Replies to post #23986 on Revolutionary Concepts Inc (fka REVO)

[rockafuller]

Agreed. I have no clue what krysti is talking about. The deal is still progressing.

[Krysti]

Some recent PRs and an IHUB post, Dich
The PR story so far:
On September 25

REVO... receives Board of Directors approval for shareholder's vote to finalize the sale and/or license of patents... The management team will now prepare a Schedule 14A and ... after review by the SEC, will prepare to notify shareholders of the decision and voting rights.

Source: http://finance.yahoo.com/news/revolutionary-concepts-inc-board-approves-142633282.html

On November 12th

REVO... confirmed today that negotiations involving a recent Letter Of Intent are still underway and progressing positively.

Source: http://ih.advfn.com/p.php?pid=nmona&article=59990694

On December 6th

REVO... announced that it has been in talks with one of the world's largest internet related service companies to sell or license its patented mobile product portfolio.

Source: http://ih.advfn.com/p.php?pid=nmona&article=60323237

On December 16th there was some clarification

I have spoken to Solomon Ali and he said since the September Press Release they company was approached by this billion dollar company and opened up the larger potential of this patent

Source: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95026913

It is unlikely that the same patents are being sold to two different companies. So, REVO must choose one company over the other. And it seems that they have chosen the company (rumored to be Google) which appeared on the scene after September.

That makes a Schedule 14A proxy and shareholder vote on the September 'deal' irrelevant. Doesn't it?