Ronn Motor Group Inc (RONN)

[BefallenKnight]

Good public companies do NOT issue shares as the ONLY source of income. Frauds like RONN issues shares as a source of income for crooked insiders and convertible debt cronies.

Notice how RONN doesn’t come out with press about how they issue shares. They just dump the shares on the market and hope nobody notices. When legit public companies issue shares they release press (and SEC forms…I know, I know RONN isn’t SEC compliant). In addition to notifying the public about new shelf offerings, legit companies will mention the purpose behind issuing the shares such as acquiring a company, building a new factory or some other expansionary measure.

RONN, like most penny stock frauds, just backdoor the new shares and can’t say diddly about how the capital will be used because the money is just going into the pockets of insiders and convertible debt holders. There is no R&D on hydrogen whatevers…any fool can tell that is all just a ruse to churn shares.

RONN is such a common penny stock scam….lets not pretend it’s anything else and anyone saying otherwise is either paid to do so or is just a sadly ignorant clown