RONN Inc. (RONN)

[BefallenKnight]

Clearly not. There is no conceivable way that the Tobiqe folks are investing $350mm in RONN to develop a hydrogen energy distribution network or vehicle, none whatsoever. Maybe, at the very least the Tobiqe are entertaining an OVERALL investment of $350mm in the entire hydrogen energy sector….maybe….but the entirety of the $350mm would and will never go to RONN. Period.

The alleged $1mm goodwill payment, if real, is pennies as others have said. That money would barely pay off RONN’s convertible debt and the capital wouldn’t even get a toenail in the door of an alternative energy enterprise. Of course, this is all assuming RONN ever sees that money because with typical penny stock scams that money is only mentioned in a PR and rarely appears in the company’s bank account. I can’t even keep track of how many deals these OTC scams release press about only to later recant or just go silent about the info.

To the first point, no legitimate bank, venture capital firm or individual angel investor would loan RONN $350mm especially considering they have no proprietary tech or proof of concept.

I am a fan of alternative energy and someday solar, wind and hydrogen may be the way but RONN will not play a role. This company, like all OTC entities, is good for a scalp and nothing more. Buy low and try to catch the upswing of a pump, then cash out but do not get caught holding a bag for too long.

And by all means the pump has seemingly run dry as the recent PR and desperate follow up tweets clearly show that the market doesn’t believe RONN. Sure, one deal could set this off BUT that deal has to be legitimate and nothing indicates there is any substance to the recent PRs, just more penny stock fluffery