Renuen Corp. (RENU)

[outnabout]

Wish I had sold. Reality is, no one will buy this shell with all the legal issues it has. IMO, this will be dead for a long time.

[KrakenTaken]

I will never forget my boss and I had a call with him to discuss potentially running a call center campaign for the free audits .. after we hung up he looked me in the eye and said I would never do business with a man like that and I sold my RENU shares .

[outnabout]

Wish he would.

[KrakenTaken]

he should sell the shell

[ICBS]

Is the company still in business?
and how can the pps still remain at the same level when we haven't heard ANYTHING from the CEO?

[mysterymeat]

Another unsatisfied customer.
http://www.wftv.com/news/news/local/action-9-consumers-burned-solar-energy-company/nmyfH/

[KrakenTaken]

just sell me the shell already nemes

[janice shell]

You're welcome.

[outnabout]

Thank you for the response.

[janice shell]

No idea, but for what it's worth, the company's complaint against Lameira et al. has been dismissed without prejudice. The judge granted leave to amend. If the plaintiffs choose to take that route, the amended complaint must be filed on or before 17 August.

https://www.scribd.com/doc/274328777/RENU-Dismissal

[outnabout]

Anyone know if there's anything besides lawsuits in the works here?

[Snizzle]

Really?? Wow?


At first thought....seems like not enough for ruining an entire public business......imo.



Will need to sign in to pacer and see what's up??

[ICBS]

RenuEn Corp ?@RenuEnCEO 21h21 hours ago
"Judge Awards More Than $3 Mil. in Damages in Internet Defamation Case " on @LinkedIn https://www.linkedin.com/pulse/judge-awards-more-than-3-mil-damages-internet-case-whitney-gibson …

[College]

This garbage still exists??????wwhoowww!!! Thought it'd be blown to smithereens by now!! What a garbage stock. Worst fail ever. I can't even sell that's how bad it is.

[Snizzle]

Personally, I consider renu to be a shell company at this point.......have no clue whether Neimes and crew will sell the shell, or be able to reinvigorate it. Appears as if until shown otherwise renu is a shell which currently has no business.

Their focus appears to be clearly righting the wrongs.

[outnabout]

I wish this company would focus on a business deal instead of the subject matter of their last tweet. I know they have law suits but I fear if they don't get them resolved this could go on forever. A clearer head might prevail.

[Snizzle]

Surely it's an extremely competitive field........just hope all is being done legally. If not, sure wouldn't want to be on the #illegal/slanderous/defamationofcharacter/nonsensicalbullshit/illegal/destructive........side of it.

[ICBS]

RenuEn Corp @RenuEnCEO · May 19
Sure are a lot of Florida Solar companies throwing stones from within those glass houses

[StockLearner2011]

It will take years. All the penny stock behaves the same. The PPS goes back to where it was before the R/S

[outnabout]

Been hearing a lot of chatter about solar. Too bad this went belly up.

[Snizzle]

From what I can see..... Nothing at this point. Renu does appear to be a shell with all that has transpired. I would assume (could be way off here) that once/if renu wins a MASSIVE amount in the form of a judgement in the federal Rico case that some portion of that would be owed to shareholders at an unspecified (currently) time frame.


So, not sure at this point. Personally I will consider renu to be a shell and nothing more till we hear more from the court case.

[outnabout]

IYO, what do we gain from this. It appears RENU is a shell.

[Snizzle]

Jayyy. I'm getting a bit concerned for the Lermans....both Steve and Kathy.......as the verifiably factual findings just don't seem to be going their way.


Did you see the internal affairs investigation that CLEARLY states Lerman acted inappropriately??


Have you seen the information released in the federal Rico case?? Seems one side is easily proving the other side acted inappropriately with malice.


It just doesn't look good for the #renusmearcampaign and any and ALL associated with that campaign.


sorry, but facts and findings are........facts and findings,

[Juancy]

This is from Twitter:

"Investigator finds DET. STEVEN LERMAN performed "UNAUTHORIZED POLICE ACTIONS" against #RENUEN."

https://www.dropbox.com/s/s8fmarm6s69j6cm/Coral%20Springs%20IA%20Final%20Report.pdf?dl=0

[ICBS]

WooooHaaaa People are still believing & Investing in RENU


RENU!!!

[finishsuper]

Just following the case.

Also, it's springtime. Good time to be getting stuff ready for summer, and then fall, and then winter......

Can't do much here but to sit and watch.

Best of luck all.

[outnabout]

I see snizzle is still here, how about finishsuper? Any hints as to what might be done with this shell?

[mysterymeat]

Your right, To Be Decided is not a business. "The resulting loss of not only existing business but also future business has been too much for the company to overcome."
Sounds like RENU is essentially back to being an empty shell.

"The company, in its lawsuit, seeks millions of dollars in damages for loss of business and loss of market share. Although Chief Legal Officer Alex Kim and I were personally targeted, this lawsuit was filed on behalf of the company and its shareholders who have also been damaged by the defamation and tortious interference with our companys operations."

By some strange miracle should Renuen actually win a settlement for the millions of dollars they seek, and by an even stranger miracle the defendants actually pay, the shareholders might get a couple of dollars from the settlement. For some reason, maybe Jeffery's history, I don't think that will happen. My guess is this case will drag on for so long that Renuen will terminate or dismiss the case because they can't pay their growing legal bills.

Alex Kim is not representing Renuen in this lawsuit. They are represented by:
Christian Joseph Graham &
Glenn T. Williams of:
Williams Law Firm
Ste 200
2273 Lee Rd
Winter Park, FL 32789-7214

T. Blake Finney,
Whitney C. Gibson,
& Adam C. Sherman of:
Vorys, Sater, Seymour & Pease, LLP
Suite 3500
301 E 4th St
Cincinnati, OH 45202

[Snizzle]

Jayyy~ doesn't matter how many times or different ways it's stated it's still the same thing. We all know there currently is no business so there is really no reason to file anything.


Read and reread the March 20 th press release.....it's pretty clear.

[Snizzle]

Get a pacer account, it's free....look it up.


It's called......easy!

[Jayyy]

In the "press release" by the company. "The Company intends to keep our shareholders informed with updates by posting all public documents related to the lawsuit so shareholders are kept informed of the progress of the lawsuit. The documents will be available for download early next week and will be found at www.RenuEn.com/legal."

The Renu.com/legal doesn't exist--so much for their intent.

[Jayyy]

The court case has not been decided. But waiting for it TO BE decided is not a business. There is STOP sign on otc markets, there are no filings except that they are NOT doing business, they live deep in the dark. They area pulic company. Lets see filings??

[Snizzle]

It contains factual information from RENU's latest filing and also contains OPINIONS of that information.


Why is that so hard to see.

Did you see that Lermans accusations in regards to Kim were dismissed and found to hold no substance?

[Jayyy]

Is this factual? Renuen’s September 2014 10-Q, in which Renuen stated that it had sold 13% “of its future receivables to an unrelated third party allowing the company to continue operations” on September 11, 2014. The same 10-Q also stated that on September 29, 2014, Renuen had sold “6.53% of its future receivables to an unrelated third party allowing the company to continue operations.” According to their own publicly filed documents, Renuen was insolvent beginning in September of 2014, just 6 weeks after terminating its dealer program?

[ICBS]

RenuEn Corp @RenuEnCEO · Mar 2


All ethics complains filed against Alex Kim by Cathy Lerman and company dismissed as unfounded. @JennStrathman #Renuen



RENU Long!

[Snizzle]

Hey jayy, question for you. Do you know the real names of the folks that have factually been found and presented to the court in which composed several comments on the Internet in regards to the smear campaign??


The choice of answers would be~ yes, I do and it was_______ or no I don't know.


Jayy, I like facts......blogs are not facts, they are biased opinions , even if they contain small portions that are factual.

[Jayyy]

DD is the facts. The company is not compliant and as Cathy Lerman's blob states and I quote '
According to Jeff Nemes (CEO) and Alexander Kim (Chief Legal Officer), the cause of the failure of the business was an online smear campaign against the company orchestrated by persons including yours truly. While I would love to take credit for taking down another fraudster, sadly that is not the case here.

You see Nemes, Kim, and their cohorts are simply using the delusional “smear campaign” as an excuse to hide the failure of Renuen because of their own mismanagement (terminating the dealer program which is the only money making program they ever had) and looting of company assets. Shareholders of Renuen need to request an SEC investigation and audit of Renuen assets because I believe a whole lot of cash went out the back door and into the pockets of the officers, directors and silent partners of Renuen which caused its failure. Perhaps the IRS should also be notified.

All Renuen shareholders should review Renuen’s September 2014 10-Q, in which Renuen stated that it had sold 13% “of its future receivables to an unrelated third party allowing the company to continue operations” on September 11, 2014. The same 10-Q also stated that on September 29, 2014, Renuen had sold “6.53% of its future receivables to an unrelated third party allowing the company to continue operations.” According to their own publicly filed documents, Renuen was insolvent beginning in September of 2014, just 6 weeks after terminating its dealer program. Enough Said.

[Snizzle]

What's the point jayy? Everything you have stated has already been stated although it had to be explained to you.



Do DD.

[Jayyy]

Hence the STOP on otc markets. The are not filing anything IMO

[Snizzle]

Why would they file? They stated in a pr. Several weeks ago he ceased operations due to the Internet smear campaign, lawsuit and damage to their business because of the for-mentioned.



Keep up with things better......is the key.

[outnabout]

There is no "stop". The company has until the end of the day to file. Any panic selling may be premature.

[Jayyy]

--From OTC markets re STOP "Indicates companies that are not able or willing to provide disclosure to the public markets - either to a regulator, an exchange or OTC Markets Group. Companies in this category do not make Current Information available via OTC Markets Group's News Service, or if they do, the available information is older than six months. This category includes defunct companies that have ceased operations as well as 'dark' companies with questionable management and market disclosure practices. Publicly traded companies that are not willing to provide information to investors should be treated with suspicion and their securities should be considered highly risky.

[Jayyy]

So you are saying they cant run their business with a simple filing because of this law suit? Dont the lawyers handle that. Sounds suspicious to me

[Snizzle]

ICBS, I previously post the page numbers that appear to show the discovery info. Behind the aliases used on such sites as scam.com and ripoff report. Honestly haven't checked pacer in sometime so don't know what's currently going on in regards to the lawsuit.

[ICBS]

Snizzle, I have a pacer account, but I myself dont know where to look for the doc's in the case(s)

Could you provide a link?

Long RENU

[Snizzle]

That's because they haven't filed yet. They appear to be busy holding feet to the fire in federal court. Have you seen some of the real names behind some of the slanderous internet messages yet?

[Jayyy]

There is STOP sign on otc markets for this stock. "

[ICBS]

NO Fins ???

[Jayyy]

Another quote from Ms Lerman ESQ, blog"While I would love to take credit for taking down another fraudster, sadly that is not the case here.You see Nemes, Kim, and their cohorts are simply using the delusional “smear campaign” as an excuse to hide the failure of Renuen because of their own mismanagement (terminating the dealer program which is the only money making program they ever had) and looting of company assets."

[Snizzle]

Your severely misinformed here and it's due to not reading the documents in the court case. I agree, the lawyers filings , the he said she said, can all be up for debate. That's not what I'm talking about. I'm talking subpoena served, ip addresses tracked down and results stated and such.


I'm talking cold, hard facts from the findings. Big difference between filings and findings.


Get a pacer account, see for yourself. It will help you to understand better who's who and what's what......without speculation.


Last post in response to you on this subject.