InvestorsHub Logo
Followers 39
Posts 2702
Boards Moderated 0
Alias Born 09/20/2010

Re: Notimpressed post# 62328

Sunday, 08/30/2015 8:31:03 AM

Sunday, August 30, 2015 8:31:03 AM

Post# of 68829
Your simple 'explanation' doesn't identify $900k revenues, notimpressed

Revo issued Promissory CASH SALARY notes to Carter and ALI for SEVERAL years of UNPAID CASH SALARY as they had NO CASH to Pay the SALARY cash they OWED !!! FACT !!!

Agreed. REVO had no cash to pay $900k of salaries, because they had no revenues.

Writing off the debt didn't transform it into revenue. Which is why REVO accounts (despite their admitted unreliability) have never shown revenues in the statement of Profit and Loss.

Simple.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.