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Here is what im looking at in respect to Learman-
I read some fairly "detailed" information on some of those documents, that most of the long time shareholders here know for a fact to be in error.
Simple history and simple internet research shows that there is some information being purported as truth, but is really in 100% error.
Just as I tell everyone thinking about investing here, or in any other play, do your homework, and make sure you know what you're investing in.......... or trying to make a defense about.
Just for an example: It's pretty clear that Nemes didn't create Aqua Finance, and even if he did, he didn't do it as a vehicle to scam people with: https://www.aquafinance.com/history/
"Hoping this becomes a TV mini series when it's all done."
Definitely enough drama for a #1 hit show.......sigh.........
I don't think she was allowed to represent herself either. My read on that ruling was that she wasn't recognized by the court in that jurisdiction, and had to file anything she wanted through the defendant's attorney. (I might have that wrong.)
Waiting to see what the ruling is on the change of venue.
The "friend who's not a friend" is interesting, but I can't make the connection anywhere on that one. Has me baffled.
Hoping this becomes a TV mini series when it's all done.
In the past week and all in my opinion of course here is my take on what has transpired after reading the reports filed.
Learman attempted to take over as lead attorney for all the defendants and was denied. She was granted to represent herself only.
Learman has attempted to move the case to another jurisdiction for reasons such as~ a friend who is not a friend who was reported to the police department as a friend of lameria's claimed to threaten to do harm to Lameria. Lameria had safety concerns(ironic huh??). Lameria has not yet cooperated as requested by the presiding police department in that matter.health matters for family members such as her husband and child(children). Proximity of all defendants(except Lameira and his companies) and RENUEN personnel.
IIRC, the original complaint in the RICO case asked for "injunctive relief". IMO, the sooner this is ruled on the better. Until then, I think we can expect to see some pockets of activity here and there.
Maybe once they have all the John Does named, they can do an all encompassing injuctive order and put a stop to the childish games.
Looks like the judge in the case is taking a lot of things seriously. Good to see.
Forgive my skepticism, (I've been burned here before), but that's a pretty deep, pretty out of the ballpark question/statement for a first time post.
Link me to the PR you're referring to, or all of them, since you claim there is a "few" and I will get you details.
Yep! Domain registered by Rene Woodhead Jul-09-2014
Domain Name: GOGREENSAVEGREEN.US
Domain ID: D45914717-US
Sponsoring Registrar: GoDaddy.com, Inc.
Sponsoring Registrar IANA ID: 146
Registrar URL (registration services): whois.godaddy.com
Domain Status: ok
Registrant ID: CR172047453
Registrant Name: Rene Woodhead
Registrant Address1: 926 W Kalmia Dr
Registrant City: West Palm Beach
Registrant State/Province: Florida
Registrant Postal Code: 33403
Registrant Country: United States
Registrant Country Code: US
Registrant Phone Number: +1.5613068830
Registrant Email: growthgraphicdesign@gmail.com
Registrant Application Purpose: P1
Registrant Nexus Category: C11
Administrative Contact ID: CR172047455
Administrative Contact Name: Rene Woodhead
Administrative Contact Address1: 926 W Kalmia Dr
Administrative Contact City: West Palm Beach
Administrative Contact State/Province: Florida
Administrative Contact Postal Code: 33403
Administrative Contact Country: United States
Administrative Contact Country Code: US
Administrative Contact Phone Number: +1.5613068830
Administrative Contact Email: growthgraphicdesign@gmail.com
Administrative Application Purpose: P1
Administrative Nexus Category: C11
Billing Contact ID: CR172047456
Billing Contact Name: Rene Woodhead
Billing Contact Address1: 926 W Kalmia Dr
Billing Contact City: West Palm Beach
Billing Contact State/Province: Florida
Billing Contact Postal Code: 33403
Billing Contact Country: United States
Billing Contact Country Code: US
Billing Contact Phone Number: +1.5613068830
Billing Contact Email: growthgraphicdesign@gmail.com
Billing Application Purpose: P1
Billing Nexus Category: C11
Technical Contact ID: CR172047454
Technical Contact Name: Rene Woodhead
Technical Contact Address1: 926 W Kalmia Dr
Technical Contact City: West Palm Beach
Technical Contact State/Province: Florida
Technical Contact Postal Code: 33403
Technical Contact Country: United States
Technical Contact Country Code: US
Technical Contact Phone Number: +1.5613068830
Technical Contact Email: growthgraphicdesign@gmail.com
Technical Application Purpose: P1
Technical Nexus Category: C11
DNSSEC: unsigned
Name Server: NS1.BLUEHOST.COM
Name Server: NS2.BLUEHOST.COM
Created by Registrar: GoDaddy.com, Inc.
Last Updated by Registrar: GoDaddy.com, Inc.
Domain Registration Date: Wed Jul 09 15:12:44 GMT 2014
Domain Expiration Date: Wed Jul 08 23:59:59 GMT 2015
Domain Last Updated Date: Thu Jul 10 20:27:00 GMT 2014
Name Value Pair: Variant=GOGREENSAVEGREEN.US
Nice.....noticed that a week or so ago but didn't research it enough......looks like a replacement for PTAC.
Moving forward.........
Yep. I did see the receivables piece and the explanation for it. Also now able to keep a closer eye on the RICO case. Personally don't expect much news until the case is finished but do expect to see , thru filings, the company attempting to move forward.
They will.......
Agree!Not a lot more.Some info about the future receivables for those who were afraid about a perpetual Note...
Gogreensavegreen.us = Authorized Dealer of RenuEn Corp ==>
Solar Assisted Air Conditioning
- RenuEn is the “Exclusive Dealer” in Southern & Central Florida for Solar Cool
- RenuEn maintains an A+ BBB rating
- RenuEn has more than 18,000 happy customers in Southern & Central Florida
http://www.gogreensavegreen.us/residential/solar-assisted-air-conditioning/
RenuEn SaveGreen Attic System
- All across America, a Harvard study shows that more than 46 million homes are estimated to be under-insulated, which accounts for billions of dollars in energy waste each year.
http://www.gogreensavegreen.us/residential/renuen-savegreen-attic-system/
Other than what has already been discussed here in regards to orders for subpoenas I only see a few extensions to respond filed and granted to defendants. Looks like they have till around the EOY to respond to the lawsuit(claims).
RENU: Update today on RenuEn the Truth ==>
http://renuentruth.wordpress.com/
Pressing Onward
Wednesday, 03 Dec 2014
Despite an all out assault on the company and it’s management team over the past several months, RENU has moved ahead on at least a few different fronts. While the Federal RICO case is first and foremost, the Q3 financial report also gave some indications of prospective new business.
As announced previously, the company is pursuing it’s civil lawsuit against several defendants believed to have been orchestrating or involved in the online smear campaign. Read the company announcement here. Also, since this suit is being handled on the federal level, access is provided to individuals with a PACER account. The account is free, however each page that is downloaded will cost the user $.10. Occasionally, documents are made public, and can be downloaded by the viewing public free of charge. Such is the case with Document 47, Order Granting Motion for Discovery.
An online user alias provides a certain level of anonymity, however, especially when it relates to libelous material coupled with the racketeering accusation, these aliases can be uncovered and the true identity of the poster can be revealed. Such is the case with Document 47- The experts hired by RenuEn have proven to the court the necessity and importance of revealing these previously anonymous individuals, so that they can be included as defendants in the civil suit. The granted motion now allows subpoenas to be issued to several hosting websites, and the information used to create the alias will be provided to the court.
A few side notes: This step should alert even the sincere poster to temper their online posting, and not let emotion or the winds of change rule what they include in a public posting. Also, we live in a country where we enjoy the presumption of innocence until proven guilty, and this applies to the defendants in this case. Ironically, that same presumption was not applied to RENU, nor it’s management, nor it’s shareholders during the online smear campaign. Each and every one of those posts were accusatory, demeaning, judgmental, and offered no evidence or proof of wrongdoing, only conjecture, innuendo, and blatant falsities, convicting without a fair trial, yea, even a trial at all.
Q3 financials were published just before Thanksgiving Day. Many shareholders, not expecting any thing great in terms of revenues or growth, were disappointed that they were late in filing, and the much hated “Yield” sign was back in place for a few days only added to some’s discomfort. However, there were some highlights, and there were a few areas that needed further explanation.
Some of the highlights included a potential hotel and resort deal for energy efficient upgrades, as well as a possibility of developing a green community in Florida. Another highlight was the exclamation mark put at the end of the civil suits that were filed in Florida, and the fact that they had been resolved and are no longer in consideration. Another note was made indicating that there could be a civil suit against the Coral Springs Police Dept for their part in posting a fraud alert against RenuEn on their Twitter and Facebook pages. All of these things, in the opinion of this writer, indicate that the company is moving forward on several fronts, and making the very best of a very bad situation.
One of the major hurdles that shareholders read about in the financials, was a deal that was made that paid a percentage of future receivables to a merchant in exchange for a loan.
On September 11, 2014 the company sold thirteen percent of its future receivables to an unrelated third party allowing the company to continue operations. This transaction did not involve the issuance of any stock or equity in the company. The purchase agreement was personally guaranteed by certain officers of the company.
On September 29, 2014 the company sold 6.53% of its future receivables to an unrelated third party allowing the company to continue operations. This transaction did not involve the issuance of any stock or equity in the company. The purchase agreement was personally guaranteed by certain officers of the company
It appears that one shareholder did contact the company and received a clarification of this deal. Without trying to reinvent the wheel, it appears that a cash loan was made upfront, and the repayment is made only on future receivables. This allows the company to continue operations, and not be encumbered with a monthly payment, only having to make payments when actual sales take place. It was also indicated that there is a definite payoff on the loan, and it does not continue indefinitely. (Please contact RenuEn management or IR for additional information if needed.)
Although this is not the RENU that investors nor management wished to see at this point in time, it is very certain that management is pressing forward on it’s quest to establish itself and to become a profitable growing company. Unfortunately, that path includes a civil lawsuit that must be tried in a court of law, but it will hopefully provide a clear reputation for the company and it’s management, and provide for a solid basis from which to once again begin to rebuild itself. All of this will take time. Just need to keep pressing onward, a little bit at a time.
Yes. The "uninformed" future/potential client/customers and shareholders is what's the issue at hand is.How does renu fix this as so to move forward without all the nonsense??
It's clear renu is here(planet earth) to run a very profitable small business with the intent of big growth. But that wouldn't be clear at first glance to folks that don't do research and only a quick search as you pointed out before.
Million dollar question>>>>> what/how does renu move forward with only normal obstacles to hurdle once this nonsense is behind them??
Hell if I know, but we have plenty of time to throw it around and think about it, whether we like it or not.
I don't know how one goes about getting all of this garbage "in the past", and I have no idea what the company's plans are. I would assume that nothing is on the table or in the works until this Federal case is resolved, and that could be awhile.
Who knows? Maybe there will be enough publicity about this whole Federal case that RENU comes out on top in the arena of public opinion?
Problem going forward will be that any potential new investor will find the smear garbage and ask for clarification, and we will have to do the "broken record" routine....
Just when I thought it was safe to throw out all the Shaka Shoes research I had accumulated......
Any old timers left here that think Famous Eddie's will give me free chicken if I wear my ShakaZorbs?
I see. Assuming it would be a solid idea for nemes to look into a company name change AFTER all this court stuff is done. At first thought it Seem like it would only make sense. The bonus to that would be> by changing the name it would also differentiate the current company from the old......Ie St. Cloud , D Woody and all.
Renu
Hey just? I'll give you a "for instance" and if I take a beating over posting this, well so be it.
Simple Google search, using very common terms related to RENU. Found this on page 4. Pages 1-3 had 99% smear garbage on them. How many people are going to wade through 30-40 negative links to find 1 good one? Most people are lucky if they get half way through page 1. (And yes, the reason I find a bunch of stuff that I do, is because I'll wade through 30 pages of Google links looking for valuable links.)
Here is what I found on page 4: http://www.irenuen.com
This is new and not announced. Appears as though it's a tool to gain awareness and generate business. From the Google link, there is a Sept 4, 2014 date, so it appears to be rather recent.
There's more out there, but like I said, I'd rather let the company announce it and PR it, then to have me jump the gun and get the info or intent wrong.
The fins mentioned a possible renovation on a hotel and resort in Kissimmee. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=108567647 Has anyone done any research on this? Also, it says in talks to develop a green community, and in talks with resort and hotel owners to complete energy efficient upgrades. This is potential new business and shows progress. This is the kind of stuff I live on. It's surprising what one can find when one thinks he is looking in a different direction.
Anyway, I have more work to do.
Best.
Here is the problem: RENU continues to pursue it's business plan and also to increase it's business ventures, but what happens when new business is approached? They do their Due Diligence, and by and large, that means internet research, and what do they find? Yep, the smear campaign.
So, what is Nemes and company practically forced to do, in order to not only grow the business, but maintain it? They have to put out an offensive front against the smear and against any and all involved. Not only that, but we all know that the internet is forever. Anything that has been posted publicly can be found by anyone with even rudimentary computer skills. So, even winning this Federal case, will not remove all of the garbage that has been posted. (See the Order executing the subpoenas- that was one of the big arguments in getting the Order passed).
It's pretty clear that business has continued, although hampered, as seen in the latest fins. Also, if one does some basic Google searches, and has a good recollection of RENU history, that some deals have possibly been struck. Why not announced/PR'd? I don't know- maybe it's timing on the Federal case, maybe the deal isn't solidified yet, I'm not sure. But, as always, I'm not going to be the one to publicly announce any of it, until we have confirmation, and that confirmation via a company issued announcement.
I would love to see the "smear thing" in the distant past, and business as usual progressing, but I do not believe that we are far enough removed or insulated from it yet.
JMO, and I would definitely like to be in a different set of circumstances, but understanding the scope of what has transpired, and the ramifications of same, I'm willing to sit and wait for some more developments in the Federal case.
Best.
Found this interesting site for home owner(s) interested in solar
http://mobile.solar-estimate.org/?aff=1&cam=23
RENU
Since the smear campaign is done, I would like to see what has been done to continue business operations, such as partnerships. I heard there was things still being done during all this show me some proof we still have a viable business we are investing in, We have heard nothing of the business side of things and only about the smear campaign. Lets here about something business related.
I've been waiting a long Time for this happen
Good , still holding onto the "threats" made in the midst of all this nonsense.......cuz.......once this case is over, and I'm predicting a rather crystal clear and easy judgment in RENU's favor, it will be on to the next one. Must remember we are invested(even those that were invested and aren't currently)in a company that these people harmed irrevocably imo. Share price was what??.15 and on its way up....now at .025.
Any new internet abuse you've run across in the last few weeks?
Subpoenas are going out this week to identity the true names and addresses of all involved who posted and/or fostered the smear campaign vs RENU, it's management, and it's shareholders.
http://docs.justia.com/cases/federal/district-courts/florida/flmdce/6:2014cv01754/303657/47
Should get real interesting, real quick.
Best.
I agree. I'm not up 100% on commercial lending practices, so "factoring" is something I'm not familiar with.
Now that I understand the details of the deal, it makes a lot of sense and seems like the right fit, at the right time.
Best.
That is more better than sold. It was just the way it was worded made it sound permanent.
OK, I got clarification on the receivables deal:
What was done, is a form of "factoring" (See here: http://www.rtsfinancial.com/guides/what-factoring ) In the case of RENU, the money was put upfront, and is being repaid at the 19.53% rate on future receivables until the total amount is paid off. This is NOT an open ended, never ending deal.
The benefits from this type of deal, over a loan, is that there are only payments made when there are actual sales, unlike a typical loan, where payments must be made on a regular basis, irregardless of circumstances.
This deal provides immediate capital in order to maintain and continue operations, and only gets repaid when actual sales occur. Once paid in full, it is a done deal.
Hope I've explained this well enough.
I think some of them are the owning companies of sites like ripoffreport and pissedconsumer. They seem to be the biggest "offenders" so pretty sure they will be the targets.
Yes and no. Yes, that document spells it out pretty clear. No, being extremely busy and lazy in free time lately I have not looked for my access info. To pacer. Will try this weekend.
Ps-never even heard of a couple of those sites......this slander campaign must have been more extensive than I knew/thought???
Snizz? Did youy get your PACER password figured out? Looks like judge agreed to get subpeonas issued to discover who's behind the aliases on multiple sites, so they can be listed as the "John Does".
Even if not, look it up on Justia.com I think the latest document is in the clear for any and all.... I wasn't currently signed in, when I saw this......(saved me 10 cents)
http://dockets.justia.com/docket/florida/flmdce/6:2014cv01754/303657
Presumably not, and here is my reasoning:
The "deal" for receivables was made in September, according to the fins. At that time, the Kritsky suit vs RENU was still in force. It wasn't "resolved" until November.
Therefore, I would surmise, that RENU would not make a deal over future receivables with someone who currently held a civil suit vs them.
"The settlement with Kritsky", is he one of the unrelated parties receiving a chunk of the future receivables?
I agree.thats why I can't figure out why anyone would think this was part of RENU's gameplan. Seems to be the furthest from the truth.
Also don't think nemes or any renu folks would have the nuts to file a federal Rico suit if they were involved and it was part of the "plan"......one thing anyone doesn't want to do is funk with the government.
I can guarantee to you, using the online smear campaign as my proof text, that this was not a contrived plan in order to reduce share price.
All anyone has to do is to read the garbage that was posted, and targeting specific individuals, to see that this was all above and beyond any form of human decency.
Add on top of that, the losses incurred by the last quarter, and you have the icing on the cake of proof that RENU was targeted and meant for destruction by outside influences.
The settlement with Kritsky verifies that cooler, more intelligent, heads came together, analyzed the evidence, realized what was really going on, and made the right decision.
Best.
"It appears to me that the company was in collusion to have the share value fall, not having the gumption or wherewithal to follow thru with the defamation lawsuit and the ricco just shows these guys all work together and are all in the same boat to screw us over"
I'm not sure what your referring too or looking at in order to come up with that conclusion.
It appears to me that the company was in collusion to have the share value fall, not having the gumption or wherewithal to follow thru with the defamation lawsuit and the ricco just shows these guys all work together and are all in the same boat to screw us over, such small time crap and renovating a hotel in Florida ain't shite, I have seen plenty of run down units there, that's not what I wanted to invest in, this blows.
Uhmmm.....first it was the fins being days late and now it's the fins aren't stellar?? Who would have expected them to be knowing what has taken place. Looks like the company is doing what they need to do to continue on at the current time under the current circumstances.
Guess we can cheer loudly once a harsh monetary penalty is, if/when it is, from the federal case.
Just noticed~ as previously reported it appears the only case left is the federal case renu has filed. Orange County case now appears closed.
Plaintiff KRITSKY, WALTER GEORGE STEPHEN DOUGLAS MILBRATH, Esquire
Retained
407-841-2330(W)
Events & Orders of the Court
DISPOSITIONS
11/21/2014
Joint Stipulation of Dismissal (Judicial Officer: Grincewicz, Donald E)
Comment (Sent Via E-Rec)
Party(
)
OTHER EVENTS AND HEARINGS
11/21/2014 Joint Stipulation for Dismissal
11/10/2014 Letter
to Judge
11/05/2014 Hearing (10:15 AM) (Judicial Officer Stroker, James)
Result: Cancelled
11/04/2014 Notice Cancellation of Hearing
11/05/2014 at 10:15am
According to my math, it will take over $2M @ 19.53% for a break even payback. IMO, this means someone has a very vested interest in RenuEn succeeding. Depending on who it is, and what they have to offer....... this could be more of an advantage, than a hindrance.
Just who has $450,000 laying around, that they can offer to a company in distress?
Anyway, back to my fridge trip that was interrupted by having to look at the forum.
Best.
IMO, all they did was factor their receivables for the cash to operate. Hope that is the case. Nothing wrong with that, businesses do it every day. If they did, then they didn't take on some toxic financing and dilute us!
Add this to my previous post (another reason for me not to post on a holiday, too many things are still in bits and pieces and I'm not posting with 100% clarity....... stupid turkey....)
On page 6 of the fins:
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 payments will be forever.
The statement of "allowing the company to continue operations" kind of sounds like extortion payments.
The company has recently begun expanding into the commercial construction field with the
anticipated signing of a renovation contract on a hotel and resort in Kissimmee Florida. The
project is scheduled to begin in early December and carry into the first quarter on 2015. The
company is also in talks with persons interested in developing a green community in Florida as
well as other resort owners seeking to complete energy efficient upgrades to their properties
throughout the Central Florida Market.
So now $19.53 of every $100 receivable is gouged off the top?
On September 11, 2014 the company sold thirteen percent of its future receivables to an unrelated third party allowing the company to continue operations.
On September 29, 2014 the company sold 6.53% of its future receivables to an unrelated third party allowing the company to continue operations.
Isn't it screwed up, if it's just a suckers play? There was a time I believed this to be a good investment, but now feel played. I am glad to of not added here but still hold what I have. Last summer I was in Jupiter and could not find their shop, should of sold then, I really hate being scammed.
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Market Value1 | $2,202,172 | a/o Aug 08, 2014 |
Shares Outstanding | 32,868,238 | a/o Mar 31, 2014 |
Float | 3,895,991 | a/o Mar 31, 2014 |
Authorized Shares | 500,000,000 | a/o Mar 31, 2014 |
Par Value | Not Available |
Contact and Inquiries for Investor Relations:
Sept 13, 2013 | RenuEn Corp Announces St. Cloud City Council Decision |
Sept 3, 2013 | RenuEn Corp Announces CNG Gas Purchase Agreement (UCF Incubator) |
Aug 30, 2013 | RenuEn Corp Announces Investor Conference Call |
Aug 24, 2013 | RenuEn Corporate Update |
Jun 19, 2013 | RenuEn Corp Announces Update to Expansion of Energy Solutions in Florida |
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