If anyone would like a refresher on why the SEC suspended trading and why we will never see a penny of RCI/Eyetalk365 revenues and licensing fees: Full text - US SEC gov
Summary of findings: The Commission temporarily suspended trading in the securities of REVO because, among other things, of questions regarding the accuracy and completeness of REVO's representations to investors and prospective investors in REVO's public filings with the Commission and REVO's publiclyavailable press releases and other public statements. In particular, there are questions regarding the accuracy and completeness of REVO's public assertions relating to, among other things: (1) REVO's license of certain patents to Eyetalk365, LLC ("Eyetalk"), including a $900,000 "in consideration" fee paid by Eyetalk to REVO and related net income received by REVO; (2) a line of credit of up to $10 million obtained by REVO's wholly-owned subsidiary, Greenwood Finance Group, LLC ("Greenwood"); (3) Greenwood's ownership of $7 million of promissory notes, and interest payments made to Greenwood in connection with such promissory notes with a projected possible cash value exceeding $1 million; and (4) REVO's possible plans to issue dividends and buy back shares of its common stock. In addition, REVO currently is delinquent in filing its Form 10-K annual report for its fiscal year ended December 31, 2014, and its Form 10-Q quarterly report for its first quarter ended March 31, 2015.
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