Renewal Fuels, Inc (RNWF)

[ragmuff]

We will receive the NEW CVP shares for our OLD RNWF shares, a simple conversion at a ratio to be determined on the day the IPO hits. This will be like an RS except the OLD RNWF shares will cease to exist.

According to the agreement it looks like as of Nov 8, 64,175,520 shares of RNWF are held by shareholders and I would think that number has grown since. We still have no knowledge as to how many shares of preferred or common CVP will have.

2.3 Capitalization
. (a) The authorized capital stock of Renewal Fuels consists of 3,000,000,000 common shares and 20,000,000 shares of preferred stock, par value $0.001 per share. (b) As of the close of business on November 18, 2010: (i) 64,175,520 common shares were issued. (ii) No shares were held in the treasury of the Company