Renuen Corp. (RENU)

[illegal_alias]

There is still a lot that needs to be done to get this company fully reporting and also compliant with other SEC requirements.

The two obvious items are the 2010 10K and 1st qtr 2011 10Q

Additionally, there needs to be better internal disclosure and financial controls (see Part I - item 4 in last 10Q).

This leads to Item 5 in Part II about the various committees that need to be formed - audit, nominating, compensation.

now, that is a snapshot in time as of Sept 30, 2010 when apparently not much was happening with this company. It would be reasonable to assume this is being worked on post-Jan 31, 2011 under new management. However, don't expect to see this reported on until 8-Ks and/or the 2011 1st qtr 10Q is filed. The 2010 10K isn't going to tell us much since that is still the old company/management.

In order to address the committees that need to be formed, additional and independent directors will be needed.

So, still a ways until the paint dries...