Renewable Energy and Power Inc (RBNW)

[Trademanager]

RBNW Q10 9 month end 6/30/2018 Highlights

Revenue 9 months down with $113,484 to $446,166 !!

Netto loss 9 month down with $7,282,966 to --$316,051<!!!

Total Asset up with $470,593 to $2,123,585 >!!!!!

Total current liabilities down with $2,000,000 to $3,155,759<!!!!

Total share holders deficit down with $2,470,595 to $1,032,174<!!!!

General and administrative expenses decrease by $105,234 to $307,550 for 9 months ended June 30, 2018
from $412,784 for the nine months ended June 30, 2017.

The decrease in general and administrative expenses is due to several factors, such as management and officers accepting a reduced salary.!!!! good job management

>>That does not look bad, show that the company is growing.

>>Employees:
At June 30, 2018, we employed approximately 5 full-time and approximately 5 part-time employees!!

>>During the nine months ended June 30, 2018 the Company’s lenders converted an aggregate of $420,394 of the face value of notes payable plus accrued interest into an aggregate of 2,362,457,485 shares of $.001 par value common stock.

>>Additionally, at June 30, 2018 there were 2,726,409,064 contingently issuable shares related to the Company’s convertible notes payable.

>>Current OS is now 2.751,850,508,bill so to me it looks the largest Note holders recieve their money

Renewable Energy and Power Announces Conversion Halt with 47% of Short Term Debt

Las Vegas, NV, April 24, 2018 (GLOBE NEWSWIRE) -- Renewable Energy and Power (OTC: RBNW), an LED lighting solutions company, today announced it has completed its measures to consolidate the company’s investors to a single entity committed to the long-term growth of the company.

This event has led to a limitation of short term lenders with convertible debentures available, only one remaining of the three prior lenders.

Because of the agreement of the remaining note holder to a “leak-out” provision where they will limit their conversions and stock sales as well as a commitment to further financing, management will be able to advance its important initiatives including obtaining approval for California and Texas energy incentive programs, and its patent-pending ultra-violet germicidal irradiation ceiling lighting fixtures.

“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.”

all imo

RENEWABLE ENERGY AND POWER, INC. 10Q fillings
https://www.otcmarkets.com/filing/html?id=12925857&guid=QeQEUpimLWjNAth