Item 4. Purpose of the Transaction. Section 4 is hereby amended in its entirety as follows:
The Reporting Persons purchased the Common Stock of the Issuer based on the belief that such securities, when purchased, were undervalued and represented an attractive investment opportunity. The Reporting Persons recognize Management's proactive efforts in navigating the significant downturn in oil prices, including noteworthy salary concessions along with a well-executed strategic plan to reduce debt with sales of non-strategic assets. It is the Reporting Persons' belief that the valuation of the Issuer's securities, both debt and equity, does not reflect these recent actions or the value of the remaining assets.
Big funds have been buying REN stock and this is GOOD news. Go REN Go *******************