Renewable Energy and Power Inc (RBNW)

[tchalla]

actually, the 8k isn't good at all. it confirms that $3.1 mil in liabilities listed on the last 10k/q from 2018 is still on the books, most of which is owed to mdi. this 8k mentions a different debt holder. now, the company seems to be trying to settle some of the debt, but the settlement for this debt in yesterday's 8k is convertible, which is going to tank the pps. i tried to explain this to the board before...the importance of waiting to see what the details of the transaction are and the disposition of the debt before buying at multi-pennies. my gut always said this deal was not good for the common shareholders. it's good for the company, maybe, but not for commons. now, shareholders are just beginning to find out how much they will be affected. and if this 8k is any indication of what's to come for the pps, it ain't good at all. and it looks like from the open, many smart traders who were still here understand what that 8k means as well. rbnw buyer beware