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NDAs can be used to hide many things.
Why you own REVO shares is irrelevant, Notimpressed.
What is relevant is that the SEC caught REVO directors, red-handed, engaging in fraudulent misrepresentations.
When the SEC took action against REVO it confirmed that the stock is a scam, run by directors who have acted fraudulently.
The SEC intervention, and it's results, were accurately predicted.
Simple.
REVO directors have abandoned their other shareholders.
According to the company's most vocal spokesman:
Eyetalk365 claims to own REVO patent rights.
According to you:
No public entity holds more than 10% of Eyetalk365.
According to you:
REVO directors have ignored and abandoned shareholders, johnnie.
REVO is inactive. It does nothing.
A dead stock walking is ghoulishly fascinating, dehart.
Being #10 on the break-out board will not revive a dead stock.
Some REVO shareholders are easily misled
They are willing to believe that auditors set REVO's corporate strategy, issued unreliable press releases and executed fraudulent contracts.
The SEC were not so easily fooled, and held the directors responsible for the misleading, unreliable, and essentially fraudulent, actions they did in the company's name.
The Auditors, by contrast, have not been suspended by any professional body or regulator. They remain fully certified to audit public companies, and continue to do so.
The more reading about the REVO scam, the better.
Newcomers visiting the site will soon see that REVO was identified as a scam stock from the start, and that the SEC now shares that view.
REVO does nothing, anyway. It's a dead stock walking.
According to court filings REVO patents have been assigned to Eyetalk365 LLC.
All activity is now under the diguise of that LLC.
The public company has no auditors, and makes no filings.
REVO directors are simply waiting for the, inevitable, revocation of REVO's registration as a public company.
Some REVO shareholders are willing to be misled
And speaking with REVO directors is a sure way to be lied to.
REVO where caught red-handed, and blamed their auditors.
REVO directors answered, "It wasn't me" when the SEC caught them, red-handed, engaging in fraudulent activities.
For some "It wasn't me, it was the auditors" amounts to answering the SEC questions. To you, me, and most others, it explains why the stock was suspended, the shares became worthless, and the REVO directors are toxic.
Nothing stops directors sucking up any REVO income.
There's no court decision on REVO patents, endlich
Still nothing indicating the value of patents, johnnie.
You've neatly summarized the REVO investment mess, goodboy.
The REVO mess neatly, and realistically, summarized Samurai.
No share quotes.
No cash.
No accounts.
No Auditors.
No shareholder power.
Nothing.
Texas Gulf Oil and Gas was incorporated in Georgia.
It was formed by the same attorney that formed Ali's other companies. It remains 'active' but it has never done anything.
But, there'll be no divvvy for REVO stockholders.
Here's the bottom line: there will be no return on "investing in the patents" if 'Honest' Ron and his cronies keep silent on the proceeds (if any) received from the settlements and/or licenses they may (or may not) have.
Shareholders will be left in the dark, because: settlement details are covered by NDAs; REVO won't file any accounts; and Eyetalk265 isn't obliged to file its accounts.
Simple.
Unfortunately, your assessment could be right T4T.
So, the REVO debacle is 'honest' Ron's responsibility.
Solomon Ali is in the clear.
I wonder if the SEC will see it that way?
Rainco controls REVO, and Solomon Ali controls Rainco.
Ron Carter issued preferred shares to Rainco, when REVO 'bought' Greenwood.
The terms of those preferred shares limit the decisions REVO directors can make without the permission of Rainco.
Solomon Ali uses his control of Rainco to control REVO.
Simple.
Licensing negotiations are unlikely, Peggy, fraudulent or otherwise.
REVO directors have a history of hiding inconvenient truths behind convenient Non Disclosure Agreements.
It's all about the patents - and the fraud.
The patents have only 'hope value'. There's absolutely no evidence that REVO received anything from the settled infringement cases.
By contrast, REVO directors have admitted that they issued 'unreliable' statements and accounts, which supported huge increases in the share price.
There's nothing of value there for any credible buyer.
HOWEVER, it is likely that there will be a sale of the patents to Eyetalk365, or some other company under the effective control of Ron Carter and Solomon Ali.
A sale of the patents will leave ordinary REVO shareholders with nothing, because...it's all about the patents.
Of course there's no news on settlements, johhny.
All details of any settlements are hidden behind NDAs.
The court monitoring has nothing to do with it.
It's been the better part of 6 months since the settlements.
Perhaps they're still negotiating?
Or perhaps the NDAs are being used to hide bad news?
The longer 'negotiations' continue, the more likely it is that the NDAs are being used to hide bad news.
Believe it or not, there is verifiable proof. And that proof all points to REVO lying to shareholders.
Take, for example, the belief that
No income from settlements has been proven.
No-one expects Eyetalk365 to report royalties received, CEO.
The patents are as worthless as the Directors, skeet
Eyetalk365 have said nothing about licensing deals, CEO.
Settling claims for peanuts makes REVO worthless, skeet
Honestly Unreliable Ron is a proven liar,Trollin.
Do you believe Bongiovanni is working with UBRG, Wilma?
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'.
Your simple 'explanation' doesn't identify $900k revenues, notimpressed
I could agree with you on this, Notimpressed
Cancelling an imaginary $900k 'debt' doesn't create revenue.
Ron Carter and Solomon Ali created a $900k 'debt' by issuing REVO promissory notes to themselves. There was no cash involved.
Then Ron Carter and Solomon Ali let Eyetalk365 'cancel' that $900k debt. There was no cash involved.
Creating, and cancelling, an imaginary debt does not create revenue. But claiming it as revenue was one of the reasons the SEC gave for suspending REVO.
It's all very simple, and straightforward.
Drs Solomon and Carter are killing their patients, goodboy.
The unreliable twosome are like doctors of old, who treated patients with blood sucking leeches.
It's about patents, which are held by Eyetalk365.
Court documents show that Eyetalk365 now has effective ownership of the patents.
Eyetalk365 has no SEC reporting obligations, and won't report what (if anything) was received in any of their settled cases.
Ron Carter and Solomon Ali are the only REVO shareholders who know what Eyetalk365 is doing, but Unreliable Ron and Slippery Solomon will be reporting none of this to their loyal shareholders.
Holders of Ordinary shares should be concerned by the secrecy about the patents.