It's a picture of the recently painted prototype that Bowen teases us with.

You mean he lied to me? (By implication, anyway.)

                    A. Leedom, BoredPresident of the RED RAVEN REVIVAL SOCIETY. Rolleyes
                         2015 is the 75th anniversary of RED RAVEN COMICS #1!
                              (Cover date August, 1940--published May 29, 1940)           
                                 Reprint Red Raven Comics #1, dangnabit!
              Marvel MUST honor the anniversary of its most mistreated hero!
                                                           Pretty please!!Cute
                                  SUB-MARINER #26,  WORSE COMIC BOOK EVER!!
                                          DESTROY ANY COPY/REPRINT YOU FIND!!