Replies to post #40969 on Revolutionary Concepts Inc (fka REVO)

[Krysti]

This 10-Q confirms Eyetalk365 as the licensee, Samurai.

There is no longer any room for doubt that Eyetalk365 picked up the notes from Ali and Carter. It's spelled out in the extracts you have referred to.
Take this one, as an example:

On December 31, 2013 the Company entered into a three (3) year convertible Promissory Note with Ronald Carter, its President and CEO for $59,194 ... This note was assigned to a non-related third party, who assigned to Eyetalk365. Eyetalk365 contributed this note to RCI as partial consideration for the exclusive license agreement dated February 24, 2014.

It says that Eyetalk365 'paid' the licensee's consideration. The identity of EyeTalk365 as the licensee is then confirmed by this, later, entry

On December 31, 2013 the Company entered into three, three (3) year convertible Promissory Note with its President and CEO, Ronald Carter for ...$59,194 ... On February 10, 2014, the licensee returned this note to the Company as partial consideration for the exclusive license agreement.

The same thing was repeated with notes assigned by Ali.

The total selective debt reduction, was $900k plus interest. But we know that REVO didn't receive any of this in cash, and there is no evidence that Carter and Ali received any cash.

Simply put, the transaction was arranged 'off the books' to hide the fact that (as in all previous REVO 'deals') no cash changed hands.

Bearing in mind that Eyetalk365 'paid' for the license by Carter and Ali taking a $900k write-off, who do you think has effective ownership and control of Eyetalk365 LLC?

And how long do you think it will be before Carter and Ali award themselves replacement convertible notes to make up for that $900k write-off?