Revolutionary Concepts, Inc.(OTCMKTS:REVO) On Its Way Up Again

Revolutionary Concepts, Inc. (OTCMKTS:REVO) jumped up again yesterday, managing to rise 39.02% by the time the closing bell struck.

Company stock skyrocketed last Wednesday, when REVO announced that it had signed an agreement for global licensing of its patented security systems. The company came through with a filing on the subject immediately, publishing an 8-K with the list of patents it will be sharing with its new partner on the very same date. Although the report outlined a promising deal that would bring $900 thousand directly the company’s pockets and ensure ongoing royalties, the fact that it failed to mention the name of the “tech firm” somewhat perplexing.

REVO‘s momentum didn’t last long – it took just two sessions for the news to grow cold, at which point the company crashed right back down to $0.0123. REVO‘s descent was eventually halted and turned around by a new barrage of press releases that shamelessly promoted its stock, while containing no news or any other kind of valuable information.

Despite giving potential investors nothing but hopeful optimism and empty forward-looking statements, the publications managed to push the ticker up the charts significantly. Yesterday REVO closed at $0.017. Whether or not the company will be able to keep the pace is another matter entirely, as the it certainly doesn’t appear to have anything but hype going for it presently.

In elaboration – the latest 10-Q REVO filed covered the period ended Sept. 30, 2013 and contained the following unimpressive figures:

• cash – $4 thousand
• total assets – $244 thousand
• total current liabilities – $3.4 million
• No revenues
• annual net loss – $13.69 million

Although the global licensing agreement certainly seems like a step forward, it might take some time before REVO turns profitable, if that happens at all.

Another company that rose dramatically during yesterday’s session is RESOURCE VENTURES (OTCMKTS:REVI), who managed an impressive 39.53% jump through publishing news on their income.