The RONN Con - OTC Deceit and Cognative Dissonance
Is RONN a typical OTC share selling machine? Absolutely. After a 100mm share reduction a few months ago, RONN has gone on to dilute 3x that amount of shares over the following months with no end in sight as selling shares is the ONLY source of revenue for RONN. Consistent with OTC equities, the dilution comes on back of press releases and tweets about grand business plans, none of which have (or will ever) come to fruition as written which indicates that RONN is a run-of-the-mill OTC stock designed to enrich insiders by ripping of naive investors.
Once you realize RONN’s sole purpose is to enrich insiders by churning shares, debating and discussing RONN’s involvement in the hydrogen energy sector is comical and fruitless. The list of unfulfilled enterprise claims from RONN goes as far back as 2008 when RONN rolled out a prototype hydrogen powered car of which zero commercial units were produced, much less sold in 2 decades despite the explosion of the EV market during that time. The bottom line is that RONN lacks any proprietary or essential technology to even participate in the alternative energy sector and 5th grade school children have better concepts for hydrogen energy applications.
In addition to having no tech or products, RONN has zero access to the intense capital needed to startup a legitimate alternative energy enterprise, an endeavor that costs dozens of billions of dollars and cannot be accomplished by diluting shares for fractions of a penny. No legitimate bank, venture capital firm or investor would loan RONN the money needed to manufacture a car or develop a hydrogen energy distribution network. Because of this RONN has allegedly partnered with a small group of First Nations folks and made absurd claims of monies being loaned, capital which will likely never show up in RONN’s bank account much less on a quarterly or annual report.
Therefore discussing or debating the fundamentals of RONN’s enterprise is a moot point because the company will never participate in the business it claims to be part of but that brings us to the next point…the cognitive dissonance of RONN “investors”….
The standard cry from the cognitively dissonant is that RONN is just a trading vehicle and should not be treaded like a legit, big board company when providing critical fundamental analysis yet when the company provides lofty fundamental objectives, it’s totally fine to believe press releases, MOUs, LOIs and other OTC methods for pumping a stock. Sorry folks, you can’t have it both ways….you cannot claim that RONN is just a trading vehicle and fundamentals don’t matter yet at the same time get all up at arms when anyone critically analyzes the fundamental business of RONN. If you’re not married to the company or stock then why would anyone care if someone else claims the fundamental business of RONN is fraudulent?
While the cognitively dissonant crowd is a mix of retail investors/traders who are hoping to make big returns, many of the fervent RONN “longs” are actually boiler room pumpers who are employed to further the financial objectives of nefarious outfits. Both groups will vehemently defend or attack anyone critical of the company and they will deflect all discussion towards the individual expressing critique, aka ad hominem attacks. This crowd will avoid discussing the critical analysis at all costs because there is no defending the indefensible.
And that’s what’s going on here but what do I know? I’m just a dude disguised as a dude playing another dude. I’ve seen this all before….in 2000 the OTC scams latched on to dorcoms, in 2014 the OTC exploded with a massive Pot Stock boom, from 2015 on it became crypto, then NFTs for a minute…..now it’s RONN making claims about alternative energy……almost ever instance has lead to failure, dilution, triple zeros and eventual delisting which is where RONN will end up. Take this info for what you will, trade all you want but do not at any point think RONN is a legitimate company that will ever participate in the hydrogen energy sector
AI
