For the third consecutive day, shares in the penny stock of Revolutionary Concepts, Inc. (REVO) have been trending upward after the word “acquisition” was used. Looking to partner with someone to help in the development of its technology and an execution of a commercialization strategy, putting some money on the boards in the sales column, REVO stock has now gained over 250% since Monday. While the laziness of people to get up and answer their own door persists, the designers and developers of the EyeTalk® Communicator stand a sitting chance at making it to the Couch Potato Invention Awards for 2012 show coming to a sofa near you soon.
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REVO Stock Chart
Market Cap: 828.53K
Last: 0.0029, up 0.0009 (45.00%)
Dollar Volume: $165,383
Average Trade Size: 202,438
Issued and Outstanding: 285,699,025
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The Company issued a quick PR today stating that they are looking at possible acquisition candidates with current EBITDA in excess of $1 million. While shares in the sub penny stock have been freakishly bullish since the start of the week, the stock has only been actively trading now since the 30th of November, less than three months. While REVO stock was above 0.01 prior to September, the news of a possible $15 million acquisition is gonna mean a lot more stock is sold considering there was only $1,355 in the bank as of September 30, 2012.
About REVO Stock
Revolutionary Concepts, Inc., currently in the product development stage, recently completed the initial development of a working prototype of the EyeTalk® Communicator — a technology which provides consumers an opportunity to interact with visitors at their front door, initiated through a doorbell or a motion sensor, which sets off a series of events that result in a phone call to the consumer who then can interact with the visitor through both video and audio.
Last 4 Trading Sessions:
Bottom Line: To think that we have finally adapted to the lifestyle of the McFly’s that penny stocks like REVO are spotlighted on the laziness of a culture long lost. Its might be one thing to develop a way to keep your neighbors at bay, but to think that REVO stock is busting out based on being able to see who just rang your front door bell is beyond the use technology was supposed to be designed for.
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