Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Float under 547M. Last split 2007. Yeah, real scammy.
NOT
RNWF
RENEWALSCAM
RNWF SCAM
PR release: SEATTLE, WA /OTC MKTS/ November 2, 2021 / Due to several inquiries from shareholders reaching out about Renewal Fuels Inc. (OTC PINK: RNWF) recent press release from October 28, 2021. Below are some informational points to help provide further clarification:
1. How were the Financials of Sunshine Hemp calculated?
The cotton price hit $1.15 on Friday, 10/29/21. With a 2.5x multiplier, it puts hemp fiber wholesale price at $2.85/lb. Sunshine Hemp expects to manufacture 3025 tons per year, which translates to an estimated 6,050,000 lbs. of hemp fiber in the first year, with an estimated value of $17.25 million dollars in revenue, fluctuating with cotton commodity prices.
The conservative revenue from Sunshine Hemps Hemp Innovation Processing center in the first year of production is expected to be $20,000,000 gross revenue including the by-products. In the second year they are expected to double this to $40M. With increased demand, Sunshine Hemp has the capacity to increase production with additional shifts and crops.
2. What about the by-products created by processing hemp?
Sunshine Hemp will be producing several by-products like hemp seed oil, hemp-based protein, hemp-based baby formula etc. to use the whole plant, which will generate additional revenue.
Hempcrete blocks for sidewalk construction will be manufactured to sequester carbon, which will allow Sunshine Hemp to earn carbon sequestration credits.
The gasification process to reduce hemp hurd to carbon for sequestration, will also generate heat/gas which will be used to power generators on site or sold back to the grid.
3. What is the grant timeline for Sunshine Hemp?
Phase one grant application was submitted on 10/19/21, for research, planning, equipment, and site selection. This is expected to be announced in mid-December 2021, with money in hand in January 2022.
Phase two grant application will be submitted in Q1 2022 for $9.25M out of a total package of $75M.
new tweets
After our recent PR regarding @sunshine_hemp, a few questions have popped up - we want to answer!
— Renewal Fuels, Inc. (@RenewalFuelsInc) November 2, 2021
Q2: What about the by-products created by processing #hemp? $RNWF @alkabadshah pic.twitter.com/KD7GwzZdgb
very well said!
The pump is inevitable here. Load these cheap 005's and then watch it fly
The history of GRNF and HPST are interesting. But both went from sub penny to well over a dollar. Absolutely incredible runs. I'm sure lots of people bought high and lost a lot. But many bought early and made a ton! That is the nature of the stock market. If RNWF does anything similar to what happened with those, anyone buying now will be VERY Happy. And I'm not saying it will, but from here to even a penny is a double. You may be right with you're suspicions of JC and Alka. But maybe you should wait till the stock runs a little (which it will), before you warn people.
This post was surprisingly informative. I might not agree with everything that you wrote, but at least it has the information explaining where you are coming from. Much much better than neverending zero information containing 'scam' posts. Thank you.
Why is it so hard for anyone to understand that she was just as involved with the GRNF & HPST scam as JC is? Once they cashed out & the scam was over, JC announced he was gone and so did Alka. She then publicly blamed the shareholders who were holding long and VERY red for the fall of GRNF. Then she scrubbed her profiles of anything to do with GRNF & HPST and refused to acknowledge anyone who asked her why. Then she was named CEO of RNWF.
She is DEFINITELY in on the scam. If she isn’t and claims to know nothing about it, then that makes her VERY incompetent.
The writing is on the wall and people who buy into the RNWF scam will be screaming at these scammers soon enough….just like we all did who lost thousands to them in the past. Can’t say we didn’t try to warn people.
From now on I’m going to be sitting on the sidelines, not saying anything & just waiting for that moment when I can yell I TOLD YOU SO. I won’t have to wait long.
JC maybe. Alka definitely not. Just watch.
Nope wrong again
You are exactly right! JC & Alka will go to prison & all assets seized, RNWF will be halted forever, everyone who invested will lose $$, and I will yell very loudly TOLD YOU SO!
Rude awaking coming.
SEND YOUR $$ TO NIGERIA, LESS SCAMMY
Back to the loading zone! Will be buying as much as I can. The massive pumped here is inevitable with who the players are behind RNWF. Hate them or not this will print!
Well there was over 150k dollars of shares bought today...guess Noone is interested huh
Yeah I heard you the first thousand times.
You answered your own question. IT IS A SCAM
Lol alka will be in prison with JC in 2022
Just a convenient day to shake out more ppl, imho.
Strange, we have a good PR and price tanks.
Wonder why.
Yes we know about the scam claims but nothing new there.
Anyone with insights please share.
HAHAHA News out, PPS headed down
People know it’s a scam and are staying far away from JC & the scam crew.
I posted this reply already in here….just do some reading. Delarge was a paid pumper of GRNF & HPST. He’s just another piece of the puzzle that will help put JC and the scam crew in prison.
Renewal Fuels Inc. (RNWF) Announces Initiation of Florida Hemp Fiber Innovation Project
Press Release | 10/28/2021
Sunshine Hemp subsidiary aims to disrupt textile industry with cottonized hemp production facility, bringing jobs and economic potential to North Florida
SEATTLE, WA / ACCESSWIRE / October 28, 2021 / Renewal Fuels Inc. (OTC PINK:RNWF) (the "Company") today announces that its subsidiary, Sunshine Hemp Inc. has applied for a planning grant to fund its "Florida Hemp Fiber Innovation Project," a regional industrial hemp processing facility that will "cottonize" hemp for commercial textiles. The Company forecasts that Sunshine Hemp will recognize revenues of approximately $60 million within the first two years of production as it introduces an impactful new industry to the State of Florida.
A picture containing textDescription automatically generated
Recognizing changes in the hemp cannabidiol (CBD) oil market and dislocations in the supply chain for farmers in the state, Sunshine Hemp's goal is to create, develop and prove feasibility of a prototype production facility and seed variety testing farm for the early steps of full commercialization of hemp in Florida. This will be a business sector incubator for the state; Sunshine Hemp will not focus on the CBD biomass or CBD components of the market.
"Sunshine Hemp is building a seed-to-sale infrastructure, satisfying the growing demand for sustainable materials and giving a much-needed push to Florida's economy, workforce and farming industry," stated Alka Badshah, CEO of Renewal Fuels. "The goal will be to jump start the development of a regional hemp fiber industry in North Florida using Florida State-approved hemp fiber seed genetics."
Funding, Economic Impact
Sunshine Hemp is working in cooperation with the Apalachee Regional Planning Council and Florida A&M University as part of its submission of a major planning grant to the U.S. Economic Development Agency (EDA), entitled "Forgotten Coast Coalition - Build Back Better Regional Challenge."
The key to this opportunity - and Sunshine Hemp's portion of the proposal - is to develop a state-of-the-art Hemp Innovation Processing Center in North Florida that will be a viable demonstration center as well as a commercial facility to produce cottonized hemp along with other hemp-based products such as hemp seed oil, hempcrete, hemp protein powder and others.
Phase I funding of the processing facility will cover seed genetics research, fiber processing equipment acquisition, and setup expenses. The funding will enable an industrial hemp processing and manufacturing capability with region-wide impact, which will convert the raw product into cottonized fibers as well as produce other derivatives and products. The EDA planning grant funding will allow Sunshine Hemp to finalize site development, construction plans, and equipment acquisition required by full grant funding in Q1 2022.
In addition to financial benefits for Sunshine Hemp, this project will provide several intangible benefits for the state of Florida including, carbon sequestration, production of sustainable materials and support of a new scalable industry in the state. It will create employment for about 50 workers directly and many more indirectly. All workers employed by Sunshine Hemp, including the blue-collar jobs, will meet or exceed the maximum rate of the U.S. living wage at or above $18 per hour.
This will also provide farmers in the region with a higher value / faster turnaround crop to replace the timber production enterprises devastated by Hurricane Michael and other storms.
In the first year of production, Sunshine Hemp conservatively projects about $20 million in revenue from finished fiber and other byproducts produced, with a margin of roughly 48%. In the second year, the company anticipates doubling that revenue to roughly $40 million and the margin goes up to 65%.
Cottonized Hemp Creates Scalable Opportunity
Sunshine Hemp is teaming with a hemp fiber processing technology company with a proprietary process to develop cottonized hemp fiber. The process utilizes ultrasonic waves in water to remove all the resins and abrasiveness of the fiber. This process allows the fiber to be directly utilized in current cotton mills without equipment changes or adjustments. The processed fiber can be immediately substituted as a raw material input in lieu of cotton, producing a higher value consumer product without factory modifications or product redesign. In current world markets, cottonized hemp fiber maintains a value multiplier of 2.5 times the value of cotton fiber.
Sunshine Hemp anticipates it will produce two crops of hemp fiber each season in North Florida and possibly three in South Florida. The production lines can be scaled to handle more hemp as demand grows. Each of the fiber line set-ups will produce 120 tons of cottonized hemp fiber with one shift per year; with two shifts, the output grows exponentially. The company's goal is to produce hemp seed oil and hempcrete that will require additional processing machinery which is much less expensive than the cottonized fiber machinery.
The Natural Fiber Market
Cotton
Hemp fiber is categorized as a natural fiber for world commodity markets. Cotton is the dominate natural fiber commodity, capturing ~85% of the world market and establishing the natural fiber pricing for the world.
As of this writing, the current world price for cotton is $0.95 per pound. Forecasts of current production and consumption are allowing the pricing to be at the higher range not seen since 2011. Cottonized hemp fibers are an equal or better substitute for cotton, as the farming and production processes are more sustainable for hemp. As cottonized hemp fibers have begun to enter the natural fiber world markets, demand has been extremely high with supply being extremely low.
Sunshine Hemp is in discussions with two separate hemp fiber "cottonization" processing facility manufacturers. The company has discussed technology options with various U.S., Asian and European hemp fiber processing companies and is comparing quality, costs, capabilities, and adaptability to Florida. In addition, these manufacturers have distributors and denim and outerwear manufactures interested in purchasing U.S. grown hemp fiber.
Though demand for end-use hemp fiber products in the U.S. increases each year, there are very few hemp fiber production facilities in the U.S.; as of this writing, there are none in Florida.
Due to the U.S. supply deficiencies, clothing manufacturers are required to import the thread or materials from outside countries. Many small startup companies are forming and developing a small domestic availability of fibers, thread and material, but manufacturers are still seeking outside sources for large and continuous supplies. Sunshine Hemp aims to change that.
"It is our goal to produce fully researched Florida grown hemp fiber genetics and develop an industrial-scale hemp fiber processing facility that will produce hemp fiber at a consistent high-grade cottonized quality that will meet the specifications and needs of major clothing and apparel manufacturers," stated Sunshine Hemp President Jeff Sharkey. "This could make Sunshine Hemp and Florida a leader in this emerging hemp fiber industry."
CONTACT:
Dr. Jeffrey Sharkey
President, Sunshine Hemp
JeffreyShark@gmail.com
Doug Warren
Vice President,
Doug.Warren@SunshineHempFl.com
Delarge's case is irrelevant. He's been got for spom and scie
I don't follow. The filing you linked is about Steven Gallagher(aka Alex Delarge). What does he have to do with RNWF? How is he relevant to this company?
The post said: "News out, dlars, bux and jc all get jail sexed." Where are the links for all of them? Is it a true statement? If not, why is the post still up? I'm all for scammers going to jail, but lets not post inaccurate information.
https://www.justice.gov/usao-sdny/press-release/file/1444651/download
Is this legit enough ?
Costello’s own defense attorney filed in court the pending criminal actions against Costello.
That is an easy find. I am sure someone will add that one too.
Bux is, well let’s just say, next…maybe. In my opinion
Is this factual? Do you have a link?
News out, dlars, bux and jc all get jail sexed
WRONG AGAIN JC's scam crew working in the shadows flipping it over and over again just like GRNF & HPST. Its so obvious what he is doing yet people refuse to believe it. Oh well it's not my money, IDGAF just trying to keep him from stealing more.
This is being accumulated pretty nicely for a few weeks tick tock
When the Feds seize all of his assets and close down all of his scams, RNWF will be dissolved and shareholders will be left with $0.00. That is why GRNF was abandoned and you hear nothing about HPST any longer. They are ALL COSTELLO SCAMS and will be totally worthless very soon. Alex Delarge was just charged with stock fraud and he was working with JC & Kat to pump the stock back when alot of us were in the GRNF & HPST rooms. That is a proven FACT. They are coming for JC and his entire scam crew.
WRONG AGAIN! The price keeps going up. Some of us will make money.
He can only sell his shares once. Either he already sold at these prices and therefore it won't crash. OR he is waiting for higher prices and we also can make money.
WRONG AGAIN He got shares WAY cheaper than everyone else
So if he is going to be rich, so will we.
Investors of anything he has his hands in are making him rich and pushing this scam before he goes to prison is how hes making loads of money. You are correct they will take everything....that they can find. Scumbags like him are good at hiding money
I thought short term and long term JC=jail? If he goes to jail, the government will sell his assets. Are you saying that he is not going to jail? Is JC going to be rich or is he going to jail?
.0047-.0050 short term, long term = JC rich, shareholders BROKE
.05-.10 short term. Long term, gold.
It will run. Don't think dollars is likely, but 0.02 should be easy. Easy 3x your money from here, imho. At which point one should sell at least half of it, an then ride the remaining shares for free.
Just like George Sharp, until his stocks ran...
One big difference now than before, Costello's reputation is known throughout the OTC, the majority won't even get close to anything he touches, he even just got dropped by his lawyers for non payment.
The will be massive pump very soon! Get loaded and play the game!
Management is a bunch of scams but they know how to put up huge pumps. I can see this going to $1+ Just because they players involved. Take emotions out load up.
I agree, it will just take some time to go up into penny land. Plenty of people made money on those other related companies. You just have to know when to get in and when to get out.
JC and the scammer crew have millions of shares WAY cheaper than any of you bought for so WRONG AGAIN
It has a lot to go up, before it can crash. This is a bottom, and it is only starting.
Just like GRNF & HPST, the price will crash because the scammers will take their $$ out and leave shareholders holding onto bags. You all know its coming.
Followers
|
440
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
39760
|
Created
|
04/27/06
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |