Replies to post #40995 on Revolutionary Concepts Inc (fka REVO)

[Krysti]

REVO needs new cash to pay-off inside investors.

Here's an example of the shuffling you refer to ImjinBridger.

In January Solomon Ali and his cronies received 42m shares for an outlay of less than $35k.

It would cost REVO $180k to buy-back and retire those shares, at the current pps.

Such a buy-back would guarantee those shareholders a £145k profit, IF REVO could get the money to fund it.

The recently released 10-Q says,

Offering to Raise Capital Funding
Management of the Company has elected to do a secondary public or private offering to raise additional funding for the Company, for working capital, for its growth and expansion and retirement of equity.

REVO 10-Q at Page 14 http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10182329

So some of the cash generated from any private offering will be used to buy-back shares.

Remember, also, that Ali has already said he only wants to buy-back (retire) shares from those with substantial holdings (i.e his cronies).

Put this all together and, hey presto! REVO, magically, has the cash to buy-back shares from those selected shareholders holding millions of its shares.

It's worth noting that a Ponzi scheme is described as taking money from new investors to pay returns promised to earlier investors. Not magic, at all, really.