Renewal Fuels, Inc (RNWF)

[ID Supermoney]

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.


Why would this even be sold???



ID