Renewable Innovations Inc (fka REII)

[Drugdoctor]

Thanks-for-posting-so-much-more-$REII-Bullshit-as they stole our money and took it private without any shareholder vote, and no buyout offer. SCUMBAG THIEVES they are.

[Think1st]

"When a company is delisted and goes private, shareholders typically receive a cash payment for their shares, but they may also face potential risks like decreased liquidity and transparency. Shareholders are often bought out by the acquiring entity, receiving a premium price for their shares. However, they no longer have direct access to the stock market to buy or sell shares.
Here's a more detailed breakdown:
Voluntary Delisting:
If a company chooses to delist voluntarily (e.g., to go private), shareholders are usually offered a buyout price by the acquiring party. This buyout typically involves a cash payment for each share owned.
Involuntary Delisting:
If a company is delisted involuntarily (e.g., due to failure to meet listing requirements), the outcome can be less predictable. Shareholders may need to find buyers outside the exchange or may be left holding shares that are difficult to sell.
Potential Losses:
While shareholders may receive a cash payment, there are potential drawbacks to delisting. The company's stock may trade over-the-counter, which can lead to lower liquidity, less transparency, and difficulty selling shares. Additionally, if the company is bankrupt or liquidated, shareholders may lose their entire investment.
Impact on Ownership:
When a company goes private, control shifts from public shareholders to a select group of private shareholders or an individual. Shareholders lose their right to vote on company matters and participate in company decisions.

[Think1st]

Ok thank you, so if they reapply to be listed..we will benefit ..ok I get that.

So right now we are ownership in a private co.....great...how does that help us???
Us the shareholders, not the co????

[JayBee2]

I just took this from Renewable Innovations' website. I clicked on "About," then "For Investors," and then "Learn more.":

Dear Fellow Shareholders,
During 2024, the company achieved significant milestones, while encountering frustrating
obstacles. Given the events of this year, we felt it important to update you on the progress of the
company and the status of the public entity.
Regarding our products, we continue to work with many of the largest companies in the energy
industry. We still receive requests for our Renewable Power Systems and have showcased our
proven technology at various events including the Rebelle Rally (www.rebellerally.com).We
believe our products represent the future of renewable energy. While others in the industry are
hoping to potentially bring their products to market, ours are already functional and available.
In August we introduced our portable consumer power products, bringing our expertise and top-
quality products to people’s homes. This has generated increased demand and allowed us to
build products for a diverse range of potential customers.
In October, we executed an Asset Purchase Agreement for $4.7 million dollars. In that
transaction, we sold certain assets related to the manufacturing, selling, and renting of alternative
energy systems. This event provided much needed capital and a strong partner moving forward.
The sale did not include the work related to our large suppliers and clients. Additionally, we
entered into a Reseller Agreement to continue to utilize our branding with existing and new
customers. Renewable Innovations and the buyer are working together to help accelerate sales.
We continue to operate as before with much lower overhead expenses.
We currently have limited debt, a low burn rate and several opportunities. Our goal is to reach
cash flow breakeven as soon as possible.
Due to delinquent report filings, the company received a request from the Securities and
Exchange Commission to submit a plan to bring the Company’s filings current immediately or
withdraw its registration. On November 12, 2024, the company’s board of directors determined
that the best option was to withdraw its public registration for now because this would provide
the most flexibility and best opportunity for the company’s future success.
After submitting our decision to the SEC, the company’s registration was revoked effective
November 22, 2024. Your ownership position has carried over to the now private company. It is
important to note that as a private company operating profitably, it will be more attractive to new
investment and is immediately beneficial to the success of the company. As the company’s
revenues accelerate, it can position itself for acquisition as a private company or reapply to the
SEC to become a reporting company again. While our status as a publicly traded company has
certainly been challenging, we hope to emerge stronger than ever.

[Charlye]

What a shame

[Drugdoctor]

Yep, $REII stole our $$$ and shares, so they can afford such a high dollar event. SCAMMERS!

https://www.fuelcellseminar.com/event/seminar/register-1

[uksausage]

intersting email today:

Come see the World’s first Hydrogen Fuel Cell (HFC) UPS at the Hydrogen & Fuel Cell Seminar!

https://www.renewable-innovations.com/events?ss_source=sscampaigns&ss_campaign_id=6776ea64efd43636d353219a&ss_email_id=677d7194efd43636d3831846&ss_campaign_name=Come+see+the+World%E2%80%99s+First+Hydrogen+UPS%21%C2%A0&ss_campaign_sent_date=2025-01-07T18%3A25%3A26Z

[Drugdoctor]

Here's a link to the top class action settlements of all time, so I sure a huge corp like Renewable Innovations will make this list, lol
https://insights.issgovernance.com/posts/twitters-809-5-million-settlement-close-to-the-goal-line/

[Think1st]

Yeah yeah wait 2 years to get your $15 bucks or so..

Fun post of year sadly
Whenever I hear ..lets sue the co ..let's get a lawyer. let's SLAM him / co with this or that.lets teach them a lesson lol 😆
I sadly laugh ,because I know, usually the victims get $10 -$50 bucks

Here is sample of suing and the results ,and this is BIG co called EQUIFAX

https://www.doctorofcredit.com/equifax-class-action-settlement-minimum-125-per-affected-person-more-for-those-that-incurred-damages/

[Drugdoctor]

Usually takes about 2 to 5 years to settle shit like this. I expect they will file bankruptcy soon and try to wiggle out of the lawsuits... Good luck to us!

[Charlye]

Thank you and Mathews...I received an email with just....case joined... too

[Drugdoctor]

I got a response" Renewable Innovations, Inc. Case Joined!
Inbox

Team 11thestate
Nov 19, 2024, 6:10?PM
to me"


and here is the link

https://11thestate.com/cases/renewable-innovations-investor-suit

[JMMatthews]

Not yet, but I'll post anything that comes in on that

[Charlye]

Have you received any response from 11th team or from Kirby lawyers?

[Think1st]

Yes..so sec is Not protecting shareholders. Its saying ,sorry you lost your 💰
Very sad that it's happened especially since hydrogen is the future.thats why we invested

[Renee]

An SEC revoked registration means shareholders still own their shares, but the shares can no longer trade on any public forum or market.

[Think1st]

Revoked..ok can't trade anyway..what does it mean Revoked. To protect shareholders lol from what

[Think1st]

What a shame hydrogen has so much potential .any hope for reii

https://www.ecoticias.com/en/elon-musk-stops-making-tesla/7170/

[Drugdoctor]

I hope you have a screenshot of some of those lies. I figure they will just file chapter 7 and we might get 5 cents on the dollar - or something... But anything is better than nothing. What a scam this ended up being.

[JMMatthews]

Thanks for those links Drugdoctor. I've filled out forms on both those sites. I also commented on one of them, how the CEO held a shareholder's teleconference just before the stock was delisted, telling us the filings were in the hands of the accountants, and while they might be late they were definitely in the process of being delivered, which obviously never happened.

[Drugdoctor]

Here's another attorney on the REII case:

https://www.kmllp.com/cases-investigations/renewable-innovations-inc

[Drugdoctor]

I guess the stock story is now over. Only the class action lawsuit could recover anything, and that likely won't be but mere cents on the dollar, if anything. What a couple of old scammers these folks were.

[Renee]

REII: SEC registration revoked:

https://www.sec.gov/files/litigation/admin/2024/34-101674.pdf

[Drugdoctor]

Class action lawsuit has been filed - Here is a link to a company that says they will help you join the lawsuit.

https://11thestate.com/cases/renewable-innovations-investor-suit

[Charlye]

Please let me know if there is any class action lawsuit…

[Drugdoctor]

So do you think the clowns at $REII bothered to respond?

[Drugdoctor]

I certainly will like to join the class action lawsuit.

[uksausage]

Still pretending to get current….

Section 1 – Registrant’s Business and Operations

Item 1.01 Entry into a Material Definitive Agreement.

On October 15, 2024, we executed an Asset Purchase Agreement (the “Agreement”) by and between us and Renewable Energy, LLC, a Delaware limited liability company (the “Buyer”). Pursuant to the Agreement, we sold assets of our renewable innovation business, including the manufacturing, selling and renting of alternative energy and hybrid energy systems including ac power and dc power systems, which includes the integration of fuel cells and technology using fuel cells as a source of power (collectively, the “Renewable Business”). The sale did not include business related to our large suppliers and client agreements, our domain names, or our goodwill and going concern value. We will enter into a Reseller Agreement with the Buyer and continue to sell or rent products with our branding to existing customers developed over the past three years as well as new customers. The Parties will work together to generate business for their mutual benefit.

As consideration for the sale of the Renewable Business, we received total consideration equal to $4,685,216 in the form of (a) the assignment of $1,077,922 in promissory notes owed by us to C. Brilliant, LLC to Buyer, which notes were cancelled, (b) $1,173,378 in cash advances already made to us by Buyer, and (c) $2,433,916 in cash, which will be used to pay off liabilities and provide working capital for operations, including getting current in our filings with the Securities and Exchange Commission. We also received two percent (2%) of the equity in Buyer.

Section 2 – Financial Information

Item 2.01 Completion of Acquisition or Disposition of Assets.

The disclosure in Item 1.01 is incorporated herein by reference. The sale of the Renewable Business did not constitute a sale of substantially all of our assets.

Section 8 – Other Events

Item 8.01 Other Events.

On September 27, 2024, a Class Action Complaint was filed in the U.S. District Court for the District of Utah against us, Renewable Innovations Corp., Robert L. Mount and Lynn Barney by Alex Aliksanyan, Thomas Grbelja, William McLeod, and three others alleging violations of Sections 10(b) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 thereunder, against the individual defendants for breach of Section 20(a) of the Exchange Act and breach of fiduciary duty, and asking for an injunction blocking the transaction described above in Item 1.01. We believe the allegations are wholly without merit and for the sole benefit of the plaintiffs to the detriment of all the other shareholders and intend to move to have them dismissed as soon as possible.

[Think1st]

8k out 

seems they sold business, though have the right to still sell their products..

[Drugdoctor]

So the scammers have 10 days to answer, otherwise the stock will likely be suspended for 1 year or registration totally revoked by the SEC.

Let's see what these lowlife scammers do now.

[Renee]

REII SEC Admin. Proceeding for severely delinquent Financials:

https://www.sec.gov/files/litigation/admin/2024/34-101364.pdf

[Drugdoctor]

Hydrogen day

This Hydrogen Day, we’re proud to highlight our EmPower Lite hydrogen-powered UPS, now en route to New Zealand! It’s delivering 160 kW of clean, reliable power to help decarbonize transportation hubs and reduce their carbon footprint. The journey to a greener future starts here!

— Renewable Innovations (@RenewableInnov2) October 8, 2024

There is NOTHING proud about your company, and the fraud that has happened with your stock because you refuse to file financials and your stock was banished from even the lowly pinky sheets, and now your stock shows a worthless price of .0001 per share. Shame Shame Shame https://t.co/yjijmgwaHq

— Drugdoctor1 (@Drugdoctor2014) October 8, 2024

[Drugdoctor]

It's already 0 value

[Charlye]

Great news to go to 0 value…zero

[Think1st]

https://www.ecoticias.com/en/water-based-hydrogen-engine-hypercar/6197/

[Charlye]

It is amazing to see how Robert Mount with his age do things like this…poor Bob in the future and por of us in the present

[Drugdoctor]

More like an evil clown fraudster

[Charlye]

Mount is a clown

[Drugdoctor]

$REII reduced to being product middleman - a reseller of products that are way too expensive at the prices they are trying to get. Another failed venture for the old men running this scam.

Keep your food and drinks cool for up to 10 hours with this lithium-powered portable refrigerator! With 50L of storage, rapid cooling, and the ability to charge via AC, DC, or solar.

View the cooler here:https://t.co/6ZUHm0pD2J pic.twitter.com/S8AQ1btLR2

— Renewable Innovations (@RenewableInnov2) August 30, 2024

[Loudanepro]

The the same reason that any company goes public…

[Charlye]

Very disappointed

[Drugdoctor]

They're scheduled to file on or before the 12th of never

[Charlye]

New portable products offered by REiI…seems to be that the company is active, when they file ???

[Think1st]

Let them go to a bank!!
Or don't start with other people's money.
Oh I got an idea ..everyone give us money..ALL the money goes into filing..you know how much filings cost?? A ton!!!
Then they file wrong cost more money.
Thats why I say

What is co business??? Sell shares

[Drugdoctor]

They can't sell any shares for fund raising while they're on expert market. Defeats the purpose of being a public company.

[Think1st]

Why should they get out of expert market. They are doing fine ..selling products. Making orders, even paying someone to answer the phone , co doing ok.
They don't have to report to shareholders..life is great

[Loudanepro]

You guys gonna buy if this gets out of expert?

[Charlye]

What a great da yfor REII...very low volumen though....hopes never die

[Loudanepro]

:)

[Drugdoctor]

Those that can trade the expert market, trying to get longs to give up and sell at .0001. Same old market manipulation over and over again. SEC doesn't care about penny stocks - basically the wild wild west.