Renewable Innovations Inc (CE) (REII) News

What a shame

Yep, $REII stole our $$$ and shares, so they can afford such a high dollar event. SCAMMERS!

https://www.fuelcellseminar.com/event/seminar/register-1

intersting email today:

Come see the World’s first Hydrogen Fuel Cell (HFC) UPS at the Hydrogen & Fuel Cell Seminar!

https://www.renewable-innovations.com/events?ss_source=sscampaigns&ss_campaign_id=6776ea64efd43636d353219a&ss_email_id=677d7194efd43636d3831846&ss_campaign_name=Come+see+the+World%E2%80%99s+First+Hydrogen+UPS%21%C2%A0&ss_campaign_sent_date=2025-01-07T18%3A25%3A26Z

Here's a link to the top class action settlements of all time, so I sure a huge corp like Renewable Innovations will make this list, lol
https://insights.issgovernance.com/posts/twitters-809-5-million-settlement-close-to-the-goal-line/

Yeah yeah wait 2 years to get your $15 bucks or so..

Fun post of year sadly
Whenever I hear ..lets sue the co ..let's get a lawyer. let's SLAM him / co with this or that.lets teach them a lesson lol 😆
I sadly laugh ,because I know, usually the victims get $10 -$50 bucks

Here is sample of suing and the results ,and this is BIG co called EQUIFAX

https://www.doctorofcredit.com/equifax-class-action-settlement-minimum-125-per-affected-person-more-for-those-that-incurred-damages/

Usually takes about 2 to 5 years to settle shit like this. I expect they will file bankruptcy soon and try to wiggle out of the lawsuits... Good luck to us!

Thank you and Mathews...I received an email with just....case joined... too

I got a response" Renewable Innovations, Inc. Case Joined!
Inbox

Team 11thestate
Nov 19, 2024, 6:10?PM
to me"


and here is the link

https://11thestate.com/cases/renewable-innovations-investor-suit

Not yet, but I'll post anything that comes in on that

Have you received any response from 11th team or from Kirby lawyers?

Yes..so sec is Not protecting shareholders. Its saying ,sorry you lost your 💰
Very sad that it's happened especially since hydrogen is the future.thats why we invested

An SEC revoked registration means shareholders still own their shares, but the shares can no longer trade on any public forum or market.

Revoked..ok can't trade anyway..what does it mean Revoked. To protect shareholders lol from what

What a shame hydrogen has so much potential .any hope for reii

https://www.ecoticias.com/en/elon-musk-stops-making-tesla/7170/

I hope you have a screenshot of some of those lies. I figure they will just file chapter 7 and we might get 5 cents on the dollar - or something... But anything is better than nothing. What a scam this ended up being.

Thanks for those links Drugdoctor. I've filled out forms on both those sites. I also commented on one of them, how the CEO held a shareholder's teleconference just before the stock was delisted, telling us the filings were in the hands of the accountants, and while they might be late they were definitely in the process of being delivered, which obviously never happened.

Here's another attorney on the REII case:

https://www.kmllp.com/cases-investigations/renewable-innovations-inc

I guess the stock story is now over. Only the class action lawsuit could recover anything, and that likely won't be but mere cents on the dollar, if anything. What a couple of old scammers these folks were.

REII: SEC registration revoked:

https://www.sec.gov/files/litigation/admin/2024/34-101674.pdf

Class action lawsuit has been filed - Here is a link to a company that says they will help you join the lawsuit.

https://11thestate.com/cases/renewable-innovations-investor-suit

Please let me know if there is any class action lawsuit…

So do you think the clowns at $REII bothered to respond?

I certainly will like to join the class action lawsuit.

Still pretending to get current….

Section 1 – Registrant’s Business and Operations

Item 1.01 Entry into a Material Definitive Agreement.

On October 15, 2024, we executed an Asset Purchase Agreement (the “Agreement”) by and between us and Renewable Energy, LLC, a Delaware limited liability company (the “Buyer”). Pursuant to the Agreement, we sold assets of our renewable innovation business, including the manufacturing, selling and renting of alternative energy and hybrid energy systems including ac power and dc power systems, which includes the integration of fuel cells and technology using fuel cells as a source of power (collectively, the “Renewable Business”). The sale did not include business related to our large suppliers and client agreements, our domain names, or our goodwill and going concern value. We will enter into a Reseller Agreement with the Buyer and continue to sell or rent products with our branding to existing customers developed over the past three years as well as new customers. The Parties will work together to generate business for their mutual benefit.

As consideration for the sale of the Renewable Business, we received total consideration equal to $4,685,216 in the form of (a) the assignment of $1,077,922 in promissory notes owed by us to C. Brilliant, LLC to Buyer, which notes were cancelled, (b) $1,173,378 in cash advances already made to us by Buyer, and (c) $2,433,916 in cash, which will be used to pay off liabilities and provide working capital for operations, including getting current in our filings with the Securities and Exchange Commission. We also received two percent (2%) of the equity in Buyer.

Section 2 – Financial Information

Item 2.01 Completion of Acquisition or Disposition of Assets.

The disclosure in Item 1.01 is incorporated herein by reference. The sale of the Renewable Business did not constitute a sale of substantially all of our assets.

Section 8 – Other Events

Item 8.01 Other Events.

On September 27, 2024, a Class Action Complaint was filed in the U.S. District Court for the District of Utah against us, Renewable Innovations Corp., Robert L. Mount and Lynn Barney by Alex Aliksanyan, Thomas Grbelja, William McLeod, and three others alleging violations of Sections 10(b) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 thereunder, against the individual defendants for breach of Section 20(a) of the Exchange Act and breach of fiduciary duty, and asking for an injunction blocking the transaction described above in Item 1.01. We believe the allegations are wholly without merit and for the sole benefit of the plaintiffs to the detriment of all the other shareholders and intend to move to have them dismissed as soon as possible.

8k out 

seems they sold business, though have the right to still sell their products..

So the scammers have 10 days to answer, otherwise the stock will likely be suspended for 1 year or registration totally revoked by the SEC.

Let's see what these lowlife scammers do now.

REII SEC Admin. Proceeding for severely delinquent Financials:

https://www.sec.gov/files/litigation/admin/2024/34-101364.pdf

Hydrogen day
https://x.com/RenewableInnov2/status/1843740731544089087

https://x.com/Drugdoctor2014/status/1843747130068086903

It's already 0 value

Great news to go to 0 value…zero

https://www.ecoticias.com/en/water-based-hydrogen-engine-hypercar/6197/

It is amazing to see how Robert Mount with his age do things like this…poor Bob in the future and por of us in the present

More like an evil clown fraudster

Mount is a clown

$REII reduced to being product middleman - a reseller of products that are way too expensive at the prices they are trying to get. Another failed venture for the old men running this scam. https://x.com/RenewableInnov2/status/1829558934207938865

The the same reason that any company goes public…

Very disappointed

They're scheduled to file on or before the 12th of never

New portable products offered by REiI…seems to be that the company is active, when they file ???

Let them go to a bank!!
Or don't start with other people's money.
Oh I got an idea ..everyone give us money..ALL the money goes into filing..you know how much filings cost?? A ton!!!
Then they file wrong cost more money.
Thats why I say

What is co business??? Sell shares

They can't sell any shares for fund raising while they're on expert market. Defeats the purpose of being a public company.

Why should they get out of expert market. They are doing fine ..selling products. Making orders, even paying someone to answer the phone , co doing ok.
They don't have to report to shareholders..life is great

You guys gonna buy if this gets out of expert?

What a great da yfor REII...very low volumen though....hopes never die

:)

Those that can trade the expert market, trying to get longs to give up and sell at .0001. Same old market manipulation over and over again. SEC doesn't care about penny stocks - basically the wild wild west.

Who the hell buys 111 shares at no value to get the pps to 0, literally, I had lost much money on this one and in most OTC tickers...it was a huge mistake to live on hopes that never arrives...CEO s must be on jail at least...they had been playing wit our money...SEC must avoid all these scams prohibiting all these garbages

We used to email exactly one year ago… figured I would send him off another one. It didn’t get blocked like the one posted but no response yet. I think these boys are done. I also heard the ceo remortgaged his house for this company so let’s see if he loses that

Did you get any response?

I emailed Barney a few days ago and didn’t get a block email in return