Revolutionary Concepts, Inc. (OTCMKTS:REVO) Up on OTC Stock Exchange Email
Revolutionary Concepts, Inc. (OTCMKTS:REVO) is having another bout of extremely high volumes. The double-zero ticker has been spiking again in the past days, though we suspect the fundamentals for this company remain largely the same as when we covered it at the beginning of the year. REVO doubled its price on Friday to $0.0034, on buying volumes above $238,000. REVO opened up on Monday.
The spike in price is easily explainable, following a promotional email from OTC Stock Exchange, paid by Out Reach Holdings, SA. The budget, a small $5,000, is enough to set a double-zero ticker on fire. Added to this is a press release suggesting that REVO may sell its mobile patent portfolio to a so far unnamed US-based communications corporation. Still, the company only mentions “talks”, and this could mean anything, even something rather tentative and preliminary.
But despite all, REVO looks like it would make a dense and dynamic trading week.
The ticker also awakened from its recently posted financial results. It also holds little hope:
- $4,799 cash
- $244,030 total assets
- $3.4 million total current liabilities
- No revenues
- $13.69 million accumulated net loss
The ticker is capped at just above $1.4 million, though with nearly half a million shares outstanding. REVO has all the signs of a highly risky pump, and may move by double-digit percentages in either direction. REVO trades choppily and shows little trending or investors’ loyalty, except for the times when buyers temporarily jump the bandwaggon for some easy and fast price increases.
While in the longer term REVO is flat, in month-long periods there have been gains of more than 100%, as well as cuts of two-thirds of the price. If you want to join the latest trend, keep this in mind and avoid overinvesting.
A recent double-zero was 3D Eye Solutions, Inc. (OTCMKTS:TDEY), now defeated with a price stuck around the $0.004 levels.
REVO is a ticker we visit seldom, only when a remarkable event happens. Sadly, those spikes in buying are months apart, so keep in mind that volumes may suddenly shrink and leave you with unsellable and depressed shares.