Renewable Energy and Power Inc (RBNW)

[Chess Master]

Fact Hunters - I did a little digging. The OS as of 6/30/18 was 2,471,850,507 with the 2000:1 reverse that means 1,235,925 shares were issued and outstanding. The market cap at .02 is $24,700. That seems a little cheap for a public shell. The stock traded 4.5 million shares today or 365% of its float. Its dollar volume was close to $90,000. The company cancelled it suspension to file which means they want to be a fully reporting company.

Reverse merger with Leaf of Life Holdings Limited - seller and market LED grow lights for Cannabis in Jamaica. the new guy is philip Saunders and he paid 40K to get the pfd stock which has voting control of the shell. All the old timers in the shell resigned. Philip is the new guy in town. and he just spend 40K and will probably spend some more to get the company updated and current. They are only 2 quarters behind and the books shouldnt be so bad and could be done quickly.

Unless there is convertible debt which was released in february and march. They have a judgement for $219,460 but the convertability feature is gone unless these guys negotiated something. The situation does look favorable.

the company has 3.65 mil in tax loss carryforwards. On that basis alone 25% of the $3.65 mil is 72K. $72K represents the value of the tax loss carry forward and its value is higher.

The stock should be .04 min and .05 or higher TOO CHEAP DOWN HERE!