Replies to post #7501 on Revolutionary Concepts Inc (fka REVO)

[Krysti]

Here's an answer to your question, Huong.

Your question:

If Rainco does not invest in, where can REVO get money to manufacturing and license ? According to PR, book value of REVO increases as the amount of revenue and earning they stated

My answer:
REVO can grant development licences.
The developer finances the product development, brings it to market, and deals with production and distribution. In return RCI receives a royalty payment.

REVO signed precisely that kind of deal with IQmagine LLC in December 2010.
http://sec.edgar-online.com/revolutionary-concepts-inc/8-k-current-report-filing/2010/12/13/section8.aspx

It's a standard way of doing business.
All that's required is that REVO has a marketable product, and effective patents.

Unfortunately:
1. IQmagine has never developed a product.
2. REVO has never sold a product, or development idea, to another development company.
3. Although REVO has a number of patents, it has not identified any patent infringements.

So the problem isn't really an absence of cash, it's an absence of product. If capital is invested now there is still no product, and still no buyers or patent infringements to cash in on.


Increased Book Value
The increased book value - if it happens - has nothing to do with the REVO business. It would come from the assets, revenues and earnings of Greenwood.

I'll believe that Greenwood has these assets, and income, only when I see them in the first quarter accounts filed by REVO.