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Good post. I concur.
I do agree if this is a pump & dump or scam, its like no other I have seen. I got in last time at 0.0059 so am hoping to at least recover that.
What doesn't make sense;
Supposed leak is 10 days old yet hardly being discussed outside this board.
PPS is 0.001, yet people are expecting to see an equal 1:1 share PPS of 0.12 in the very near future. If that was a real possibility, wouldn't everyone out there be on this like white on rice?
I do own shares (from the last time this rumor was presented) but am having trouble re-investing with these thoughts in my head.
I am of course hopeful, but cautious and hope to not revisit history.
Looks like from when they were an OB listing
Symbol Name Last Trade Type Industry/Category
RNWF.PK Renewal Fuels, Inc. 0.00 Stock PNK
RNWFE.OB RENEWAL FUELS INC. 0.34 Stock OBB
Guess Bong didn't pay off.. just seeing pocket change trades.
Trading sure slowed down today.. only seeing a $60 buy after a 3 day run on better volume. Terrax not doing anything these days? This looks like a winner IMHO.
Not much trading going on.. is it dead?
Still nothing with SEC? Curious.
Almost sounds like he is trying to soften the blow of a Newby redux.
That is my concern as well. I recently went through a 500:1 R/S on IKTO which greatly reduced my share count making the newer PPS less exciting.
Volume has certainly died down.. seeing more sell's today. Must be the flippers from yesterday and Friday
This jump would have been exciting... if the R/S hadn't left me with so few share to even care about.
How high historically has this gone?
I purchased @ 0.0059 during the spring pump. I don't break even for a little while yet.
If nothing else, the volume is nice to see. Still not sure if anything real is happening or not come Monday, but its interesting to watch. I wish I could see this kind of volume (buys of course) on all my stocks.
I agree that the link going around looks suspect. Wonder if some savvy web developer is redirecting traffic to somewhere else. I sent an email on the weekend to Mineseeker's web designer asking about it. Nothing back yet.
I will give you that his blog updates sounded a little unprofessional.
Ooops
Nice start for the week! Up over 50%
Interesting link.. I feel more positive now. It seems more a matter of "when", not "if".
http://valuewiki.wikia.com/wiki/Quasar_International_Holdings,_Inc._(QASP)
Dean.. Jeff... who knows who's real. Thats the anonymity you get with a message board. For example, my name isn't even Seamus.. its my dogs name. And judging by some of my portfolio.. one might think that he made some of my picks.
Have a great weekend all.
Thanks.. and I can assure you, I have have blown a $100 on worse things than this. I'm happy either way.
Be it true or false.. I'll hang on to my shares till the end.
Worst case scenario is I lose $100, but had fun dreaming. At which point I will say thank you to RNWF for providing a distraction to my regular hectic work week. Best case, I take the proceeds and lose it on Irish banks
I agree that we wont know for sure until Dec 5.
As for the rest, its anyones guess. Suspiciously newly created poster JENGREY could have indirectly been tossing out some PR to pump instead of RNFW doing it themselves. The posted doc that many of us saw first hand could have been copied form a legitimate RM from another company and the names and details were changed to make it look authentic and professional. Could this be the new method for pumping and dumping since investors (even naive penny people) are getting more savvy? Or, is there really something happening here (I truly am trying to be optimistic here). What has me skeptical is I have interests in a dozen or so pinkies and this is the 3rd stock I have that I am hearing similar stories rumors about(see QASP). Just seems odd that I am seeing this pre-Christmas activity on 3 unrelated investments and none can be confirmed.
Either way I am a happy investor. Just like buying lottery tickets its fun to have those what-if moments.. even if at the hands of an unsavory P&D.
Looks like there may be some life in this company yet.
http://www.star-navigation.com/news.html
Emerging Stock Reports are the ones who convinced me to buy with their "killer" tip. Looks like I'm the one who was killed.
I still can't believe I paid $1.18 PS for this
Financial obligations... like paying 0.12 for a sub penny stock? Makes no sense when they could likely get it for less than a nickel.
500:1 R/S has taken me from a hopeful investor to a casual observer. Even if we went to $1/share I couldn't sell my new share count to break even with my brokerage fees.
Someone selling out?
Don't get me wrong.. I am still hopeful. The article does go as far as saying the May rumors were "false", but then again this is only one sites opinion. Dec 5 will be the telltale date.
From HotStocked
http://www.hotstocked.com/article/3359/renewal-fuels-inc-pink-rnwf-surrounded-by.html
Renewal Fuels, Inc. (PINK:RNWF) Surrounded by Rumors
By Gediminas Jasionis
Date: Nov 23, 2010
Widespread rumors of Renewal Fuels, Inc. (PINK:RNWF, RNWF message board) reverse merger agreement with Competitive Power Ventures Holdings, LLC caused a one day stock price explosion as the suggested buyout put on a 12 cents per share price target.
The trading went crazy because the suggested price came with a humongous premium to the current $0.0006 per share. However, the merger agreement was not announced through any major news sources, nor it was reported in the appropriate forms that should be filed with the SEC.
The supposed agreement proposes a buyout of a public shell with Competitive Power Ventures as a surviving private entity. There was no mention whether the company plans to go public after that, but IPO was contemplated.
RNWF hasn't officially confirmed or denied the agreement. The only place to see the whole text for this agreement was the message board post with which it was supposedly leaked. Many traders behind the price action jumped in either on the merger story, or due to the independent newsletter picking up the price action and suggesting people this might be good.
A similar price action for this same stock happened back in May this year as well. That time the false reverse merger rumors drove the price up by more than 257% before it topped out. Aftermath resulted in 88% loss of value.
I lost big on PBEC and still trying to recover from that so sadly cannot buy any more RNWF. Unfortunately I only have 20,000 shares. Just as I had lost hope, this sleeper wakes up. And PBEC was supposed to be the sure thing! I pray this is all true.
If true, I'm not greedy and post-merger would settle for $1/share
Wow.. the sleeper coming to life?
I bought in the spring @ .44
I bought in the spring @ .44
Regardless of where the price goes.. the R/S left us all with 1/500th of the number of share we owned. The $1200.00 worth of shares I bought is now worth 25 cents.
Looking forward to the post R/S price hitting $228/share so I can break even!
I only had 2500 shares.. according to qtrade I now have 5 shares @ .15 each.