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I repeat: REVO hasn't had formal shareholder meetings,skeet.
And your posts are helping me prove it.
Your definition of a formal meeting is, frankly, hilarious:
Sounds exactly like Solomon Ali speaking, Not impressed.
The problem with your post is that it is nonsensical.
Ron Carter and Solomon Ali have been careful to retain majority control. They can do this without majority ownership.
But you're free to believe whatever you choose to, and from whoever you hear it.
The patents can be sold at any time.
Any decision on selling the REVO patents is entirely in the hands of Ron Carter and Solomon Ali. They can sell the patents out from under other shareholders.
The point you're making is irrelevant, skeet
There's no need to email details, skeet.
Why don't you just post the dates of any meetings you've attended since 2011?
And what matters were shareholders invited to vote on?
Does anyone here know who REVO shareholders are?
How come only skeet gets invited to meetings?
Do you know if any other shareholders have been invited to attend REVO stockholder meetings?
Have you?
What, you mean REVO shareholders are powerless, Lucky?
You mean shareholders are powerless to stop Carter and Ali selling the REVO patents at any time, at any price and to any of their associates?
Please, say it aint so.
Company insiders do have the controlling interest, Brad.
REVO has never held formal shareholder meetings and no matter has ever been presented to a vote of shareholders.
Here’s an extract from a section 14 statement filed by REVO in October 2011:
Many have relied on false statements about REVO
REVO patents are ineffective in Canada.
Eyetalk365 will receive no royalties on income, of Alarm Force, from Canada.
Those facts make it impossible to figure out that a 5% fall in the consolidated profits of Alarmforce is attributable to a 5% royalty payment to Eyetalk365.
A correction.
I was wrong in stating that "The most recent accounts of Alarmforce cover Q1 (January - April)."
The most recent accounts of Alarmforce cover Q2 (April - June)
Alarm Force issued a PR which included the following:
I agree with you on one point, Notimpressive.
I agree that no NDA can prevent Alarmforce reporting royalty payments in their accounts.
Total rubbish. Desperately unimpressive.
The settlement between Eyetalk365 and Alarmforce was in April.
The most recent accounts of Alarmforce cover Q1 (January - April).
It's pointless calling Ron, skeet, because he lies.
The Truth will expose the manipulators.
'Honest' Ron Carter can issue public statements, skeet.
Is 'honest' Ron Carter under SEC investigation, skeet?
What do you mean when you say that Ron Carter can't say anything at this point?
Why would REVO hide good settlement terms, alerted?
There's no need to take REVO private, cruz
Ron Carter and Solomon Ali can take the patents private
I certainly wouldn't advise defaulting on SEC filings.
I don't know why REVO didn't file their accounts. But I doubt it was to hide royalty income from Eyetalk365.
By the way, the settlement with Eyetalk365 didn't prevent Alarmforce filing their accounts for Q1.
And the Alarmforce accounts made no reference to any significant change in costs as a consequence of any current (or concluded) litigation.
I doubt that the Alarmforce accounts for Q2 will show any significant increase in their royalty costs or costs of sales.
Here's a link to SEDAR, if you want to check.
http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00000139
REVO didn't file for tactical reasons, really?
The idea that REVO preferred to go delinquent on SEC filings than post details of their income is interesting.
Nobody but the directors forced REVO into default, radar
The SEC suspended share trading because REVO directors engaged in questionable activities and, deliberately, failed to file.
And the SEC action has no impact on any deal between REVO and Alarm Force.
There is absolutely nothing preventing REVO management from reporting what the settlement with Alarm Force is worth.
There is absolutely nothing preventing REVO management from getting their filings up to date.
So why don't they do either of these things?
Shareholders shouldn't worry, if REVO management are honest...
If you believe that REVO management are honest and above board then you need not doubt that they'll share all, of any, proceeds from the patents with REVO shareholders.
The suspension of share trading doesn't prevent Carter and Ali distributing income earned from the patents, by paying dividends to REVO shareholders.
Only if you doubt the honesty of Carter and Ali would you conclude that shareholders have been screwed out of their money and Ali and Carter will do just fine.
Don't invest what you can't afford to lose.
If you're broke that's because you didn't take heed of warnings that have been posted here for the past 5 years.
My speculation is based on evidence and precedent.
Your valuation of the patents is based on no evidence, and is contradicted by what has gone before.
Get your facts straight.
This is a direct quote of the post you accuse of referring to 'inactive' companies.
What's 40% of $25m, ceo?
If you do the math you'll understand the point.
REVO gets $10m from a $25m valuation.
REVO shareholders get nothing from a patent sale
If REVO sells the patents to Eyetalk365 the patents will be owned by Eyetalk365. The patents will have been taken private, and REVO shareholders will no longer have any interest in them.
It's true that REVO shareholders need not sell their shares. They could hang on for a dividend distribution of their share from the Eyetalk365 payment.
The problem is, of course, that there'll be nothing left, for distribution to REVO shareholders, from the Eyetalk365 payment.
Hang on to those shares, though.
Who says the patents are worth billions, cruz?
REVO will soon sell patents, and go private.
Those holding on to REVO shares, hoping to share in any increased patent value, will be disappointed.
Some now wish they'd heeded the warnings.
Those who accepted REVO as a manipulated stock, and flipped it, made money.
Those who held on to shares, in the belief that REVO was a genuine stock, lost money.
Those who heeded the warnings that I, and others, posted flipped the stock.
Those who did not heed those warnings were left holding the stock when trading was suspended by the SEC.
Here's another warning: the value is going to be stripped out of REVO, and diverted elsewhere. REVO shareholders will be left with shares in a worthless company.
REVO shares were for flippers.
Solomon Ali is less likely to put out 'news' stories, on which the flipping relied, now that the SEC is looking over his shoulder.
I don't want REVO shares. They're pretty worthless.
Your REVO shares are safe from me. I'll not be buying them.
Let's wait to see if there is any more news, from REVO management, of a buy-out or recapitalization of the company.
Let's wait and see if REVO management releases any news from which it is possible to place a value on the three settlements won to-date.
Let's wait and see if REVO management file any accounts.
Then we'll see what value remains in those shares.
Eyetalk365's 60% interest for $900k was cheap.
Irrespective of what REVO patents may or may not be worth the fact is that REVO shareholders will not share in their value.
It may appear that REVO directors 'sold' a 60% interest in the patents to Eyetalk365 but in reality they simply put 60% of the patent value out of reach from REVO shareholders.
No-one in their right mind believes that Carter and Ali sold a 60% interest in future $billions for less than $1m.
That 60% interest they 'sold' now sits in a private company formed by an associate of Ron Carter and Solomon Ali.
The remaining 40% interest can be stripped out of REVO in precisely the same way. Carter and Ali simply have to agree a figure (say $10m) and conclude the deal.
That's how REVO patents get 'sold' cheap.
REVO patents have never been valued, cruz
The directors can attach any value they wish to the patents.
The directors reported that they were negotiating to sell the patents for $45m. Then decided to grant a 60% interest for less than $1m.
So, the directors can attach any value they wish to the patents.
The patents have a high hope value, ceo.
The patents could be worth billions of dollars at some point in the future. Who knows? That depends on many things that might, or might not, happen.
Those risks justified the sale of 60% to Eyetalk365 for $900k. And some shareholders praised that as a good deal.
If the patents are sold before any other infringement claims are made or settlements concluded an actual patent value of $10m for a 40% interest is easily justifiable.
Carter and Ali can use their control of a majority shareholding to do a buy-out deal, with Eyetalk365, without approval from other shareholders.
The associations between Carter, Ali, and Eyetalk365 mean that they will be holding the patents. If they then want to sell the patents for $billions to a 'beast of the industry' there would be nothing to stop them.
REVO shareholders will have been bought out, earlier, for $10m. Those shareholders will receive a share in what's left after Rainco has taken $10m to cover debts, interest and other charges.
Patents will be sold on the cheap, ceobillionaire
As I've said before, it's unlikely that REVO patents will be sold for much.
REVO patents will be sold on the cheap.
The precedent has been set.
Ron Carter and Solomon Ali told shareholders that they were 'negotiating' sale of the patents for $45m, immediately before they sold a 60% interest for less than $1m.
No-one knows what Eyetalk365 is interested in, ceobillionaire.
REVO has always spoken on behalf of Eyetalk365.
But, let's assume that Eyetalk365 is only interested in licensing and royalties: