Renuen Corp. (RENU)

[finishsuper]

Have you mentioned this to IR ?

IMO, we need to make sure we have the roles right. IR is the conduit between which information is to flow from management to shareholders, and to a lesser extent, vice versa.

It is the CEO's responsibility to conduct and maintain the total company model, and this includes his responsibility to his shareholders. He cannot abdicate this task solely to the IR staff, and he cannot 100% entrust this to them either.

It is his responsibility to openly and effectively communicate details, goals and visions that are crucial to both long term investors as well as potential new investors, so that they can make individual investment decisions as it pertains to that particular company.

If he takes a position of "I'm just going run the company, and let them figure it out and catch up", he will find himself without long investors and with a bunch of flippers and shorters. A good CEO will cultivate through his leadership and communciation skills, a group of knowledgeable, informed, and therefore committed long term, big time holders of his stock, thus providing stability to the price and a better potential for return on their investment.

IMO, this is why it is almost impossible to find a good CEO in penny land. Most are either egotistical maniacs, who think they are the gift to investing mankind, and only use shareholders as their personal change purse, or they are sincere in what they are trying to do, but lack the basic skills of management and communication, and are unable to convince and persuade investors to partner with them.

I've learned a lot of lessons the hard way here in pinkie land, but one thing I was taught early on, that I did not learn until the School of Hard Knocks showed up, was that the CEO and his abilities/inabilities is the biggest component to the success (profitability both long and short term) of any penny play. I believed in Mr. Scott, and I proved that by how much I invested here. Unfortunately, I am currently at the belief that I misjudged him, and find myself in a precarious investing situation.

My future investments are much more focused on a better knowledge and relationship with the CEO. Without a catalyst here, to provide either a suitable exit or profitability, I am "forced" to wait it out, hoping that a changing of the guard will result in a more favorable condition, which is yet to be seen.

But then again........ what do I know?