Renewable Energy and Power Inc (RBNW)

[Drugdoctor]

$RBNW is essentially BANKRUPT according to the financial statement I reviewed...

It doesn't take a CPA or Financial Analyst to compare assets to liabilities, and CURRENT ASSETS to CURRENT LIABILITIES - ACCOUNTS PAYABLE!!

https://backend.otcmarkets.com/otcapi/company/financial-report/250744/content

But just so investors are clear on how the company appears in the latest OTC financial statement filed, I have posted a picture of page 19 and circled the amounts...

So the company has some cash... Cash $ 151,039 - and let's add in the Accounts receivable (net of allowance for doubtful accounts) $167,691


We can even throw in the Inventory $101,466 and total up the {CURRENT ASSETS - $420,196}

But how about the BILLS that MUST BE PAID? You know the
Current liabilities:
Accounts payable $ 757,362

Oops... the company is UPSIDE DOWN already by ($337166)


Now, let's compare TOTAL ASSETS to TOTAL LIABILITIES

Total Assets $ 489,486

Total liabilities $5,883,546

So $RBNW - Lust for Life is in the hole for $5,394,060???

NO WONDER THEY WITHHELD THESE HORRIBLE FINANCIALS AS LONG AS POSSIBLE TO DUMP A BILLION SHARES!!! And these financials were mostly before the PANDEMIC LOCKDOWN of TEANECK, New Jersey!!

And people are INVESTING in a company that is in this kind of financial shape and is in massive share dumping mode? Gotta love the PENNY STOCK MARKET!!! LMAO... Enjoy>>>