Renewable Energy and Power Inc (RBNW)

[Lord_of_Trades]

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