That is all highly illegal, very much so doubt that.

Any chance you could summarize some of the larger points in the UMAX research piece there, I'm not a subscriber...

Thanks!

-Lord

Lots of things "coming soon", that much is apparent! Hahahaha

50M more on the bid right now too. Someone is loading the boat... someone is hopping on the train before it leaves the station...

nobody gets convertible debt when the stock is at .0001

no financier will go for that

reverse split before any of that type of talk

Hey - check out the new website.... something is cooking...

Definitely one to scoop a few up for, it is at the lowest entry point possible.

Never hurts to have a few million in advance of news.

-Lord

Big buys here today.... interesting...

Simple math man.... cmon now.... multiply share price by 1,000...

Hey look - I respect both your opinions. I'm not "trying to get people to sell" anymore than I was "trying to get people to buy" back when we were basing opinions off the 10-K results.

Simply trying to be honest about how I read the current situation. Same back then (when I was more optimistic) as I am now (even though it is not as optimistic).

Respond to substance and ignore the 'motive' and 'MM urban legend' posts; it will do you well. If you have a positive point to make for the company beyond the retirement of liabilities, which we've already discussed being illusory on account of the balancing out of AR/AP with MDI, I'd be glad to hear it; might change my opinion.

Best of Luck to you both, I'll likely be back around here if they can make it past the November hurdle without dilution or toxic financing.

-Lord

The liabilities only went down because they zero'd out the accounts receivable/payable from MDI. That point is entirely misleading Cheeky. Revenues are on track for $680,000 for the year with cost of revenues up 63% year over year and no cash on hand (actually, an overdraft fee liability because they can't even afford to pay the $300 fee right now).

Don't mislead people. The 10-Q was very bad in terms of results.

You are right in that the company has revenues, so if they got their other affairs in order (i.e., costs of revenues and back office expenses) then maybe they can make something happen here. The 10-Q results just don't instill confidence of that future becoming a reality for me.

The only thing worse than a sinking ship is someone telling you to stay on it while it does.

Good Luck to ALL

-Lord

Hey guys - got to be honest here - I liquidated my position today.

The 10-Q very clearly displays the trends we were hoping to continue have been broken.

It is disappointing, as the 10-K showed such a great picture of the future for the company, but it appears their parts vendor has raised prices to the point where this operation will not be able to continue.

It was a good bet, but ultimately a loss, as the gross profit and attempts to bolster sales have failed miserably in this quarter.

For those that do choose to continue to hold, the one possibly saving grace would be that MDI has committed to sustaining their operations through November 1, 2016.

I will no longer be holding though, as I don't believe that is enough time for this company to get their affairs in order. This quarter was make-it-or-break-it for ole RBNW, and the filing shows it broken.

Best of Luck to ALL - on to the next one.

-Lord

Nothing worthy of noting. When I inquired about the status, Don MacIntyre simply stated that there isn't much he could say without going into non-publicly disclosed territories. Essentially stated the 10-Q was 'chugging along.' I asked him about the 10-K delay and how I was told by the company that they needed the Q1 results to file that (i.e., why then is this filing taking so long), and he stated that the delay was primarily on account of the time it is taking the accountants to draft the actual filing... and not so much the data inputs to it.

I would suggest you call though - if for nothing else than to hear them describe the intent and nature of the business. There is no hold time and you'll be connected with Don in about 1-2 minutes.

-Lord

You give them a call yet? It really takes just a few seconds... don't be shy.

-Lord

Any thoughts on why Bruce Cohen is now listed as the chairman of the board on his LinkedIn?

https://www.linkedin.com/in/bruce-cohen-88231b

My assumption is that Ken Sorensen is no longer with the company?

https://www.linkedin.com/in/ken-sorensen-1269407

The Viropro website is lagging quite behind the recent developments.

http://www.viropro.net/leadership-team/

However, the Axxiom Bio site seems to be much more up to date.

http://www.axxiombio.com/

Bodes well for the merger verification.

Good Luck to ALL

-Lord

Looks more like 2 or 3 holders panicked honestly. Let's keep it all in perspective though; 3M shares is peanuts compared to the total shares O/S.

All games right now, all games.

-Lord

Just wanted to take a moment to let everyone here know that the company is extremely responsive should you feel the need to call in and chat. It definitely goes a long way towards easing any concerns one might have about the future of this one.

I called in today. 10-Q is coming along.

Their Number: (702) 685-9524

Good Luck to ALL

-Lord

Has anyone here tried to reach out to the company regarding the status of the merger/acquisition of NovaRx recently?

Good Luck to ALL

-Lord

The 10-Q for Q1 of this year should be out sometime in March

I think the whole "this MM does this" and "this MM does that" thing is a bunch of crap. At the end of the day, any MM can fill any retail order and/or place their own.

I've seen my buy orders go through NITE plenty of times; which is a common MM that ihubbers claim "only shorts."

If you want to test the theory, all you have to do is place orders at a very specific amount (i.e., not a round number) and see how they are filled by varying different MM's at different times and on different days.

Do the MM's manipulate the price of securities? Absolutely.

Do retail traders manipulate the price of securities? Absolutely.

RBNW can be manipulated 20-40% with a mere $1K-$5K.

When the float is this thin, and the volume this low, the currently displayed price is nothing but a smokescreen to instill fear and/or confidence in less skilled or informed traders in the security.


The fundamentals of this security are quite simple at this point. Either you believe the current trends of improvement in gross profit/net income are going to continue (which would forecast to profits sometime around the end of Q2/start of Q3 this year) or you don't. Until that trend is either sufficiently verified or debunked, there will be no real move with volume to be seen here... unless a manipulator gets the herd running.

Good Luck to ALL

-Lord

Correct: retail trades are typically limited to the 4th decimal.

Either have:

1) Institutional Trades

or

2) Whales

-Lord

Aye sir! Everyday we get closer and closer to where the true valuation should be. Now where is that 10-Q?

-Lord

The importance is not in how many were traded there at this time; the importance is in the fact that it could get up to that level with less than 500K shares ($3,000) traded total.

The resistance on the way up is extremely thin.

-Lord

Dang man, that's a great idea. The other firms upcharge for those services and nobody provides an alternative solution.

Scottrade is as good as it gets unfortunately... most charge much higher premiums on OTC.

Only solution I see is putting in "all or nothing" orders.

Doesn't really matter though, nobody's getting filled anyway. Shares floating around are so scarce as it is.

-Lord

Thanks, also check out this post:

http://www.investorvillage.com/smbd.asp?mb=4143&mn=285556&pt=msg&mid=13388680

Very informative on why you need both the CUSIP # AND Name Change concurrently to force covering of naked short positions.

AVXL needs to do this immediately.

-Lord

Do they disclose that type of information on short sales upon request?

Thanks,

-Lord

It is so hard to add anything on these dips.

If you scoop up anything over like 5K shares (like $50) it pushes the price up 40%!?!?!?!

hahahahahahaha

I can't wait for this thing to explode. The float is just insanely tight.

-Lord

I think the answer to that is based solely on the amount of profitability and its relation to the current nature of the fixed costs on the balance sheet.

The tradings multiple on the profitability will depend on how the market determines the future potential of the company. In this area you get anything from a 1X multiplier to companies with non-sustainable profits to extreme overvaluations such as amazon where the company is trading at 500X its current profits (totally absurd by the way). Hence, the answer to that will depend heavily on how the market assesses the sustainability and growth of the profit that is achieved; as well as the amount.

If you take a look at the current trends, the company appears to be in a great place in this regard. The 27% increase in gross profit shows that they are reducing their variable costs at an extremely impressive rate as well, in addition to landing the larger MDI contract, which will have the favorable effect in relation to the fixed costs effect.

-Lord

They filed for up to a 15 day delay on the 10-K as well. It will be later than that. I did get this reply from the company last week in response to my inquiries on the 10-K before it was released though:

"Renewable Energy and Power anticipates sending out a press release very soon updating what has transpired on this issue, along with other announcements, so please keep watch for that. It certainly took longer than anyone wanted due to unexpected convolutions that we don’t expect to reoccur going forward."

Volume is nonexistent. It is now a game of who is patient enough to wait for profitability. The question is not if, but when. The trends clearly display this. I'll be waiting it out. Many on the OTC markets don't play things that way, hence the slow bleed on 99% of low volume securities on the exchange.

Doesn't matter, this one is on its way to true fundamentals for future profits.


-Lord

Have you read the details on the original contract with MDI (which was extended)? ;)

There are some clues in there as to why additional funding won't be necessary to facilitate revenues related specifically to that contract alone (i.e., MDI covers any of their operating expenses required to fulfill their product orders).

This is why I limit my forecast to just the MDI revenues anticipated for the year - and state everything else as an extraneous bonus.

The profitability, per my posted analysis, is forecasted based just upon the MDI revenues; which have their operating costs covered via any necessary line of credit from MDI.

The stated need for additional funding is in regards to other aspects of the business such as, but not limited to, the solar division.

-Lord

Don't matter, all this investment comes down to now is whether the next 10-Q preserves the trend.

A nice extra contract PR would be nice, but is entirely unnecessary.

-Lord

See my prior post below for my thoughts on the trend of the company:

10-K Analysis

Overall, the company is not yet profitable, but is certainly trending in the right direction. I fully expect the newly expanded contract with MDI to push them into the black this year, in addition to several other revenue sources that could formulate a large deal at any point in time (i.e., assisted living centers, mall lighting contracts, University JV's, etc).

Below are the numerical trends that support this conclusion:

Revenues: $633,529 - Increase of 4.9%

The primary significance here is to notice that 98% of this amount came from the prior contract with MDI. The new contract for 2016 is expected to increase this total by 57.8% to approx $1,000,000.

Gross Profit: $171,387 - Increase of 104%

This is the single largest takeaway from the filing. The company increased its operating efficiency by over 100% for the year. The remaining expenses deducted after gross profit are primary fixed expenses that should not fluctuate any material amount on account of the expanded MDI revenues. As such, one can expect the following:

Current Year Profit Margin: ($171,387 / $633,529) = 27%

New Profit from Expanded MDI Contract: ($1,000,000 - $633,529) X 27% = $98,947

Current Loss From Operations = ($91,284)

$98,947 > $91,284

Hence, operations should be profitable in 2016 based upon projected expectations. Keep in mind, this does not factor in any additional revenues from other projects and/or any further increases to operating efficiency.

Let me know your thoughts.

Good Luck to ALL

-Lord

Their year end is Sept 30th, so the 1st quarter is already completed for RBNW. The 10-Q release could come at any time; no concerns here though, the trend is looking mighty fine right now. Just take a look at those revenues/gross profits trends.

-Lord

Action will come on either 1) a subsequent earnings report that continues to confirm the trend and/or gets them into the black or 2) surprise news regarding a new contract with a vendor other than MDI.

Patience.

Good Luck to ALL

-Lord

Up 40% on 300 shares!!!

The float is incredibly tight here.

Can't wait to watch this develop throughout this year as new filings come out that bring us closer and closer to profitability.

Good Luck to ALL

-Lord

10-K Analysis

Overall, the company is not yet profitable, but is certainly trending in the right direction. I fully expect the newly expanded contract with MDI to push them into the black this year, in addition to several other revenue sources that could formulate a large deal at any point in time (i.e., assisted living centers, mall lighting contracts, University JV's, etc).

Below are the numerical trends that support this conclusion:

Revenues: $633,529 - Increase of 4.9%

The primary significance here is to notice that 98% of this amount came from the prior contract with MDI. The new contract for 2016 is expected to increase this total by 57.8% to approx $1,000,000.

Gross Profit: $171,387 - Increase of 104%

This is the single largest takeaway from the filing. The company increased its operating efficiency by over 100% for the year. The remaining expenses deducted after gross profit are primary fixed expenses that should not fluctuate any material amount on account of the expanded MDI revenues. As such, one can expect the following:

Current Year Profit Margin: ($171,387 / $633,529) = 27%

New Profit from Expanded MDI Contract: ($1,000,000 - $633,529) X 27% = $98,947

Current Loss From Operations = ($91,284)

$98,947 > $91,284

Hence, operations should be profitable in 2016 based upon projected expectations. Keep in mind, this does not factor in any additional revenues from other projects and/or any further increases to operating efficiency.

Let me know your thoughts.

Good Luck to ALL

-Lord

I've put in a request to change the board to RBNW*

ihub is slow on the trigger for approvals this morning.

10-K showing exactly the trend I wanted to see; increasing revenues and decreasing expenses.

Will post a more detailed analysis later tonight/tomorrow when I have the time. Looks like a good longer term hold play here ladies and gents.

Should see a steady rise each quarter filing on this one, especially once the new contract revenues begin playing in. Only about 100K off of full positive profitability on revenues in excess of 600K up to 1M +

Good Luck to ALL

-Lord

Cheeky beat me to the punch, but I would have sticky'ed it also!

Its DD like that, that makes you the real $$$. The first public indicator of the 10-K timing. Good work.

-Lord