Revolutionary Concepts Inc (fka REVO)

[Krysti]

REVO's selling the patent rights - not licensing them.
A sale of rights transfers ownership.
A licensing of rights retains ownership.
It's an important legal difference, with big financial consequences.
REVO has filed notice of a sale of the patent rights.

There's no asset left in the REVO balance sheet when the asset is sold.

The sale of "substantially all" of REVO's assets requires approval by a vote of the preferrence shareholders. Which is why the proxy filing is being made with the SEC.
The non-exclusive licensing of the assets does not require a vote.

It's not complicated.