Replies to post #721 on Renewable Innovations Inc (REII)

[uksausage]

merger with renewable-innovations existing company with deal with GM and others . They supply mobile or stationary charging facilities for EVs using Hydrogen fuel cells. think Rallys and concerts, temporary or movable facilities

although originally only 6m OS they have "awarded" the new management 2m preferred shares (which on conversion will be 200m regular shares)
This is in payment for the company ow it was valued we dont know yet.
It also means only 30-40m available shares for any fundraising they are bound to be needing (unless the only reason for going public was for the founders to cash out)
lots of excitement with only 3m actual float but market and the though of those shares converting and being added to float has dampened the enthusiasm for a day.