Replies to post #62328 on Revolutionary Concepts Inc (fka REVO)

[Krysti]

Your simple 'explanation' doesn't identify $900k revenues, notimpressed

Revo issued Promissory CASH SALARY notes to Carter and ALI for SEVERAL years of UNPAID CASH SALARY as they had NO CASH to Pay the SALARY cash they OWED !!! FACT !!!

Agreed. REVO had no cash to pay $900k of salaries, because they had no revenues.

Writing off the debt didn't transform it into revenue. Which is why REVO accounts (despite their admitted unreliability) have never shown revenues in the statement of Profit and Loss.

Simple.

[Krysti]

Many companies have retired or cancelled REVO debt, notimpressed.

The accounts show that REVO has retired over $1m in debts.

Many of those debts have been retired in return for REVO shares. REVO did not report any of those debt retirements as 'revenues'.

The $900k of debts assigned to Eyetalk365 was retired in return for a licensing agreement. REVO reported that debt retirement as 'revenue'.

HOW REVO AUDITORS/Accountants handled the Financial Report ENTRY/Placement was then SEC problem.

Agreed. And the SEC has said that treating the $900k as revenue was wrong.

Simple.