Revolutionary Concepts Inc (fka REVO)

[Sumdude]

again crickets... nowhere does it say that the buyback is predicated on winning a lawsuit. im assuming this is what we're attempting to point too because its the only mention of it in this release.

REVO’s Senior Vice President, Solomon Ali states, “We feel excited about the repurchase of up to $7 million of our shares, as this reflects a repurchase price of up to $0.05 per share, which is almost 10 times the current share price of our stock. We are very positive about the future of REVO, as we are forecasting that $60 to $80 million in estimated annual revenues from licensing fees and royalties could be generated from our global licensing agreement. In September, our global licensee filed complaints in the United States District Court against four companies for allegations of patent infringement against REVO’s intellectual property. All of this is welcome news that could work to the benefit of the Company and its shareholders.”

soo.. well whaddya know?? look its solomon Garbage Ali being quoted here. the same one whom doesnt run the company.

ok projection of 60 to 80 million... FAIL
shares bought back zilch ... FAIL
liscensing and royalties.. FAIL

nowhere ANYWHERE in the filing does it state that the share buyback is predicated on winning a lawsuit.