Looks like I'll be coming back to Renu. Big things just might be happening here. 20 Business days puts it at March 28th.
RenuEn Corp Announces FINRA Approval of Reverse Stock Split
CEO Announces Completion of FINRA Approval of One for Fifty Reverse Stock Split Effective Today
JUPITER, FL--(Marketwired - Feb 28, 2014) - RenuEn Corporation (OTC Pink: RENUD) (OTC Pink: RENU), a Renewable Energy Development and EPC Company, announced today that FINRA has approved the company's request to complete a 1 for 50 stock split.
Jeff Nemes, CEO of RenuEn, stated, "Over the last five weeks, FINRA has completed a comprehensive review of RenuEn and its officers, resulting in approval for our requested reverse split which becomes effective today." Nemes added, "The reverse split was prepared and submitted by our securities counsel Laura Anthony, Esq. and her team at Legal & Compliance, LLC following approval by the Board of Directors and a majority shareholder vote."
Mr. Nemes continued, "With this milestone behind us, coupled with our rapidly expanding Energy Solutions Dealer Program, we are already creating positive operational cash flow on a daily basis." He added, "Over the last three days our Florida dealers have submitted over $100,000 in new sales and I am expecting the company to reach the $1,000,000 sales mark in the next ten days. This is a historic moment for RenuEn considering I assembled this amazing management team in just the past two months. With a majority of my management team in place, I can now focus our efforts on building on the sound financial foundation we have created. In fact, our President Walt Kritsky and I see so many new and unique projects and opportunities on the horizon, I am confident that our shareholders will see the value that the recapitalization of the company brings to all of our current and future shareholders."
Nemes added, "FINRA has notified the company that the 1-50 Reverse Split announced on today's daily list has an effective date of 2/28/14. As of the effective date, the company's stock symbol will be RENUD. The 'D' will be removed after 20 business days."
Do your own DD. Don't take anything I say as Investment Advice. I'm just Playing the Pennie's like You.
