There are 2 Points that Sound extremly positive to me in nr 6 and 7 -the words
6: " revo had no income at THIS TIME " yes ok but in the future it will have
7 : Revo owns 40 % Ali owns another 19 % percent of the income out of the patents ….if he owns those 19 % via fraud, they go back to REVO ;)
6. In January 2014, at Ali’s direction, REVO began issuing press
releases stating that REVO was negotiating a worldwide licensing agreement for
its patents. Ali is quoted in the press releases as saying that the forecasted annual
revenues from the deal is “in the $20 to $30 million range,” which was significant
because REVO was not generating any revenue at the time. In February 2014,
REVO announced that it had entered into a licensing agreement with an
unidentified exclusive, worldwide licensee, and forecasted “$30 million in
revenues and $12 million in earnings” from the deal.
7. REVO and Ali failed to inform investors that, among other ties,
REVO owned 40% of the licensee and a trust established by Ali owned 19% of the
licensee. Ali also had no legitimate basis for forecasting $20 to $30 million in
revenues or $12 million in earnings from the license agreement.
