Renewal Fuels, Inc (RNWF)

[aristotelisonassis]

...old but gold...

Since the spring of the last year RNWF has terminated its obligation to make SEC filings.

At the web page of the OTC market, the company is already filed, like a dark reporting company.

The last information about the company are its financial reports for the year end 2008 and a statement of acquisition of beneficial ownership from the end of this April.

The facts, outlined in these two documents are rather convincing, that the traded under $1, RNWF stock, is good only for investors that like high risk.

The last official company's announcement is related to the Reporting Person, Mark A. Uram. There, it is written, that he is the beneficial owner of 36,100,000 shares, representing 93.1% of the issued and outstanding common shares of RNWF.

Based upon the 3,000,000,000 common shares authorized of the company, the beneficial ownership of of the above person equates to only 1.2% of the authorized common shares as reported on November 14, 2008.

Now, here we have a situation with the big investor, RNWF owner, who can control the company and without any further SEC or OTC filings to produce new company's outstanding capital almost freely.

What did this person acquired as a result of the above?

According the last available RNWF financials, the company reports total assets of 1.2 M, against total liabilities of 5,8 M.

In these assets, prevail have the following positions:

* Property, Plant and Equipment-net - 284 K
* Inventories - 355 K
* Intangibles-net - 214 K

In the above mentioned liabilities, the biggest share have Current Maturities of Convertible Debt. The amount of this debt is 3,6 M.

It is normal, that in such an informational dearth, investors may have serious doubts about the real value of the company and its shares.

http://www.hotstocked.com/article/2187/renewal-fuels-inc-otc-rnwf-stock-becomes.html

This is going much higher my friends!