BB's Stock Haven

[INTHEKNOW1]

On 02/10/14, RENG was reinstated. Two new officers were appointed and a name change took place. The officers are now Christopher Pearce and Jay Scoratow. They changed the business name to IPure Labs Inc. If management took the time and money to reinstate a ticker and change the business name then there must be major news to come! Reverse merger or perhaps a buyout!

http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail/OfficerRegisteredAgentName/domp-p14000012845-a2e17954-88c4-4834-9988-deebf73b730a/Pearce%20%20%20%20%20%20%20%20%20%20%20%20%20%20Chase%20%20%20%20%20%20%20%20%20D/Page1

The most interesting part though is the share structure. At the bottom of the link above, there is an attached articles of incorporation document. In Article IV, it states that the company only has 50 million shares authorized! This float is incredibly small and with this share structure there is little chance of toxic financing or disastrous dilution. If we get news this stock could easily see $1+ in the near future.

Management has to have majority ownership of the outstanding shares and I believe they are doing it through a buyback of shares and issuance of new shares. For those that were watching last week, there were enormous 2 million share buys or the equivalent of $23,000. No one would be buying such a large amount of shares unless someone new something going on behind the scenes or it was management buying back shares. Look for confirmation with other large share buys! Management may be holding back any news until they load up on shares! Get in early because RENG is set to soar!