Replies to post #61911 on Revolutionary Concepts Inc (fka REVO)

[goodboy2]

They relied on what we known as attorneys, Kristi.

[Notimpressed]

Any Documented **OWED** Debt note that is DISSOLVED is treated as CASH........That is why IRS 1099's are sent when Homes are FORECLOSED and the DEBTS are no longer being paid, that DEBT removal is treated as **INCOME" Money you will have that you WERE REQUIRED to PAY by NOTE!!! and requires reporting as INCOME !!!! SATISFYING the DEBT notes also BOUGHT BACK 180 Million Convertible Share Liability...........NO OTHER WAY to look at THOSE FACTS.!!!! (about the accounting treatment of the $900k 'profit' from Eyetalk365)........... the 'income' from Greenwood, was reported as a RESERVE.......GREENWOOD has Interest bearing NOTES on their BOOKS , and INVESTMENT FUNDS to operate with. SHOW ANY PROOF to the Contrary.....Documentation is PROOF.I would like to see DOCUMENTATION, rather than "QUESTIONS ABOUT" or "ASSUMPTIONS ABOUT" both lead to UN PROVEN FINALIZATION without PROOF !!!