLY.
For the last few years, they could blame it on the SEC, BDX, the weather, etc..
Now, with no money, no production, no customers and a $2.5 million fine owed to the SEC, I don't hold a lot of hope.
And Ron is gone, but who knows what skeletons are in the closet he guarded for a decade.
Maybe only enough to check this board every now and then just to hang out with some other losers. Misery loves company...
Good luck.
Done. As far as I can tell.
This means they finish with with the court or they are waiting another trial or another decision from the judge. I think if they finish with the court soon will release positive news.
Because I am not to expert to understand all these filings, is any positive for us?
Thank you bogey for your postings. Yes I am afraid the bankruptcy too, but the Co. is trying to avoid it for their interest. I thing is looking for partner or merging. I don't think after all these work and patents to give up, and I think they will find solution with SEC for this balance due as you said. All these reflects my personal opinion.
Here's the judgement. I googled: RMC SEC judgement
I found the final.
So, from here, I have no idea what our hopes are.
On one hand, the company now owes the SEC $2.5 million.
That could lead us to bankruptcy, if the SEC declares us in default.
Or they might just let it rest and see what happens.
Enjoy...
https://www.sec.gov/litigation/litreleases.shtml
look at 1st quarter releases.
LR-24072 Mar. 21, 2018 Revolutions Medical Corp., et al.
See also: Final Judgment
https://www.sec.gov/litigation/litreleases/2018/lr-24072-final-judgment.pdf
All I know, the Co. has no office, no phone, no website no employees no money. The Co. still hold the patents, but I think is waiting the judge decision, but how long? I have read one post here that they finish with the court but why they dint announce it, why not opened office, telephone, website, employees, production, sale orders? Is waiting any investor or big loan to start, or merging with a giant Co. or to sale the patents? We will have any surprise? no body knows. This moment the Co. is dead?
Any newest, idea or opinion will help and will be greatly appreciated.
Does anybody know what happened to all the patents? Any news.
My prediction, within a month good news will be out.
Yes you r right "bogey1"
Price whipsaws with Low Volume
300,000 shares sells at .0012 for $360.
300,000 shares bought at .002 for $600.
The volume is so, so thin that the price swings are devastating.
Don't watch.
Only move to really watch will be after some development.
Chapter 7 BK (liquidation) or buyout.
Forget about some idiot being able to make this company into a business. After all these years, if it ain't happened yet, it ain't gonna.
Just my take.
Today little better, I wish every day like today........
Somebody dumped 300k shares and the priced tanked. Can not find any news.
Nothing. I try to find new articles and posts once a week, but really nothing new to report.
Anybody hear anything?
Yes. A judge has the final say in the amount and severity of the penalty. I have not seen anything reported on a final judgement.
Is this article the same one? (from Jan.16/2018
Federal regulators seek $1.8 million from Revolutions Medical CEO in fraud case
By David Wren dwren@postandcourier.com Jan 16, 2018
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Prosecutors want the head of Charleston-based Revolutions Medical Corp. to pay back more than $1.8 million he made after the company issued misleading press releases that inflated the value of stock sold to investors.
Rondald Wheet, CEO of Revolutions Medical, also would receive a lifetime ban from being an officer or director of a publicly traded company under penalties recommended in court documents by the Securities and Exchange Commission.
Wheet was found liable last month of violating federal securities laws during a civil trial in Atlanta. A judge will rule on the SEC's recommendations at a later date.
The SEC also wants Wheet to pay $421,722 in interest on the money regulators say he improperly received after press releases made it appear the company's main product — a retractable syringe called RevVac — was in the final stages of development. The syringe, in fact, had repeatedly failed in testing and was prohibited from being marketed or sold.
Revolutions Medical issued the press releases between Aug. 24, 2010 and July 8, 2011 — a period when Wheet and the company sold $1.8 million worth of stock on the open market and in private purchase agreements, the SEC said.
Regulators are also asking a judge to impose "substantial" civil penalties against Wheet for "fraud and deceit that resulted in substantial losses to investors." The SEC said in court documents that Wheet has "shown not the slightest remorse" for his conduct.
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Last month's trial was the second time the SEC brought civil charges against Wheet. An initial trial in 2015 ended with jurors unable to reach a verdict.
The most recent civil trial came less than eight months after Wheet was found not guilty in a criminal trial in Charleston involving similar charges. Bryon Scott Key, the former head of investor relations at Revolutions Medical, pleaded guilty to a conspiracy charge in the criminal case and was sentenced in November to five years of probation.
Reach David Wren at 843-937-5550 or on Twitter at @David_Wren_
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Revolutions Medical Corp. Securities And Exchange Commission Federal Court Civil Trial Fraud
I e-mailed the reporter who wrote the article in the local Charleston, SC paper and asked if he had any info on RMCP and he said he did not. Have not heard anything else.
They held at .0027 over the weekend I thought we were started to move in the right direction, but as I type this they lost .0007. Anyone hear anything? Regardless i`m holding.
Does any body understand better than me that report ?
THIS IS THE ANSWER I HAD LAST OCTOBER FROM SOME ONE, IS HE INSIDER?
Nagasdog Saturday, 10/28/17 02:25:05 AM
Re: None
Post #
3009
of 3068 Go
RMCP_That is correct, Nagasdog, RMCP in fact, has Patents in China, Japan, and Mexico, and was waiting on final approval for pending patents in Australia, Canada, Taiwan, and the European Union.
Per:http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10414948
If the Co. has no office, no telephone, no website, you can believe any thing. The only that is sure is that yes they have the patent in China, Japan, Mexico, And I read one post here they have in USA too. What ever happen you don't loose the shares. (my personal opinion) I believe the Co will merge with giant Pharma Co.
Does anyone know if the actual company is still in business? If so, what is happening. If not, have or can the patents be sold? Will our shares transfer to new owner etc.?
Ahhhh. I thought there was another trial going on.
Sounds like Ron and RMCP must have lost the case, if penalties are pending.
I hope the SEC and the Judge don't ultimately KILL the company.
Thanks for finding that.
Good luck out there.
SEC penalties are a recommendation. Read article in the Charleston, SC Post and Courier written last month. A judge will issues an order sometime in the future. Hopefully the actual penalty will not be as harsh and something positive can finally start to happen.
To be honest I do own a large sum of this stock and hope that one day (hopefully soon) they will either start manufacturing or be absorbed into a larger company. As I said in my last post I do believe this is a great product, I know other companies make similar syringes but for this price I saw potential. My issues are I cannot find anything new about the company,I did find articles about them getting patents in various countries in the past few years, the re brand from Moxxon? to RMCP. But now aside from the SEC law suite/civil suite there is nothing. I see a few different address listed, google earth shows one as a vacant building and the other is hard to tell if its occupied. All the phone numbers I have called are disconnected, the investor relations contact listed isn't responding. I was able to find one person who is listed as an executive on Linkedin/facebook and they have listed that they are still working for RMCP so that is positive I think. I hope for our sake as investors in this company that we start seeing something happening and it gets us to break the $1 mark. Best luck to everyone.
No website? no telephone? no office address? probably there is nothing? Why the Co. never mentioned anything about the Company's standing?
the court ? or any other information to help the investors? they dont like people to invest in RMCP? (with them?) Any information will help.
Where do you see that ? There isnt a penalty of 1.8 m
The criminal trial inn April, 2017 ended in a Not Guilty decision. There are no criminal charges. Does anyone haven any info on an appeal. What is happening to all of the patents for the RevVac safety syringe? Is there still any potential?
SEC won a civil trial against Revolutions and its CEO in December and the feds are seeking a $1.8 million penalty
BB79 google "Revolutions Medical Corp. newspaper articles" and read the article in the Charleston, SC Post and Courrier that states all trials and SEC investigations are over. Read past posts here too. I have owned this stock over 7 years and I truly believe the RevVac safety syringe is a fantastic product that should be available to the medical profession immediately. I heard rumors that something should be happening in February but cannot confirm that.
Does anyone know if they are even still in business, the phone number is no longer active nor is their website. I stumbled across this stock and the concept is great, I know there are a few companies that offer this same product but the stock at this price is almost to good to pass up. so im just doing a little homework about the company. I understand they have been in some lawsuits with the SEC is that finished? i cannot find any positive or negative news about this company just seems stagnate. thank guys i am new here so ill be checking back.
Who is selling @0.0015? Are they trying to raise capital or shareholders?
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May/June 2014. First PR in over a year out recently. UPDATES AND IBOX UPDATES FORTHCOMING..
About Revolutions Medical Product - RMCP
Revolution Medical's products include the Rev Vac safety syringe, safety blood drawing device and safety IV catheter. The world market for safety-engineered medical devices (SEMDs) is projected to exceed 2 billion this year and is forecasted to maintain a 20% annual growth rate in the near term. Revolutions Medical also provides software solutions and proprietary tools that are compatible with standard MRIs and standard PACS. The software includes sorting of images, color, 3D, and automatic segmentation of images. These tools will enhance the physician's diagnostic confidence in an industry that is growing at 10% - 15% (more than 25 million procedures) per year with a worldwide market potential for these tools that exceeds $3.5 billion. The Rev Vac safety syringe and the Rev ColorMRI have not yet been cleared by the FDA for sale in the United States.
Since inception, the Company’s principal business has been to complete the development of and to commercialize color MRI Technology. The technology consists of software, which uses various color masks to produce full-color composite images from gray-scale MRI output. The resulting color images can be quickly viewed individually or all together as a “riffle stack”.
A riffle stack consists of the individual MRI images assembled to create a single composite image that contains the data from the individual images. The riffle stack allows a radiologist, using a computer mouse, to page through the images, creating a 3-D appreciation of the colorized MRI output even though the images themselves are not 3-D.
The software program can also segment the data and create a true 3-D image of the area to be examined. For instance, bone, fluid and other tissue displayed in an MRI scan of the head can be electronically eliminated to allow a 3-D rendering of just the brain.
The color images can be transferred to a CD-ROM or other digital storage device, instead of bulky film, for storage or for a patient to take to their referring physician. Because the color images are transferred to digital storage in a standard *.jpeg format, the color images can be viewed on any PC without the need for special software. The Rev ColorMRI has not yet been cleared by the FDA for sale in the United States.
Color MRI Video: http://www.revolutionsmedical.com/RevMed-ColorMRI-Video.php
The Rev Vac Safety Syringe and Phlebotomy (blood drawing) Device operate the same as a standard syringe and device. No additional training, skills, or procedures are necessary. The both products work on a vacuum principle, where pressing the plunger in them creates a vacuum. When the plunger reaches the bottom, the needle is captured. A further push on the plunger breaks the seal, and the needle retracts into the plunger barrel. The vacuum is maintained, so the needle cannot be removed from the plunger.
Revolutions Medical owns the patents and will manufacture a disposable retractable syringe and phlebotomy device. The products use a proprietary patented technology in which a vacuum causes the needle to retract into the barrel of the syringe or device after an injection is administered or blood is drawn. Prototype units have been produced and tested, but no units have been manufactured. The products have been designed to be manufactured at a cost that is approximately equal to the cost of traditional disposable syringes and phlebotomy devices and are intended to be a safe replacement for existing non-safe syringes and phlebotomy devices and even currently marketed syringes and devices labeled as safety products.With traditional syringes and phlebotomy devices, a needle contaminated with a patient’s blood remains a danger to healthcare professionals handling the needle until it is permanently disposed of in a proper biohazard containment unit. Revolutions Medical’s safety products do not present a “needlestick” hazard to health professionals after use because the contaminated needle is retracted into the barrel of the safety product and locked in place. The Rev Vac safety syringe has been cleared by the FDA for sale in the United States.
Safety Syringe Video: http://www.revolutionsmedical.com/RevMed-RevVacSafetySyringe.php
Management
Rondald Wheet - CEO, Chairman of the Board
Mr. Wheet has over fifteen (15) years experience in the investment banking industry and while working for several NASD registered broker dealers has raised in excess of $100 million for small cap companies. He held five licenses with the NASD; series 4, 7, 24, 63, and 65. He operated in a management and principal capacity for 10 years during that time and was a compliance officer for 2 years. He worked for investment firms such as Cohig & Associates, Scott and Stringfellow, Fortress Financial, and RichMark Capital. He was in charge of opening up three different brokerage offices from the beginning, including finding ideal office space, hiring personnel, becoming NASD compliant and turning them into successful branch offices. He started his own consulting business in 2002, Mansfield Garrett, Inc., and worked with many start up and micro cap companies; giving advice on capital raising, strategic partnerships, stock awareness, hiring top management and going to the public market. He served on the Board of Directors for Clear Image, Inc. since 2004. Ron is past President of the Metropolitan Exchange Club of Charleston, SC. He received a Bachelor of Science degree from the University of Towson in both Finance and International Business in 1987.Thomas O’Brien - President
Mr. O’Brien has more than twenty (20) years of general management experience in the medical device industry. He has special expertise in domestic and international sales, marketing and distribution of high technology medical systems and services. He has held executive positions with medical industry leaders such as Pfizer, Toshiba, and Johnson and Johnson owned Technicare Corporation. In 1995 he joined Spectrum Technology, a cosmetic laser company, as Vice President of Sales and Marketing. Spectrum was acquired by Palomar Corporation in 1996, and Mr. O’Brien went on to become Executive President for all of the Palomar companies. In 1996/1997 he became the President and CEO of Cosmetic Technology International, a cosmetic laser center business operating worldwide. He has most recently been the President and CEO of BioTrack, Inc. which has developed a device for the localization of breast cancer. He has also been CEO of Medical Online, Inc., an online internet medical consulting company. He has received a B.S. in foreign languages from the University of Maryland, served in the U.S. Air Force Security Service and also at the National Security Agency as a Chinese linguist.
Contact Info
Website: http://www.revolutionsmedical.com
INVESTMENT
investment@revolutionsmedical.com
Scott Key: 843-408-6265
CORPORATE HEADQUARTERS
2073 Shell Ring Circle
Mount Pleasant, SC 29466
843-971-4848 office
843-971-6917 fax
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