Renovate Neighborhoods Inc (RNVT)

[K23]

Thanks Romy. You brought out pretty important information (naked truth). "Their last filing shows their cash is USD 105, inventory USD 96,460 and receivables USD 74,100".

See they do not have cash on hand. Once all the existing beer in the stores is sold, the merchants pay it to BLVI. When the Management do not have money for their own salaries, how can we expect to pay for Press Releases. Thats why some of us (ScGar, you, myself and others) have been concerned about their cash balances for some time. We are not questioning the integrity of the management.They might as well be honest to God. But we have to see the reality and not our wishful thinking.

The stock could bounce back in some time. No doubt. It has good product on market and good Executives but currently they are facing severe financial crunch. Just accept the facts folks.