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Yeah, that 'someone' was the SEC
They must be aware after a suspension if they are to publicly quote. It's part of the 211 process
Furthermore, when an SEC trading suspension ends, a broker-dealer generally may not solicit investors to buy or sell the previously-suspended over-the-counter (“OTC”) stock until certain requirements are met. Before soliciting quotations or resuming quotations in an OTC stock that has been subject to a trading suspension, a broker-dealer must file a Form 211 with the Financial Industry Regulatory Authority (“FINRA”) representing that it has satisfied all applicable requirements, including those of Rule 15c2-11 and FINRA Rule 6432.
Among other things, Rule 15c2-11 requires broker-dealers to review and maintain certain documents and information about the company, including in certain cases:
the company’s state of organization, business line, and names of certain control affiliates;
the title and class of the securities outstanding; and
the company’s most recent balance sheet and its profit and loss and retained earnings statement.
Yes I see what you mean, but the liquidity of this stock is a direct result of being on the greys and having no public market. If this could trade normally on L2 again there would be interest. Volume and PPS would be the least of the worries of an MM putting their reputation on the line to allow REVO to trade again. I think the 'affection' of the SEC and misstated fins would be a little more troublesome
That's the wrong argument. PPS UP and DOWN is irrelevant to MMs. The question is: Will any MM be willing to endorse REVO on good faith alone? Of course not.
Let's see if they can produce filings before anyone talks about 211s and "tier upgrades". As far as I know they have yet to even hire new accountants. Even then, the 211 process is arduous which is why it's so rare to see a company come off the greys.
Either way there will be a lot of time to pass by while the whole thing plays out. Expect plenty of mindless chatter in the meantime. Idle hands spend time at the keyboard, I suppose
You have to be multiple filings behind to get suspended unless there are other questionable activities in conjunction. The stockcharts omission is not due to the filing IMO
Time to wake up the LIONS
It was mentioned yesterday by jeff that many tickers dropped from stockcharts
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117822684
The SEC will not comment publicly on the status
of a company when the ten-day suspension period
ends because the company may still have serious legal
problems. For instance, the SEC may continue to
investigate a company to determine whether it has
defrauded investors. The public would not know if
the SEC is continuing its investigation unless the SEC
publicly announces an enforcement action against the
company.
You couldn't possibly know this:
Anyone that gives you an estimate is full of it. It could happen soon or it could happen never. There are a lot of prophets on the board but don't be fooled
It might sound fishy but that's the way it works:
http://www.sec.gov/investor/alerts/tradingsuspensions.pdf
Aww lighten up gang. You will forget about all this <soon> (relative LVGI term). I know it's been "forever" but good things come to those who wait.. so 'wait longer' is the mantra
You will say JF is the best CEO on earth when (not if) this thing pops again and ORCA is smashing the ask and typing his all caps messages to us 'lions' haha
his brother, What does that mean? REVO is not pumpable on the grey market regardless
Good to see there is still a pulse somewhere. The million dollar question: Will the rewards be reaped by shareholders?
We at .0003 now
Getting notched down to the greys with no MMs is hardly temporary. The tier upgrade is not possible without current financials; correct financials per GAAP. You may blame whomever you'd like but new accountants will cost money that REVO likely does not have IMO. Again, when current financials are released i will believe they have money or anything that resembles it. Settlements are nothing to us without disclosed terms.
REVO shares are not voting power. Why do you think that? The board of directors votes by proxy. How many votes have you been invited to partake in as a shareholder? I've owned stock for 1.5 years and my count is zero
Yes, the DTC chill was an unfortunate waste of time but an even more unfortunate waste of money to hire lawyers to get us out. But the main point is we got out! Just a setback
That would be good. 212 locations across the US.
https://www.sprouts.com/
Alabama, Arizona, Cali, Colorado, Georgia, Kansas, Missouri, New Mexico, Nevada, Oklahoma, Tennessee, Texas, & Utah
Most stores in AZ
There already is one
Someone with an extra $100 lying around i suppose. Not everyone is willing to bet the farm on penny stocks, myself included
Perhaps they were ordered to take it down? It did contain all of the old misleading PRs.. I recall the site going down in the past also but it would come back after a few days.
Or they may have just let the site expire intentionally. What's the point of advertising the company when their main line of business (share selling) is shut off? They have no reason to pay even $30 to look like a real company to prospective investors any longer. They still have the Eyetalk site for the thread of hope left in the patents. Usually registration of a website is for a duration of one year anyhow.
Either way, they have reinforced their inept tendencies over and over again so it could be practically anything. Speculation is all we have or ever had with REVO
That's the spirit. 2 Milly right out of the gate
Highly unlikely IMO. It's probably lack of funds. It costs money to maintain a domain name and REVO shares are no longer liquid, hence no fundraising
website no longer active. What's the point though right?
http://www.revolutionaryconceptsinc.com/
Rainco's website is not active either. How long has that been down?
http://www.raincoindustries.com
Eyetalk is the only site still "kicking"
www.eyetalk365.com
Here is a link to the Rainco transaction for those that forgot. It's been well documented that President Nicole and Ali are/were a couple
http://www.reuters.com/article/2013/01/07/idUSnGNXUWXMUa+1fe+GNW20130107
Director - SOLOMON RC ALI
Address 1: PO BOX 3540 Address 2:
City: SILVER SPRINGS State: NV
Zip Code: 89429 Country: USA
Status: Historical Email:
Director - SOLOMON RC ALI
Address 1: PO BOX 3540 Address 2:
City: SILVER SPRINGS State: NV
Zip Code: 89429 Country: USA
Status: Active Email:
President - RONALD CARTER
Address 1: PO BOX 3540 Address 2:
City: SILVER SPRINGS State: NV
Zip Code: 89429 Country: USA
Status: Historical Email:
Secretary - RONALD CARTER
Address 1: PO BOX 3540 Address 2:
City: SILVER SPRINGS State: NV
Zip Code: 89429 Country: USA
Status: Historical Email:
President - RONALD CARTER
Address 1: PO BOX 3540 Address 2:
City: SILVER SPRINGS State: NV
Zip Code: 89429 Country: USA
Status: Active Email:
Secretary - RONALD CARTER
Address 1: PO BOX 3540 Address 2:
City: SILVER SPRINGS State: NV
Zip Code: 89429 Country: USA
Status: Active Email:
Treasurer - GARRY STEVENSON
Address 1: PO BOX 3540 Address 2:
City: SILVER SPRINGS State: NV
Zip Code: 89429 Country: USA
Status: Historical Email:
Treasurer - GARRY STEVENSON
Address 1: PO BOX 3540 Address 2:
City: SILVER SPRINGS State: NV
Zip Code: 89429 Country: USA
Status: Active Email:
Director - BETHIEL TESFASILLASIE
Address 1: PO BOX 3540 Address 2:
City: SILVER SPRINGS State: NV
Zip Code: 89429 Country: USA
Status: Historical Email:
Director - BETHIEL TESFASILLASIE
Address 1: PO BOX 3540 Address 2:
City: SILVER SPRINGS State: NV
Zip Code: 89429 Country: USA
Status: Active Email:
Uh, ok. All directors come up with an "active" and "historical" entry as well
I don't know what you are looking at but he is still "active" on the Nevada Sec State site
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=Mj4ELwvfl9jyn4S4F1UPZw%253d%253d&nt7=0
first director listed.
That's kind of unusual, don't you think?
I was wondering the same thing. A simple internet search of xo detente doesn't turn up any logical results
Shelf space is certainly important to an unknown brand but it's not the only place you can sell/market goods. I would say the majority of activities would take place on the net these days.
Yeah I do somewhat agree with you but we have some fickle shareholders that seem to think JF doesn't do anything all day. So maybe it's a method to calm people down and let us know he is trying to get us out there. You could call it over-communication but I would rather know about a failed attempt at a deal than hear crickets
Geez people it was just a conference call to begin with. Nothing is guaranteed from a call with a retailer. No reason for the extreme emotional highs and lows. Just business as usual.
The call being pushed back again is of no consequence to the desired final result. We are at the mercy of the retailer's schedule either way. We gotta play by their rules in this situation.
If we ultimately get a deal out of this then great. But if we don't the sky isn't falling. There are plenty of other things to look forward to aside from shelf space
It's all about the patents. If REVO stays public
A 4th secret court monitored deal? Oh, do tell
People already tapping the ask this morning. Let's see where she goes
It could go either way with the financing. There were a lot of huge dumps a few months ago which may have funded most of slam already so we may be out of the woods. If I had to guess I would say we are safe for now
You can thank the SEC for that, Caveat Emptor
yes, we all made mistakes. Ours was holding REVO
Ali stopped tweeting in January. One month before the SEC started breathing on him. Now his companies trade at .0002 and .0003 respectively. Worthless
#AskSolomonAli
Public company = totally silent. We've been conditioned to expect nothing less.
This has been a valuable lesson for me. No longer will I allow greed to prevent me from selling during pumps. Lies just spewed everywhere. When it hits .005 they say 'going to .01'. When it gets to .01 they say 'going to .03'. when it gets to .03 they say 'next stop $1.00'!! Where are they now? On to the next one. They are traders. The smart ones as i call them.. took the money and ran
Hey i didn't lose that much. No biggie. I'm surprised there are still a few left still defending REVO. I guess when you believe you will get rich beyond your dreams it's hard to concede to anything less. It just takes longer for some..
Just my opinion. And no I don't want your shares.. Why would anyone sell at this point? No reason to recoup > 5-10% of your investment now
That's the thing.. nobody knows the details hence the lack of enjoyment