Renewable Energy and Power Inc (RBNW)

[ac5150]

Im no expert but basically they had several investors that gave RBNW money in return for shares. This is one of the reasons the price drifted down to the trips because the money lent was for shares which were being converting back to cash by the investors selling shares at almost any price.

Now the CEO is saying there is only one investor and to quote the PR directly “Previously, the company had a number of convertible debenture noteholders with conversion rights," said CEO Donald MacIntyre. "As the stock price rose, they would put more shares into the market driving down the stock price. Now we've consolidated that pool to a single investor with conversion rights, committed to support of our efforts for long-term growth and penetration of new markets ."

It seems the CEO is trying to get the share price up and this is a first step.

If the smarter people can add or adjust any mistake i said above please do...