REVO remains in the pump phase, moneym8ker.
The problem for Ali is that the pump is running out of steam.
But, credit where credit is due. He has played a good hand in the past few days. He has managed to pump the price to a level where all but the real amateurs on the Board have recovered their initial investment cost. This provides him with a volunteer army of supporters. That's a good move by him.
While REVO flies on unverifiable speculation, it falls back when it files material that can be checked.
Take for example the speculation that Google, Samsung, AT&T and just about every other 'technology company' was the $50bn company taking a license from REVO. Speculation helped the stock fly.
But now that there's an agreement an 8-K has to be filed. And none of those companies has filed an 8-K referencing any deal with REVO.
That's why REVO now issues a PR stating that they have not entered an agreement with any of those large companies. And that immediately knocks back the speculative value of the stock. The next knock back will come when the licensee is revealed to be a no-name company with no material cash or assets.
The same thing happened with the 'purchase' of Greenwood. In that case the company turned out to be a recently formed division of Rainco, and not a profitable investment company.
And the same thing happened when Global Energy Group turned out to be a recently formed division of Rainco creation, and not a global investment company.
It's all too predictable.
