"NORTH LAS VEGAS, NV--(Marketwired - Nov 1, 2017) - Renewable Energy and Power, Inc. ( OTC PINK : RBNW ), a diversified corporation with markets in energy-saving technologies of LED lighting, solar and wind energy, is considering a number of offers for equity investment that will better support the share pricing.
"Recently, the company's note holders have put a large number of shares into the market, driving down the share price," said company CEO Donald MacIntyre. "Obviously, this is not the direction we want our share price to be moving, and we are actively working to enter into new agreements that will better support our stock."
The company has consolidated two note holders into a single friendly note holder who is committed to the goal of long term growth of the company and will provide additional working capital to increase inventory levels and expand sales channels. The company's goal is to stop/slow down note conversions and the subsequent sale of new stock into the market by continuing to consolidate existing notes.
"When we have more definitive information, we will issue a news release and put it up on our social media," said Mr. MacIntyre."
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