Renewable Energy and Power Inc (RBNW)

[Terry1414]

10-K is out...

Obviously we all knew the company was in a touch spot financially but they have converted much of their debt. This resulted in a ballooning of the common shares but most importantly they're in talks with multiple lenders to set up a better, more financially sound deal to package up any debt they have remaining! Plus almost a million in sales and growing isn't anything to frown upon.

The last paragraph from the 10-K leads me to believe they're back on the way up!!!!

"In December 2017 the Company initiated activities to secure sufficient funding to liquidate the convertible notes, provide funds for working capital, and establish a line of credit. The Company is engaged in discussions with existing lenders and new investors to secure this financing under terms that will allow the Company to continue it’s growth, stock adequate inventory, expand it’s sales efforts, and stabilize it’s stock value."

God speed and good luck!!