RNWF: the 'Reverse Merger Foundation' everyone looks for...
...cause there is no dilution and can't be for a year according to filings - and has not been any for years now as proven by TA and filings; the SS is Goldilocks; there are no convertible shares to dump, no old debt, no old mgt lingering in the shadows waiting to dump their Prefered Shares into volume and a new mega-run; no lawsuits or any other skeletons;
…but there is new and open communication with a new RNWF webpage and twitter account the past four months::: so to put it simply, reverse mergers in pennyland have led to many of the biggest all-time gainers in OTC history...so low-hanging fruit here with all the above both known and proven, yes?
---ok you can jus' stop there as i don't want to bore you all - but if you want proof, links, filings and know more about whats going on...please keep reading..i just gave up my Saturday nite for 'dis, and I work like 70 a week at 7up of Detroit (why I don't post much anymore) as im back for 4th time since '91 and have to prove myself over again like never before, strength and honor and blue colla' work woooo lol..:
In February, Benjamin Berry was given custodianship of ticker RNWF:
On February 12, 2020, the Court appointed Ben Berry as custodian of the Company.
- who then ceded his position to Carey W. Cooley: On March 13th, 2020 the Company appointed Carey W Cooley as the Company's President and Director. Following the elections of the new officer Ben Berry submitted his resignation from all positions with the Company.
-giving Krisa Mgt now the only one Preferred Share in the filings: "On February 12th, 2020, Synergy Management Group, LLC was granted a custodianship order in the court of Chancery of the State of Delaware. Subsequently, on March 16th, 2020 control was transferred from Synergy Management Group to Krisa Management, LLC through the issuance of 1 (One) share of Special 2020 Series A Preferred Stock." https://backend.otcmarkets.com/otcapi/company/financial-report/246795/content
So Carey W. Cooley and Krisa Management LLC will now be doing a Reverse Merger with a still unknown private company and role it into this ticker, RNWF. They been getting the ticker's past filings in order and posting them on the OTC: the last 2 years of Annual's have now been posted as of May 15th, 2020, as well as Q1 2020 - and an Attorney Letter...we are waiting on an OTC upgrade now: https://www.otcmarkets.com/stock/RNWF/disclosure
What I like is that reverse merger's in pennyland have led to some of the biggest gainers of all time. But it's all about the ticker that the private company merges into - how many times have we seen truly awesome private companies around here, unfortunately and extremely frustratingly, merge into debt ridden, toxic financed plaqued tickers with literal pages of convertible notes - dumping into a run? But STILL, some of these tickers run up thousands of percent all the while tens of millions or even hundreds of millions of shares are diluted into the run...over the months.
That's why RNWF has my attention: it at the very least has what we want with a new RM into a penny stock ticker: no convertible notes, no toxic financing, no old debt owed, no old mgt involoved and no debt due until March, 2021 and that just $25,000 to Mr. Berry who got custodianship of RNWF and gave the ticker to Carey and Krisa Mgt
So...//Now it will come down to how big or exciting the new company merging into RNWF will be and if it garners massive attention from the penny stock universe - but with THIS kind of almost flawless foundation you will see below: to me at least RNWF is worth a starter position and should have any penny person's serious attention...(that and the pps is a mere .0019...the gains to be had with all these right ingredients if the RM company is good to great could be phenomenal). 1)
The OS is 573 million which is not too big nor too small - leaving room for eventual hundreds of us to participate and make all kinds of gains. SS is Goldilocks. If it was 1.5 billion there would be dudes with like 10 or 20 million shares to dump into any run....or if it was 57 million OS - a mere 5 million in volume could run it up a penny or more so most would stay away. 2)
We have learned that the OS has not changed from late 2017 to now. Page F-2 from the 2018 Annual lists:
573,561,314 shares issued and outstanding at December 31, 2017
-IHub Poster JSP02 just posted the updated SS as of May 15th, 2020: no change - 573,561,314 - very nice to see, proving that this isn't some kind of share selling twitter custodianship scam, lol: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155675987 3)
Why hasn't the OS changed in this time...or over the last several months of big volume where and when so many penny stocks dilute to all our angst? It's because in the filings there are NO convertible shares, NO debt outstanding for the next year, NO toxic financing, NO old legal disputes, NO even old mgt still lingering around and involved - meddling around and dumping - holding Preferred Shares from long ago...cause the only Preferred Share is one which gives control to the Krisa (someone's gotta' own it lol).
Here - just look at Pages 3 and 4 -- as well as F-2 to F-5 in their most recent Q12020 filings..clean clean clean as stated above (then go look at these sections in the filings of the other penny stocks your in and it may be pages and pages...and pages of not only convertibles, but other debt, legal or IRS debt and all these Preferred Shares Abcdefghijklmnop...lol) https://backend.otcmarkets.com/otcapi/company/financial-report/246795/content
-but yeah, but what about Benjamin Berry you say? What was in it for him again? Surely he was compensated for his efforts and will soon dump. No. Berry now is listed on the Q1 2020 filing as being the ONLY debt owed to RNWF - $25,000 for his services...that matures in one year on 3/13/2021
so no dilution coming from him till then. And even his deal isn't toxic like so many other penny stocks....this is all on Page:4 of the filing...and its a fair square deal too as he gets the average of the stock price the last 60 days from March 2021 to sell shares to get his money - not like the usual 90% discount and .0003 bs to dilute by so many toxic debt deals done in penny land - isn't this all refreshing?: https://backend.otcmarkets.com/otcapi/company/financial-report/246795/content 4)
I like too how they set up a website about the new RM: http://www.rnwfmerger.com/
-and really like their new Twitter RNWF page that has been clearly updating the investing public along the way since Feb.- coming through so far on everything they have said. I suggest everyone here reading through the tweets - good stuff. Now just waiting for the OTC upgrade before the next steps and RM: https://twitter.com/RnwfMerger 5)
Finally - the company that may be reverse merging into RNWF has said that NO RS will take place: YES!: Renewal Fuels, Inc (OTC RNWF)
We have begun working with OTC markets to bring $RNWF back to current, Also we are proud to announce the merging company has confirmed no RS will be needed moving forward. We thank you for your patience, and will provide a detailed update on progress next week
So that's it guys - the foundation and perfect set up for something special in pennyland is right here at RNWF. IF you can find cleaner filings out there and a RM to boot - let me know. Fireworks could start soon after OTC upgrade...can't wait! Lets go Krisa and lets go Carey!