Renewable Energy and Power Inc (RBNW)

[QTRADERQ]

As per RBNW last filing, the amendment they referenced to the MOU Omnibus Agreement simply substituted Lust for Life New York, LLC to facilitate conversion of Preferred B shareholders into common within 2 years as per filing. (The conversion rate was 1 share preferred to 1840 common and will add ~140M common shares. This is not bad. RBNW is still heavily undervalued when including the added shares, and Karen & David will still have voting control via their block of Preferred A shares.)

77,789 shares out of 100,000 shares of Series B Preferred Stock of the Company (RBNW)
Karen Berend 38,506
David Berend 16,919
Sarah Malaquias 16,919
Steven Berend 3,112
Linda Redlisky 2,334

JMO