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Ok guys here is a big update some good some very bad and some so so
It has been told to me that about all the SEC is going to do is fine Ali about $157,000 dollars for what he has dome they are still deciding if he will except this. On the area of us the shareholder suing him that has not worked out . We could not raise the amout to start, these lawyers wanted money up front . So this also is very bad. NOW FOR WHAT COULD BE GREAT NEWS. i HAVE NO PROVE , but i was told by a good friend. That one of the people who lost a lot of money has been waiting to see what would happen with the SEC case. Since it has not worked out so good he , Has contacted a friend of his who works in the " FBI " . The sec has turned over all the things that they have and information and it now is being investigated in the Charlotte office of the FBI. They are looking into charging him with fraud , which if convicted he would do jail time , I dont think at this point we will get any money but we might get control of the patents back . Which is were the money could be made from
If i hear any thin else will let you know
Hey guys don't want to rain on your parade. There was an issue with the original patent lawyer, we tried to sue him over it way back when. When he filed the patent he only put for the USA . So we don't have world wide patent. It was thought of at the time there would be enough here in the states to sue and make money off of that. Sorry but just wanted to let you guys know
I will if any one would like to help with the money to pay for this new attorney group let me know here and we can figure a way to get you in touch
Ok here is what i know . Some of it not so good. Ali has hired a bunch of new attorneys and they are at a stand still. The government is doing what it can to fine him but i dont think he will ever do any jail time . I know this is not what we all wanted. A fine does nothing to help the share holders. I wish i had better news on this part but i think we are going to have to get used of him not going to jail.
They one bit of good news is that i and some of the original people that bought in with our $5000.00 dollar investments way back when and some of the share holders on record have been approached, by a huge law firm in Atlanta that must be nameless at this point to go after not just Ali but all the members of the board. They want to sue them for all the cash and to get our patents back to us. To me this was where we were going to get some satisfaction and maybe to get our money back. When i know more will let you guys know. I will say this they were very impressed with the case that the government has against the board . Not just Ali. In my mind if all these people are sued some one will break and then testify for our side and spill the beans. This does not include Ron Carter
I will keep you informed the more i know
One thing that a lot of people don't know . We keep on getting more
patents , I believe there is 10 or 11, I cant remember these are also worth lots of money but Ali never looked into them . So we can look into that also
I posted the last thing that i heard sorry don't know any more
Hi guys you know more than me at this point
Hi this is the last i heard
Hi Scott,
Last I heard the SEC is to present its remedy by July 23rd and Solomon has until August 8th to respond. I never heard of the defendant having a say in his conviction. That's the last thing I have heard. We've been encouraging Harry not to weaken in his position. Send him an email or call him if you get a moment.
This is the last i heard
Hi Scott,
Last I heard the SEC is to present its remedy by July 23rd and Solomon has until August 8th to respond. I never heard of the defendant having a say in his conviction. That's the last thing I have heard. We've been encouraging Harry not to weaken in his position. Send him an email or call him if you get a moment.
I was out of town last week and Ron sent me a ling to this. I am sorry it made me want to vomit. I have been dealing with this for about 15 years put my life savings in it and to see what this man wrote . It just made me mad and sick. Surely there will be justice against this man
Hi i heard from Ron today . The case got continued to June 24 . Solomon has hired two big time firms to try and fight for him. This is just another stalling tactic to put it off longer. So the judge wants to give them time to look over things. So Ron's message is to call or email the lawyers for the SEC and tell them to keep up there good work and encourage them . So i am going to do it again .
Take Care
They work in the Atlanta office
Lead is first The SEC is represented by H.B. Roback, Lucy Graetz, William P. Hicks, and M. Graham Loomis
I don't have one that i could give out sorry. The latest new that i got from him was this. The dead line came in Atlanta , so the judge gave a 30 extension to let them look over the case. I would suggest that any one here contact the prosecuting attorney and tell them not to give up. Let them know who you are and how this has affected your life and your cash. Give them encouragement. It helps them to know there are real people out here hurting because what he did to us. If you go to the court documents and see who they are. You can leave them a message they don't usually answer the phone. Good luck to us all
Yes part of what the judge said was that they through out Ali counter suit against the government and against Ron Carter.
So Ali is appealing that part but not any of the rest of it . So that is good for us . This is just a delaying tactic . He know he is guilty of the rest so the longer he puts it off the better for him. I just hope they can find the money when this is all over and we get the patents
The trouble with all this is we dont know how much there is if any.
Some one told me they saw an email or text or something where he was bragging of making Millions on the settlements. The problem is once they settled with him we could not get money again. I still thing there are lots of companies still using what we have.
But lets not fool ourselves he is a crook but a smart one also.
He has had all this time to hide the money or laundry it I dont think it is in a bank at Wells Fargo he is not that stupid.
It is slow steps maybe we get something maybe not. I want him in jail , but i would rather have some cash and him free than no $$$$$$$.
We have waited this long i can wait a little longer.I can maybe call the guy i know at the SEC in a week or so and see if he know anything more.
Every one stay safe
Great news i believe. There looks like no trial now. The judge has ruled in our favor. So now they have to work out damages to us the share holders. I hope they take it away from him all the money he has maid. If we can get our hands back on the patents that is where the money is. There is no telling how many people he has settled with in the last years.
I hope he goes to prison but i would rather have the company back , In some ones hands for us even a trust firm to get it away from him. I think this is such good news. I have my life savings in this . I am still having to work because of it
And this happened much faster that i thoght
I am sorry sir where did you get your information did you talk to the prosecutor. Maybe he told you more that me. The first thing is he has to be found guilty of the fraud. Then we can go after him for the assets.There are several in the works but if he is found innocent there would be no reason to sue him and waste the money
I asked him several questions along that line. He either could not tell me or did not know. At this point he is just being tried for false statements about the stock that caused the people to buy it. I asked him about the money that he has made since he has taken over. He could not really tell me. I asked if Ali took all the money and hid it some where in a foreign bank could we make him give it back to us. He was not sure how that would be done. It sounded like the first step is to find him guilty of all the things that they have presented to the judge and then go from there. It must be a lot of different things that the judge would have to rule on. Once that is done then they or we would go after the money and the owner ship of Revo. So it is still months and years away, my thought is if they find him guilty on a lot of these things he may try to work a deal so he does not have to go to jail for a long time to try to make the share holders whole again. Or if we were really lucky put it in a truest that the government would keep an eye on. Then try to help the stock holders. He said he would send me an email if there is any new or when the judge makes his decision
Hey guys i know it has been a long time.I talked to lead attorney for the prosecutor today. I had emailed and left him messages , He said that at this point it is up to the judge. They have laid out the case for us and have submitted all the paper work to the judge. Of course Ali has submitted paper work that says he is innocent. So if the judge rules for us then there is no trial. If he rules for Ali then we would have to have a trail with a jury. So they are just waiting for the judge to decide.
He said with every thing shut down now it would be weeks to months he just does not know. Thats all for now
Here is part of it it is 66 pages long
am a Vice President of Charles River Associates, an internati
onal consulting firm
dedicated to advising clients and counsel in the areas of busin
ess valuation, licensing, and litigation
support services. I was retained by the Securities and Exchang
e Commission (“SEC”) as an
independent valuation expert to review allegedly fraudulent act
s carried out by Solomon RC Ali.
The following summarizes my conclusions to date.
volutionary Concepts, Inc.’s acquisition of Greenwood Finance
Group,
LLC -
On December 7, 2012, Revolutionary Concepts, Inc. and Rainco
Industries, Inc. entered into a Member Interests Purchase Agree
ment through
which Revolutionary Concepts, Inc. acquired Greenwood Finance G
roup, LLC,
which was at the time a subsidiary of Rainco Industries, Inc.
1
Mr. Ali and
Revolutionary Concepts, Inc. fa
iled to disclose the related par
ty-nature of
Revolutionary Concepts, Inc.’s acquisition of Greenwood Finance
Group, LLC
from Rainco Industries, Inc., which is important information fo
r investors and
potential investors to consider when making an investment decis
ion. Investors
should have this information so they can properly evaluate the
significance of the
transaction because related party transactions may not yield ar
m’s-length results.
Also, I have seen no evidence or documented valuations that sup
port Mr. Ali’s
public statements that the acquisition could be valued at great
er than $15 million.
Finally, any valuations performed by Mr. Ali of promissory note
s owned by
Greenwood Finance Group, LLC and
issued by trusts settled by Mr
. Ali and of
which he and members of his family are beneficiaries, represent
s a conflict of
interest which would undermine the objectivity of those valuati
ons.
?
Revolutionary Concept
s, Inc.’s patent license agreement with Ey
etalk365,
LLC -
On February 10, 2014, Revolutionary Concepts, Inc. entered int
o a patent
license agreement with Eyetalk365, LLC through which Eyetalk365
, LLC
obtained exclusive, worldwide rights to six granted patents and
one patent
application owned by Revolutionary Concepts, Inc.
2
Mr. Ali and R
Not that one i tried to put a link to it but could not sorry.
This was a report that the SEC Had some one do to use in court. It listed every thing that Ali said . About the press releases , and then showed how after every one the stock would rise a little and the volume was very high. Then it showed how every thing in the press release was not the truth . If you are on our side it was a sight to see to watch this guy tear him apart. If you read this you would know how guilty he was . I will try again to see if i cant get it on here some how
I hope so also. I have seen the report that lists all the things he has done . It is very damning to him. Also if he is found guilty , Then when the share holders have our trial it should help to try to get our money back. Maybe the SEC will make him give it back to us and Ron who knows
A small update. The trial is set to be some time in July in Atlanta
Do you know Ron sir have you ever met him.
Or are you going by what has been put here. If you go on line and read what the SEC has charged Ali with and the rest of the board. Mr Ron Carter's name is not listed at all. Ron is not perfect, The only thing i wish was that he would have looked into Ali past more.
Just a small update , The SEC has given a certain person we all know his name till the middle of June to go over all the things they have against him and to decide weather to admit guilt or go to trail.
So where did you get your figures
Yes Ron has talked to them several times. He is like us Ali stole it from him also. I am like most of you would like it put back before we ever new Ali and all the people that he has settled with we should get the money. If we would just get the money from now own we would be rich.
So far and from what i have seen no one once they see the patents and then look who has all ready settled does not seem to want to take it to court and ends up settling with us.
Tried to find on face book what is it listed under
Look guys this is not just me . I have had a very little part in this.
Believe it or not my long time friend has had a lot to do with it getting this far .He spoke with people and told the truth about what happened . So that is also a reason it has gone this far. I think Ali is the true criminal here. Not Ron.
I dont know but i would hope so. In my opinion is it should be taken away from Ali and the company put in a trust of some kind and then let the moneys go to the share holders . This is the criminal trial . Which deturmens how long Ali goes to jail. The other trial where we sue him for damages would maybe get us some cash also. We will just have to wait and see
Hey guys I have spoken once with the lead attorney in charge of the case against Ali. I also sent him all the paper work i have on Revo since the start. He is supposed to call again after he reviews all my information. Also today i got a copy of the report that was made by this man. EXPERT REPORT OF BRIAN M. DANIEL, ASA, CFA, CLP . He was hired by the SEC to look through all the information and things Ali said and did since joining Revo. I tried to post a link but could not find the link to post here. It is 65 pages long has all kind of facts and also he interviewed Ali. To put it short he nailed it. He took down every thing Ali did and how wrong it was.He hit it out of the park.
With this information given to the court i think Ali will be found guilty on all charges.
More when i get it . Sorry i cant respond to PM
Hi sorry for no post . Couple things we are in the process of the next step with the stockholders part very soon. I am also told that the SEC case against Solomon will be heard hopefully in the Spring.
The company is doing great with more settlements with companies .
I hope that some day soon us shareholders will be able to get to some of this money that they are making. To date just about every one of them have come to a settlement . Not one has decided to take it through the court system. I know i am the only one but i still have hope that some day i will be able to get some of the $$$ that this company is making . It belongs to us shareholders.
I am not sure when he came i could look it up. Basicley we the share holders would like to go back in time . Till before he came and got involved before Greenwood before the shares were converted before Ron was kicked out. That just seams the right place to go back to . That is me talking and what i read in the Demand letter. With the SEC also after him for criminal activity. They only want what is best for the share holders , and a time before he came with all his BS and getting the company away from Ron and the share holders is what we are trying to do. Also trying to get back the money that is rightfully ours. They have settled with lots of companys. No one at this point has gone all the way in court. The patents are so strong not one company has not settled . So there are lots of them to still go after.
No sorry i for the misunderstanding . We the share holders are asking for damages from Ali and the 6 board members 1 million dollars. Plus a lot of other things that we are accusing them of doing. So what we would like is every thing to do with Ali be thrown out and every thing given back to the share holders. Yes we the share holders want back all the money that has been made
SHARE HOLDERS PLEASE READ. Ok i am not a good writer or speeller .
So be nice. This is what i know . In Nevada where our company was formed , before you take some one to court you must send out a demand letter to the defendants . This lets them know what is about to happen to them and gives them a chance to agree or make an offer to us. This was sent out on Friday 9/07/2018 from our attorney . There is a total of 6 people that are in the Demand letter . There are a total of 9 demands in the letter , that are our complaints against Ali and the board We are also seeking $ 1,000,000dollars worth of damages from those 6 people. I am not a lawyer but from what i am seeing here. We want it to be put back the way it was before Soloman Ali ever cam into the picture. That would be the way to give some help to all the investers. They have until October 22 to comply or face a law suit. At this point this is the first step. We will see what happens if i here any thing else and i am aloud i will put it here
This was not with that petition i dont think. Think about who has control of our pattents . They want this to get to the bad people before it is public news. Since this company home state is Nevada you have to do the process how they want it done. It still does not mean we will ever see a penny , but this is a start, maybe some day we will get some thing back for our money
What a lot of people like somedud has been saying should be done. It is the start of a process to get satisfaction for the share holders
Did you not get email today to let you know whats up
Hi every one the first step was taken today .
Well be able to let the cat out of the bag middle of next week.
This is a great sign for the good guys.
I hope this is the first step in helping all the share holders
I have that is where i am getting all the info we are friends