Renewable Energy and Power Inc (RBNW)

[Genomer]

You probably won't receive any response in that regard until the annual pops up. I explained what it meant before. Banks are typically the ones issuing writs of garnishment. The legal wording in that update was horribly deceiving in that it lacked description.

Essentially this is what happens:

Banks have the money and they loan it (we all know that). Firms like JSJ Investments act as middle men to companies needing money. The bank deals with these middle men all the time, building a relationship that the small (untrustworthy) company doesn't possess. JSJ gets the money from the bank and supplies the little OTC/Pink with a loan. Those loans get repaid in full with interest or the loan becomes due in full and defaults.

Once a loan defaults, the bank knocks on the middle man's door asking for the money back, hense the writ. The middle man then comes after the little company. These companies try to avoid legal action/extra expenses at all cost (if they want to continue operating). They usually pay up or supplement the default loan by means of another loan from another middle man.

In this case (RBNW), I think the pay back plan revolves around the reverse split. IMO, this company will change its ticker and desired target product within a few months. Seems to be a pattern with them (RBNW, RBNWE, RBNWD).