Replies to post #1390 on Renewable Innovations Inc (REII)

[ZetaReticuli]

They don't need to sell. This stock is being pumped on only 7% of the outstanding shares as if it were all of the company. Once 215 million shares are dumped into the OS the market cap will balloon 36x times from current levels.

[ZetaReticuli]

They would have listed on NASDAQ from the start if they had the equity.

They don't and that's why they are in the OTC.

[Drugdoctor]

Obviously a comprehension disability, as it plainly states in all the filings, that the insiders own preferred shares. Pure FUD won't work here, as SEC filings show preferred shares held by insiders.

This can't be any clearer!

https://www.sec.gov/Archives/edgar/data/1725516/000149315222035337/form13d.htm

Item 5. Interest in Securities of the Issuer



(a) The Reporting Person is deemed to be the beneficial owner of 120,524,050 shares of the Company’s common stock, or 95% of the outstanding shares of the Company’s common stock. The Reporting Person’s beneficial ownership of these shares of common stock comes solely from his ownership of an aggregate of 1,205,240.50 shares of Preferred Stock. Each share of Preferred Stock is convertible into 100 shares of common stock. Each share of Preferred Stock also has voting rights equal to the number of shares of common stock into which it may be converted.

[Crabby!!]

Bingo