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.

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