DD Support Board and Research Team

[nodummy]

re: the RENU SEC suspension

It didn't have a big social media presence, but the little bit of chatter it did have was notable.

The Issuer was abandoned in 2016 and became administratively dissolved by the Florida SOS because of not paying annual taxes:

http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=RENUEN%20P960000202253&aggregateId=domp-p96000020225-7148c5f8-a7aa-4139-a9a1-92b4f6dbc674&searchTerm=Renuen&listNameOrder=RENUEN%20P200000140050

It also has a dead website that had the domain expire:

http://www.renuen.com

In September of 2019, it got some notable price action as a "reinstatement" speculation play.

Then in early January 2020, somebody tried to reinstatement the RENU business entity at the Florida SOS.

https://twitter.com/datadriven78/status/1212980417734819841/photo/1

But that filing got rejected, and it remained administratively dissolved.

Later that same month, somebody name Jayme Winick (who also got involved in hijacking ADNY - another dead stop sign Issuer - in 2020) created a new FAKE entity by the same name in Florida and floated the link around social media:

http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=RENUEN%20P200000140050&aggregateId=domp-p20000014005-2d09dca6-fbcf-480b-9149-0bdd3b7dcdc9&searchTerm=Renuen%20corporation&listNameOrder=RENUEN%20P200000140050

http://search.sunbiz.org/Inquiry/CorporationSearch/ConvertTiffToPDF?storagePath=COR%5C2020%5C0219%5C39893994.Tif&documentNumber=P20000014005

The fact is that the new fake Florida business entity doesn't legally belong to the public Issuer.

So, it will be interesting to see if the SEC takes any time to investigate the fake business entity (who set it up) and how far the attempt to illegally hijack the shell went.

It will also be interesting to see if Jayme Winick's other hijacked shell, ADNY (she created a new entity by the same name as the dissolved old one in Montana), which has been getting pumped a lot recently also gets suspended by the SEC.


And just because I like to keep score. The SEC is now up to 55 stop sign suspensions in the past several days (and counting):

SCIE, HYII, UNGS, PDPR, ABVG, AAXT, ADTC, ARHI, ARBI, BTAM, BRTE, CCHZ, CUBG, ENGY, CGDI, CCAQ, CRRSQ, DLII, EENR, EENC, ENZH, GLWA, GSVI, HERC, HBTC, HAHI, IFCI, NEMD, IYXI, JRIV, LGTS, MGLO, MTPR, MLPH, NWUC, OLFC, OSCN, ONLI, PNLT, SKAJ, SPDE, SPXP, STCO, TSNI, TNGNQ, TPIL, ROKR, USAM, VCLD, WPEC, WGIH, WHLX, XCRP, BNGI, RENU.