Wednesday, May 5, 2010
RNWF - Just The Start Of A Big Run
RNWF closed Wednesday up a mere 26%. Nothing to brag about gain wise, but I do think today marked the start of a substantial rally in RNWF shares. Why? For one a recent SEC filing indicates, none other than Mark A. Uram owns roughly 93% of the outstanding shares. Mark A. Uram? Who is Mark A. Uram?
Mark A. Uram also owns 1/3rd of the ETLS outstanding shares. Those of you might recall ETLS being at $.0006 when that filing hit the wires, and afterward ETLS ran from that price to over $.011 a share. I tend to believe that this Mark A. Uram, whoever he is, has a knack for owning stocks poised to rally. RNWF looks to be that next stock.
Here is the recent SEC filing showing Mark A. Uram owning 93% of RNWF's outstanding shares: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7204770
Another interesting point to note is that he acquired all the shares on the open market with cash purchaes: All Shares were acquired through cash purchase in open market transactions.
Just going with the Mark Uram/ETLS parallel RNWF could see a big move higher. Also factor in a recent 15-12G that usually is indicative of a reverse merger. Finally sprinkle some market maker short selling, and we have the ingredients for a potentially explosive move higher.
RNWF's chart is eerily similar to the ETLS chart I annotated at $.0006, just before the stock started to breakout. If RNWF isn't already on your watch list, now is the time to add it. I think its ready to post more than 26% gains going forward.
Mark A. Uram also owns 1/3rd of the ETLS outstanding shares. Those of you might recall ETLS being at $.0006 when that filing hit the wires, and afterward ETLS ran from that price to over $.011 a share. I tend to believe that this Mark A. Uram, whoever he is, has a knack for owning stocks poised to rally. RNWF looks to be that next stock.
Here is the recent SEC filing showing Mark A. Uram owning 93% of RNWF's outstanding shares: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7204770
Another interesting point to note is that he acquired all the shares on the open market with cash purchaes: All Shares were acquired through cash purchase in open market transactions.
Just going with the Mark Uram/ETLS parallel RNWF could see a big move higher. Also factor in a recent 15-12G that usually is indicative of a reverse merger. Finally sprinkle some market maker short selling, and we have the ingredients for a potentially explosive move higher.
RNWF's chart is eerily similar to the ETLS chart I annotated at $.0006, just before the stock started to breakout. If RNWF isn't already on your watch list, now is the time to add it. I think its ready to post more than 26% gains going forward.
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