Scarcely 60 minutes have passed since the start of the newest stock market session and the shares of Revolutionary Concepts, Inc. (PINK:REVO) have already gone wild.
Opening at $0.02 per share, REVO has already gained a massive 208% in value just within one single hour of trade. Moreover, the trade is more intense than ever, shifting so far more than 430 thousand shares of common stock. Thus, REVO has already surpassed its yesterday gain of 20% by a landslide.
What is it that has prompted investors to push REVO to the limits? On the one hand, the developer of ‘Eye Talk Communicator’ has just announced it was on the verge of receiving approval for as many as 5 more patents for its Communicator within Q2 of 2012. On the other hand, there is a brand-new paid promotion in support of REVO stock launched shortly after the end of yesterday’s session. As it is, an unrelated third party has paid ElitePennyStock.com an initial compensation of $25 thousand for a comprehensive profile of REVO, thus suggesting that the campaign stands a great chance of immediate renewal.
Established in 2004, Revolutionary Concepts, Inc. is a development-stage company which specializes in creating smart camera technologies allowing for remote monitoring. At present, REVO’s main focus is on its Eye Talk Communicator – an entry management system giving users remote control over IP cameras using personal communication devices. The Communicator is still a work in progress.
The latter would not have been a big problem had it not been for the dire financial condition of the company. Judging from its Q3 2011 report, REVO has no current assets whatsoever. At the same time, its current liabilities stand in at $867 thousand. The company registered a net quarterly loss of $1.028 million, up 47% from the net loss incurred in Q3 2010.
In a nutshell, if you are a long-term investor, REVO is hardly the stock for you. Conversely, if you are really into swing trading, you could stand a good chance of striking it lucky as long as you nail the perfect timing.
