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[QUOTE]Originally posted by will: [QB] I am not pumping this as a play I would just like to pull it all together, and present some factual history. First I want to go back to early September '05, and ask that you read the following From 4/A filing: [URL=http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001219849%252D05%252D000006%252Etxt%26filepath%3D%255C2005%255C09%255C06%255C&symbol=RNVO]http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename %3D0001219849%252D05%252D000006%252Etxt%26filepath%3D%255C2005%255C09%255C06%255 C&symbol=RNVO[/URL] Notice Stephen Carnes, CEO, bought 200,000,000 shares of his company for $120,000. The previous Form 10 filed on 9/2/05, prior to the above 4/A stated the O/S as : The number of shares of Common Stock, $0.001 par value, outstanding on March 1, 2005, was 214,149,409 shares, of which we know Mr/ Carnes owned only 45,000,000 of from the 4/A listed above because it put his total ownership at 245,000,000 . The Form 10 filed after the the above 4/A stated the O/S as: The number of shares of Common Stock, $0.001 par value, outstanding on September 30, 2005, was 485,479,216 shares, of which Mr/ Carnes then owned 245,000,000. Now let's assume the first 45,000,000 came to be in pocession via S8's and/or other type compensation, costing him $0.00. We know from the Form 4/A filed 9/6/05 the 200,000,000 cost him $120,000, or he bought at .0006. So he has 245,000,000 at .00049 average cost. Then on 9/29/05 an 8K was filed announcing a merger plam with ei3. [URL=http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001077048%252D05%252D000549%252Etxt%26filepath%3D%255C2005%255C09%255C29%255C&symbol=RNVO]http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename %3D0001077048%252D05%252D000549%252Etxt%26filepath%3D%255C2005%255C09%255C29%255 C&symbol=RNVO[/URL] Now might be a good time to look at the Chart of RNVO, with the 9/6/05 and the 9/29/05 dates in mind. Concentrate your attention to the beginning of July to the beginning of October. you have a low of .0003 and a high of .0086 in that time frame. (Multiply Mr, Carnes worth out at the top of the chart, 245,000,000 X .0086, approximately $2.1M CHART : http://stockcharts.com/h-sc/ui?s=RNVO&p=D&yr=1&mn=6&dy=0&id=p16596250163 then we fastforward to an 8K filed on 6/12/06 terminating the planned merger. [URL=http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001077048%252D06%252D000322%252Etxt%26filepath%3D%255C2006%255C06%255C12%255C&symbol=RNVO]http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename %3D0001077048%252D06%252D000322%252Etxt%26filepath%3D%255C2006%255C06%255C12%255 C&symbol=RNVO[/URL] Reviewing the chart again we can see the value of the stock has fallen to .0007 at that time. Now on 9/25/06 Mr Carnes buys another 14,375,000 for $23,000, bringing his total ownership to 259,375,000 or almost 52% of O/S as reported in the most recent Form 10 filed on 11/14/06 : The number of shares of Common Stock, $0.001 par value, outstanding on November 8, 2006, was 499,854,216 shares. 259,375,000 shares at .001 has his value at $259,000, for his total investment of $143,000 after his last 114,375,000 purchase. Now here's the question I have been asking myself. Is it in Mr. Carnes best interest to dilute and R/S his stock, or to find another suitor to plan a new merger with? Like I said, no pump, just thinking outloud and presenting some historical facts. [/QB][/QUOTE]
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