Revolutionary Concepts, Inc. (PINK:REVO) is one of the many development-stage companies traded on the OTC, and as such its financial situation is not very good. Historically, its stock hasn’t seen much trading, but that may change for a while.
The last two sessions REVO traded much higher than usual and the volume was significant too. Yesterday, REVO closed up 6.06% at $0.035 on a new volume high of 323 thousand shares.[BANNER]
After the close, the company issued a press release, and a promotional newsletter could affect its performance today.
The press release said REVO was in the final stages of securing three new patents to expand the protection of its EyeTalk product.
The promoter was compensated $40 thousand by a third party to pump up REVO’s price.
While the name of the company would suggest some amazing breakthrough ideas, the product that REVO designs and develops doesn’t seem to be very futuristic or far-fetched. EyeTalk is an entry management system which allows audio and video interaction with a visitor to a front door. Supposedly, the technology could have different applications in different areas.
Before traders decide what to do about REVO, they may want to consider that the company is still in the development stage, and consequently has very limited assets, no revenue, and it will need additional financing to commercialize its product.
Patent protection is good, but the field is very competitive, and traders should do their due diligence and evaluate the chances REVO has to enter the market at some point. They may also want to take a look at the several Form 4-s filed by REVO recently.
