Votes of Ordinary Shareholders don't count for much. In 2011 REVO directors used their control over a majority of voting stock to do away with the inconvenience of shareholder votes on major matters. This is permitted in Arizona. And REVO is an Arizona corporation.
That's why none of the shareholders posting on this board have ever attended a REVO AGM.
It's also why Rainco LLC is the only shareholder whose vote will count when (and IF) REVO produces the long awaited Schedule 14A proxy.
Take a look at this filing from November 2011. It was made in lieu of the AGM. And nothng prevents REVO filing in similar terms to ratify the supposed patent sale after they've got consent from their preference share holder, and director, Solomon Ali.
INFORMATION STATEMENT PURSUANT TO SECTION 14 OF THE SECURITIES EXCHANGE ACT OF 1934 AND REGULATION 14C AND SCHEDULE 14C THEREUNDER
TO OUR STOCKHOLDERS:
NOTICE IS HEREBY GIVEN that the following action was taken pursuant to a Written Consent of the Majority Stockholder of the Company: (1) Election of the Company's Board of Directors to hold office until the Company's Annual Meeting of Stockholders in 2011 or until their respective successor is duly elected and qualified; and (2) Ratification of the appointment of Bongiovanni and Associates as the Company's independent certified public accountant; and (3) Ratification of the increase of the authorized shares of common stock of the Company to 1,000,000,000 shares, $.001 par value; and (4) Ratification of the 2011 Stock Option Plan.
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