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Thursday, 02/03/2011 6:39:30 PM

Thursday, February 03, 2011 6:39:30 PM

Post# of 4012
A few facts about Revonergy:

From the volume it's pretty clear the company is not diluting, that's a fact. Yes, a 3rd party completely unrelated to Revonergy has paid for coverage, that's also a fact. Many companies also pay for promotions, and some of the biggest companies in the world pay Wall Street firms for good ratings, upgrades, etc. That's also a fact. Because it's a 3rd party, if I felt like it, I could pay for someone to promote GOOG, and I'd be a "3rd party paying for coverage". Does that say anything about Google? No.

Revonergy is a growth company, they are aggressively pursuing acquisitions in the US, that's another fact. Every company was there at one time. I'm sure some of the largest companies around today used to promote themselves when they started, went to trade shows, took out loans, went deep in the hole, issued stocks, etc. It's part of doing business, you have to raise money to survive until the revenue starts coming in and they've been doing a good job of it without diluting their shareholders to death like most.

From Revonergy's filings that only reach until September 30th, it shows they are not making much if any money, that's a fact. What's also a fact is that they have an agreement with Vitol that they may not be seeing revenue from, but eventually they will. Another fact, straight from their own website:

http://www.vitol.com/latest-news/3-vitol-announces-emission-reduction-purchase-agreement-with-revonergy-biopower-limited/english

In case you don't know who Vitol S.A. is, they're the largest independent oil company in the world, with $149 BILLION in revnue in 2009.




My reaction to most, but not all penny stock stories:



I'm not a financial advisor. All of my posts are for entertainment purposes only.

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