It appears to be a repeat of the vision work fiasco bebee bought in to.
((where's the issue here?))
IMO, bebee should announce he will not buy the shell if it is not 100% clean as you say.
It is alarming to see them PR that they intend to complete the LOI and enter in to a definative agreement and then assets (which ones??) from PHGI will be transferred to the new shell. Then right after the PR we see that RNVO has a lot of debt, no asstes, but they raise the shares to a very large number.
I do not see how this is RNVO cleaning up the shell before selling it. It looks far more like carnes is going to milk this for every penny he can get and then sell a huge mess to bebee. That is how I see it and until bebee makes a public comment on his plans with RNVO now that we see more of a mess then before, that is the only way for me to view it.
Bebee is not shy about speaking up. IMO, he should PR RIGHT AWAY that he will NOT buy the RNVO shell unless it is 100% cleaned up. He owes that to shareholders imo.
If the plan was to only buy the shell if it was clean, I highly suspect he would have already said that. As it stands, unless I havent seen additional news, all anybody knows is assets from PHGI will be transferred to the RNVO shell and that they PR'd a deal was close to being finalized, and that RNVO is a shell with no assets and heavy debt and just increased the shares to a number so high I cant count the zero's.
But no word from bebee except to say RNVO can do whatever they want while they still own it? Why hasn't he come forward to state they will not touch RNVO if it is not clean and will look to purchase a different shell that is clean if the RNVO shell is not?