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Alias Born 09/20/2010

Re: Notimpressed post# 41792

Wednesday, 09/17/2014 11:34:36 AM

Wednesday, September 17, 2014 11:34:36 AM

Post# of 68829
Carter and Ali can issue stock to themselves.
It is ludicrous to believe that:

As individuals they (Carter and Ali) can't JUST TAKE STOCK from REVO for personal gain.

Here are just two reasons why believing that quoted statement to be true is ludicrous:
1. REVO is a Nevada corporation, and directors of Nevada corporations can authorize and issue shares at will. It's one reason why REVO was removed from North Carolina to Nevada.
And
2. Solomon Ali has effective control over the authorizing and issuance of shares, because no shares can be authorized without the approval of his company, Rainco.

Whichever way you look at it Ron Carter and/or Solomon Ali control the authorizing and issuance of REVO shares.

They can take stock from REVO for whatever reason they desire. Nobody else, particularly REVO shareholders, has any say in the matter.

Here's an entry from page 14 of the REVO 10-Q for Q2 which adds insult to injury:

Offering to Raise Capital Funding
Management of the Company has elected to do a secondary public or private offering to raise additional funding for the Company, for working capital, for its growth and expansion and retirement of equity. The prospectus or offering memorandum will be prepared by the Company’s legal counsel and accountants, and issued to accredited investors in accordance with SEC and any other Federal, state regulatory, rules and guidelines. The approval of the public or private offering is subject to the final approval of the Board of Directors of the Company.

The directors (Ali and Carter) should have no difficulty approving a recommendation from the management (Carter and Ali). And Rainco (Ali) is equally certain to approve it. But none of these approvals will be done for their personal gain...
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10182329

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