Replies to post #41779 on Revolutionary Concepts Inc (fka REVO)

[Krysti]

There's information in the 10-Q Skeet.
There's no need to be on the Board to find out what's going on - provided what they put in the 10-Q is true.

So, assuming that what they say is true, and they do not omit information they are required to disclose, this is what we know:

1. The exclusive global licensee is Eyetalk365.
2. REVO hasn't had any cash in the bank for many years.
3. Despite having no cash go through their account REVO owes Rainco LLC $millions in unpaid interest on loans. This means that Rainco pays the bills directly. It doesn't let REVO get it's hands on the money.
4. REVO owes Rainco $2.7m in unpaid dividends.
5. Neither REVO nor the licensee has issued any legal proceedings against any alleged patent infringements.
6. Neither IQMagine nor the licensee have generated any income from the licensed patents.
7. REVO directors have abandoned the idea of producing Eyetalk
8. The directors intend to make a private placement (which necessarily involves issuing more shares)
9. None of the directors has ever paid a cent for any of the shares they hold (or for the shares they've sold)
10. The directors make their money by selling notes and shares they receive from the company. No money is made from the patents.

Draw your own conclusions.