"clean" shells are expensive. a company that reverse merges into a "clean" shell has to pay big money to the old shell owners. most of the time, as in this case, it's in the form of stock in the company, which old owners convert and cash out of. on top of that, this "clean" shell also is completely empty of anything. there is no intrinsic value. in addition to the shares that are paid to the old owners of the shell, the new owners also have to be issued stock for controlling stake in the company. this is why r/m's are almost always a bust for current share holders. so, the current nearly 600 mil shares outstanding has to add the 575 mil on top of that for the old owners and then the new owners also must be given shares. you end up with a huge os (the authorized here is 3 billion) and often a r/s (think of xhua). that is what makes chasing rnwf unwise. i would not trust my profits to what is going on with this stock. nobody knows anything at all about the new company or the new capital structure arrangement to accommodate the deal. so, blindly chasing the value up here is dumb and potentially will cost folks their profits. rnwf buyer beware. there is not enough information provided at this time to assess a market value. anybody who thinks otherwise, doesn't need to be trading in the otc.
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