Analysis of RNWF
Interesting to note the RVDO planned acquisition was announced much quicker in relation to the stock going current. One of the reasons this may be is due to the change of merger target in oil & gas per the RNWF update July 15th
), so that means we are at about 6 weeks from that clear target of merger change announced. Now I don't know what the hold up is, and why the company is taking so long for any transition or announcement. But , it's hard to believe we are not getting very close based on the last update over two weeks ago: https://twitter.com/RnwfMerger/status/1291434372583903233
Renewal Fuels, Inc (OTC RNWF)
· Aug 6
$RNWF shareholders, we know we promised an update previously but we were sworn to silence the very next day while we negotiated a deal. The new owners will update you once the transition is complete. Thanks for your patience. Good luck. Be well.
- There are several active companies listed with Richard Hawkins and many of these have millions of revenue when doing a search for each one, here is the list of companies
Also, the same type of situation in regards to active search for Justin Costello with many of these have millions of revenue when doing a search for each one, here is the list of companies
: https://www.washingtoncompanysearch.com/Agent/JUSTIN+COSTELLO/ Now, we know from filings that Manufacturing 360 LLC has potential plans for both RVDO and RNWF due to them listed in filings:
RVDO: (Page 3) https://backend.otcmarkets.com/otcapi/company/financial-report/250210/content
On February 28, 2020, Manufacturing 360, LLC acquired a controlling interest of the total outstanding shares of RVDO and Richard Hawkins was appointed as CEO and President
. On February 2, 2020, Ron Herzfeld resigned as Director, President and Treasurer and Michael Glazer resigning as Secretary.
On March 27, 2020, the Company resolved to issue the following shares as part of the change in control. However, as of the date of this filing for the period ended March 31, 2020, these shares have not been issued, but are owed to each respective party. 1) To issue sixty two million, one hundred and ninety six thousand, nine hundred and forty-two (62,196,942) Shares of common stock to Manufacturing 360, LLC, 1700 Seventh Avenue, Ste. 2300, Seattle, WA 98101 acquired for $300.
RNWF: (Page 21) https://backend.otcmarkets.com/otcapi/company/financial-report/253709/content On July 29, 2020, Krisa Management, LLC entered into a stock purchase agreement with Manufacturing 360, LLC, a Washington limited liability company. The parties agreed for the sale of one (1) share of the Company’s Special 2020 Series “A” Preferred common stock, par value $0.001, constituting 100% of the authorized and issued Special 2020 Series “A” Preferred common stock designated. By virtue of the purchase by Manufacturing 360, LLC, it acquired rights to cast sixty percent (60%) of all eligible votes of the Company’s common shares on any matter properly brought before the shareholders for consideration under the Delaware General Corporation Law. The closing of the purchase and sale are pending completion of terms and conditions.
On August 6, 2020, Mr. Carey Cooley, the company's sole director, secretary, treasurer and president, resigned and appointed Richard Hawkins as sole director, president, secretary and treasurer.
- We also know that RVDO has not even finished their website: https://www.rvdoil.com/
- We also know that RNWF has not finished their website: http://www.rnwfmerger.com/
- There are 3 active companies registered in WA tied to Costello or Hawkins with Manufacturing 360 email that I found. I found this interesting.
Manufacturing 360 https://www.washingtoncompanysearch.com/companies/manufacturing-360-llc/
Cann Distributors https://www.washingtoncompanysearch.com/companies/cann-distributors-inc/
National Peo https://www.washingtoncompanysearch.com/companies/national-peo-llc/
* Based on the actively registered companies by both Justin Costello and Richard Hawkins, and their history of putting together top notch Cannabis conglomerates going public. This really looks unique and worth the wait.
- This is some my Due Diligence, please make your own investing decisions.