808 Renewable Energy Corporation (OTCQX: RNWR) Closes $2,000,000 of $10,000,000 Offering on First Day of The Offering
PR Newswire - Thu Oct 23, 1:14AM CDT
808 Renewable Energy Corporation (OTCQX: RNWR), Closes $2,000,000 of its $10,000,000 Convertible Preferred Offering on the First Day of the Offering. Board Member Thomas Grainger has purchased the first $2,000,000 of the offering and secured a ninety day option on another $5,000,000.
808 Renewable Energy Corporation (OTCQX: RNWR), Announces $10,000,000 Convertible Preferred Offering
PR Newswire - Fri Oct 17, 1:52AM CDT
808 Renewable Energy Corporation (OTCQX: RNWR), Announces $10,000,000 Convertible Preferred Offering. The Company may reduce or increase the size of the Offering at its own discretion. The Company currently has zero debt and recently started trading on the OTCQX under the symbol RNWR. In addition the Company recently estimated a 43% increase in total kWh of electricity generated in the 3rd Quarter 2014, compared to the prior Quarter. In addition it looks like sales numbers will be along the same lines. The company's CEO Patrick Carter was recently quoted as saying "There is an urgent need among the public and the private sectors for cost-effective, carbon-neutral energy solutions. Our increased production validates our commitment to seize this opportunity and to reward our investors with significant returns in the long run." The Company's CHP systems produced over 1.4 million-kilowatt hours in the 3rd Quarter of 2014, compared to less than 1 million kilowatt-hours in the 2nd Quarter of 2014.
808 Renewable Energy Corporation (OTCQX:RNWR) is buying back up to 20 Million shares of its common stock.
PR Newswire - Thu Oct 09, 11:10PM CDT
808 Renewable Energy Corporation (OTCQX: RNWR) is pleased to announce that the Board of Directors has authorized a share buyback program to repurchase up to twenty million (20,000,000) shares of its common stock on the open market. "We feel that at the current prices and our assets intrinsic and book value we are trading at a deep discount. We will continue to purchase shares until this is no longer the best use of any excess capital that we may have. We continue to be debt free and have no payables or receivables," Patrick Carter, the Company's CEO, states. "We feel our company is in a better position than ever and that with no debt and a low price we are buyers of our own stock at these levels."
808 Renewable Energy Corporation (OTCQX:RNWR) Has Announced An 43% Increase in Quarterly Revenue For The 3rd Quarter
PR Newswire - Wed Oct 08, 1:46AM CDT
808 Renewable Energy Corporation (OTCQX: RNWR), today announced a 43% increase in total kWh of electricity generated in the 3rd Quarter 2014, compared to prior Quarter. The Company projects that the robust production growth will continue over the 4th Quarter due to the expected reactivation of several more of its CHP systems. The Company's CHP systems produced over 1.4 million-kilowatt hours in the 3rd Quarter of 2014, compared to less than 1 million kilowatt-hours in the 2nd Quarter of 2014.