Renewal Fuels, Inc. Current Price: .0013 ce
Post# of 1230
Renewal Fuels, Inc.
Current Price: .0013 cents per share
Renewal Fuels, Inc. (RNWF) , formerly Tech Laboratories, Inc., is engaged in the business of designing, developing, manufacturing and marketing biodiesel processing equipment and accessories to convert used and fresh vegetable oil into clean-burning biodiesel. The Company's products allow customers to make biodiesel fuel, which is capable of powering all diesel fuel engines, at either personal or commercial production scales. It has developed a network of dealers in the United States for sale and distribution of its products.
Renewal Fuels' manufacturing facilities are located in Sparks, Nevada. On July 2, 2007, it acquired Biodiesel Solutions Inc. (BSI). On July 2, 2007, the Company and its wholly owned subsidiary BSI Acquisitions, Inc. (BSI Acquisitions) entered into a merger agreement with BSI. Pursuant to the BSI Merger Agreement, BSI Acquisitions was merged with and into BSI. In April 2007, the Company acquired Renewal Fuels, Inc.
Basically, from what I can find, this company is just a clean shell. That means it could be a reverse merger candidate. The fuel business itself is fairly standard, and would not indicate the amount of interest this company is generating. So something else must be going on. Lots of volume lately, and a whole lot of price appreciation makes this stock interesting. I suggest doing your research and taking a position if you are daring.
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