Renuen Corp. (RENU)

[finishsuper]

I do not have the specifics on this line item, and although I promised myself not to post during the holiday..........

Page 12 of the fins gives us this clue:

The company has experienced losses in the third quarter attributed to the online defamation but is continuing with its business plan. The company has not issued any shares or obtained any dilutive financing and has maintained its current capitalization. The company has sold a percentage of future receivables to offset its third quarter losses as a result of the decline in sales due to the defamation campaign. The company does not intend to sell or issue any stock to raise capital at this time consistent with its business plan to generate the revenue needed for growth through sales.

Now, while that might have an appearance of "extortion" in one light, it can also have the appearance of a deal that was brokered via an individual or a company (and hopefully one that is bringing some sort of value (i.e. product, professional expertise, market, etc), and that deal has provided needed capital in order to offset the losses incurred due to the smear campaign.

The opposite of this, would seem to be, that without this deal, business suffered enough, that it's game over, close the doors, sell the furniture, at worst, and at best, loss of critical personnel or product lines.

Perhaps this was a lesser of two evils? On the bright side, no shares were used, and no toxic financing (without specific details, one could certainly level an argument that a percentage of future receivables, in perpetuity, could be construed as "toxic", I suppose.)

On another front, for anyone with a PACER account, there has been activity on the Federal case. I've downloaded several documents, but have not had the time yet to fully analyze them. Suffice it to say, discovery is progressing.

Lastly, as always, I find a whole set of different questions, in relation to various internet research, and either references or "non references" in the fins....... Will continue researching them as they present some interesting scenarios. Google is a great tool.

Happy Thanksgiving to all. I hope that all are warm and well fed on this day of remembrance and thanks.

Best.