Renuen Corp. (RENU)

[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?