Document ID: SEC-2015-1029-0001
Agency: sec
Document Type: Notice
Title: Trading Suspension Orders: Revolutionary Concepts, Inc.
Posted Date: 2015-06-19T04:00Z

[Federal Register Volume 80, Number 118 (Friday, June 19, 2015)]
[Notices]
[Pages 35417-35418]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-15224]

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SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]

In The Matter of Revolutionary Concepts, Inc.; Order of 
Suspension of Trading

June 17, 2015.
    It appears to the Securities and Exchange Commission 
(``Commission'') that there is a lack of current and accurate 
information concerning the securities of Revolutionary Concepts, Inc. 
(``REVO'') because, among other things, of questions regarding the 
accuracy and completeness of REVO's representations to investors and 
prospective investors in REVO's public filings with the Commission and 
REVO's publicly-available press releases and other public statements.
    In particular, there are questions regarding the accuracy and 
completeness of REVO's public assertions relating to, among other 
things: (1) REVO's license of certain patents to Eyetalk365, LLC 
(``Eyetalk''), including a $900,000 ``in consideration'' fee paid by 
Eyetalk to REVO and related net income received by REVO; (2) a line of 
credit of up to $10 million obtained by REVO's wholly-owned subsidiary, 
Greenwood Finance Group, LLC (``Greenwood''); (3) Greenwood's ownership 
of $7 million of promissory notes, and interest payments made to 
Greenwood in connection with such promissory notes with a projected 
possible cash value exceeding $1 million; and (4) REVO's possible plans 
to issue dividends and buy back shares of its common stock. In 
addition, REVO currently is delinquent in filing its Form 10-K annual 
report for its fiscal year ended December 31, 2014, and its Form 10-Q 
quarterly report for its first quarter ended March 31, 2015.
    Based on REVO's most recent Form 10-K annual report filed for its 
fiscal year ended December 31, 2013, REVO is a Nevada corporation based 
in Charlotte, North Carolina. The company's common stock is quoted on 
OTC Link operated by OTC Markets Group, Inc. under the symbol ``REVO.'' 
As of June 5, 2015, the company's stock had 10 market makers and was 
eligible for the ``piggyback'' exception of Rule 15c2-11(f)(3).
    The Commission is of the opinion that the public interest and the 
protection of investors require a suspension of trading in the 
securities of REVO.
    Therefore, it is ordered, pursuant to Section 12(k) of the 
Securities Exchange Act of 1934, that trading in the securities of REVO 
is suspended for the

[[Page 35418]]

period from 9:30 a.m. EDT on June 17, 2015, through 11:59 p.m. EDT on 
June 30, 2015.

    By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2015-15224 Filed 6-17-15; 11:15 am]
 BILLING CODE 8011-01-P