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Regretfulone should quit trying to defend the indefensible.
Ali could not have carried out his indefensible frauds on REVO shareholders and investors without the full co-operation of the REVO CEO.
The REVO CEO knew what was going on.and it is indefensible that he went along with it for years.
He developed regrets after Ali ditched him.
Simple.
.
REVO shareholders have no direct interest in patent income.
The SEC evidence shows that in 2013 Carter and Ali gave Eyetalk a 60% interest in REVO patent income.
And in 2016, Carter assigned REVO’s remaining 40% interest in patent income to R. I. Holdings.
These two transactions left you, as a REVO shareholder, with no direct interest in REVO patent income.
Ron Carter was a party to all of the actions that destroyed REVO.
The SEC is charging the architect of these actions (Solomon Ali) with fraud.
The SEC evidence shows that the REVO share price was manipulated for many years. Any underlying share value was destroyed when patent income was transferred to Eyetalk (60%) and RI Holdings (40%).
Did Ali sacrifice more than Carter for REVO?
Eyetalk was used to 'pump-and-dump' REVO shares.
Eyetalk was created to defraud REVO shareholders, endlich0.
You are correct, endlich0. REVO shareholders were defrauded.
Eyetalk365 shareholders are receiving REVO patent income. Dishonestly.
Solomon Ali and Ron Carter, dishonestly, created Eyetalk365
Eyetalk365 shareholders are better placed than REVO shareholders.
The SEC has confirmed accusations first posted here.
The facts are that Carter and Ali were in this thing together, until December 2016.
It is impossible to believe that Carter knew nothing of what Ali was doing before that time. This is what his good friend has pointed out, in Carter’s defence:
The SEC had Solomon Ali in their sights.
I don't have direct insight to their thinking, but I do know that Solomon Ali had been the subject of previous (inconclusive) SEC investigations. It's a pretty sure thing that Ali was the prime SEC target.
The SEC went easy on Ron Carter for a number of reasons. On a practical level: he is a 'man of straw' with limited assets; and was merely a pawn in Ali's hands.
Let's be clear. Carter was a willing pawn. He went along with frauds designed by Ali, so long as they were to his personal advantage. He did this knowing that those frauds were against the interests of investors and other REVO shareholders.
Maybe the biggest reason the SEC have not pursued Carter is because he gave up information on Ali. To borrow from the post of Ali's good friend
Ron Carter and Solomon Ali betrayed REVO shareholders.
SEC evidence shows that Ron Carter and Solomon Ali struck a deal to suck REVO dry of income and profits.
The evidence includes details of their actions between 2013 and 2016.
It shows that in 2013 they transferred 60% of patent income from REVO to Eyetalk365. Eyetalk365 was their private company.
Then, in 2016, they transferred the remaining 40% of patent income from REVO to RI Holdings. RI Holdings was Solomon Ali’s private company.
These fraudulent actions were taken while Ron Carter was CEO of REVO.
Here is the SEC evidence:
Here's what the SEC report makes clear.
1. Ron Carter and Solomon Ali, together, formed Eyetalk365
2. They formed Eyetalk365 to receive 60% of income from REVO patents
3. Then they arranged for Eyetalk365 to get the remaining 40% of income
That is why income from patents goes to Eyetalk365 and not to REVO shareholders.
To make things worse:
5. Eyetalk365 uses most of the patent income to pay interest on loans
6. That interest goes to Solomon Ali.
Report to REVO shareholders on the RCI business.
Don't come here with crocodile tears for shareholders.
Stop blaming everyone but yourself for the mess that you've created.
Give shareholders information on the RCI business success.
Help shareholders sue for disgorgement.
Don't forget that the SEC investigation was into fraudulent actions undertaken during your time in charge, and with your full knowledge.
It's time Ron came clean on infringement settlements.
Ron knows about the patent infringement settlements. He should report what he knows, to shareholders.
From that information I'm certain we could make an accurate estimate of what income is being generated from the patents.
REVO: a tale of insecurities, greed and regrets.
Ron Carter had an idea for a product, but no idea how to develop it as a business.
Insecurities
Worried that he might lose 'control' Ron refused help from people who were ready to set up, and build, a business.
No-one tried to take his business away. Ron has never had a business.
Greed
Ron wanted others to build a business but wanted to keep 90% of the company stock for himself.
Ron willingly accepted Ali's promise of millions because it came with a promise of continued control of REVO stock. He did this despite warnings that he was being scammed.
Regrets
Ali carried out his scam, on REVO shareholders, with Ron's willing collaboration.
Ron discovered he was surplus to requirements when he was dismissed.
That's also when he discovered that he had given away the company's patents, for very little in return. And became the Regretful one.
There could be a civil action for disgorgement.
There could be a civil action for breach of fiduciary duty.
Whether such actions are worthwhile depends on how much is being fraudulently diverted to Eyetalk.
Why not ask Ron for the details?
Carter sued his previous attorneys for legal malpractice.
He sued because the attorneys did not file for international patent protection. He was assured he'd win millions in damages for loss of profits.
The case was hopeless. The case was lost.
This means that no infringement action can be taken in Germany.
Eyetalk has taken (and settled) 'infringement' actions only in the USA.
It would be useful if Skeet and/or Ron could tell us how much Ali has made from those infringement cases Eyetalk has settled in the USA.
Ron was warned that he would be fleeced, and end up with nothing.
He was warned of what would happen, and precisely how it would happen.
He chose to reject that advice, and rely, instead, on false prospects raised by his legal advisor, James Harrington; and his stock advisor, Solomon Ali.
Harrington raised the prospect of millions from winning a law suit.And Ali promised him millions from a REVO stock scam.
In the end he got nothing from the (hopeless) law suit. And Ali pocketed the proceeds of the stock scam.
Sad, but true.
REVO owns patents, but Rainco owns patent income.
REVO sold all rights to patent income to companies, and personal Trusts, controlled by Solomon Ali and 'Honest' Ron Carter.
REVO may 'own' the patents, but REVO shareholders have been defrauded of any patent Royalties.
Your investment is dead.
Looks like 'Honest' Ron always misled you Skeet.
The SEC has confirmed the truth of all the allegations in my posts attacking REVO, Solomon Ali, and Ron Carter, over the years.
They confirm that REVO was never as good an investment as your friend 'Honest' Ron told you it was.
The SEC case proves the truth of facts first posted here.
The SEC checked on every allegation posted here over the years, and showed them to be true.
Simple.
Ron Carter will not support a class_action suit.
'Honest' Ron Carter will not fight on behalf of REVO shareholders. His only concern is to get back some of what Solomon Ali has taken from him.
'Honest' Ron has no interest in supporting legal action to 'make good' REVO shareholders, because he and Solomon Ali would be defendants in the case.
Eyetalk will not pursue patent infringement in Europe.
Let me repeat some simple facts:
1. Ron Carter sued his attorneys for their failure to get patent protection in Europe. He lost the case. He appealed the decision. And lost the appeal.
2. No company exports Eyetalk patented 'products' from the USA - because no such product exists.
3. You were warned, time and time again, that you were being scammed, and would lose your 'investment'.
Eyetalk receives no patent royalties from Germany.
Because REVO has no patent protection outside north America.
Will Ron Carter be a plaintiff or defendant in any class action suit?
We are being told that Ron Carter regrets what was done to REVO shareholders and investors, that Solomon Ali should not benefit from scamming them, and there should be a class action suit to set things right.
Ron has a simple choice to make.
He can either provide evidence of what was going on, and support the class action, as a plaintiff, against Solomon Ali.
Or he can continue to plead ignorance of what was done in his name, and obstruct the class action, as a defendant, with Solomon Ali.
His regrets will be exposed as hollow and self-serving if he continues to plead ignorance of what was going on.
Over to you, Ron.
Ron Carter's main regret is having been out-scammed by Solomon Ali
He was warned, many times, that Solomon Ali would, eventually, take away his business. And he was told, in detail, the methods that Solomon would use to do it.
Ron Carter's true regret is best expressed in his own words:
The NC courts say Carter assigned ownership rights.
If Carter owns the patents REVO owns nothing.
There's no interest in this stock. It's dead.
SEC actions deliberately sucked all liquidity from the shares, and made it impossible for the directors to pump this gray stock.
Those left holding shares have nothing but high hopes of 'things going on secretly in the background', shares that are hard to sell, and losses they'll not recover.
No money paid to REVO, under the agreement with Eyetalk365, will get to REVO shareholders. It has has been diverted, to pay loan notes issued by the directors.
There's no evidence that Eyetalk365 is paying any of the 40% royalties due to REVO. And REVO isn't about to sue them for breach of contract.
But, if you disregard all of the above, REVO is a heck of a stock to be invested in.
Blaming the auditors is pathetic, and wrong, ceobillionaire.
The auditors did not issue misleading PRs issued by REVO.
The auditors did not prepare misleading 8Ks issued by REVO.
The auditors did not produce misleading 8Qs issued by REVO.
Neither FINRA nor the SEC have taken any action against the auditors.
The auditors have not closed their doors or run away. They continue as auditors. What's more they continue to be shown as auditors of another company associated with Solomon Ali.
The REVO scam was concocted and carried out by REVO directors. The auditors had nothing to do with it.
Simple.
Sumdude summed it up. Some others should take heed.
'Honest' Ron has decamped to Eyetalk365 and left REVO to the gentle mercies of established scam artist, Solomon Ali.
REVO shareholders have been left hold worthless and illiquid shares.
There is no prospect of REVO shares becoming liquid, because the company has no auditor, no accounts and years of unreliable SEC filings.
There is no evidence of Eyetalk365 paying REVO any income from patent royalties or licenses. And REVO has no capacity to sue Eyetalk365 for breach of contract.
There will be no dividends to REVO shareholders.
REVO is an irrelevant shell, which doesn't need a CEO, because everything is being done through Eyetalk365.
And all of this was predicted.
Everyone knows Eyetalk365 owns 60% of REVO patents.
The assignment gave Eyetalk365 60% ownership of REVO patents.
There's no point denying that Eyetalk365 has ownership rights in the patents, and is not merely a Licensee.
The proper focus should be on what has happened to the 40% income due to REVO shareholders.
Where's the money that Eyetalk365 owes REVO?
Patent rights were assigned by Carter and REVO.
You've proved that you don't understand patents, riskreward.
You clearly don't know what assignment means in patent law.
Read the USPTO site.
Find the difference between licensing and assigning.
Note that Ron Carter never sold the patents to REVO...he assigned them.
Do you contend that REVO never had patent ownership rights because Ron Carter only assigned rights? I doubt it.
Your claim is that REVO owns the rights, but REVO never bought the rights.The ownership rights were assigned.
A patent assignment transfers ownership rights.Period.
That is stated, more than once, in the quote on which you rely. So, the quote you're relying on doesn't support your conclusion on the transfer of patent ownership rights by REVO.
Here's your conclusion:
You've no proof if you're relying on PRs.
Eyetalk365 assignment left REVO with nothing to sell.
Where's the money that's owed to REVO shareholders?
REVO assigned patents to Eyetalk365 in September 2015.
USPTO shows that REVO's assignment of its patents to Eyetalk365 was effective from September 16 2014. Go to the USPTO site and take a look.
Follow the link below, and enter patent number 8,164,614 in the search.
Source: http://assignment.uspto.gov/#/search?q=7193644&sort=patAssignorEarliestExDate%20desc&synonyms=false
SEC filings show the Licensing Agreement between REVO and Eyetalk365 was amended on September 16 2014. It was that amended agreement which made the assignment effective.
Source: https://www.sec.gov/Archives/edgar/data/1320767/000137647415000029/revo_ex10z10.htm
Here's what the USPTO says about patent assignments