Renewable Innovations Inc (REII)

[esi23]

Currently trading at a $6,334,425 total capitalization REII os is 6,004,194. As the company continues its rapid growth, the company has hired Chesapeake Group for corporate communication and broker relations. RI states that 15 long-standing shareholders of Nestbuilder.com Corp, who own or have the right to acquire an aggregate of over 14 million shares of common stock, are parties to a leakout Agreement that limits their ability to sell shares over the 6-month period following the acquisition of Renewable Innovations, Inc. Further, the 93% of the company that is beneficially held by RI legacy shareholders is under 6-month resale restrictions typical in a private issuance. Thus, the approximately 1.55 million shares in the float are going to stay relatively consistent during this timeframe. REII certainly trades like a low float reverse merger runner, if the stock can breakout over its recently $3.72 highs REII could really take off. We will be updating on REII when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.