Renewable Energy and Power Inc (RBNW)

[Lord_of_Trades]

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