If we would of just paid attention instead of puffing our chests out in denial and sticking up for scam artists you would already know where the money is going.. but i'll explain it anyways.
during the period of silence about over the last year and as recent as 5 months ago REVO released 8k's
if you even read the last 8k it clearly states that the majority shareholder whom is none other than GARBAGE ALI decided to oh so graciously cancel the debt you shareholders owe him of 4.5 million dollars..
in exchange for this he also graciously agreed to convert his notes to new series 1 preferred shares at 10.5% interest dividend..
so....
4.5 million x 10.5% per year = $400,000+ per year in dividends.
simple. you shareholders owe Garbage ALI money. preferred shareholders are priority above all else. so its pretty simple. if theres money coming in the 8k clearly states preferred shareholders are getting a 10% dividend check..
Garbage ALi has lied and fleeced the common shareholders at every turn.. even after the SEC threw REVO in the toilet.
make no mistake REVO is broke.. and they are not litigating the SEC decision... He merely rides off in the sunset and collects checks
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