PINK:RNWF – Renewal Fuels, Inc. is said to be in talks with two reverse merger candidates, CPV Renewable Energy Company and E.ON Climate and Renewables with the latter being their prime reverse merger candidate target. A reputable independent research company unearthed these two companies after having the minutes of the meeting held over the weekend between the two companies and Renewal Fuels, Inc. accidentally copied to them via email. According to the research company the reverse merger deal could possibly be sealed as early as this week. They also pointed out that Renewal Fuels, Inc. according to the minutes of the meeting was planning to retire 1.95 billion shares to facilitate a smooth reverse merger transition. The research company was reluctant to give out any additional information as they said the pending press release for Renewal Fuels, Inc would outline all the details to circumvent further shareholder speculation.
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