600% im Plus da gucksch - 500 Beiträge pro Seite

[Roulett.Profi]

ich kann nicht anderst


schafft sie es Heute noch auf

DAUSEND

[siluro]

meine fresse,,
der hammer
und ich war nicht dabei

[Roulett.Profi]

ich mußte 50% über Pari Bezahlen



(0,001)

[WissenMacht]

[calibra21]

Ich habe es mehrmals veröffentlicht. Mich trifft keine Schuld!

http://www.wallstreet-online.de/ws/community/board/thread.ph…

und auch vorgestern habe ich einen Thread eröffnet:

http://www.wallstreet-online.de/ws/community/board/thread.ph…

und noch einer:

http://www.wallstreet-online.de/ws/community/board/thread.ph…

bin unschuldig! heute hab´ich 400 % realisiert! Strike!

[calibra21]

habe aber schon wieder eine Megaperle für morgen

auch ein Subpenny!

[Nedle25]

[posting]17.821.619 von calibra21 am 07.09.05 21:59:53[/posting]wie heisst der denn?*G*

[calibra21]

[posting]17.821.695 von Nedle25 am 07.09.05 22:04:33[/posting]werde morgen um 6.30 Uhr den Thread eröffnen. Muß ihn erst noch ausarbeiten. Mann will ja keine Fehler machen

[Roulett.Profi]

Morgen Kommt erstmal ne Mega-Nachricht von
Fusion und Auftägen und dann ziehen uns wir die NEUE
Perle rein

RNVO hat mit 0,007-Plus 536% geschlossen

Umsatz 222118215

Da muß was dahinterstecken

[Csillagok]

So eine Spitze hatten wir doch schon mal an einem Tag , dann sackte wieder alles zusammen.
So wirds auch diesmal sein.

[calibra21]

[posting]17.821.828 von Csillagok am 07.09.05 22:14:38[/posting]Glaub ich nicht. Der Umsatz war extrem!

[Loewe2004]

nächster Vervielfacher könnte sein ...

...Conectisys Corp. 915277

[markt.]

könnte sein ...könnte aber auch nicht...aber was hat das mit renovo zu tun

[markt.]

[posting]17.821.828 von Csillagok am 07.09.05 22:14:38[/posting]warum ?

[gauner1]

morgen

welcher wkn oder isin hat RNVO ?

danke

[sireuitz]

[posting]17.822.965 von gauner1 am 08.09.05 07:29:40[/posting]WKN: A0B6J8

Gruß,sireuitz

[Papasimon]

ich wollte vorgestern kaufen und die dresdner fucking online banking hat immer einen fehler beim kauf ausgelöst
ich weine gerade wirklich!

[Roulett.Profi]

wer wollte das nochmal bestätigt haben
mit den 0,006

hier Guckst du

http://stockcharts.com/def/servlet/SC.web?c=rnvo,uu[w,a]wacl…

[Roulett.Profi]

ach der wars

Csillagok

will noch rein

[Csillagok]

Bin gestern in BLN noch zu 0,002 reingekommen.

[arubabeachclub]

Anfang der Woche wurden Calibra und ich noch als Pusher beschimpft und ausgelacht.
Wie schnell sich das Blatt doch wendet.
Schaut euch mal AZRI.PK an.
Da habe ich heute einen Thread eröffnet.
Kein Penny Zock aber ich erwarte da auch eine Vervielfachung in den nächsten Wochen.

[Schablonski]

gestern wurde ein Insider-Kauf gemeldet

200.000.000 Stück !!!!

siehe SEC-Filings www.otcbb.com

[Wachsam]

GRATULATION für diese Verarschung !!

[SlayGrosswildjaeger]

Ich habe mir gestern 1 Million Stücke zu 4000 Euronen rausgelassén! Gleích mit ner -vk - Order zum Vielfachen des Kurses long gesetzt!

[SlayGrosswildjaeger]

....und somit vor Hedgern geschützt! Rate Euch das gleiche zu tun: ultimo vk order zum Vielfachen!

[markt.]

nicht schlecht das...heute wieder auf 0,005 USD Schlusskurs rauf ...

[Stephan0603]

Sieht für Heute doch sehr gut aus.

[SlayGrosswildjaeger]

[posting]17.860.170 von Stephan0603 am 12.09.05 08:16:44[/posting]Sieht Klasse aus sogar! Soll ich mir noch ein Schäufelchen gönnen??

[Stephan0603]

Ich möchte nun auf Renovo Holdings (US-Kürzel: RNVO, WKN:A0B6J8) aufmerksam machen.

Renovo Holdings (US-Kürzel: RNVO, WKN:A0B6J8] unterstützt und berät finanziell angeschlagene Firmen bei der Sanierung.

Da sich Renovo Hldgs. noch im Entwicklungsstadium befindet ist das Kurspotenzial extrem hoch.

Wie man auf dem 2 Jahres-Chart sieht kostete eine Aktie von RNVO noch vor einem Jahr über einen Cent!

Wenn RNVO lediglich auf den Stand von Juli 2004 zurückkehrt hat man bereits ein Kursplus von über 1000% ( in Worten: EINTAUSEND) zu verbuchen. Das dies nicht mal so unwahrscheinlich ist bestätigt mir ein Blick auf das OTC-Board.


RNVO wird meiner Meinung nach viel zu wenig Beachtung geschenkt. Wenn der Titel erste Erfolgsmeldungen zu vermelden hat wird der Kurs unaufhaltsam in die Höhe schießen. Ich habe mich gestern mit einer kleinen Position eingedeckt.

Ich rate euch schaut euch diesen Wert mal an.


Gruß Stephan

[janfer]

@Stephan 0603:
verfolge bereits seit Monaten Deine Threads und Postings die ich für sehr erachte. Kannst Du, sofern es Deine Zeit ermöglicht, über Dein Motiv des heutigen Kaufes informieren.

@Arubabeachclub:
Hi, und schön Dich auch hier anzutreffen. Unsere GWGO bewegt sich. Freue mich auf die Party. Starte die Rakete.

Schönes Wochenende an Alle.

[Stephan0603]

[posting]17.930.100 von janfer am 16.09.05 21:03:57[/posting]Werd ich dir sagen!!!!!!!!!!!!!


1.)Renovo co käuft 200 mil. Aktien selbst, weil er glaubt und
auch überzeugt ist das seine Fa. VIEL VIEL VIEL mehr wert ist.

2.)Bei OTC findest du über Renovo ÜBERHAUPT keine NEWS!!
Ich frag mich warumaber er kauft 200mil Aktien,
also ist er doff oder nur SEHR SCHLAU??

Nach seinem kauf sind noch 48 mil im handel, ich hab davon
schon 4,5 mil, und ich glaub hier bei wo sind mit sicherheit noch mal 20 mil. also eine news und der KURS GEHT DURCH DIE DECKE!!!!!!

3.) Immer wieder auf eienen fahrenden zug aufzusteigen
nervt mich, also kauf ich mir mein depot mit nebenwerten
zusammen.



4.) ES muß nur EINE anfangen zu laufen und ich bin mit meinen NEBENWERTEN CA 12 GANZ VON ANFANG AN DABEI!!!


Und ich hab zeit, sehr viel zeit.


Reicht dir das???


Gruß Stephan

[janfer]

Hi Stephan0603, danke für Deine Einschätzung. Auch ich habe keine Musse auf fahrende Züge zu springen. Die könnte man im Vorbeifahren tatsächlich verfehlen. Dann tut es weh. Bin bei Renovo (Fortis) seit letzter Woche investiert. Es spricht vieles für Deine Einschätzung. Schaun mer mal.

Bin auch seit Beginn bei einigen Werten ziemlich von Anfang an dabei (Energulf seit Mai, GWGO seit Juni, SEIH ...). Habe vermutlich einmal in die Sosse (bei Nannaco) gepackt.

Entwicklung v. Energulf ist jedem bekannt und GWGO ist vermutlich gestern zum Leben erweckt worden. Und SEIH verspricht ebenfalls etwas.

Bei Renovo bin ich ebenfalls sehr optimistisch, dass da etwas kommen wird.
Nicht umsonst hält CEO über 200.000.000 Shares. Also, wait and see.

[Stephan0603]

[posting]17.932.706 von janfer am 17.09.05 09:26:28[/posting]In NNNC bin ich auch voll rein, und bleib es auch!


Gruß Stephan

[Stephan0603]

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[Stephan0603]

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[janfer]

Hi Stephan,

habe 400.000 St. Renovo (Fortis). Kannst Du gerne mit in Liste aufnehmen.

Sorry aber nochmals ´ne Frage zu NNNCO. Wie siehst Du denn die Situation?

Liebe Grüße und einen spannenden Fussballnachmittag wünscht janfer

[SlayGrosswildjaeger]

[posting]17.934.400 von Stephan0603 am 17.09.05 13:07:10[/posting]nein du hast walfänger vergessen, nen physischer kumpel von mir! der hat auch schon 125.000 stück!

[SlayGrosswildjaeger]

Stephan 4.500.000
Slay 1.000.000
Money4Life 800.000
gauner 650.000
Toth 500.000
hunnifunny 400.000
walfänger 125.000

----------------------------
jetzt schon 7.975.000

[SlayGrosswildjaeger]

[posting]17.934.495 von janfer am 17.09.05 13:17:11[/posting]Stephan 4.500.000
Slay 1.000.000
Money4Life 800.000
gauner 650.000
Toth 500.000
hunnifunny 400.000
janfer 400.000
walfänger 125.000

----------------------------
jetzt schon 8.375.000

[Stephan0603]

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[SlayGrosswildjaeger]

Hier der INSIDERKAUF VOM CEO!! 200.000.000 MIO zu seinen 45.000.000 zugekauft - er hält 245.000.000 aktien von 286.000.000

RENOVO HOLDINGS: 4/A, Sub-Doc 1 BACK PRINT THIS PAGE CLOSE WINDOW
FORM 4/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2008
Estimated average burden
hours per response 0.5



Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*CARNES STEPHEN

--------------------------------------------------------------------------------
(Last) (First) (Middle)
4185 W. LAKE MARY BLVD, #137


--------------------------------------------------------------------------------
(Street)LAKE MARY FL 32746

--------------------------------------------------------------------------------
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
RENOVO HOLDINGS [RNVO] 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)X Director X 10% Owner
X Officer (give title below) Other (specify below)
President/Secretary/Treasurer

3. Date of Earliest Transaction (Month/Day/Year)
08/22/2005
4. If Amendment, Date of Original Filed (Month/Day/Year)
09/06/2005 6. Individual or Joint/Group Filing (Check Applicable Line)X Form filed by One Reporting Person
Form filed by More than One Reporting Person



Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common 08/22/2005 08/22/2005 P 200,000,000 A $ 120,000 245,000,000 D


Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date
(Month/Day/Year) 7. Title and Amount of Underlying Securities
(Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4) 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
Stephen W. Carnes 09/06/2005
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.


Copyright © 2005 QuoteMedia. All rights reserved. Terms of Use.
Financial data powered by QuoteMedia, www.quotemedia.com, SEC filings by 10kWizard.

[Stephan0603]

!

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[SlayGrosswildjaeger]

[posting]17.934.423 von Stephan0603 am 17.09.05 13:08:50[/posting]Habe meine zu 1 Euro ultimo zum Verkauf drinstehen! Werde sie aber auf 10 Euro setzen die VK Order zu Renovo!!

[janfer]

Ich auch. Aber nur bis Fussballanpfiff 14.30 h.

[SlayGrosswildjaeger]

[posting]17.934.423 von Stephan0603 am 17.09.05 13:08:50[/posting]...habs stephan versprochen!! er denkt das geht zu schnell mit 1 euro!!

[SlayGrosswildjaeger]

[posting]17.934.594 von Stephan0603 am 17.09.05 13:38:26[/posting]cool!

[Stephan0603]

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[SlayGrosswildjaeger]

up

[SlayGrosswildjaeger]

up

[SlayGrosswildjaeger]

up

[SlayGrosswildjaeger]

up

[Stephan0603]

!

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[SlayGrosswildjaeger]

up

[Stephan0603]

!

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[SlayGrosswildjaeger]

up

[Stephan0603]

!

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[Stephan0603]

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[SlayGrosswildjaeger]

lasst uns kurz auf platz 1 schiessen und dann alle meldungen rein und die infos dazu!

[Stephan0603]

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[SlayGrosswildjaeger]

up

[Stephan0603]

!

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[SlayGrosswildjaeger]

up

[SlayGrosswildjaeger]

up

[SlayGrosswildjaeger]

renovo ist der absolute hammer!!!

[Stephan0603]

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[SlayGrosswildjaeger]

das ding müssen wir bekannt machen, dann gibt es kein halten mehr!!

[SlayGrosswildjaeger]

RAKETE!!

[Stephan0603]

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[SlayGrosswildjaeger]

up

[SlayGrosswildjaeger]

renovo to the orbit!!

[SlayGrosswildjaeger]

up

[Stephan0603]

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[Stephan0603]

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[janfer]

Explosion bis € 1,00 in Kürze möglich.

Up and to the north.

[Stephan0603]

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[Stephan0603]

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[Stephan0603]

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[Stephan0603]

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[Stephan0603]

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[Stephan0603]

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[SlayGrosswildjaeger]

Da kommt was.
Im Raging Bull Board sind einige Mitglieder dabei, die Story hinter RNVO aufzudecken.

Called the SGLS # and got thru..got transfered to Evan, with Renovo and chatted a bit. He gave me a direct # to him which is 407-265-2884. Told me to give the # to anyone that had Q`s and he would answer to his best ability without disclosing info that can`t be given to public before a PR or whatever .
Call with good Questions! I have to go to work now. Hopefully we`ll see some positive things soon.


und das hier ist auch interessant:

Yes he is the CEO! Check the address!!!
http://www.pinksheets.com/quote/company_profile.jsp?symbol=S…

Der selbe CEO bei beiden Gesellschaften. Ist SGLS der MERGER ?

[SlayGrosswildjaeger]

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2008
Estimated average burden
hours per response... 0.5

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940




1. Name and Address of Reporting Person *

CARNES STEPHEN 2. Issuer Name and Ticker or Trading Symbol

RENOVO HOLDINGS [ RNVO ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director __ X __ 10% Owner
__ X __ Officer (give title below) _____ Other (specify below)
President/Secretary/Treasurer
(Last) (First) (Middle)

4185 W. LAKE MARY BLVD, #137 3. Date of Earliest Transaction (MM/DD/YYYY)

8/22/2005
(Street)

LAKE MARY, FL 32746
(City) (State) (Zip) 4. If Amendment, Date Original Filed (MM/DD/YYYY)

9/6/2005 6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common 8/22/2005 8/22/2005 P 200000000 A $120000 245000000 D

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
CARNES STEPHEN
4185 W. LAKE MARY BLVD, #137
LAKE MARY, FL 32746 X X President/Secretary/Treasurer

Signatures

Stephen W. Carnes 9/6/2005
** Signature of Reporting Person Date



Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

[SlayGrosswildjaeger]

Das Beste aus dem veröffentlichten 10-QSB!!

...As of June 30, 2005, we have been in preliminary discussions with a private company interested in a potential merger with us..

FUSION??? Hey das wärs! Die nächste Rakete?

Jungs, locker bleiben und dabei bleiben! Hier kommt was! Glaubt ihr nicht?

[Toth]

Wow, was ist denn hier heute los.
Na da kann es ja am Montag losgehen.

[SlayGrosswildjaeger]

Posting aus Ragingbull:

GUYS, I GOT THE FEELINGS THAT WE ARE GOING TO GET A BIG NEWS SOON,GET IN BEFORE IS TO LATE.SOMETHING HUGE TO HAPPEN, AND THIS STOCK WILL SHOOT TO THE MOON!


Nachdem der Kurs konsolidierte, will jetzt keiner mehr verkaufen.

[SlayGrosswildjaeger]

Im Yahoo Board haben wir folgendes Posting gefunden:

Hurricane Katrina costs $9.5 billion...how much goes to RNVO ...the leader in catastrophe relief (per their website)

Damit ist klar, weshalb die Kurse sprunghaft anstieg, oder ?

ausserdem spekulieren einige Mitglieder im Raging Bull Board, dass der merger SLGS ist.
Das macht Sinn, da Steve Carnes President + CEO bei beiden Gesellschaften ist.

Hierzu auch ein Posting:

I JUST SAW THAT TOO, MAN IF THAT IS TRUE,WE WILL BE HITTING FOR SOMETHING HUGH, BECAUSE THIS COMPANY SLGS IS FOR REAL.GOOD DD.THE COMPANY IS LOCATED IN FLORIDA.GLTAL

Wer ist dabei ?????

[SlayGrosswildjaeger]

Interessantes Posting aus dem Raging Bull Board:

Called the SGLS # and got thru..got transfered to Evan, with Renovo and chatted a bit. He gave me a direct # to him which is 407-265-2884. Told me to give the # to anyone that had Q`s and he would answer to his best ability without disclosing info that can`t be given to public before a PR or whatever . Call with good Questions! I have to go to work now. Hopefully we`ll see some positive things soon.


und auch das gibt neuen Anreiz zu Spekulationen

Yes he is the CEO! Check the address!!!
http://www.pinksheets.com/quote/company_profile.jsp?symbol=S…

Der selbe CEO bei RNVO und SGLS

Ob SGLS doch der merger ist ?


Hier geht was !!!!

[Toth]

Gesamt 6.907.598

Da fehlen doch bestimmt noch welche.
Los Leute eintragen!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[SlayGrosswildjaeger]

[SlayGrosswildjaeger]

CEO Carnes has a plan alright.

His plan is to screw the shorts who F`d with his company for 3 years. Just look at the chart and what these F`ing offshore shorts did!

[Toth]

Ohne den Deckel von gestern ständen wir auch schon höher.
Man hat die letzten zwei Tage gesehen, dass nach unten nichts mehr geht.
Ideale Einstiegs oder Nachkauf Gelegenheit.
Leider habe ich keine Mittel mehr um nachzulegen.
Auch ohne News sollte es erst mal wieder etwas up gehen.
Mit News……………………….BOOOOOOOOM

[SlayGrosswildjaeger]

Erste Bestätigte Fusions Gerüchte sind da

gerade über den Ticker

Stockguru
Renovo Holdings (OTCBB: RNVO) traded as much as 800% over open on
Wednesday.




Renovo Holdings is a development stage company focused on loss
management and restoration services for commercial, industrial,
institutional and residential properties affected by disasters. The
company intends for mergers and acquisitions of small to mid-sized
cleaning and restoration services companies in the United States. It
was organized in October 2000 under the laws of the State of Nevada as
First Impressions and changed its name to Fortis Enterprises in July
2003. The name was further changed to Renovo Holdings in June 2004.
Renovo Holdings has principal offices in Winter Park, Florida.

[SlayGrosswildjaeger]

[posting]17.935.090 von Toth am 17.09.05 15:21:22[/posting]Genau, alle Eintragen in die Liste!!!

[SlayGrosswildjaeger]

[posting]17.935.131 von SlayGrosswildjaeger am 17.09.05 15:29:20[/posting]...die Meldung ist am 8.9. über den Ticker gelaufen!!

[rainmann]

hallo
habe auch ein paar stücke,
frage mich allerdings was für ein spiel hier
gespielt wird.

[SlayGrosswildjaeger]

Der CEO (Chef) der Firma will die Shorties verbrennen! Da machen wir doch glatt mit!!!

CEO Carnes has a plan alright.

His plan is to screw the shorts who F`d with his company for 3 years. Just look at the chart and what these F`ing offshore shorts did!

[SlayGrosswildjaeger]

Für weitere Info´s siehe HP: http://www.renovoholdings.com

RNVO wird meiner Meinung nach viel zu wenig Beachtung geschenkt. Wenn der Titel erste Erfolgsmeldungen zu vermelden hat wird der Kurs unaufhaltsam in die Höhe schießen.

Anmerkung: Die Seite ist vorübergehend nicht abrufbar!

[SlayGrosswildjaeger]

Renovo Holdings is a development stage company focused on loss management and restoration services for commercial, industrial, institutional and residential properties affected by disasters. The company intends for mergers and acquisitions of small to mid-sized cleaning and restoration services companies in the United States. It was organized in October 2000 under the laws of the State of Nevada as First Impressions and changed its name to Fortis Enterprises in July 2003. The name was further changed to Renovo Holdings in June 2004. Renovo Holdings has principal offices in Winter Park, Florida.

RENOVO WIRD EIN HURRICANPROFITEUR!!!!!

[Toth]

[posting]17.935.142 von rainmann am 17.09.05 15:31:43[/posting]Dann trag dich mal in die Liste ein

[Stephan0603]

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[SlayGrosswildjaeger]

Jetzt kommt Umsatz rein! Noch nicht allzuviel, aber bald keine Stücke mehr zu 0,003 da!

US-Kürzel: RNVO
WKN: A0B6J8


Bei Renovo Holdings brodelt derweil heftigst die Gerüchteküche! Genauer gesagt es gibt 2 Gerüchte

1. Es kursiert das Fusionsgerücht denn in einem Quartalsbericht, der am 19.8.2005 veröffentlicht wurde, ist dieser Absatz zu lesen:

...As of June 30, 2005, we have been in preliminary discussions with a private company interested in a potential merger with us...

http://biz.yahoo.com/e/050819/rnvo.ob10qsb.html


Und dieses Gerücht wird so langsam hieb und stichfest! Denn in einem Ami-Board ist dies zu lesen:


Called the SGLS # and got thru..got transfered to Evan, with Renovo and chatted a bit. He gave me a direct # to him which is 407-265-2884. Told me to give the # to anyone that had Q`s and he would answer to his best ability without disclosing info that can`t be given to public before a PR or whatever . Call with good Questions! I have to go to work now. Hopefully we`ll see some positive things soon.


desweiteren:

...Yes he is the CEO! Check the address!!!...

http://www.pinksheets.com/quote/company_profile.jsp?symbol=S…

Der selbe CEO bei RNVO und SGLS!

Es wird vermutet das Renovo Holdings und World Golf League Inc. fusionieren!

Laut RB wartet man nur noch auf die Meldung der erfolgreichen Fusion die jeden Tag eintreffen kann!

2. Es kursiert das Gerücht um einen Regierungsauftrag w. Hurricane Katrina.

...Hurricane Katrina costs 9.5 billion Dollar...how much goes to RNVO?...the leader in catastrophe relief (per their website)

Laut der firmeneigenen Webseite ist RNVO Führer in der Katastrophenbewältigung...

http://www.renovoholdings.com

Auch hier könnte jeden Tag eine offizielle Meldung eintreffen. Und was dann mit dem Kurs von RNVO passiert dürfte jeden klar sein. Zocker steigen hier mit einer ersten kleinen Position ein...

[SlayGrosswildjaeger]

Wieviel man an einer Hurricane-Aktie verdienen kann sieht man an WEGI oder CHDT

Doch RNVO ist noch fast unentdeckt!

[SlayGrosswildjaeger]

...aber der Abschuß sind die Gerüchte um einen Staatsauftrag. Wenn das wirklich stimmt sind Kurse von mehreren cents denkbar!!! Also eine echte 1000% Chance!! LOOOL

[Stephan0603]

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[rainmann]

du hast meine frage nicht beantwortet

[SlayGrosswildjaeger]

Schau Dir dieses Posting an:

GUYS HONESTLY I THINK THIS STOCK IS ABOUT TO SKY ROCKET!!YOU NEED NO BRAIN TO SEE THE SOMETHING HUGH IS ABOUT TO HAPPEN WITH THIS COMPANY, TUESDAY WE WILL SEE VOLUME START ABOVE 200 DAYS MOVING AVERAGE.EOM

Wobei das Kursziel sehr konservativ gesteckt ist.
Da geht wahrscheinlich noch mehr, wenn der Kessel platzt.
Und wir stehen kurz davor!!!

Glaube sogar eher an das Erreichen und knacken der 10 Cent-Marke mittelfristig!!

[SlayGrosswildjaeger]

Hier noch ein Posting:

cleaning up the books.... 3 amended filings submitted on Friday... any thoughts??? new accountant??? these events could prove to be the start of something beautiful!!

liefgear on the yahoo thread talks about the golden cross... every day we trade at these levels the 50mda slowly approaches the 200mda.. if and when we get there....there will be no stopping this one... 3 month uptrend proves to have some legs...
we pinged on the 200mda friday and the mm`s wanted to take it higher... hopefully soon we get some volume confirmation at these levels... then the news arrives, IMO

Deutschland hat´s nur noch nicht bemerkt

[Stephan0603]

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[SlayGrosswildjaeger]

nen posting aus dem us board:

15 Sep 2005, 06:02 PM EDT
Msg. 3045 of 3062
(This msg. is a reply to 3040 by ocean231.)
Jump to msg. #
check this one out..... go to the website and you will rececive this message:

The Renovo Holdings website is presently not available. We apologize for the inconvenience.

just maybe we will be heading to much higher levels very shortly. Almost a perfect storm!! the Golden Cross ocurred today, closed @ 10mda, bounced hard for a second confirmation over .002, oversold currently and as was seen today, any volume ticked the ask to much higher levels.

This could be the one!!!

long 12mm+... lots of eggs in this basket!!

great luck to all, golf

[SlayGrosswildjaeger]

Die Fusionsgerüchte gehen zur Zeit in Richtung SGLS und zwar aus dem Grund, da der Ceo/Director bei beiden Gesellschaften die gleiche Person ist.
Ausserdem würden diese beiden Firmen sehr gut zusammen passen.
Viele s spricht dafür.
Hier ein Auszug aus dem RagingBull Board von vorletzter Woche:

Called the SGLS # and got thru..got transfered to Evan, with Renovo and chatted a bit. He gave me a direct # to him which is 407-265-2884. Told me to give the # to anyone that had Q`s and he would answer to his best ability without disclosing info that can`t be given to public before a PR or whatever. Call with good Questions! I have to go to work now. Hopefully we`ll see some positive things soon.

Viele Boardmitglieder sind von dieser Lösung überzeugt.

[SlayGrosswildjaeger]

Und hier die Meinung zu dem Regierungsauftrag:

HALLIBURTON SUBSIDIARY GET A DEAL IN KATRINA`S HURRICANE

Man vermutet, dass Renovo eines der Subunternehmen sein wird.

[Stephan0603]

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[Kawasaki]

junge junge, ihr beiden seit euch heute ja mächtig einig

könnt ihr damit nicht bis montag warten, ich wollte nochmal nachlegen

Kawa

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[Kawasaki]

[posting]17.935.283 von Stephan0603 am 17.09.05 15:51:51[/posting]ich hab ja schon 2mio. würde zu diesen kurs aber am montag noch einmal nachlegen

Kawa

[Stephan0603]

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[ewing01]

Hallo zusammen,

ich mach auch mit, mit meinen 2,8 Mio STK.
Wir machen die Shorties kalt.

[SlayGrosswildjaeger]

Dieser User aus dem US Board hält 2 Mio Aktien von Renovo!!!!!

[Stephan0603]

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[SlayGrosswildjaeger]

die halten long ihre shares:

By: calieseth
16 Sep 2005, 10:07 AM EDT
Msg. 3053 of 3062
Jump to msg. #
this is an accumalation stage, it ran for a few days and has been dropping for the last 3-4 days on very little selling, there was huge volume days. many folks are holding onto this. I believe we will get a run up, I understand your frustration. I am there as well. I will hold for a bit longer.

[Kawasaki]

kaum zu glauben, das ein ceo von 285mio. aktien 245mio. hält

was der wohl vor hat, oder besser gesagt, was der wohl für ein as im ärmel hat

Kawa

[ewing01]

zu welchen preisen habt ihr gekauft
Ich hatte Glück und habe in USA gekauft zu 0,0008$

[Stephan0603]

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[SlayGrosswildjaeger]

[posting]17.935.274 von Kawasaki am 17.09.05 15:50:52[/posting]

[SlayGrosswildjaeger]

[posting]17.935.288 von Kawasaki am 17.09.05 15:52:50[/posting]cool!!

[SlayGrosswildjaeger]

[posting]17.935.291 von ewing01 am 17.09.05 15:53:30[/posting] 2,8 Mio!!

[Stephan0603]

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[SlayGrosswildjaeger]

[posting]17.935.303 von Kawasaki am 17.09.05 15:55:29[/posting]

[SlayGrosswildjaeger]

[posting]17.935.307 von ewing01 am 17.09.05 15:56:13[/posting]ich hab zu 0,004 gekauft - morgen werde ich nochmal zu 0,003 nachlegen! ansonsten in amiland falls mir der makler keine rausrücken sollte!!

[SlayGrosswildjaeger]

[posting]17.935.307 von ewing01 am 17.09.05 15:56:13[/posting]glückwunsch geiler einstieg!!

[Stephan0603]

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[rainmann]

100.000 zu 0,004

[SlayGrosswildjaeger]

[posting]17.935.344 von Stephan0603 am 17.09.05 16:00:05[/posting]trag mal die stücke von ewing ein und von dem aus dem us board!!

[Stephan0603]

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[SlayGrosswildjaeger]

Stephan 3.032.598
weing 2.800.000
1 typ aus us board 2.000.000
Slay 1.000.000
Money4Life 800.000
gauner 650.000
Toth 500.000
hunnifunny 400.000
janfer 400.000
walfänger 125.000
rainmann 100.000


Gesamt 11.807.598


Noch ein paar bis zu 40 mil.

UND die Shortis haben ausgeshortet!!!!

[SlayGrosswildjaeger]

Stephan 3.032.598
weing 2.800.000
1 typ aus us board 2.000.000
kawasaki 2.000.000
Slay 1.000.000
Money4Life 800.000
gauner 650.000
Toth 500.000
hunnifunny 400.000
janfer 400.000
walfänger 125.000
rainmann 100.000


Gesamt 13.807.598


Noch ein paar bis zu 40 mil.

UND die Shortis haben ausgeshortet!!!!

[ewing01]

Calibra hatte RNVO vorgeschlagen und ich dachte die paar kröten kannst mal Investieren. 2500$ ist nicht so Tragisch.
Bin aber gut im Plus bis jetzt. Wollte schon in USA bei 0,0065 verkaufen. Hätte guten gewinn gehabt

[SlayGrosswildjaeger]

uiuiui dieser User hat wohl auch ne Menge shares von Renovo!!! und er ist long!!

By: zrqlpn
15 Sep 2005, 04:33 PM EDT
Msg. 3042 of 3062
(This msg. is a reply to 3037 by deathzone29035.)
Jump to msg. #
I own alot of shares.
.01 will not happen for 8 months.
No hype needed.

[Stephan0603]

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By: calieseth
15 Sep 2005, 02:16 PM EDT
Msg. 3034 of 3062
Jump to msg. #
2222 buy on the ask side, some think that is a move it on up signal. who knows

By: barrynj_5
15 Sep 2005, 02:16 PM EDT
Msg. 3035 of 3062
Jump to msg. #
OK, which one of you guys put in that 2222 bid? LOL

By: calieseth
15 Sep 2005, 02:25 PM EDT
Msg. 3036 of 3062
Jump to msg. #
well who ever did it meaning the 2222 buy halted trading, LOL, lets go baby, move on up

[SlayGrosswildjaeger]

By: jeancharles2003
15 Sep 2005, 02:15 PM EDT
Msg. 3033 of 3062
Jump to msg. #
2222 SIGNAL GUYS PAY ATTENTION NOW !!!

[SlayGrosswildjaeger]

By: ocean231
15 Sep 2005, 02:13 PM EDT
Msg. 3032 of 3062
Jump to msg. #
MMs holding it, want it to run.

[SlayGrosswildjaeger]

By: barrynj_5
15 Sep 2005, 02:09 PM EDT
Msg. 3029 of 3062
(This msg. is a reply to 3026 by calieseth.)
Jump to msg. #
The ask volume is very light, making quick penetration to higher levels possible.

[Stephan0603]

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By: calieseth
15 Sep 2005, 01:47 PM EDT
Msg. 3023 of 3062
Jump to msg. #
if we can bite thru .0035 this dog will run

[SlayGrosswildjaeger]

Die Amis aus dem US Board wollen auch den FREEFLOAT aufkaufen!! Nu aber schnell!! LOOOOOOOOL

By: moneymadeovernight0
15 Sep 2005, 01:37 PM EDT
Msg. 3021 of 3062
Jump to msg. #
we have bashers! I smell a run! mm`s are sending in the rats since we own the float.

[Stephan0603]

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[SlayGrosswildjaeger]

die kämpfen auch dort mit den bashern und beleidigen sie mit idiot!! LOOOOOOL

By: Spiderman_LOL
15 Sep 2005, 01:34 PM EDT
Msg. 3020 of 3062
(This msg. is a reply to 3017 by deathzone29035.)
Jump to msg. #
Idiots are everywhere and they come out of the woodwork.

It shoulda ran to .01 but it`s naked shorted back down to where it is.

Run will be soon and it will be huge.

Meantime deathzone, shut your pie hole. You have nothing intelligent to contribute. Just an idiot.

Spider

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By: nyankees2005
15 Sep 2005, 12:05 PM EDT
Msg. 3014 of 3062
Jump to msg. #
FYI > They must be doing another audit and Carnes purchased share for a merger. That`s my take on all of this.

change of auditor:
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fred…

purchase:
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fred…

[SlayGrosswildjaeger]

Die sind sich einig dass das der beste Einstiegszeitpunkt ist gerade!! Zwecks gigantischem Insiderkauf des CEO!!!

By: nyankees2005
15 Sep 2005, 11:52 AM EDT
Msg. 3012 of 3062
(This msg. is a reply to 3011 by chochera10.)
Jump to msg. #
I spoke to several big traders about the Carnes purchase of RNVO shares and they all agree that this is the best time to buy RNVO shares

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[SlayGrosswildjaeger]

SGLS purchase (RNVO WILL GET THERE TOO)>!!!!!!!

http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fred…

SGLS -- Signature Leisure, Inc.
Com ($0.0001)(New)

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden
hours per response... 0.5

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940




1. Name and Address of Reporting Person *

CARNES STEPHEN 2. Issuer Name and Ticker or Trading Symbol

SIGNATURE LEISURE INC [ sgls ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director __ X __ 10% Owner
__ X __ Officer (give title below) _____ Other (specify below)
President/Secretary/Treasurer
(Last) (First) (Middle)

4185 W. LAKE MARY BLVD, #137 3. Date of Earliest Transaction (MM/DD/YYYY)

4/28/2005
(Street)

LAKE MARY, FL 32746
(City) (State) (Zip) 4. If Amendment, Date Original Filed (MM/DD/YYYY)

4/28/2005 6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Transaction Date (MM/DD/YYYY) 2A. Deemed Execution Date, if any (MM/DD/YYYY) 3. Transaction Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
common 4/28/2005 4/28/2005 P 40000000 A $300000 48041999 D

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YYYY) 3A. Deemed Execution Date, if any (MM/DD/YYYY) 4. Transaction Code
(Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
CARNES STEPHEN
4185 W. LAKE MARY BLVD, #137
LAKE MARY, FL 32746 X X President/Secretary/Treasurer

Signatures

Stephen W Carnes 4/28/2005
** Signature of Reporting Person Date



Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

[SlayGrosswildjaeger]

Carnes Kauf:

SGLS -- Signature Leisure, Inc.
Com ($0.0001)(New)

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2008
Estimated average burden
hours per response... 0.5

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940




1. Name and Address of Reporting Person *

CARNES STEPHEN 2. Issuer Name and Ticker or Trading Symbol

SIGNATURE LEISURE INC [ SGLS ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director __ X __ 10% Owner
__ X __ Officer (give title below) _____ Other (specify below)
President/Secretary/Treasurer
(Last) (First) (Middle)

4185 W. LAKE MARY BLVD, #137 3. Date of Earliest Transaction (MM/DD/YYYY)

2/4/2005
(Street)

LAKE MARY, FL 32746
(City) (State) (Zip) 4. If Amendment, Date Original Filed (MM/DD/YYYY)

2/23/2005 6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Transaction Date (MM/DD/YYYY) 2A. Deemed Execution Date, if any (MM/DD/YYYY) 3. Transaction Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
common 2/4/2005 2/4/2005 J 8041999 (1) A $0 8041999 D

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YYYY) 3A. Deemed Execution Date, if any (MM/DD/YYYY) 4. Transaction Code
(Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
( 1) shares were neither acquired, nor disposed of, this Form 4/A filing is to account for the 40:1 reverse split of the company`s common stock on 02/04/2005

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
CARNES STEPHEN
4185 W. LAKE MARY BLVD, #137
LAKE MARY, FL 32746 X X President/Secretary/Treasurer

Signatures

Stephen W. Carnes 2/23/2004
** Signature of Reporting Person Date



Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

[SlayGrosswildjaeger]

Warum wohl wird die Website upgedated??? Na? Klingelts?

By: nyankees2005
15 Sep 2005, 11:34 AM EDT
Msg. 3008 of 3062
Jump to msg. #
strap up boyzzzzzzzzz, we run today. there is a rumor of news being updated to the rnvo website. Pr coming, I believe it`s a merger as per IHUB

[rainmann]

halte eh nix vom ami
wenn dummheit quietschen würde, müssten die immer eine
ölkanne bei sich haben.

[SlayGrosswildjaeger]

[posting]17.935.547 von rainmann am 17.09.05 16:27:35[/posting]

[Stephan0603]

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[SlayGrosswildjaeger]

Platz Nummer 6!!!!

[Stephan0603]

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[SlayGrosswildjaeger]

..ich geh jetzt was essen - bis nachher!

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[Toth]

Da gibts ja bald echt nichts mehr.
Evtl. bekomme ich ja doch noch nenn bischen Kapital frei.

Los alle eintragen!!!!!
Bald haben wir die Ammis,
dann gehts auch mal in Berlin ab.

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[ewing01]

Was haben eigentlich die 500 Mio Aktien hier zu suchen , wenn es nur 280 Mio gibt.

Share Data

--------------------------------------------------------------------------------

Authorized Outstanding
Date Shares Source
12/31/2004 500,000,000 10KSB
Date Shares Source
06/30/2005 285,479,216 MGFS
oder versteh ich hier was nicht

[Toth]

Bei Renovo Holdings brodelt derweil heftigst die Gerüchteküche! Genauer gesagt es gibt 2 Gerüchte

1. Es kursiert das Fusionsgerücht denn in einem Quartalsbericht, der am 19.8.2005 veröffentlicht wurde, ist dieser Absatz zu lesen:

...As of June 30, 2005, we have been in preliminary discussions with a private company interested in a potential merger with us...

http://biz.yahoo.com/e/050819/rnvo.ob10qsb.html


Und dieses Gerücht wird so langsam hieb und stichfest! Denn in einem Ami-Board ist dies zu lesen:


Called the SGLS # and got thru..got transfered to Evan, with Renovo and chatted a bit. He gave me a direct # to him which is 407-265-2884. Told me to give the # to anyone that had Q`s and he would answer to his best ability without disclosing info that can`t be given to public before a PR or whatever . Call with good Questions! I have to go to work now. Hopefully we`ll see some positive things soon.


desweiteren:

...Yes he is the CEO! Check the address!!!...
http://www.pinksheets.com/quote/company_profile.jsp?symbol=S…

Derselbe CEO bei RNVO und SGLS!

Es wird vermutet das Renovo Holdings und World Golf League Inc. fusionieren!

Laut RB wartet man nur noch auf die Meldung der erfolgreichen Fusion die jeden Tag eintreffen kann!

2. Es kursiert das Gerücht um einen Regierungsauftrag w. Hurricane Katrina.

...Hurricane Katrina costs 9.5 billion Dollar...how much goes to RNVO?...the leader in catastrophe relief (per their website)

Laut der firmeneigenen Webseite ist RNVO Führer in der Katastrophenbewältigung...

http://www.renovoholdings.com

[Toth]

Kauf Orders
Stücke Limit
3.317.731 0,002
1.125.000 0,001
- -
- -
- -
Weitere: 0


Verkauf Orders
Limit Stücke
0,004 780.000
0,005 800.000
0,006 1.390.000
0,007 549.250
0,008 150.000

[Toth]

Wenn ein bisschen Handel nach Berlin kommt, rasen wir hier durch.

[Toth]

Ach ja, für alle die hier nachlegen wollen. Für 0,003 gibt’s in Berlin kein Stück.
Da müsst ihr schon was drauf legen.

[Toth]

[posting]17.935.717 von ewing01 am 17.09.05 16:52:29[/posting]StammdatenWertpapiertyp
--

Marktsegment
Undefined

Branche
--

Geschäftsjahr
--

Marktkapital.
970.628,60 USD

Streubesitz
--

Nennwert
--

Stücke
285 Mio.

Symbol
RNVO.NAP

ISIN
US75988R1086

WKN
A0B6J8

[ewing01]

[posting]17.935.767 von Toth am 17.09.05 17:03:47[/posting]Schau dir mal die Seite an.
Was sollen die 500.000.000 Aktien.
http://www.otcbb.com/profiles/RNVO.htm

[Toth]

[posting]17.935.791 von ewing01 am 17.09.05 17:10:07[/posting]Authorized
Date Shares Source
12/31/2004 500,000,000 10KSB



Outstanding
Date Shares Source
06/30/2005 285,479,216 MGFS

[Toth]

285.000.000
- 245.000.000
- 13.808.000
____________
26.192.000


Bald gibt’s nichts mehr

[Toth]

[posting]17.935.791 von ewing01 am 17.09.05 17:10:07[/posting]Jetzt klar?????

[Kawasaki]

[posting]17.935.824 von Toth am 17.09.05 17:17:34[/posting]da gab es ein R/S, der kurs ist, wie bei jeden R/S, auch wieder runter

Kawa

[ewing01]

26.192.000 das bedeutet gerade mal 88.000 $ im Moment.
Das ist so gut wie garnichts

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[Toth]

Ihr müsst aber schon 0,004 hinlegen.
Vorher gibts nichts!

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[Toth]

Kauf Orders
Stücke Limit
3.317.731 0,002
1.125.000 0,001
- -
- -
- -
Weitere: 0


Verkauf Orders
Limit Stücke
0,004 780.000
0,005 800.000
0,006 1.390.000
0,007 549.250
0,008 150.000

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[Toth]

Wenn es nach ger geht wird am mo. durchgerast

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[Toth]

[posting]17.936.555 von Stephan0603 am 17.09.05 18:39:29[/posting]Guck dir mal das an.

...As of June 30, 2005, we have been in preliminary discussions with a private company interested in a potential merger with us...


http://biz.yahoo.com/e/050819/rnvo.ob10qsb.html

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[Toth]

jupp, das sag ja wohl alles

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[posting]17.936.584 von Stephan0603 am 17.09.05 18:42:13[/posting]Montag noch zulangen bevor die amis dran sind
Der erste bekommt sogar noch welche zu 0,004
unfassbar

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[Toth]

Ich will,
mal sehen wer sie schnappen kann

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[Toth]

[posting]17.936.636 von Stephan0603 am 17.09.05 18:48:54[/posting]Na Notfalls muss ich halt 0,005 Zahlen

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[Toth]

Aber das sehen wir dann, wer dann diese unfair hohe Aufpreis zahlen muss

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[Toth]

Und noch mal für alle,
bald gibs nichts mehr unter 0,01
Guckt euch das an.


Verkauf Orders
Limit Stücke
0,004 780.000
0,005 800.000
0,006 1.390.000
0,007 549.250
0,008 150.000

[Toth]

Wehe wenn der Makler wieder kacken ist.

[Toth]

Stephan 3.032.598
weing 2.800.000
1 typ aus us board 2.000.000
kawasaki 2.000.000
Slay 1.000.000
Money4Life 800.000
gauner 650.000
Toth 500.000
hunnifunny 400.000
janfer 400.000
walfänger 125.000
rainmann 100.000


Gesamt 13.807.598

[Toth]

285.000.000
- 245.000.000
- 13.808.000
____________
26.192.000

[SlayGrosswildjaeger]

...wir sollten uns ins US Board Raging Bull einloggen und dort mal mit unserer ig-liste auftauchen und deren shares einsammeln, die die jungs da drüben so halten! 2 mio hab ich ja schon aufgespürt! hehe! aber das ist ja nicht der einzige der renovo hält!!!
dann den jungs sagen, dass die auch alle vk orders zum vielfachen sezten sollen für ihre shares, damit sie nicht weiter geshortet werden! dann gehts nämlich weiter explosionsartig nach oben, da die jungs da drüben ja auch den freefloat wegsaugen wollen!!!! und wir ja auch!!! hehehehehe! wuahahah!
geil: deutsch-amerikanisches antishorterbündniss!! geil, oder?

[SlayGrosswildjaeger]

[posting]17.935.672 von Stephan0603 am 17.09.05 16:48:09[/posting]"Ja AB MONTAG WERDEN WIR DEM CO EIN BISCHEN HELFEN"

ja mann, dem helfen wir - ich finds nämlich zu geil shorties zu verbrennen, da die affen nämlich glattstellen müssen, sprich: die aktien die sie leerverkauft haben wieder zurückkaufen müssen und zurückgeben an den verleiher -meist die banken aus depots von ahnungslosen kleinanlegern die keine vk orders setzen (meist klappt es dass sie sie billiger zurückkaufen können)!!!

aber hier wirds anders laufen! wir verbrennen hier zusammen mit dem ceo und unseren amerikanischen aktienfreunden die shorties auf so was von üble weise dass es sich gewaschen hat!!!

[SlayGrosswildjaeger]

[posting]17.935.730 von Toth am 17.09.05 16:55:23[/posting]Bei Renovo Holdings brodelt derweil heftigst die Gerüchteküche! Genauer gesagt es gibt 2 Gerüchte

1. Es kursiert das Fusionsgerücht denn in einem Quartalsbericht, der am 19.8.2005 veröffentlicht wurde, ist dieser Absatz zu lesen:

...As of June 30, 2005, we have been in preliminary discussions with a private company interested in a potential merger with us...

http://biz.yahoo.com/e/050819/rnvo.ob10qsb.html


Und dieses Gerücht wird so langsam hieb und stichfest! Denn in einem Ami-Board ist dies zu lesen:


Called the SGLS # and got thru..got transfered to Evan, with Renovo and chatted a bit. He gave me a direct # to him which is 407-265-2884. Told me to give the # to anyone that had Q`s and he would answer to his best ability without disclosing info that can`t be given to public before a PR or whatever . Call with good Questions! I have to go to work now. Hopefully we`ll see some positive things soon.


desweiteren:

...Yes he is the CEO! Check the address!!!...
http://www.pinksheets.com/quote/company_profile.jsp?symbol=S…

Derselbe CEO bei RNVO und SGLS!

Es wird vermutet das Renovo Holdings und World Golf League Inc. fusionieren!

Laut RB wartet man nur noch auf die Meldung der erfolgreichen Fusion die jeden Tag eintreffen kann!

2. Es kursiert das Gerücht um einen Regierungsauftrag w. Hurricane Katrina.

...Hurricane Katrina costs 9.5 billion Dollar...how much goes to RNVO?...the leader in catastrophe relief (per their website)

Laut der firmeneigenen Webseite ist RNVO Führer in der Katastrophenbewältigung...

http://www.renovoholdings.com

[SlayGrosswildjaeger]

[posting]17.935.741 von Toth am 17.09.05 16:58:35[/posting]der, der kann: besser in amerika kaufen, hier wird es schnell keine mehr für 0,003 und 0,004 mehr geben wahrscheinlich!

Kauf Orders
Stücke Limit
3.317.731 0,002
1.125.000 0,001
- -
- -
- -
Weitere: 0


Verkauf Orders
Limit Stücke
0,004 780.000
0,005 800.000
0,006 1.390.000
0,007 549.250
0,008 150.000

[SlayGrosswildjaeger]

..also ich werde meinen nachkauf in amerika tätigen, ausser wenn ich hier noch welche zu 0,003 bekommen sollte!!

[Toth]

Das gefällt mir am besten

...As of June 30, 2005, we have been in preliminary discussions with a private company interested in a potential merger with us...

[Toth]

Hier wirst du nicht mal mehr welche zu 0,004 bekommen
die hole ich mir nämlich

[Toth]

mach sich mal wer ein acount bei rb board und zeigt den unsere liste

[SlayGrosswildjaeger]

[posting]17.935.757 von Toth am 17.09.05 17:01:53[/posting]"Ach ja, für alle die hier nachlegen wollen. Für 0,003 gibt’s in Berlin kein Stück.
Da müsst ihr schon was drauf legen."

Deswegen auf Ami-Eröffnung warten am besten und dort einkaufen, wenn Möglichkeit besteht! Und die besteht, da man auf jeden Fall und sei es zu erhöhten Gebühren eine Auslandsorder durchführen kann! Bei Citibank gehts ja auch wenn man die Hotline anruft und sagt man ist sich über die höheren Gebühren im Klaren!!!!

[Toth]

denkst du die schauen nicht nach berlin.

[SlayGrosswildjaeger]

[posting]17.935.791 von ewing01 am 17.09.05 17:10:07[/posting]
Symbol: Markets Detailed Quote Depth/Level II Charts News Filings Streamer Symbol Lookup powered by
quotemedia.com


Renovo Holdings Delayed (1:53 PM EDT)

RNVO 0.0034 0.0001

Today 5 Dy 1 Mo 3 Mo 1 Yr more
Last Price
0.0034
Change $
0.0001
Change %
2.86%
Tick


Bid
0.0032
Bid Size
5000
Ask
0.0034
Ask Size
5000

Open
0.0034
High
0.0038
Low
0.0031
Prev Close
0.0035

Last Trade
9/16/05
Volume
5.26 m
52 Wk Hi
0.05
52 Wk Lo
0.0002

Market Cap
970.63 k
Ex-Div Date
N/A
Div. Rate
N/A
Yield
N/A

Shares
285.48 m
EPS (TTM)
N/A
PE Ratio
N/A
Exchange
OBB

[SlayGrosswildjaeger]

[posting]17.935.824 von Toth am 17.09.05 17:17:34[/posting] du bist klasse! das wollte ich auch gerade so beantworten, da ich den thread gerade etwas aufarbeite!

[SlayGrosswildjaeger]

[posting]17.936.262 von ewing01 am 17.09.05 18:07:58[/posting]26.192.000 das bedeutet gerade mal 88.000 $ im Moment.
Das ist so gut wie garnichts

und soviele sind es nicht mal! die jungs in amerika halten auch aktien und kaufen gerade wie blöd den markt auf!!!
so wie wir auch!! bald gibts nämlich wirklich keine mehr!!! *weglach* so zum tot

[SlayGrosswildjaeger]

[posting]17.936.427 von Stephan0603 am 17.09.05 18:26:01[/posting]wir verbrennen ab montag die shorties, das wird ein fest ich freu mich jedenfalls sehr darauf!!

[SlayGrosswildjaeger]

[posting]17.936.432 von Stephan0603 am 17.09.05 18:27:09[/posting]

BASHER? WO? AJA!!! WOLLEN SCHON WIEDER NE KAPITALERHÖHUNG DURCHFÜHREN DIE VERDAMMTEN BASHER!! WIE IMMER!!
und immer so: blahblah: es gibt doch 100 mal mehr aktien siehe daundda!! nein gibt es nicht!!! sind nur 285 Millionen Shares outstanding, davon hat cheffe 245 millionen und wir schon mal sicher 13 millionen!! und da sind die amis und die anderen im hintergrund nicht mitgezählt die schon fleissig am freefloat leerkaufen dran sind!!! wir werden jetzt erstmal schön aktienzählung machen und schon mal einkaufen gehen, nämlich den rest des freefloats wegkaufen! mit euch oder ohne euch, uns egal!! lieber mit euch da es dann noch schneller geht!! aber kauft in usa! oder hier limitiert zu maximal 0,004!! vor der amieröffnung auf keinen fall mehr bezahlen, da ihr sie sonst nur von anlegern die die dinger schon halten an euch zu überteuerten preisen abdrücken!!!

[SlayGrosswildjaeger]

[posting]17.936.432 von Stephan0603 am 17.09.05 18:27:09[/posting]Basher?

[SlayGrosswildjaeger]

Ich liebe Basher!:

[SlayGrosswildjaeger]

aber was kümmern uns eigentlich basher: wir haben doch wichtigeres zu tun! und zwar die shorties verbrennen:

[Toth]

[posting]17.937.038 von SlayGrosswildjaeger am 17.09.05 20:10:50[/posting]thx
ich glaube der will nicht bashen
sonder kann kein englisch

[Toth]

noch mal,
alle bitte in die liste eintragen.
bald gibts nichts mehr

[Toth]

@ slay
magst du das den amis nicht mal verklickern

[Toth]

Stephan 3.032.598
weing 2.800.000
1 typ aus us board 2.000.000
kawasaki 2.000.000
Slay 1.000.000
Money4Life 800.000
gauner 650.000
Toth 500.000
hunnifunny 400.000
janfer 400.000
walfänger 125.000
rainmann 100.000


Gesamt 13.807.598

[SlayGrosswildjaeger]

Bestand der Shortieverbrenngemeinschaft!!!:







CEO 245.000.000
Stephan 3.032.598 (VK ULTIMO 10 EURO!)
weing 2.800.000
1 typ aus us board 2.000.000
kawasaki 2.000.000
Slay 1.000.000 (VK ULTIMO 10 EURO!)
Money4Life 800.000
gauner 650.000
Toth 500.000
hunnifunny 400.000
janfer 400.000
walfänger 125.000
rainmann 100.000

was habt ihr für vk-orders ultimo gesetzt?

Kleine Anmerkung: Alle die mindestens eine Million Stücke halten, werden zur Belohnung fett gedruckt!!!
Die sind nämlich noch gleichzeitig im Renovo-Millionärs-Club und müssen besonders hervorgehoben werden!!!
Das soll nichts weiter heissen, ist halt die Eintrittshürde für unseren Renovo-Millionärs-Club:
nämlich 1 Million Stücke im Depot zu haben und ne VK Order zum Vielfachen des Kurses ultimo dafür gesetzt zu haben! Zwecks Hedger und Shortieschutz!!! Dann sind sie nämlich vom Markt weg und nicht Verleihbar, da nicht verfügbar!!!







Gesamt 258.807.598







Noch ein paar bis zu 285 mil.







UND die Shortis haben ausgeshortet!!!!







wer hat noch renovo aktien und ist noch nicht aufgeführt?? bitte melden und bitte in den ami boards nachfragen und mit unserer liste sammeln gehen!

[SlayGrosswildjaeger]

Hier der INSIDERKAUF VOM CEO!! 200.000.000 MIO zu seinen 45.000.000 zugekauft - er hält 245.000.000 aktien von 286.000.000

RENOVO HOLDINGS: 4/A, Sub-Doc 1 BACK PRINT THIS PAGE CLOSE WINDOW
FORM 4/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2008
Estimated average burden
hours per response 0.5



Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*CARNES STEPHEN

--------------------------------------------------------------------------------
(Last) (First) (Middle)
4185 W. LAKE MARY BLVD, #137


--------------------------------------------------------------------------------
(Street)LAKE MARY FL 32746

--------------------------------------------------------------------------------
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
RENOVO HOLDINGS [RNVO] 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)X Director X 10% Owner
X Officer (give title below) Other (specify below)
President/Secretary/Treasurer

3. Date of Earliest Transaction (Month/Day/Year)
08/22/2005
4. If Amendment, Date of Original Filed (Month/Day/Year)
09/06/2005 6. Individual or Joint/Group Filing (Check Applicable Line)X Form filed by One Reporting Person
Form filed by More than One Reporting Person



Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common 08/22/2005 08/22/2005 P 200,000,000 A $ 120,000 245,000,000 D


Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date
(Month/Day/Year) 7. Title and Amount of Underlying Securities
(Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4) 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
Stephen W. Carnes 09/06/2005
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.


Copyright © 2005 QuoteMedia. All rights reserved. Terms of Use.
Financial data powered by QuoteMedia, www.quotemedia.com, SEC filings

[SlayGrosswildjaeger]

Bei Renovo Holdings brodelt derweil heftigst die Gerüchteküche! Genauer gesagt es gibt 2 Gerüchte

1. Es kursiert das Fusionsgerücht denn in einem Quartalsbericht, der am 19.8.2005 veröffentlicht wurde, ist dieser Absatz zu lesen:

...As of June 30, 2005, we have been in preliminary discussions with a private company interested in a potential merger with us...

http://biz.yahoo.com/e/050819/rnvo.ob10qsb.html


Und dieses Gerücht wird so langsam hieb und stichfest! Denn in einem Ami-Board ist dies zu lesen:


Called the SGLS # and got thru..got transfered to Evan, with Renovo and chatted a bit. He gave me a direct # to him which is 407-265-2884. Told me to give the # to anyone that had Q`s and he would answer to his best ability without disclosing info that can`t be given to public before a PR or whatever . Call with good Questions! I have to go to work now. Hopefully we`ll see some positive things soon.


desweiteren:

...Yes he is the CEO! Check the address!!!...
http://www.pinksheets.com/quote/company_profile.jsp?symbol=S…

Derselbe CEO bei RNVO und SGLS!

Es wird vermutet das Renovo Holdings und World Golf League Inc. fusionieren!

Laut RB wartet man nur noch auf die Meldung der erfolgreichen Fusion die jeden Tag eintreffen kann!

2. Es kursiert das Gerücht um einen Regierungsauftrag w. Hurricane Katrina.

...Hurricane Katrina costs 9.5 billion Dollar...how much goes to RNVO?...the leader in catastrophe relief (per their website)

Laut der firmeneigenen Webseite ist RNVO Führer in der Katastrophenbewältigung...

http://www.renovoholdings.com

[SlayGrosswildjaeger]

[posting]17.936.625 von Toth am 17.09.05 18:47:57[/posting]falls es zu 0,004 keine mehr gibt: nicht anfangen zu 0,005 kaufen erst amieröffnung abwarten!!!! und am besten gleich dort kaufen, weil es hier so gut wie keine zum verkauf mehr gibt! stephan hatte ja auch schon nur ne teilausführung bekommen und die restliche gabs einfach nicht! zu hart oder? aber irgendwie verständlich! LOOOOL
Es gibt halt keine mehr zu 0,003!!! Fertig aus! Vielleicht haben wir ja Glück und am Montag gibts nochmal welche zu 0,003!?? die zu 0,004 werden aber auch sehr schnell weg sein, da stephan nachkaufen wird! LOOOOL
ich kaufe in Amiland nach und sorge dort für zusätzlichen kaufdruck!! hoffentlich krieg ich welche! werde aber das limit grosszügig auf 0,004 dollar setzen und denke dann sofort ausgeführt zu werden!!

[SlayGrosswildjaeger]

[posting]17.936.652 von Toth am 17.09.05 18:50:38[/posting]kannst du nicht in amiland ordern? gut, dann muss man vielleicht später sogar schon 0,005 zahlen! aber was solls! ist ja eigentlich hartgeldstrichgelaber wegen 0,001 hin oder her, am ende interessiert das nicht mehr arg!!!

[SlayGrosswildjaeger]

[posting]17.936.664 von Stephan0603 am 17.09.05 18:51:53[/posting] 0,007! is james bond in the house, oder was?

[SlayGrosswildjaeger]

[posting]17.936.675 von Toth am 17.09.05 18:52:26[/posting]dann geht doch nach us zum kaufen, mann mann!!! da muss man keine 0,008 dollar zahlen am anfang jedenfalls nicht!!

@all

seid nicht blöd und kauft lieber in usa falls hier keine mehr zu 0,003 + 0,004 zu haben sein sollten!!!!

obwohl?? wer hat der hat, gelle!!??

[SlayGrosswildjaeger]

[posting]17.936.689 von Toth am 17.09.05 18:54:45[/posting]durch die 1 cent marke sollten wir meiner meinung nach durchfliegen! ohne anzuhalten!! danach gibts kein halten!!!!

[SlayGrosswildjaeger]

[posting]17.936.979 von Toth am 17.09.05 19:58:48[/posting]

[SlayGrosswildjaeger]

[posting]17.936.989 von Toth am 17.09.05 20:00:44[/posting]oder stephan oder ich!!!

[SlayGrosswildjaeger]

[posting]17.936.992 von Toth am 17.09.05 20:01:42[/posting]"mach sich mal wer ein acount bei rb board und zeigt den unsere liste "

los lass uns schon mal nen account einrichten: jetzt gleich!! was hälst davon??

[SlayGrosswildjaeger]

[posting]17.937.019 von Toth am 17.09.05 20:07:01[/posting]Und wie die nach Deutschland schauen!! LOOOOOOOL!! Aber der Makler dort eröffnet wegen uns nicht mit einem so grossen GAP davon kannst Du schon mal ausgehen!! LOOL Eine halbe Stunde lang gibts wahrscheinlich noch günstigste Kurse über dem See!! So circa 0,0035 - 0,0045 dollar, wenn das weggesaugt wurde, gibts kein halten mehr!!!

[SlayGrosswildjaeger]

[posting]17.937.019 von Toth am 17.09.05 20:07:01[/posting]die haben nämlich schon ein bissle angst dass wir den ganzen freefloat leersaugen!!!! aber die wissen nicht dass wir schon voll dabei sind!!! LOOOOOOL

[Toth]

nichts ist, das sind meine

[Toth]

[posting]17.937.215 von SlayGrosswildjaeger am 17.09.05 20:51:04[/posting]jo, las machen

[SlayGrosswildjaeger]

[posting]17.937.097 von Toth am 17.09.05 20:26:12[/posting] stimmt hab ich auch gemerkt hatte wohl nur sorgen dass es schon mehr gibt als die 285 mio!!! gibt es aber noch nicht!!! es gibt zur zeit nur 285 mio!! wovon der ceo und wir fast schon alle weggesaugt haben vom markt und die shorties die schon 3 jahre die firma shorten verbrennen werden!!! aber auf übelste art und weise!!! die müssen nämlich dummerweise noch glattstellen!! heheheheh!!! das heisst soviel, dass sie die aktien die sie sich geliehen haben und verkauft haben um den kurs zu drücken wieder zurückkaufen müssen um sie zurückzugeben!! hehehehe! wie soll das gehen? nur indem der kurs durch diese MUSS-KÄUFE hochgetrieben wird weil sie immer mehr bieten müssen um die dinger zurückkaufen zu können!! hehehe! und jetzt stellt euch mal vor keiner rückt mehr die dinger raus, dann sind die sowas vom am ars** die schwei**!! ich lach mich tot!! alle vk orders zum vielfachen ultimo setzen!! dann könne eure shares nicht verliehen werden, da werdet ihr nämlich nicht gefragt!!!

[SlayGrosswildjaeger]

[posting]17.937.108 von Toth am 17.09.05 20:29:08[/posting]ich werd nen account aufmachen aber erst morgen nachdem ich mir noch "nen schäufelchen renovo" gegönnt habe!!!

[SlayGrosswildjaeger]

[posting]17.937.226 von Toth am 17.09.05 20:54:22[/posting]nein meine!!

[Toth]

[posting]17.937.249 von SlayGrosswildjaeger am 17.09.05 20:59:42[/posting]

[SlayGrosswildjaeger]

[posting]17.937.226 von Toth am 17.09.05 20:54:22[/posting]obwohl du hast ja noch keine million und willst bestimmt in den renovo-millionärs-club, gelle??

[SlayGrosswildjaeger]

[posting]17.937.256 von SlayGrosswildjaeger am 17.09.05 21:00:33[/posting]...soviel zeit muss sein!!

[Toth]

Na das wird ja lustig am mo.

[SlayGrosswildjaeger]

[posting]17.937.226 von Toth am 17.09.05 20:54:22[/posting]

[SlayGrosswildjaeger]

[posting]17.937.268 von Toth am 17.09.05 21:03:21[/posting]Ich freu mich jetzt schon wie nen kleiner Schneekönig!!

[Toth]

3
2
1
MEINS

[SlayGrosswildjaeger]

[SlayGrosswildjaeger]

[posting]17.937.276 von Toth am 17.09.05 21:05:09[/posting]Köstlich! Geiler Thread hier! Und noch sooooo einsam! Das wird sich aber bald ändern, glaub mir! Wenn ich meine gekauft habe versende ich an meine Jungs BM`s und sag Ihnen Bescheid! Ausserdem sollten wir in den Hauptthread jeweils einen kleinen Hinweis geben, wie z.B. "Schaut mal zu Renovo Holdings rüber, da ist was im Busch" oder so!!! Bei Energulf, Primacom und Konsorten mal nen kleinen Spam reinhauen! Die wollen doch bestimmt über sowas informiert sein, die Jungs denke ich mal, oder was meinst Du, Toth??!! LLOOOOOOOOLLLL

[SlayGrosswildjaeger]

und immer schön !!

[Toth]

[posting]17.937.299 von SlayGrosswildjaeger am 17.09.05 21:09:03[/posting]Na klar da freuen sich immer alle so

[SlayGrosswildjaeger]

Jetzt wird zum Angriff geblasen! Tot allen Shorties! Natürlich soll das kein Aufruf zum ermorden von Hedgefondsangestellten sein , sondern war nur bildlich gesprochen!!!

ATAAAAAAAAAAAAAAAACKEEEEEEEEE!!!

[SlayGrosswildjaeger]

Herr, segne die Shorties die uns diese Traumkurse bescheret haben!! LOOOOOOL

[SlayGrosswildjaeger]

Ähhm sorry...ich will auch noch welche haben!!

[SlayGrosswildjaeger]

"NEIIIIIIIN, 3, 2, 1, meins!! Die gehören miiiiiiiiiiiiirrr!!!!

[SlayGrosswildjaeger]

AN DIE SHORTIES: Zieht Euch schonmal warm an!! Wir machen ernst!!

[SlayGrosswildjaeger]

noch grinsen die shorties vielleicht..wobei ich denke dass die typen schon gar nicht mehr schlafen können und schon supernervös sind! machen sich bestimmt sorgen wie sie wieder glattstellen sollen, können, werden müssen!! LOOOOL

[SlayGrosswildjaeger]

TopStocks der letzten 24 Stunden
1. (1.) PRIMACOM AG +51,72 % 327
2. NEU! RENOVO HOLDINGS -2,86 % 262
3. (2.) ENERGULF RESOUR... +5,58 % 192
4. (6.) CBB HOLDING AG -2,87 % 148
5. (11.) BIOPHAN TECHNOL... 0,00 % 119

[Toth]

Stephan 3.032.598
weing 2.800.000
1 typ aus us board 2.000.000
kawasaki 2.000.000
Slay 1.000.000
Money4Life 800.000
gauner 650.000
Toth 500.000
hunnifunny 400.000
janfer 400.000
walfänger 125.000
rainmann 100.000


Gesamt 13.807.598

[Toth]

Bei Renovo Holdings brodelt derweil heftigst die Gerüchteküche! Genauer gesagt es gibt 2 Gerüchte

1. Es kursiert das Fusionsgerücht denn in einem Quartalsbericht, der am 19.8.2005 veröffentlicht wurde, ist dieser Absatz zu lesen:

...As of June 30, 2005, we have been in preliminary discussions with a private company interested in a potential merger with us...

http://biz.yahoo.com/e/050819/rnvo.ob10qsb.html


Und dieses Gerücht wird so langsam hieb und stichfest! Denn in einem Ami-Board ist dies zu lesen:


Called the SGLS # and got thru..got transfered to Evan, with Renovo and chatted a bit. He gave me a direct # to him which is 407-265-2884. Told me to give the # to anyone that had Q`s and he would answer to his best ability without disclosing info that can`t be given to public before a PR or whatever . Call with good Questions! I have to go to work now. Hopefully we`ll see some positive things soon.


desweiteren:

...Yes he is the CEO! Check the address!!!...
http://www.pinksheets.com/quote/company_profile.jsp?symbol=S…
Derselbe CEO bei RNVO und SGLS!

Es wird vermutet das Renovo Holdings und World Golf League Inc. fusionieren!

Laut RB wartet man nur noch auf die Meldung der erfolgreichen Fusion die jeden Tag eintreffen kann!

2. Es kursiert das Gerücht um einen Regierungsauftrag w. Hurricane Katrina.

...Hurricane Katrina costs 9.5 billion Dollar...how much goes to RNVO?...the leader in catastrophe relief (per their website)

Laut der firmeneigenen Webseite ist RNVO Führer in der Katastrophenbewältigung...

http://www.renovoholdings.com

[SlayGrosswildjaeger]

Bestand der Shortieverbrenngemeinschaft!!!:







CEO 245.000.000
Stephan 3.032.598 (VK ULTIMO 10 EURO!)
weing 2.800.000
1 typ aus us board 2.000.000
kawasaki 2.000.000
Slay 1.000.000 (VK ULTIMO 10 EURO!)
Money4Life 800.000
gauner 650.000
Toth 500.000
hunnifunny 400.000
janfer 400.000
walfänger 125.000
rainmann 100.000

was habt ihr für vk-orders ultimo gesetzt?

Kleine Anmerkung: Alle die mindestens eine Million Stücke halten, werden zur Belohnung fett gedruckt!!!
Die sind nämlich noch gleichzeitig im Renovo-Millionärs-Club und müssen besonders hervorgehoben werden!!!
Das soll nichts weiter heissen, ist halt die Eintrittshürde für unseren Renovo-Millionärs-Club:
nämlich 1 Million Stücke im Depot zu haben und ne VK Order zum Vielfachen des Kurses ultimo dafür gesetzt zu haben! Zwecks Hedger und Shortieschutz!!! Dann sind sie nämlich vom Markt weg und nicht Verleihbar, da nicht verfügbar!!!







Gesamt 258.807.598







Noch ein paar bis zu 285 mil.







UND die Shortis haben ausgeshortet!!!!







wer hat noch renovo aktien und ist noch nicht aufgeführt?? bitte melden und bitte in den ami boards nachfragen und mit unserer liste sammeln gehen!

[Toth]

ein netter auszug aus dem comdirect forum:

Renovo einmalige Einstiegsgelegenheit

Renovo Holdings WKN: A0B6J8

Der Vorstand von Renovo hat vor ca. zwei Wochen 200.000.000 eigene Aktien gekauft.
Der CEO besitzt damit 245.000.000 aller Aktien.
Im freefloat befinden sich lediglich noch 40.000.000 Aktien.

Shares Outstanding: 285,479,000
lt. Quotes.Nasdaq.com

Insider
CARNES, STEPHEN W.

Relation LastDate FormType TransType OwnType
PR...08/22/2005.....Form 4...........PB........... ..D

SharesTraded...LastPrice. ......SharesHeld
200,000,000........-..... ..........245,000,000



Der Kurs konnte nach der Bekanntgabe rund 530% zulegen (0,0071 USD),
Tageshoch waren sogar 720%.
Nach einer größeren Konsolidierungsphase steht der Kurs jetzt bei 0,0034 USD.
Es sollte bald einen massiven erneuten Kursausbruch geben .

Charttechnisch sieht es super aus.
http://stockcharts.com/de f/servlet/SC.web?c=rnvo,u u [h,a]decayiay[dc][pb50!b200!d20,2!h.02,.20!b32!b10!f][vc60][iub7!le12,26,9!lv25!lk14!la8,24,8!lc12!ls12,26,9][j30525747,y

Gerüchten nach zu Folge soll es wahrscheinlich zu einer Fusion mit einer anderen Firma kommen. Aber auf jeden Fall stehen gute News unmittelbar bevor.
Es handelt sich hierbei um einen Insiderkauf in einer Größenordnung die man selten erlebt hat.
Durch den geringen freefloat von nur 40.000.000 Stück, ist der Markt sehr eng und es sollten schnell 1000% und mehr erreicht werden.
Durch die erfolgte Konsolidierung ist nun ein idealer Einstiegspunkt erreicht.
Zumindest aber sollte man den Wert auf seiner Wachliste haben, um bei dem bevorstenden Hype dabei zu sein.

Gruß: Nemesis

recht hat er

außer das man auf jeden Fall sofor einsteigen sollte

[SlayGrosswildjaeger]

Aus dem US BOARD:
By: calieseth
16 Sep 2005, 10:07 AM EDT
Msg. 3053 of 3062
Jump to msg. #
this is an accumalation stage, it ran for a few days and has been dropping for the last 3-4 days on very little selling, there was huge volume days. many folks are holding onto this. I believe we will get a run up, I understand your frustration. I am there as well. I will hold for a bit longer.

[SlayGrosswildjaeger]

hier noch was! ganz unsere meinung!!

By: chochera10
16 Sep 2005, 09:30 AM EDT
Msg. 3051 of 3062
(This msg. is a reply to 3050 by chochera10.)
Jump to msg. #
GOOD FOR YOU MY FRIEND.GO $$$$$RNVO$$$$$...

[SlayGrosswildjaeger]

das ist der User mit den 2 millionen!!! habe ihn wiedergefunden!! LOOOOL

By: chochera10
15 Sep 2005, 06:24 PM EDT
Msg. 3046 of 3062
(This msg. is a reply to 3045 by golf4uto.)
Jump to msg. #
GOOD OBSERVATION GOLF4AUTO.I`M HOLDING ONLY 2M AT 0.0005. WHAT WAS YOUR ENTRY POINT? GLTAL.

[SlayGrosswildjaeger]

Bestand der Shortieverbrenngemeinschaft!!!:

CEO 245.000.000
Stephan 3.032.598 (VK ULTIMO 10 EURO!)
weing 2.800.000
chochera10 2.000.000 (Aktionär aus USA!!!)
kawasaki 2.000.000
Slay 1.000.000 (VK ULTIMO 10 EURO!)
Money4Life 800.000
gauner 650.000
Toth 500.000
hunnifunny 400.000
janfer 400.000
walfänger 125.000
rainmann 100.000

was habt ihr für vk-orders ultimo gesetzt?

Kleine Anmerkung: Alle die mindestens eine Million Stücke halten, werden zur Belohnung fett gedruckt!!!
Die sind nämlich noch gleichzeitig im Renovo-Millionärs-Club und müssen besonders hervorgehoben werden!!!
Das soll nichts weiter heissen, ist halt die Eintrittshürde für unseren Renovo-Millionärs-Club:
nämlich 1 Million Stücke im Depot zu haben und ne VK Order zum Vielfachen des Kurses ultimo dafür gesetzt zu haben! Zwecks Hedger und Shortieschutz!!! Dann sind sie nämlich vom Markt weg und nicht Verleihbar, da nicht verfügbar!!!

Gesamt 258.807.598

Noch ein paar bis zu 285 mil.

UND die Shortis haben ausgeshortet!!!!

wer hat noch renovo aktien und ist noch nicht aufgeführt?? bitte melden und bitte in den ami boards nachfragen und mit unserer liste sammeln gehen!

[SlayGrosswildjaeger]

Überverkauft hehehehe!!!

By: golf4uto
15 Sep 2005, 06:02 PM EDT
Msg. 3045 of 3062
(This msg. is a reply to 3040 by ocean231.)
Jump to msg. #
check this one out..... go to the website and you will rececive this message:

The Renovo Holdings website is presently not available. We apologize for the inconvenience.

just maybe we will be heading to much higher levels very shortly. Almost a perfect storm!! the Golden Cross ocurred today, closed @ 10mda, bounced hard for a second confirmation over .002, oversold currently and as was seen today, any volume ticked the ask to much higher levels.

This could be the one!!!

long 12mm+... lots of eggs in this basket!!

great luck to all, golf

[SlayGrosswildjaeger]

Dieser User hält offenbar auch noch ne ganze Latte Renovo shares!!!

By: zrqlpn
15 Sep 2005, 04:33 PM EDT
Msg. 3042 of 3062
(This msg. is a reply to 3037 by deathzone29035.)
Jump to msg. #
I own alot of shares.
.01 will not happen for 8 months.
No hype needed.



Gibts überhaupt noch welche für uns?

[Fastfoodlove]

an welche rbörse kann man den wert kaufen ??

[SlayGrosswildjaeger]

[posting]17.937.528 von Toth am 17.09.05 22:10:03[/posting]ja, da sollte man sofort rein!! hehe! shitte warum sind wir nur wieder so ehrlich? wir müssen doch auch noch nachkaufen! scheisse! nu aber schnell!

[SlayGrosswildjaeger]

[posting]17.937.528 von Toth am 17.09.05 22:10:03[/posting]sehr nett sogar!! stimmt aber alles bis auf den freefloat der ist schon gewaltig geschrumpft!! hehe! und das mit der watchlist ist glaub auch wirklich keine gute idee, lieber schnell noch nen paar stücke in usa sichern!! da gibts wenigstens noch welche!!

[SlayGrosswildjaeger]

[posting]17.937.585 von Fastfoodlove am 17.09.05 22:21:27[/posting]Berlin-Bremen und direkt USA!!

[SlayGrosswildjaeger]

[posting]17.937.585 von Fastfoodlove am 17.09.05 22:21:27[/posting]sprich OTC BB oder Berlin/Bremen!

[SlayGrosswildjaeger]

[posting]17.937.574 von SlayGrosswildjaeger am 17.09.05 22:19:08[/posting]dem würde auch ein gemütlicher Anstieg reichen!! Wie bescheiden!! LOOOL

[Fastfoodlove]

thx

aber es ist wohl besser direkt usa oder bin bei der diba wer kann mir was dazu sagen

[SlayGrosswildjaeger]

[posting]17.937.610 von Fastfoodlove am 17.09.05 22:26:12[/posting]auf jeden fall besser direkt in den usa!!!

[Toth]

[posting]17.937.610 von Fastfoodlove am 17.09.05 22:26:12[/posting]weil sich am mo. schon genug um die letzten für 0,004 geschlagen wird
DAS SIND NÄMLICH MEINE

[Fastfoodlove]

hehe

danke werde mir mal welche für 100 euro nur so zum spass ins depot legean am montag
wie seht ihr das kurspotential in diesem wert ich meine diese ausbrüche von mal eben 600 prozent sind schon lustig

[Toth]

@ slay
bäääähh

[Toth]

[posting]17.937.689 von Fastfoodlove am 17.09.05 22:40:24[/posting]guck dir das an

Verkauf Orders
Limit Stücke
0,004 780.000
0,005 800.000
0,006 1.390.000
0,007 549.250
0,008 150.000

[Toth]

[posting]17.937.689 von Fastfoodlove am 17.09.05 22:40:24[/posting]Aber dann bitte auch gleich eintragen

Stephan 3.032.598
weing 2.800.000
1 typ aus us board 2.000.000
kawasaki 2.000.000
Slay 1.000.000
Money4Life 800.000
gauner 650.000
Toth 500.000
hunnifunny 400.000
janfer 400.000
walfänger 125.000
rainmann 100.000


Gesamt 13.807.598

[SlayGrosswildjaeger]

aber hier eintragen:

Bestand der Shortieverbrenngemeinschaft!!!:

CEO 245.000.000
Stephan 3.032.598 (VK ULTIMO 10 EURO!)
weing 2.800.000
chochera10 2.000.000 (Aktionär aus USA!!!)
kawasaki 2.000.000
Slay 1.000.000 (VK ULTIMO 10 EURO!)
Money4Life 800.000
gauner 650.000
Toth 500.000
hunnifunny 400.000
janfer 400.000
walfänger 125.000
rainmann 100.000

was habt ihr für vk-orders ultimo gesetzt?

Kleine Anmerkung: Alle die mindestens eine Million Stücke halten, werden zur Belohnung fett gedruckt!!!
Die sind nämlich noch gleichzeitig im Renovo-Millionärs-Club und müssen besonders hervorgehoben werden!!!
Das soll nichts weiter heissen, ist halt die Eintrittshürde für unseren Renovo-Millionärs-Club:
nämlich 1 Million Stücke im Depot zu haben und ne VK Order zum Vielfachen des Kurses ultimo dafür gesetzt zu haben! Zwecks Hedger und Shortieschutz!!! Dann sind sie nämlich vom Markt weg und nicht Verleihbar, da nicht verfügbar!!!

Gesamt 258.807.598

Noch ein paar bis zu 285 mil.

UND die Shortis haben ausgeshortet!!!!

wer hat noch renovo aktien und ist noch nicht aufgeführt?? bitte melden und bitte in den ami boards nachfragen und mit unserer liste sammeln gehen!

[SlayGrosswildjaeger]

Bestand der Shortieverbrenngemeinschaft!!!:

CEO 245.000.000
Stephan 3.032.598 (VK ULTIMO 10 EURO!)
weing 2.800.000
chochera10 2.000.000 (Aktionär aus USA!!!)
kawasaki 2.000.000
Slay 1.000.000 (VK ULTIMO 10 EURO!)
Money4Life 800.000
gauner 650.000
Toth 500.000
hunnifunny 400.000
janfer 400.000
walfänger 125.000
rainmann 100.000

was habt ihr für vk-orders ultimo gesetzt?

Kleine Anmerkung: Alle die mindestens eine Million Stücke halten, werden zur Belohnung fett gedruckt!!!
Die sind nämlich noch gleichzeitig im Renovo-Millionärs-Club und müssen besonders hervorgehoben werden!!!
Das soll nichts weiter heissen, ist halt die Eintrittshürde für unseren Renovo-Millionärs-Club:
nämlich 1 Million Stücke im Depot zu haben und ne VK Order zum Vielfachen des Kurses ultimo dafür gesetzt zu haben! Zwecks Hedger und Shortieschutz!!! Dann sind sie nämlich vom Markt weg und nicht Verleihbar, da nicht verfügbar!!!

Gesamt 258.807.598

Noch ein paar bis zu 285 mil.

UND die Shortis haben ausgeshortet!!!!

wer hat noch renovo aktien und ist noch nicht aufgeführt?? bitte melden und bitte in den ami boards nachfragen und mit unserer liste sammeln gehen!

[SlayGrosswildjaeger]

aus dem us board:

By: nyankees2005
15 Sep 2005, 11:52 AM EDT
Msg. 3012 of 3062
(This msg. is a reply to 3011 by chochera10.)
Jump to msg. #
I spoke to several big traders about the Carnes purchase of RNVO shares and they all agree that this is the best time to buy RNVO shares

[ewing01]

Werde meine VKO in USA für 10$ setzen

[SlayGrosswildjaeger]

:

By: chochera10
15 Sep 2005, 06:56 AM EDT
Msg. 2999 of 3062
Jump to msg. #
IF YOU LOOK AT SGLS RECORDS, YOU WILL FIND OUT THAT CARNES ALSO FORMER CEO, BOUGHT 300,000.000 M SHARES OF SGLS AT 0.0005 ON 10/24/04 . THEN ON 04/28/05 HE PURCHASED 40,000.000 SAME SHARES AT 0.007. SO AFTER HIS FIST PURCHASED, THE STOCK SHUT UP 700%, THEN HE BOUGHT 40 MILLIONS MORE AND NOW SUCH STOCK IS ABOVE 0.02.GO FIGURE WHY?AND I THINK SAME PATTERN WITH RNVO, JUST BE PATIENT AND WAIT FOR RESULT.GLTAL.

[SlayGrosswildjaeger]

[posting]17.937.802 von ewing01 am 17.09.05 23:07:50[/posting]LOOOOOOOOOOOL

[Fastfoodlove]

am montag rufe ich bei der diba an und kaufe welche für 100. wieviel das wohl sind ??
dann setze ich meine verkaufsorder bei 1 cent. lol

aber mal erlich ich glaube fast dass bei 100 euro kauf mindestens 50 euro für die gebühren drauf geht

aber egal das ding hier ist es wert und mit 100 euro mach ich nichts falsch hehe

gruss Fastfoodlove

[SlayGrosswildjaeger]

[posting]17.937.826 von Fastfoodlove am 17.09.05 23:17:27[/posting]Herzich! Dibadibadi....badibadiba...dibadibadi!!! LOL

[SlayGrosswildjaeger]

[posting]17.937.826 von Fastfoodlove am 17.09.05 23:17:27[/posting]also ich weis nich, aber dann kannst ja eigentlich gleich in d kaufen! da hast bestimmt weniger gebühren!

[SlayGrosswildjaeger]

[posting]17.937.826 von Fastfoodlove am 17.09.05 23:17:27[/posting]...ist ja gut gemeint von dir, dass du kaufdruck in amiland erzeugen willst, aber der kommt von alleine bzw. ist schon da!!
denke aber das lohnt sich nicht bei 100 euro einsatz! ausser wenn deine gebühren dann annähernd gleich wären, würde es sich dann trotzdem noch lohnen!!

[Stephan0603]

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[SlayGrosswildjaeger]

[posting]17.937.892 von Stephan0603 am 17.09.05 23:27:40[/posting]Endlich kommt die Ablöse!!

[Fastfoodlove]

lol@SlayGrosswildjaeger

[Stephan0603]

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von null auf 2!! leistung!!

Platz Vortag Wertpapier Kurs Diff. Vortag Postings
1. (1.) PRIMACOM AG 4,40 +51,72 % 333
2.NEU ! RENOVO HOLDINGS 0,00 -2,86 % 283
3. (6.) CBB HOLDING AG 0,17 -2,87 % 177
4. (19.) WORLDWATER CORP 0,45 -8,16 % 110
5. (2.) ENERGULF RESOURCES INC 2,65 +5,58 % 103
6. (9.) BIOPHAN TECHNOLOGIES INC 2,00 0,00 % 78
7. (27.) CARDERO RES CORP. 2,39 -2,05 % 73
8. (4.) DAX (PERFORMANCEINDEX) 4.986,50 +1,64 % 61
9. (21.) FORTIS ENTERPRISES 0,00 0,00 % 49
10. (3.) IVI COMMUNICATIONS INC 0,31 -3,13 % 49
11. (28.) PALLADON VENTURES LT 0,48 -5,88 % 46
12. (26.) L.A.M. PHARMACEU.D 0,03 +38,89 % 46
13. NEU ! ADVANCED MICRO DEVICES INC 18,50 -4,69 % 27
14. (44.) NETTEL HOLDINGS INC 0,20 -4,76 % 26
15. (5.) AMERA RESOURCES CORP 0,56 -9,68 % 24
16. (20.) INTERTAINMENT AG 1,43 -4,67 % 22
17. (37.) AQUA SOCIETY INC 1,89 +13,17 % 22
18. (43.) MORPHOSYS AG 35,21 +1,79 % 20
19. (10.) S31 HOLDINGS INC 0,00 +100,00 % 19
20. (23.) CHINA EVERGREEN ENVIRON 0,23 -17,86 % 19
21. NEU ! GPC BIOTECH AG 10,54 +0,48 % 18
22. NEU ! SOLARWORLD AG 109,49 -3,52 % 18
23. (33.) EXETER RESOURCES CORP 0,73 +7,35 % 17
24. NEU ! SANGUI BIOTECH INTERNATIONAL, INCORPORATED 0,14 -2,82 % 16
25. NEU ! HYDROFLO INC 0,57 +5,56 % 16
26. (24.) GAMEZNFLIX INC 0,00 0,00 % 16
27. NEU ! FLUXX.COM AKTIENGESELLSCHAFT 10,46 +4,60 % 15
28. (22.) WCM BETEILIGUNGS-UND GRUNDBESITZ-AG 0,54 -3,57 % 15
29. (46.) BARNABUS ENERGY INC. REG. SHARES DL -,001 1,59 -5,36 % 14
30. (41.) CO DON AG 7,20 +17,07 % 14
31. NEU ! SOHU.COM INC. 14,10 -1,47 % 14
32. NEU ! MET@BOX AG 0,08 0,00 % 13
33. NEU ! F.A.M.E. AG KONV. 4,56 -5,39 % 13
34. (36.) IFEX INNOVAT.FIN. 0,36 +2,86 % 13
35. (18.) US MICROBICS 0,03 -10,53 % 13
36. (48.) AUMEGA DISCOVERIES LTD 0,32 +6,67 % 13
37. NEU ! TELE ATLAS N.V. 23,00 +4,17 % 12
38. NEU ! WAPME SYSTEMS AG 1,33 -2,21 % 12
39. (7.) TOURNIGAN GOLD COR 0,32 +10,34 % 12
40. (30.) FARMATIC BIOTECH ENERGY AG 0,21 +20,57 % 11
41. NEU ! BRAIN FORCE SOFTWARE AG 3,64 +3,12 % 10
42. (8.) PLANET LINK COMMUNICATIONS 0,01 +7,69 % 10
43. NEU ! ALLIANZ AG 107,00 +1,41 % 10
44. NEU ! SOFTBANK INVESTMENT INTERNATIONAL (STRATEGIC) L... 0,01 +16,67 % 9
45. (29.) SEAMLESS WI-FI INC 0,09 0,00 % 9
46. NEU ! MEDIGENE AG 8,07 +0,37 % 9
47. NEU ! BERLINER EFFEKTENGESELLSCHAFT AG 3,87 +0,26 % 9
48. NEU ! HIT INTERNATIONAL TRADING AG 26,00 -6,31 % 9
49. (25.) WORLD GAMING ADR 2,25 +4,65 % 8
50. (38.) FANTASTIC CORPORATION 0,09 0,00 % 8

[Fastfoodlove]

aber du hast recht

wie ist der kurs in d ??

auf der anderen seite die kursspitzen sind hier in d bestimmt net so hoch wie in amiland von daher ist die gebühr schon ok

gruss fastfoodlove

[Stephan0603]

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[SlayGrosswildjaeger]

[posting]17.937.904 von Stephan0603 am 17.09.05 23:28:58[/posting]3 - 2 - 1 MEINS!!

[SlayGrosswildjaeger]

[posting]17.937.912 von Fastfoodlove am 17.09.05 23:29:54[/posting]egal wo du kaufst, du kannst immer crossen!! normal!!

[SlayGrosswildjaeger]

[posting]17.937.912 von Fastfoodlove am 17.09.05 23:29:54[/posting]du kannst in amiland gekaufte renovos in d verchecken und andersrum wie es dir passt!!

[Stephan0603]

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[SlayGrosswildjaeger]

guck dir das an

Verkauf Orders
Limit Stücke
0,004 780.000 Slay`s shares!!!
0,005 800.000
0,006 1.390.000
0,007 549.250
0,008 150.000

[Fastfoodlove]

hm ok

aber wie ist der kur in oldgermany

oder sind das die hier zuletzt gezeigten

[SlayGrosswildjaeger]

hoffentlich bekommen wir noch nen paar ask orders bei 0,003 das wär viel fairer! und trotzdem noch leicht über pari!

[Stephan0603]

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[SlayGrosswildjaeger]

voll die verbrecher unsere makl** in berlin!

[SlayGrosswildjaeger]

[posting]17.937.927 von Fastfoodlove am 17.09.05 23:32:59[/posting]du kennst dich nicht so gut aus? das sind die die im verkauf stehen sprich auf der ask seite!!

[Stephan0603]

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[SlayGrosswildjaeger]

[posting]17.937.927 von Fastfoodlove am 17.09.05 23:32:59[/posting]...also müsstest du demnach 0,004 bezahlen wenn du welche haben möchtest! aber eigentlich sind sie in us auf 0,0034 und das sind noch nicht einmal 0,003 euro!! also sind 0,003 euro eigentlich noch überbezahlt, wenn man nur stur den us kurs in euro umrechnen tut! über pari!
bei 0,004 wirds noch heftiger aber geht noch! ab 0,005 wirds kriminell!!

[Fastfoodlove]

ja das weis ich aber an welcher börse hier in deutschland in berlin oder in amiland

[SlayGrosswildjaeger]

[posting]17.937.949 von Stephan0603 am 17.09.05 23:36:06[/posting]

guck dir das an

Verkauf Orders
Limit Stücke
0,004 780.000 Slay`s shares!!!
0,005 800.000 Slay`s shares!!!
0,006 1.390.000 Slay`s shares!!!
0,007 549.250 Slay`s shares!!!
0,008 150.000 Slay`s shares!!!
0,111 3.000.000 Stephan`s shares!!!

[Stephan0603]

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[SlayGrosswildjaeger]

[posting]17.937.952 von Fastfoodlove am 17.09.05 23:36:59[/posting]das ist die berliner liste!

[Stephan0603]

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[posting]17.937.965 von Stephan0603 am 17.09.05 23:39:10[/posting]

[SlayGrosswildjaeger]

[posting]17.937.965 von Stephan0603 am 17.09.05 23:39:10[/posting]Das wär das Ultimo: alle Aktien ausverkauft! US explodiert, weil die Shorties keine Aktien mehr zurückkaufen können, weil keine mehr da sind! Das wär soooooooooooo geil!!

[Stephan0603]

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[Fastfoodlove]

danke

[Stephan0603]

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[Fastfoodlove]

werde mich mal bei onvista anmelden da kann man , habe ich gelesen, in das orderbuch schauen

[Stephan0603]

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[SlayGrosswildjaeger]

Und das sind ganz ausversehen Charts von S3 Investment, uppps falscher Thread, sorry!

[Stephan0603]

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By: chochera10
15 Sep 2005, 06:56 AM EDT
Msg. 2999 of 3062
Jump to msg. #
IF YOU LOOK AT SGLS RECORDS, YOU WILL FIND OUT THAT CARNES ALSO FORMER CEO, BOUGHT 300,000.000 M SHARES OF SGLS AT 0.0005 ON 10/24/04 . THEN ON 04/28/05 HE PURCHASED 40,000.000 SAME SHARES AT 0.007. SO AFTER HIS FIST PURCHASED, THE STOCK SHUT UP 700%, THEN HE BOUGHT 40 MILLIONS MORE AND NOW SUCH STOCK IS ABOVE 0.02.GO FIGURE WHY?AND I THINK SAME PATTERN WITH RNVO, JUST BE PATIENT AND WAIT FOR RESULT.GLTAL.

[Stephan0603]

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aus dem us board:

By: nyankees2005
15 Sep 2005, 11:52 AM EDT
Msg. 3012 of 3062
(This msg. is a reply to 3011 by chochera10.)
Jump to msg. #
I spoke to several big traders about the Carnes purchase of RNVO shares and they all agree that this is the best time to buy RNVO shares

[SlayGrosswildjaeger]

Überverkauft hehehehe!!!

By: golf4uto
15 Sep 2005, 06:02 PM EDT
Msg. 3045 of 3062
(This msg. is a reply to 3040 by ocean231.)
Jump to msg. #
check this one out..... go to the website and you will rececive this message:

The Renovo Holdings website is presently not available. We apologize for the inconvenience.

just maybe we will be heading to much higher levels very shortly. Almost a perfect storm!! the Golden Cross ocurred today, closed @ 10mda, bounced hard for a second confirmation over .002, oversold currently and as was seen today, any volume ticked the ask to much higher levels.

This could be the one!!!

long 12mm+... lots of eggs in this basket!!

great luck to all, golf

[SlayGrosswildjaeger]

Dieser User hält offenbar auch noch ne ganze Latte Renovo shares!!!

By: zrqlpn
15 Sep 2005, 04:33 PM EDT
Msg. 3042 of 3062
(This msg. is a reply to 3037 by deathzone29035.)
Jump to msg. #
I own alot of shares.
.01 will not happen for 8 months.
No hype needed.

[SlayGrosswildjaeger]

ein netter auszug aus dem comdirect forum:

Renovo einmalige Einstiegsgelegenheit

Renovo Holdings WKN: A0B6J8

Der Vorstand von Renovo hat vor ca. zwei Wochen 200.000.000 eigene Aktien gekauft.
Der CEO besitzt damit 245.000.000 aller Aktien.
Im freefloat befinden sich lediglich noch 40.000.000 Aktien.

Shares Outstanding: 285,479,000
lt. Quotes.Nasdaq.com

Insider
CARNES, STEPHEN W.

Relation LastDate FormType TransType OwnType
PR...08/22/2005.....Form 4...........PB........... ..D

SharesTraded...LastPrice. ......SharesHeld
200,000,000........-..... ..........245,000,000



Der Kurs konnte nach der Bekanntgabe rund 530% zulegen (0,0071 USD),
Tageshoch waren sogar 720%.
Nach einer größeren Konsolidierungsphase steht der Kurs jetzt bei 0,0034 USD.
Es sollte bald einen massiven erneuten Kursausbruch geben .

Charttechnisch sieht es super aus.
http://stockcharts.com/de f/servlet/SC.web?c=rnvo,u u [h,a]decayiay[dc][pb50!b200!d20,2!h.02,.20!b32!b10!f][vc60][iub7!le12,26,9!lv25!lk14!la8,24,8!lc12!ls12,26,9][j30525747,y

Gerüchten nach zu Folge soll es wahrscheinlich zu einer Fusion mit einer anderen Firma kommen. Aber auf jeden Fall stehen gute News unmittelbar bevor.
Es handelt sich hierbei um einen Insiderkauf in einer Größenordnung die man selten erlebt hat.
Durch den geringen freefloat von nur 40.000.000 Stück, ist der Markt sehr eng und es sollten schnell 1000% und mehr erreicht werden.
Durch die erfolgte Konsolidierung ist nun ein idealer Einstiegspunkt erreicht.
Zumindest aber sollte man den Wert auf seiner Wachliste haben, um bei dem bevorstenden Hype dabei zu sein.

Gruß: Nemesis

recht hat er

außer das man auf jeden Fall sofor einsteigen sollte

[SlayGrosswildjaeger]

das ist der us user der 2 mio hält!!

By: chochera10
15 Sep 2005, 06:24 PM EDT
Msg. 3046 of 3062
(This msg. is a reply to 3045 by golf4uto.)
Jump to msg. #
GOOD OBSERVATION GOLF4AUTO.I`M HOLDING ONLY 2M AT 0.0005. WHAT WAS YOUR ENTRY POINT? GLTAL.

[SlayGrosswildjaeger]

Aus dem US BOARD:
By: calieseth
16 Sep 2005, 10:07 AM EDT
Msg. 3053 of 3062
Jump to msg. #
this is an accumalation stage, it ran for a few days and has been dropping for the last 3-4 days on very little selling, there was huge volume days. many folks are holding onto this. I believe we will get a run up, I understand your frustration. I am there as well. I will hold for a bit longer.

[Stephan0603]

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[posting]17.938.008 von Stephan0603 am 17.09.05 23:49:31[/posting]

[Fastfoodlove]

so ihr kleinen leminge

ich wtte mit euch ich kriege am mo welche zu 0,002 bei der kleinen stückzahl gehen da bestimmt welche durch

[SlayGrosswildjaeger]

Tod den Überverkäufern!! Sprich: Shorties!!

[Stephan0603]

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[posting]17.938.009 von Stephan0603 am 17.09.05 23:50:03[/posting].....aber eines das sich gewaschen hat!!

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[posting]17.938.015 von Stephan0603 am 17.09.05 23:51:28[/posting]..kannst ja richtig gut english!!

[SlayGrosswildjaeger]

[posting]17.938.016 von Stephan0603 am 17.09.05 23:52:05[/posting]1+

[SlayGrosswildjaeger]

[posting]17.938.019 von Stephan0603 am 17.09.05 23:52:39[/posting]setzen 6!





















SPASS!!! LOOOOL

[Stephan0603]

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[SlayGrosswildjaeger]

[posting]17.938.034 von Stephan0603 am 17.09.05 23:55:53[/posting]

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Platz Mitglied Postings
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3. StellaLuna 88 Userinfo · Threads · Postings ·
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[SlayGrosswildjaeger]

...Kampf der Giganten!!

[SlayGrosswildjaeger]

[posting]17.938.039 von Stephan0603 am 17.09.05 23:56:35[/posting]+3=trölf!

[Stephan0603]

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[Stephan0603]

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[Stephan0603]

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Ich mach sie fertig die Shorties!!

[ewing01]

Was mich immer wundert sind diese mini Käufe von 5000 Stk in den USA. Sind ja gerade mal 17 $. Sind die Amis alle Pleite.

[Stephan0603]

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Bestand der Shortieverbrenngemeinschaft!!!:

CEO 245.000.000
Stephan 3.032.598 (VK ULTIMO 10 EURO!)
weing 2.800.000
chochera10 2.000.000 (Aktionär aus USA!!!)
kawasaki 2.000.000
Slay 1.000.000 (VK ULTIMO 10 EURO!)
Money4Life 800.000
gauner 650.000
Toth 500.000
hunnifunny 400.000
janfer 400.000
walfänger 125.000
rainmann 100.000

habt ihr vk-orders ultimo gesetzt, zum Schutz vor Hedgern/Shorties, damit die Aktien gesperrt und somit nicht verleihbar sind!!?? Wenn nich, schell machen!!

Gesamt 258.807.598

Noch ein paar bis zu 285 mil.

UND die Shortis haben ausgeshortet!!!!

wer hat noch renovo aktien und ist noch nicht aufgeführt?? bitte melden und bitte in den ami boards nachfragen und mit unserer liste sammeln gehen!

[Stephan0603]

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[posting]17.938.076 von ewing01 am 18.09.05 00:00:36[/posting]Das sind die Shorties, das sind Verkäufe um den Kurs zu drücken! Und um dann billiger an grosse Stückzahlen ranzukommen!! SL-Fishing!!

[SlayGrosswildjaeger]

[posting]17.938.083 von Stephan0603 am 18.09.05 00:01:29[/posting]Denke schon! Wir zwei belegen Platz 1 und 2! Platz 2 Du Du Wenigposter!!

[Stephan0603]

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[posting]17.938.084 von Stephan0603 am 18.09.05 00:02:10[/posting]ich mir auch gleich!! LOOOOL

[SlayGrosswildjaeger]

1. (1.) PRIMACOM AG +51,72 % 342
2. NEU! RENOVO HOLDINGS -2,86 % 325
3. (9.) CBB HOLDING AG -2,87 % 179
4. (19.) WORLDWATER CORP -8,16 % 110
5. (2.) ENERGULF RESOUR... +5,58 % 104


GLEICH IST ES SOWEIT!!!!!!!!!!!!!!!!

[SlayGrosswildjaeger]

[SlayGrosswildjaeger]

Achtung Renovo-Druckwelle!

[Stephan0603]

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ich will auf Platz 1, was soll das?

[Stephan0603]

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[ewing01]

Schaut euch das mal an

http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx…

[Stephan0603]

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RENOVO HOLDINGS: NT 10-K, Sub-Doc 1 BACK PRINT THIS PAGE CLOSE WINDOW
FORM 12b-25: NOTIFICATION OF LATE FILING OF 1934 ACT REPORTS

U.S. SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549



FORM 10-K
SEC FILE NUMBER 000-49634




NOTIFICATION OF LATE FILING

(Check One)



[x]Form 10-K, [ ]Form 20-F, [ ]Form 11-K, [ ] 10-q

[ ]Form N-SAR



For Period Ended: December 31, 2004



[ ]Transition Report on Form 10-K

[ ]Transition Report on Form 20-F

[ ]Transition Report on Form 11-K

[ ]Transition Report on Form 10-Q

[ ]Transition Report on Form N-SAR



For the Transition Period Ended:____________________



Nothing in this Form shall be construed to imply that the Commission has verified any information contained herein.





If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates: N/A





Part I - Registrant Information



RENOVO HOLDINGS

(Full Name of Registrant)



(Former Name if Applicable)



1111 N. Orlando Ave.

(Address of U.S. Principal Executive Office) (Street & Number)



Winter Park, Florida 32789

(City, State and Zip Code)





Part II - Rules 12b-25(b) and (c )



If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check Box if appropriate)



[ ](a) The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;



[X](b) The subject annual report portion thereof will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and




--------------------------------------------------------------------------------



[ ](c ) The accountant`s statement or other exhibit required by Rule 12b-25(c ) has been attached if applicable.





Part III - Narrative



The Registrant is unable to file its annual report on Form 10-KSB within the prescribed time period because it has experienced some difficulty in compiling its financial records to complete the preparation of the financial statements for the year ended December 31, 2004.





Part IV - Other Information



(1) Name and telephone number of persons to contact in regard to this notification:

Stephen W. Carnes - [phone]



(2) Have all other periodic report required under Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period than the registrant was required to file such report(s)) been filed? [X]Yes [ ] No

If answer is no, identify report(s).

(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earning statements to be included in the subject report or portion thereof? [ ] Yes [x] No

If so: attach an explanation of the anticipated change, both narratively and quantitatively, and, if applicable, state the reasons why a reasonable estimate of the result can not be made.

RENOVO HOLDINGS

(Name of Registrant as specified in charter)



Has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.



Date: March 31, 2005 By:/s/Stephen W. Carnes

Stephen W. Carnes, President





ATTENTION



INTENTIONAL MISSTATEMENTS OR OMISSION OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (See 18 U.S.C.1001).





Copyright © 2005 QuoteMedia. All rights reserved. Terms of Use.
Financial data powered by QuoteMedia, www.quotemedia.com, SEC filings by 10kWizard.

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RENOVO HOLDINGS: NT 10-Q, Sub-Doc 1 BACK PRINT THIS PAGE CLOSE WINDOW
FORM 12b-25: NOTIFICATION OF LATE FILING OF 1934 ACT REPORTS

U.S. SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SEC FILE NUMBER 000-49634

NOTIFICATION OF LATE FILING

(Check One)



[ ]Form 10-K, [ ]Form 20-F, [ ]Form 11-K, [X] 10-QSB, [ ]Form N-SAR



For Period Ended: March 31, 2005



[ ]Transition Report on Form 10-K

[ ]Transition Report on Form 20-F

[ ]Transition Report on Form 11-K

[ ]Transition Report on Form 10-Q

[ ]Transition Report on Form N-SAR



For the Transition Period Ended:____________________



Nothing in this Form shall be construed to imply that the Commission has verified any information contained herein.








If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates: N/A










Part I - Registrant Information






Renovo Holdings

(Full Name of Registrant)





(Former Name if Applicable)





1111 N. Orlando Ave.

(Address of U.S. Principal Executive Office) (Street & Number)





Winter Park, Florida 32789

(City, State and Zip Code)









Part II - Rules 12b-25(b) and (c )



If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check Box if appropriate)





[ ](a) The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;





[X](b) The subject annual report, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and





[ ](c ) The accountant`s statement or other exhibit required by Rule 12b-25(c ) has been attached if applicable.









Part III - Narrative



The Registrant is unable to file its quarterly report on Form 10-QSB within the prescribed time period because the Company has experienced some difficulty in compiling its financial records to complete the preparation of the financial statements for the relevant quarter.







Part IV - Other Information



(1) Name and telephone number of persons to contact in regard to this notification:





Stephen W. Carnes - [phone]



(2) Have all other periodic report required under Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period than the registrant was required to file such report(s)) been filed? [X]Yes [ ] No

If answer is no, identify report(s).





(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earning statements to be included in the subject report or portion thereof? [ ] Yes [x] No





If so: attach an explanation of the anticipated change, both narratively and quantitatively, and, if applicable, state the reasons why a reasonable estimate of the result cannot be made.

Renovo Holdings

(Name of Registrant as specified in charter)

Has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.





Date: May 17, 2005 By: /s/ Steve W. Carnes

Stephen W. Carnes, President







ATTENTION



INTENTIONAL MISSTATEMENTS OR OMISSION OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (See 18 U.S.C.1001).









Copyright © 2005 QuoteMedia. All rights reserved. Terms of Use.
Financial data powered by QuoteMedia, www.quotemedia.com, SEC filings by 10kWizard.

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RENOVO HOLDINGS: 10KSB, Sub-Doc 1 BACK PRINT THIS PAGE CLOSE WINDOW
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



FORM 10-KSB



[X] ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934



For the fiscal year ended: December 31, 2004



[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934



Commission file number: 000-49634



RENOVO HOLDINGS

(Name of small business issuer in its charter)



Nevada
88-0475756

(State or other jurisdiction of
(I.R.S. Employer

incorporation)
Identification No.)




100 Candace Drive, Suite 100

Maitland, Florida
32751

(Address of principal executive offices)
(zip code)


Issuer`s Telephone Number: [phone]

Securities registered under Section 12(b) of the Exchange Act: None.

Securities registered under Section 12(g) of the Exchange Act:

Common Stock, $.001 par value

(Title if Class)

Check whether the registrant (a) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (b) has been subject to such filing requirements for the past 90 days. Yes X No

Check if there is no disclosure of delinquent filers pursuant to Item 405 of Regulation S-B is not contained herein, and will not be contained, to the best of registrant`s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [ ]

The issuer`s revenues for its most recent fiscal year ended December 31, 2004. $-0-.


--------------------------------------------------------------------------------

The aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the average bid and ask price, as of March 1, 2005 was $194,521.82 based on a share value of $.00115.

The number of shares of Common Stock, $0.001 par value, outstanding on March 1, 2005, was 214,149,409 shares.

Transitional Small Business Disclosure Format (check one): Yes No X


--------------------------------------------------------------------------------



RENOVO HOLDINGS

(A DEVELOPMENT STAGE COMPANY)

FOR THE FISCAL YEAR ENDED

DECEMBER 31, 2004



Index to Report

on Form 10-KSB



PART I Page




Item 1. Description of Business 2

Item 2. Description of Property 7

Item 3. Legal Proceedings 7

Item 4. Submission of Matters to a Vote of Security Holders 7


PART II

Item 5. Market for Common Equity and Related Stockholder Matters 7

Item 6. Plan of Operation
9

Item 7. Financial Statements 16

Item 8. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure
16

Item 8A. Controls and Procedures 16

Item 8B. Other Information 17


PART III

Item 9. Directors, Executive Officers, Promoters and Control Persons; Compliance with Section 16(a) of the Exchange Act 17

Item 10. Executive Compensation 19

Item 11. Security Ownership of Certain Beneficial Owners and Management 20

Item 12. Certain Relationships and Related Transactions 2

Item 13. Exhibits 22

Item 14.
Principal Accountant Fees and Services
22





--------------------------------------------------------------------------------

FORWARD-LOOKING STATEMENTS

This document contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are "forward-looking statements" for purposes of federal and state securities laws, including, but not limited to, any projections of earnings, revenue or other financial items; any statements of the plans, strategies and objections of management for future operations; any statements concerning proposed new services or developments; any statements regarding future economic conditions or performance; any statements or belief; and any statements of assumptions underlying any of the foregoing.

Forward-looking statements may include the words "may," "could," "estimate," "intend," "continue," "believe," "expect" or "anticipate" or other similar words. These forward-looking statements present our estimates and assumptions only as of the date of this report. Except for our ongoing securities laws, we do not intend, and undertake no obligation, to update any forward-looking statement.

Although we believe that the expectations reflected in any of our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Our future financial condition and results of operations, as well as any forward-looking statements, are subject to change and inherent risks and uncertainties. The factors impacting these risks and uncertainties include, but are not limited to:

increased competitive pressures from existing competitors and new entrants;

increases in interest rates or our cost of borrowing or a default under any material debt agreements;

deterioration in general or regional economic conditions;

adverse state or federal legislation or regulation that increases the costs of compliance, or adverse findings by a regulator with respect to existing operations;

loss of customers or sales weakness;

inability to achieve future sales levels or other operating results;

the unavailability of funds for capital expenditures; and

operational inefficiencies in distribution or other systems.

For a detailed description of these and other factors that could cause actual results to differ materially from those expressed in any forward-looking statement, please see "Factors That May Affect Our Plan of Operation" in this document.

In this filing references to "Company," "we," "our," and/or "us," refers to Renovo Holdings.

1


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PART I

ITEM 1. DESCRIPTION OF BUSINESS.

(a) General Business Development

Renovo Holdings is a development stage company, originally incorporated in the State of Nevada on October 18, 2000 under the name First Impressions. On July 14, 2003, we amended our Articles of Incorporation changing our name from First Impressions to Fortis Enterprises. The Board of Directors determined that the name, "First Impressions" was limiting the Company`s ability to pursue the expansion of our business into other marketing arenas and felt that the name Fortis Enterprises was more generic and allowed for more flexibility in the future expansion of business opportunities. We also increased the total amount of authorized common stock from 50,000,000 shares to 100,000,000 shares.

On July 15, 2003, our board of directors approved the cancellation of 60,000,000 (post split) shares of common stock held by three of our major stockholders. Concurrently we issued 45,000,000 (post split) shares of common stock to Mr. Stephen W. Carnes as consideration for his business expertise and his business concept of establishing a national network of commercial and residential restoration service companies, his serving on the Board of Directors, and assuming the liability of being an officer and director of a publicly trading and reporting Company.

Prior to the cancellations and issuances, we had a total of 80,000,000 (post split) shares of common stock issued and outstanding. The canceling stockholders held approximately 75% of the issued and outstanding common stock. The cancellations and issuance resulted in 65,000,000 (post split) shares of common stock to be issued and outstanding with approximately 69% of those shares being held by Mr. Carnes. Mr. Carnes` percentage ownership of the Company`s common stock and his position as sole director of the Company allows him to exercise control of the Company.

On June 14, 2004, we changed our name from Fortis Enterprises to Renovo Holdings, at the behest of a letter from counsel for Fortis (NL) N.V. Corporation received on November 25, 2003, wherein he requested we change our corporate name in order to avoid infringement on Fortis` trade name. We also increased the total of authorized common stock from 100,000,000 shares to 500,000,000 shares.

(b) Our Business

Our Principal Services and their Markets

After completing an analysis of the loss and restoration markets, we believe we can capitalize upon the niche market opportunities within the residential and commercial restoration services markets. We believe that we can achieve revenue growth, by "rolling up" smaller, individually owned restoration companies under our "umbrella" as the parent company.

As we locate potential restoration companies for acquisition, we intend to formulate a business plan that is based upon a loss/recovery/restoration team (LRR-Team) coordinating complex efficient mobilization, which possesses logistic expertise both locally and nationally. The LRR-Team is being designed by us to follow a specific proven process when responding to, assessing, and restoring a damaged property. In our acquisition mode, we are seeking to acquire top industry talent for this team, including individuals with expertise in insurance, claims negotiation, construction, mitigation, and project management.

2


--------------------------------------------------------------------------------

With the mobilization LRR-Team which we are attempting to establish, whether the property is a residential, office building, industrial building, or institutional building, we intend to be set up to efficiently mobilize our team to handle a loss, anywhere in the country, at any time. Once we acquire the planned expertise, our scope of services and in-depth knowledge is intended to enable us to restore any type of property, regardless if damaged by fire, water, mold, or any type of natural disaster. We plan to utilize information technology to assist in the evaluation of the loss and determination of the magnitude of the restoration or recovery and create verifiable status reports.

Our plan includes setting up an Information Technology (IT) director to handle the electronic dissemination of information through the Internet and through our own to be developed Intranet site. We intend to be able to provide our clients with real-time electronic information including account information, insurance information, cost estimation, and remedial and restoration updates via the electronic transmission of text and electronic imaging of the restoration project.

Our services will initially focus on the following restoration markets:

Water - Water can have devastating consequences if not treated quickly and properly. Typical causes of water damage include fire, weather, burst pipes, and sewage overflow. Damage will occur if the water is not quickly and properly extracted, and the salvageable property thoroughly dried and disinfected. Our LRR-Team will take an organized, phased approach to mitigate water damage, beginning with a thorough assessment, mitigation plan, removal of contents, extraction of standing water, dehumidification, mold inhibitor infusion, and in many cases, reconstruction.

Fire - Residual effects of fire, other than the loss of the burned or smoke damaged area include water damage, and soot. Acidic soot residues stain plastic surfaces, grout, and porous stones. Documents and books that survive a fire, receive additional damage due to discoloration from soot, smoke and water.

Technical Cleaning - Sensitive equipment can be permanently damaged if the right restoration techniques are not utilized.

Mold - Mold is a member of the fungi family and can be found almost anywhere, gradually destroying the very material on which it grows. Molds thrive in damp, dark places, and can be found in, water damaged basements, storage areas, wood, insulation, and carpets. The effects of mold on an individual can range from mild to severe, and may even be toxic.

3


--------------------------------------------------------------------------------

Distribution Methods of the Services.

Until such time as we complete an acquisition, we do not anticipate the establishment of an independent method for the distribution of our services. Our plan is to distribute our services through acquired businesses.

Competitive Business Conditions.

There are many companies that offer loss, restoration, and remediation services. Our competitors include:

General Contractors, some of which maintain toll-free numbers;

Subcontractors;

Insurance sanctioned remediation companies;

Specialty Cleaning Services; and

Loss, restoration and remediation companies.

Each of these categories encompasses a wide range of services and is highly fragmented.

Competition is intense and we expect it to increase. Increased competition could result in:

price reductions, decreased revenue and lower profit margins;

inability to gain market share;

loss of market share once, and if gained; and

increased marketing expenditures.

As a result of our competition targeting our same market; individuals and corporate entities interested in our loss, restoration, and remediation services, we will only be able to distinguish our services as the result of our advertising programs and ultimately quality and efficiency of service. Our goal is to determine methods by which we can maximize contacts with major insurance carriers. We do not anticipate distinguishing our services from other like services available in the market in the near future.

Governmental Regulations

Many governmental regulations may impact our business, which could affect our ability to conduct business. Any new law or regulation, or the application or interpretation of existing laws, may decrease our ability to conduct business across state lines. We expect there will be an increasing number of laws and regulations pertaining to the use of chemicals in the restoration services area. These laws or regulations may relate to liability for chemical use in violation of the rules promulgated by the Environmental Protection Agency. This could decrease the demand for our services, increase our costs or otherwise adversely affect our business.

In addition, we cannot predict whether new legislation or regulations governing our activities will be enacted by legislative bodies or promulgated by agencies regulating our activities, or what the effect of any such legislation or regulations on our business would be.

4


--------------------------------------------------------------------------------

Costs and Effects of Compliance with Environmental Law.

Environmental laws affect the types of chemicals and products utilized in the restoration services that we intend to provide. In most cases the chemicals will be off the shelf types of products pre-approved for the sale in the United States. At this time we do not anticipate utilizing any products not approved for use or resale in the United States.

Intellectual Properties

We regard the protection of our copyrights, service marks, trademarks, and trade secrets as critical to our future success and will rely on a combination of copyright, trademark, service mark and trade secret laws and contractual restrictions to establish and protect our proprietary rights in products and services. We plan to enter into confidentiality agreements with our to be acquired operators, consultants and strategic partners in order to limit access to and disclosure of our proprietary information. These contractual arrangements or the other steps taken by us to protect our intellectual property may not prove sufficient to prevent misappropriation of our technology or to deter independent third-party development of similar technologies. We plan to pursue the registration of our trademarks and service marks in the United States.

Employees

As of December 31, 2004, we had one employee, Stephen W. Carnes. We anticipate the assumption of an employment base from the companies, which we intend to acquire in the future. In addition to that employment base, we anticipate hiring an executive secretary and chief financial officer. None of such personnel are anticipated to be covered by a collective bargaining agreement.

Reports to Stockholders

We are subject to the informational requirements of the Securities Exchange Act of 1934, as amended. Our securities are registered under the Exchange Act, we file supplementary and periodic information, documents and reports that are required under section 13 of the Securities Act of 1933, as amended, with the Securities and Exchange Commission. Such reports, proxy statements and other information will be available through the Commission`s Electronic Data Gathering Analysis and Retrieval System which is publicly available through the Commission`s website (http://www.sec.gov).

We intend to furnish annual reports to stockholders, which will include audited financial statements reported on by our Certified Public Accountants. In addition, we will issue un-audited quarterly or other interim reports to stockholders.

CORNELL CAPITAL FINANCING

On April 14, 2004, we entered into the following agreements with Cornell Capital Partners, LP ("Cornell").

Standby Equity Distribution Agreement and Placement Agent Agreement

5


--------------------------------------------------------------------------------

On April 14, 2004, we entered into a Standby Equity Distribution Agreement with Cornell, wherein we agreed to issue and sell to Cornell $5,000,000 of our common stock. We have engaged Newbridge Securities Inc., to act as our exclusive placement agent in connection with the sale of our common stock to Cornell. We agreed to issue 1,490,000 shares of our common stock to Cornell upon execution of the agreement (issued on May 3, 2004).

Pursuant to the Standby Equity Distribution Agreement, Cornell and the Company also entered into a Placement Agent Agreement with Newbridge Securities Corporation, wherein Newbridge will act as our exclusive placement agent in connection with the Standby Equity Distribution Agreement. Newbridge`s services will consist of reviewing the terms of the Standby Equity Distribution Agreement and advising us with respect to those terms. We agreed to issue 10,000 shares of our common stock to Newbridge upon execution of the agreement (issued May 14, 2004).

Securities Purchase Agreement

We executed a Securities Purchase Agreement with Cornell, wherein we agreed to issue and sell to Cornell up to $300,000 of secured convertible debentures, which will be convertible into shares of our common stock. Of the $300,000, $150,000 was immediately received and on July 9, 2004 we received the remaining $150,000 following the date we amended our Articles of Incorporation increasing our authorized shares of common stock to 500,000,000 shares and after we filed the registration statement as agreed in the Registration Rights Agreement discussed below.

Registration Rights Agreements

In connection with the Securities Purchase Agreement and Standby Equity Distribution Agreement, we entered into two Registration Rights Agreements with Cornell, wherein we agreed to prepare and file with the SEC a registration statement on Form SB-2 under the 1933 Act for the registration for the resale by all Investors who purchased convertible debentures pursuant to the Securities Purchase Agreement 9,868,421 shares of our common stock issued upon conversion of the Convertible Debentures and the 1,490,000 shares of common stock issued to Cornell plus enough shares to cover the $5,000,000 equity line. We agreed to cause the registration statement to remain effective until all of the registrable securities have been sold.

Security Agreement

We executed a Security Agreement with Cornell wherein, in connection with the above financing documents, we agreed to grant to Cornell a security interest in and to the pledged property until the satisfaction of all obligations described in the agreement are performed. The pledged property includes all goods, inventory, contract rights and general intangibles, all documents, warehouse receipts, instruments and chattel paper, all accounts and receivables, instruments or other forms of obligations and rights to payment, to the extent assignable, all of the our rights under all present and future authorizations, permits, licenses and franchises, and all products and proceeds from the above described pledged property.

6


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ITEM 2. DESCRIPTION OF PROPERTY.

Our executive office is located at 100 Candance Drive, Suite 100, Maitland, Florida 32751. The property is approximately 3,600 square feet. The term of our lease is for 24 months and began on November 1, 2004 with lease payments of $2,850.00 per month together with applicable Florida State Sales Tax.

ITEM 3. LEGAL PROCEEDINGS.

On November 4, 2003, Suburban Capital Corporation ("SCC"), a Delaware corporation, filed a complaint against us with the United States District Court for the Northern District of Illinois, Eastern Division, alleging that on or about September of 2003, we approached SCC and allegedly entered into an oral agreement for the purpose of hiring them to provide introductions to potential partners, along with other business consulting services. SCC was seeking $350,000 in damages. Our management denied the existence of any agreement with SCC and aggressively defended the Company against the frivolous action. On November 23, 2004, the case was dismissed due to the plaintiff`s (SCC) failure to appear before the judge.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

None.

PART II

ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.

(a) Market Information

Our Common Stock is traded in the over-the-counter securities market through the National Association of Securities Dealers Automated Quotation Bulletin Board System, under the symbol "RNVO". We have been eligible to participate in the OTC Bulletin Board since April 23, 2003. The following table sets forth the quarterly high and low bid prices for our Common Stock during our last two fiscal years, as reported by a Quarterly Trade and Quote Summary Report of the OTC Bulletin Board. The quotations reflect inter-dealer prices, without retail mark-up, markdown or commission, and may not necessarily represent actual transactions.

2004
2003

High
Low
High
Low

1st Quarter
0.115
0.017
Not Trading
Not Trading

2nd Quarter
0.062
0.01
0.02
0.015

3rd Quarter
0.0171
0.004
0.54
0.19

4th Quarter
0.041
0.0017
0.23
0.08


Note: We traded on the OTC:BB from April 23, 2003 through June 21, 2004 under the symbol "FRTE".

7


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(b) Holders of Common Stock

As of March 1, 2005, we had approximately 42 stockholders of record of the 214,149,409 shares outstanding.

(c) Dividends

The Board of Directors has not declared any dividends due to the following reasons:

The Company has not yet adopted a policy regarding payment of dividends;

The Company does not have any money to pay dividends at this time;

The declaration of a cash dividend would result in an impairment of future working capital; and

The Board of Directors will not approve the issuance of a stock dividend.

(d) Securities Authorized for Issuance under Equity Compensation Plans

Employee and Consultant Stock Compensation Plans

Effective August 26, 2003, we adopted an Employee and Consultant Stock Compensation Plan. The maximum number of shares that may be issued pursuant to the plan is 3,000,000 shares. As of December 31, 2004, 2,564,493 shares have been granted under this plan.

Effective May 11, 2004, we adopted another Employee and Consultant Stock Compensation Plan. The maximum number of shares that may be issued pursuant to the plan is 15,000,000 shares. As of December 31, 2004, 3,508,207 shares have been issued under this plan.

Equity Compensation Plans Information

We currently maintain equity compensation plans to allow the Company to compensate employees, directors, consultants and certain other persons providing bona fide services to the Company or to compensate officers, directors and employees for accrual of salary, through the award of our common stock. The following table sets forth information as of December 31, 2004 regarding outstanding shares granted under the plans, warrants issued to consultants and options reserved for future grant under the plans.

Plan Category
Number

of shares to be issued upon exercise of outstanding options, warrants and rights

(a)
Weighted-average exercise price of outstanding options, warrants and rights

(b)
Number of shares remaining available for future issuance under equity compensation plans (excluding shares reflected in column (a))

(c)


Equity compensation plans approved by stockholders

--

$ --
--


Equity compensation plans not approved by stockholders

0

$ 0
11,927,300 (1)


Total
0
$ 0
11,927,300



(1) Includes: 435,507 shares available for issuance under the 2003 plan and 11,491,793 shares available under the 2004 plan.

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These plans are intended to encourage directors, officers, employees and consultants to acquire ownership of common stock. The opportunity so provided is intended to foster in participants a strong incentive to put forth maximum effort for its success and growth, to aid in retaining individuals who put forth such effort, and to assist in attracting the best available individuals to the Company in the future.

Recent Sales of Unregistered Securities

Issuances pursuant to the Equity Distribution Agreement and the Securities Purchase Agreement with Cornell Capital Partners LP.

On October 18, 2004, we sold $20,000 of secured convertible debentures to Cornell, which converted into 6,250,000 shares of our common stock. The shares were registered in our SB-2 Registration Statement declared effective by the SEC on July 13, 2004.

From October 26, 2004 through December 27, 2004, we issued 61,000,000 shares of our common stock to the Escrow Agent pursuant to the Equity Distribution Agreement, to hold on behalf of Cornell pending receipt of funds, at which time the shares will be delivered to Cornell. The 61,000,000 shares were registered in our SB-2 Registration Statement declared effective by the SEC on July 13, 2004.

Subsequent Issuances

From February 1, 2005 through February 25, 2005, we issued 42,526,315 shares of our common stock the Escrow Agent pursuant to the Equity Distribution Agreement, to hold on behalf of Cornell pending receipt of funds, at which time the shares will be delivered to Cornell. The 42,526,315 were registered in our SB-2 Registration Statement declared effective by the SEC on July 14, 2004.

ITEM 6. PLAN OF OPERATION.

This report contains forward-looking statements. Actual results and events could differ materially from those projected, anticipated, or implicit, in the forward-looking statements as a result of the risk factors set forth below and elsewhere in this report.

With the exception of historical matters, the matters discussed herein are forward-looking statements that involve risks and uncertainties. Forward-looking statements include, but are not limited to, statements concerning anticipated trends in revenues, projections concerning operations and available cash flow. Our actual results could differ materially from the results discussed in such forward-looking statements primarily as the result of insufficient cash to pursue acquisitions and marketing efforts. The following discussion of our financial condition and results of operations should be read in conjunction with our financial statements and the related notes thereto appearing elsewhere herein.

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Overview

Renovo Holdings is a Development Stage Company that intends to capitalize upon the niche market opportunities within the commercial and residential restoration service markets.

As a company in an early development stage, our ability to proceed with our plan of operation has continuously been a function of our ability to raise sufficient capital to continue our operations. At the end of the fiscal year 2004 we had cash available of $16,075. Our cash requirements on a monthly basis are approximately $4,500, excluding exceptional expenses that are related to capital raising and securities registration expenses.

We have continuously incurred losses since inception. For the year ended December 31, 2003 we had a net loss of $313,527 as compared to a net loss of $1,099,313 for the year ended December 31, 2004.

Plan of Operation

During the next 12 months we plan to focus our efforts on positioning Renovo to provide complete loss management and restoration services to residential, commercial, industrial, and institutional properties. Initially, we are seeking to establish Renovo in the Florida market, with the ability to expedite the recovery process, with the eventual capability of responding to loss and restoration across the United States.

Satisfaction of our cash obligations for the next 12 months.

We plan on satisfying our cash obligations over the next twelve months through additional equity and/or third party financing. We do not anticipate generating revenues sufficient enough to satisfy our working capital requirements within the next twelve months.

A critical component of our operating plan impacting our continued existence is the ability to obtain additional capital through additional equity and/or debt financing. We do not anticipate enough positive internal operating cash flow until such time as we complete an acquisition and can generate substantial revenues, which may take the next few years to fully realize, if ever. In the event we cannot obtain the necessary capital to pursue our strategic plan, we may have to cease or significantly curtail our operations. This would materially impact our ability to continue operations.

On April 14, 2004, we entered into a Standby Equity Distribution Agreement with Cornell Capital Partners, LP ("Cornell"), wherein we agreed to issue and sell to Cornell and Cornell agreed to purchase from us $5,000,000 of our common stock, par value $0.001 per share. Additionally, we entered into a secured convertible debenture agreement with Cornell in order to provide us with expedited access to $300,000 of the funding.

In September 2004, we sold $40,000 of secured convertible debentures, which were converted into 7,738,094 shares of our common stock and issued to Cornell Capital Partners. Additionally in October of 2004, we sold a total of 20,202,020 shares under the Equity Distribution Agreement valued at $200,000.

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Liquidity and Capital Resources

Our near term cash requirements are anticipated to be offset through the receipt of funds from the Cornell convertible debenture, private placement offerings and loans obtained through private sources. We filed a registration statement (declared effective by the SEC on July 14, 2004) registering 368,687,500 shares of our common stock for the resale by all investors who purchase convertible debentures and to cover the $5,000,000 equity line under the Equity Distribution Agreement. We anticipate being able to use the line of credit to finance our operations. Since inception, we have financed cash flow requirements through debt financing and issuance of common stock for cash and services. When, and if, we commence operational activities, we may continue to experience net negative cash flows from operations, and may be required to obtain additional financing to fund operations through common stock offerings and bank borrowings to the extent necessary to provide working capital.

Over the next twelve months we believe that existing capital and anticipated funds from operations will not be sufficient to sustain operations and planned expansion. However, the line of credit is anticipated to satisfy our working capital needs, but if it is not available, we will be required to seek additional capital in the future to fund our operations through additional equity or debt financing or credit facilities. No assurance can be made that such financing would be available, and if available it may take either the form of debt or equity. In either case, the financing could have a negative impact on our financial condition and our Stockholders.

We anticipate incurring operating losses over the next twelve months. Our lack of operating history makes predictions of future operating results difficult to ascertain. Our prospects must be considered in light of the risks, expenses and difficulties frequently encountered by companies in their early stage of development. Such risks include, but are not limited to, an evolving and unpredictable business model and the management of growth. To address these risks we must, among other things, locate suitable acquisition targets, obtain a customer base, implement and successfully execute our business and marketing strategy, respond to competitive developments, and attract, retain and motivate qualified personnel. There can be no assurance that we will be successful in addressing such risks, and the failure to do so can have a material adverse effect on our business prospects, financial condition and results of operations.

Going Concern

The consolidated financial statements included in this filing have been prepared in conformity with generally accepted accounting principles that contemplate the continuance of the Company as a going concern. The Company`s cash position may be inadequate to pay all of the costs associated with its intended business plan. Management intends to use borrowings and security sales to mitigate the effects of its cash position, however no assurance can be given that debt or equity financing, if and when required will be available. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets and classification of liabilities that might be necessary should the Company be unable to continue existence.

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Summary of any product and development that we will perform for the term of the plan. We do not anticipate performing any significant product research and development under our plan of operation. In lieu of product research and development, we anticipate acquiring small renovation businesses.

Expected purchase or sale of plant and significant equipment. We do not anticipate the purchase or sale of any plant or significant equipment, as such items are not required by us at this time or anticipated to be needed in the next twelve months; however, as the result of our plan for acquisitions of renovation businesses, we may acquire equipment, and in some cases plants, which relate to the renovation businesses.

Significant changes in the number of employees. As of December 31, 2004, we had 1 employee. We are dependent upon Steve W. Carnes our sole officer and director. We will need to hire full time operational staff as our operations commence and we complete anticipated acquisitions.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.

FACTORS THAT MAY AFFECT OUR PLAN OF OPERATION

Renovo has historically lost money and losses may continue in the future, which may cause us to curtail operations.

Since our inception we have not been profitable and have lost money on both a cash and non-cash basis. For the years ended December 31, 2004 and December 31, 2003 we incurred net losses of $1,099,313 and $313,527 respectively. Our accumulated deficit at the end of December 30, 2004 was $1,443,765. Future losses are likely to occur, as we are dependent on spending money to pay for our operations. No assurances can be given that we will be successful in reaching or maintaining profitable operations. Accordingly, we may experience liquidity and cash flow problems. If our losses continue, our ability to operate may be severely impacted.

Renovo may need to raise additional capital or debt funding to sustain operations.

Unless we can become profitable with the existing sources of funds we have available and our operations, we will require additional capital to sustain operations and we may need access to additional capital or additional debt financing to grow our sales. In addition, to the extent that we have a working capital deficit and cannot offset the deficit from profitable sales or the Cornell line of credit we may have to raise capital to repay the deficit and provide more working capital to permit growth in revenues. We cannot be assured that financing, whether from external sources or related parties, will be available if needed or on favorable terms. Our inability to obtain adequate financing will result in the need to reduce the pace of business operations and the search for acquisition candidates. Any of these events could be materially harmful to our business and may result in a lower stock price.

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We have been the subject of a going concern opinion for the years ended December 31, 2004 and December 31, 2003 from our independent auditors, which means that we may not be able to continue operations unless we can become profitable or obtain additional funding.

Our independent auditors have added an explanatory paragraph to their audit opinions issued in connection with our financial statements for the years ended December 31, 2004 and December 31, 2003, which states that the financial statements raise substantial doubt as to our ability to continue as a going concern. Our ability to make operations profitable or obtain additional funding will determine our ability to continue as a going concern. Our financial statements do not include any adjustments that might result from the outcome of this uncertainty. We expect to be able to continue operations for twelve months with the cash currently on hand, and from the Securities Purchase Agreement and the Equity Distribution Agreement entered into by the Company and Cornell Capital Partners, executed on April 14, 2004.

We are subject to a working capital deficit, which means that our current assets on December 31, 2004, were not sufficient to satisfy our current liabilities and, therefore, our ability to continue operations is at risk.

We had a working capital deficit for the year ended December 31, 2004, which means that our current liabilities exceeded our current assets on December 31, 2004 by $608,161. Current assets are assets that are expected to be converted to cash within one year and, therefore, may be used to pay current liabilities as they become due. Our working capital deficit means that our current assets on December 31, 2004, were not sufficient to satisfy all of our current liabilities on those dates. If our ongoing operations do not begin to provide sufficient profitability to offset the working capital deficit, we may have to raise capital or debt to fund the deficit or curtail future operations.

Our common stock may be affected by limited trading volume and may fluctuate significantly, which may affect our stockholders` ability to sell shares of our common stock.

Prior to this filing, there has been a limited public market for our common stock and there can be no assurance that a more active trading market for our common stock will develop. An absence of an active trading market could adversely affect our stockholders` ability to sell our common stock in short time periods, or possibly at all. Our common stock has experienced, and is likely to experience in the future, significant price and volume fluctuations, which could adversely affect the market price of our common stock without regard to our operating performance. In addition, we believe that factors such as quarterly fluctuations in our financial results and changes in the overall economy or the condition of the financial markets could cause the price of our common stock to fluctuate substantially. These fluctuations may also cause short sellers to enter the market from time to time in the belief that we will have poor results in the future. We cannot predict the actions of market participants and, therefore, can offer no assurances that the market for our stock will be stable or appreciate over time. These factors may negatively impact our stockholders` ability to sell shares of our common stock.

Our common stock is deemed to be a low priced "Penny Stock," which may make it more difficult for investors to sell their shares due to suitability requirements.

Our common stock is deemed to be a "penny stock" as that term is defined in Rule 3a51-1 promulgated under the Securities Exchange Act of 1934. These requirements may reduce the potential market for our common stock by reducing the number of potential investors. This may make it more difficult for investors in our common stock to sell shares to third parties or to otherwise dispose of them. This could cause our stock price to decline. Penny stocks are stock:

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With a price of less than $5.00 per share;

That are not traded on a "recognized" national exchange;

Whose prices are not quoted on the NASDAQ automated quotation system (NASDAQ listed stock must still have a price of not less than $5.00 per share); or

In issuers with net tangible assets less than $2.0 million (if the issuer has been in continuous operation for at least three years) or $10.0 million (if in continuous operation for less than three years), or with average revenues of less than $6.0 million for the last three years.

Broker/dealers dealing in penny stocks are required to provide potential investors with a document disclosing the risks of penny stocks. Moreover, broker/dealers are required to determine whether an investment in a penny stock is a suitable investment for a prospective investor.

We could fail to attract or retain key personnel, which could be detrimental to our operations.

Our success largely depends on the efforts and abilities of Stephen W. Carnes, our sole Officer and Director. The loss of the services of Mr. Carnes could materially harm our business because of the cost and time necessary to find a successor. Such a loss would also divert management attention away from operational issues. We do not presently maintain key-man life insurance policies on Mr. Carnes. We do not have other key employees who manage our operations. To the extent that we are smaller than our competitors and have fewer resources, we may not be able to attract a sufficient number and quality of staff, when required.

We may acquire assets or other businesses in the future.

We may consider acquisitions of other assets or other business. Any acquisition involves a number of risks that could fail to meet our expectations and adversely affect our profitability. For example:

The acquired assets or business may not achieve expected results;

We may incur substantial, unanticipated costs, delays or other operational or financial problems when integrating the acquired assets;

We may not be able to retain key personnel of an acquired business;

Our management`s attention may be diverted; or

Our management may not be able to manage the acquired assets or combined entity effectively or to make acquisitions and grow our business internally at the same time.

If these problems arise we may not realize the expected benefits of an acquisition.

Our limited operating history makes it difficult to forecast our future results.

As a result of our limited operating history, our historical financial and operating information is of limited value in predicting our future operating results. We may not accurately forecast customer behavior and recognize or respond to emerging trends, changing preferences or competitive factors facing us, and, therefore, we may fail to make accurate financial forecasts. Our current and future expense levels are based largely on our investment plans and estimates of future revenue. As a result, we may be unable to adjust our spending in a timely manner to compensate for any unexpected revenue shortfall, which could force us to curtail or cause us to terminate our business operations.

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Risks Associated with the Standby Equity Distribution Agreement with Cornell Capital Partners, L.P.

Our obligations under the secured convertible debentures are secured by all of our assets.

Our obligations under the secured debentures, issued to Cornell Capital Partners are secured by all of our assets. As a result, if we default under the terms of the secured debentures, Cornell Capital Partners could foreclose its security interest and liquidate all of the assets of the Company. This would cease operations.

Existing stockholders will experience significant dilution from our sale of shares under the Equity Distribution Agreement.

The sale of shares pursuant to the Equity Distribution Agreement will have a dilutive impact on our stockholders. As a result our net income per share could decrease in future periods, and the market price of our common stock could decline. In addition, the lower our stock price, the more shares of common stock we will have to issue in order to receive the maximum cash advance allowed under the Equity Distribution Agreement. If our stock price is lower, then our existing stockholders would experience greater dilution.

The sale of our stock under our equity distribution agreement could encourage short sales by third parties, which could contribute to the future decline of our stock price.

In many circumstances the provision of financing based on the distribution of equity for companies that are traded on the Over-the-Counter Bulletin Board has the potential to cause a significant downward pressure on the price of common stock. This is especially the case if the shares being placed into the market exceed the market`s ability to take up the increased stock or if the Company has not performed in such a manner to show that the equity funds raised will be used to grow the Company. Such an event could place further downward pressure on the price of common stock. Under the terms of our Equity Distribution Agreement, we may request numerous cash advances. Even if we use the cash advances to grow our revenues and profits or invest in assets that are materially beneficial to us, the opportunity exists for short sellers and others to contribute to the future decline of our stock price. If there are significant short sales of stock, the price decline that would result from this activity will cause the share price to decline more so which in turn may cause long holders of the stock to sell their shares thereby contributing to sales of stock in the market. If there is an imbalance on the sell side of the market for the stock the price will decline. It is not possible to predict if the circumstances whereby short sales could materialize or to what the share price could drop. In some companies that have been subjected to short sales the stock price has dropped to near zero. This could happen to our stock.

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We may not be able to access sufficient funds under the Equity Line of Credit when needed.

We are dependent on external financing to fund our operations. Our financing needs are expected to be partially provided from the Equity Distribution Agreement and the additional secured convertible debentures to be purchased by Cornell Capital Partners. No assurances can be given that such financing will be available in sufficient amounts or at all when needed, in part, because we are limited to a maximum cash advance of $200,000 during any seven trading day period. In addition, based on an assumed offering price of $0.016 per share, we will only be able to draw a total net amount of $3,667,500 under the Equity Distribution Agreement. This net amount will utilize all of the 250,000,000 shares of our common stock registered for the Equity Distribution Agreement under our registration statement filed on June 30, 2004. If the actual average price at which we sell shares of common stock under the Equity Distribution Agreement is less than $0.016 per share, we would need to register additional shares to fully utilize the funds available under the Equity Distribution Agreement. Based on the assumed offering price of $0.016 per share, we would have to issue to Cornell Capital Partners 315,565,566 shares in order to receive the entire $5,000,000 available to us under the Equity Distribution Agreement.

We may not be able to obtain a cash advance under the equity distribution agreement if Cornell Capital Partners holds more than 9.9% of our common stock.

In the event Cornell Capital Partners holds more than 9.9% of our then-outstanding common stock, we will be unable to obtain a cash advance under the Equity Distribution Agreement. A possibility exists that Cornell Capital Partners may own more than 9.9% of our outstanding common stock at a time when we would otherwise plan to make an advance under the Equity Distribution Agreement. In that event, if we are unable to obtain additional external funding or generate revenues from operations, we could be forced to curtail or cease our operations.

ITEM 7. FINANCIAL STATEMENTS.

See Index to Financial Statements and Financial Statement Schedules appearing on page F-1 through F-16 of this Form 10-KSB.

ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.

We have had no disagreements with our independent auditors on accounting or financial disclosures.

ITEM 8.A. CONTROLS AND PROCEDURES.

We maintain disclosure controls and procedures designed to ensure that information required to be disclosed in reports filed under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the specified time periods. As of the end of the period covered by this report, Steven W. Carnes, our Chief Executive Officer and Principal Financial Officer evaluated the effectiveness of our disclosure controls and procedures. Based on the evaluation, which disclosed no significant deficiencies or material weaknesses, Mr. Carnes, our Chief Executive Officer and Principal Financial Officer concluded that our disclosure controls and procedures are effective. There were no changes in our internal control over financial reporting that occurred during the most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

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ITEM 8.B. OTHER INFORMATION.

None.

PART III

ITEM 9 DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS; COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT.

The following table sets forth the name and positions of the executive officer and director of the Company. Directors will be elected at our annual meeting of stockholders and serve for one year or until their successors are elected and qualified. Officers are elected by the Board and their terms of office are, except to the extent governed by employment contract, at the discretion of the Board.

Name Age
Positions and Offices held

Stephen W. Carnes 41
CEO, President, Secretary/Treasurer and Director

Duties, Responsibilities and Experience

Stephen W. Carnes, age 41, is Chief Executive Officer, President, Secretary/Treasurer and Director of the Company. Mr. Carnes is also the President, CEO and a director of Signature Leisure, Inc., a publicly traded company trading on the OTC Bulletin Board. From 2000 to 2003, Mr. Carnes was founder and co-owner of a private public relations firm that assisted companies with marketing and public relations. From 1998 to 2003, Mr. Carnes has been self-employed as an independent manufacturers representative acting as an outside sales representative for various companies. From 1982 thru 1986, Mr. Carnes attended Indiana University at Fort Wayne, Indiana and received a B.S. degree in Business Administration.

Election of Directors and Officers.

Directors are elected to serve until the next annual meeting of stockholders and until their successors have been elected and qualified. Officers are appointed to serve until the meeting of the Board of Directors following the next annual meeting of stockholders and until their successors have been elected and qualified.

No Executive Officer or Director of the Corporation has been the subject of any Order, Judgment, or Decree of any Court of competent jurisdiction, or any regulatory agency permanently or temporarily enjoining, barring suspending or otherwise limiting him from acting as an investment advisor, underwriter, broker or dealer in the securities industry, or as an affiliated person, director or employee of an investment company, bank, savings and loan association, or insurance company or from engaging in or continuing any conduct or practice in connection with any such activity or in connection with the purchase or sale of any securities.

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No Executive Officer or Director of the Corporation has been convicted in any criminal proceeding (excluding traffic violations) or is the subject of a criminal proceeding which is currently pending.

No Executive Officer or Director of the Corporation is the subject of any pending legal proceedings.

Section 16(a) Beneficial Ownership Reporting Compliance

Section 16(a) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), requires our executive officers and directors, and persons who beneficially own more than ten percent of our common stock, to file initial reports of ownership and reports of changes in ownership with the SEC. Executive officers, directors and greater than ten percent beneficial owners are required by SEC regulations to furnish us with copies of all Section 16(a) forms they file. Based upon a review of the copies of such forms furnished to us and written representations from our executive officers and directors, we believe that during the year ended 2004, Stephen W. Carnes filed all forms 3, forms 4 and forms 5 on a timely basis.

Audit Committee and Financial Expert

We do not have an Audit Committee, Stephen W. Carnes, our sole director, performs some of the same functions of an Audit Committee, such as: recommending a firm of independent certified public accountants to audit the annual financial statements; reviewing the independent auditors independence, the financial statements and their audit report; and reviewing management`s administration of the system of internal accounting controls. The Company does not currently have a written audit committee charter or similar document.

We have no financial expert. We believe the cost related to retaining a financial expert at this time is prohibitive. Further, because of our start-up operations, we believe the services of a financial expert are not warranted.

Code of Ethics

A code of ethics relates to written standards that are reasonably designed to deter wrongdoing and to promote:

Honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships;

Full, fair, accurate, timely and understandable disclosure in reports and documents that are filed with, or submitted to, the Commission and in other public communications made by an issuer;

Compliance with applicable governmental laws, rules and regulations;

The prompt internal reporting of violations of the code to an appropriate person or persons identified in the code; and

Accountability for adherence to the code.

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We have not adopted a corporate code of ethics that applies to our principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions in that our sole officer and director serves in all the above capacities.

Our decision to not adopt such a code of ethics results from our having only one officer and director operating as the sole management for the Company. We believe that as a result of the limited interaction, which occurs having a sole officer/director for the Company eliminates the current need for such a code, in that violations of such a code would be reported to the party generating the violation.

Nominating Committee

We do not have a Nominating Committee or Nominating Committee Charter. Stephen W. Carnes, our sole director, performs some of the functions associated with a Nominating Committee. We have elected not to have a Nominating Committee in that we are a development stage company with limited operations and resources.

ITEM 10. EXECUTIVE COMPENSATION.

The following table sets forth the cash compensation of the Company`s executive officer and director during the last fiscal year of the Company. The remuneration described in the table does not include the cost to the Company of benefits furnished to the named executive officers, including premiums for health insurance and other benefits provided to such individual that are extended in connection with the conduct of the Company`s business.

Summary Compensation Table

Annual Compensation
Long Term

Compensation

Name and Principal Position
Year
Salary

Paid
Accumulative

Accrual (2)
Other

Annual Compensation
Restricted Stock (3)
Options
Other

Stephen W. Carnes, President (1)
2004
$-0-
$356,706.65
-0-
-0-
-0-
-0-

2003
$-0-
$107,667
-0-
$67,500
-0-
-0-


Mr. Carnes was appointed officer and director of the Company on July 15, 2003.

Mr. Carnes agreed to accrue such portions of his salary as deemed relevant by the board of directors until such time as the Company is adequately capitalized and able to pay such salary. Total accruals include $11,900 in accrued automobile allowance, and accrued salary of $344,166.65. Additionally, Mr. Carnes has advanced $640.01 to the Company which is not indicated in the above Table, however is an accrued reimbursement.

Concurrent with joining the Company Mr. Carnes was issued 45,000,000 (post split) shares of common restricted stock of the Company which were valued, at the time by the Company at $67,500. This issuance is not considered to be a recurring expense.

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Employment Agreement

On September 3, 2003, we entered into an Employment Agreement with Stephen W. Carnes, wherein Mr. Carnes agreed to serve as the Chairman of the Board, President and Chief Executive Officer of the Company. The term of the Agreement is for a period of three years, it commenced on August 1, 2003 and will expire on July 31, 2006. We agreed to pay Mr. Carnes a salary at an annual rate equal to the sum of $250,000. A bonus in the amount of $500,000 will be paid to Mr. Carnes upon successfully completing the opening or merger/acquisition of our first operating business unit. A bonus of $250,000 will be compensated to Mr. Carnes for each additional merger and/or acquisition and/or business unit start-up Mr. Carnes brings to the Company. Mr. Carnes will also receive an automobile allowance of $700 per month. Mr. Carnes has agreed to accrue such portions of his salary as deemed relevant by the board of directors until such time as the Company is adequately capitalized and able to pay such salary.

Termination of Employment

There are no compensatory plans or arrangements, other than those described above, including payments to be received from the Company, with respect to any person named in Cash Consideration set out above which would in any way result in payments to any such person because of his resignation, retirement, or other termination of such person`s employment with the Company or its subsidiaries, or any change in control of the Company, or a change in the person`s responsibilities following a change in control of the Company.

Compensation of Directors

All directors will be reimbursed for expenses incurred in attending Board or committee, when established, meetings.

ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT.

The following table presents information, to the best of our knowledge, about the beneficial ownership of our common stock on March 1, 2005 relating to the beneficial ownership of our common stock by those persons known to beneficially own more than 5% of our capital stock and by our director and executive officer. The percentage of beneficial ownership for the following table is based on 214,149,409 shares of common stock outstanding.

Beneficial ownership is determined in accordance with the rules of the Securities and Exchange Commission and does not necessarily indicate beneficial ownership for any other purpose. Under these rules, beneficial ownership includes those shares of common stock over which the stockholder has sole or shared voting or investment power. It also includes shares of common stock that the stockholder has a right to acquire within 60 days through the exercise of any option, warrant or other right. The percentage ownership of the outstanding common stock, however, is based on the assumption, expressly required by the rules of the Securities and Exchange Commission, that only the person or entity whose ownership is being reported has converted options or warrants into shares of our common stock.

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Security Ownership of Management

Name of Beneficial Owner (1)
Number

of Shares
Percent

Beneficially

Owned (2)

Stephen W. Carnes

4185 West Lake Mary Blvd., Ste. 137

Lake Mary, Florida 32746

45,000,000

21%

Director & Officer
45,000,000
21%


As used in this table, "beneficial ownership" means the sole or shared power to vote, or to direct the voting of, a security, or the sole or shared investment power with respect to a security (i.e., the power to dispose of, or to direct the disposition of, a security).

Rounded to the nearest whole percentage.

Security Ownership of Certain Beneficial Owners



Name of Beneficial Owner (1)
Number

of Shares
Percent

Beneficially

Owned (2)

Cornell Capital Partners LP

101 Hudson St., Ste. 3700

Jersey City, NJ 07302

10,526,315

5%

Beneficial Owner
10,526,315
5%


As used in this table, "beneficial ownership" means the sole or shared power to vote, or to direct the voting of, a security, or the sole or shared investment power with respect to a security (i.e., the power to dispose of, or to direct the disposition of, a security).

Rounded to the nearest whole percentage.

ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

Employment Agreement with Steve Carnes

On September 3, 2003, we entered into an Employment Agreement with Stephen W. Carnes, wherein Mr. Carnes agreed to serve as the Chairman of the Board, President and Chief Executive Officer of the Company. The term of the Agreement is for a period of three years, it commenced on August 1, 2003 and will expire on July 31, 2006. We agreed to pay Mr. Carnes a salary at an annual rate equal to the sum of $250,000. A bonus in the amount of $500,000 will be paid to Mr. Carnes upon successfully completing the opening or merger/acquisition of our first operating business unit. A bonus of $250,000 will be compensated to Mr. Carnes for each additional merger and/or acquisition and/or business unit start-up Mr. Carnes brings to the Company. Mr. Carnes will also receive an automobile allowance of $700 per month. Mr. Carnes has agreed to accrue such portions of his salary as deemed relevant by the board of directors until such time as the Company is adequately capitalized and able to pay such salary.

Reimbursements/ Salary Accrued

As of December 31, 2004, Mr. Carnes had accrued reimbursements of $640.01, accrued salary of $344,166.65 and accrued auto allowance of $11,900.

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ITEM 13. EXHIBITS.

(a) Exhibits

31* Certification pursuant to Section 302 of the Sarbanes-Oxley Act
32* Certification pursuant to Se

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RENOVO HOLDINGS: 8-K, Sub-Doc 1 BACK PRINT THIS PAGE CLOSE WINDOW
UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington D.C., 20549



Form 8-K



CURRENT REPORT



Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934



Date of Report (Date of earliest event reported) August 12, 2005

__________________________________________________



RENOVO HOLDINGS

(Exact name of registrant as specified in its charter)

__________________________________________________



Nevada

000-49634

88-0475756

(State of other jurisdiction of

(Commission

(I.R.S. Employer

incorporation or organization)

File Number)

Identification No.)






100 Candace Drive



Suite 100



Maitland, Florida

32751

(Address of Principal Executive Offices)

(Zip Code)




Registrant’s telephone number, including are code: [phone]



Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:



o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)



o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)



o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))



o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))






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Section 4 – Matters Related to Accountants and Financial Statements



Item 4.01 Changes in Registrant’s Certifying Accountant.



On August 12, 2005, the Registrant dismissed Beckstead and Watts, LLP as its independent auditor and appointed Jaspers + Hall, PC, as their independent accountants for the year ending December 31, 2005. This is a change of accountants recommended and approved by the Registrant’s sole officer and director. During the most recent two fiscal years and the portion of time preceding the decision to engage Jaspers + Hall, PC, neither the Registrant nor anyone engaged on its behalf has consulted with Jaspers + Hall, PC regarding (i) either the application of accounting principals to a specified transaction, either completed or proposed; or the type of audit opinion that might be rendered on the Registrant’s financial statements; or (ii) any matter that was either the subject of a disagreement (as defined in Item 304(a)(10(iv) of Regulation S-B) or a reportable event.



The audit reports issued by Beckstead and Watts, LLP with respect to the Registrant’s financial statements for the fiscal years ended December 31, 2004 and 2003 did not contain an adverse opinion or disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope, or accounting principals. From October 18, 2000 (inception) through August 12, 2005, when Beckstead and Watts, LLP was dismissed as the Registrant’s independent account, there were no disagreements between the Registrant and Beckstead and Watts, LLP on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Beckstead and Watts, LLP would have caused it to make a reference to the subject matter of the disagreement in connection with its audit report.



The change in accountants does not result from any dissatisfaction with the quality of professional services rendered by Beckstead and Watts, LLP, as the independent accounts of the Registrant.



Section 9 – Financial Statements and Exhibits



Item 9.01 Financial Statements and Exhibits



EXHIBITS



(16)
Letter from Beckstead and Watts, LLP














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SIGNATURES



Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.



RENOVO HOLDINGS



By: /s/Stephen W. Carnes



Stephen W. Carnes, President







Date: August 16, 2005





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[SlayGrosswildjaeger]

RENOVO HOLDINGS: 10KSB/A, Sub-Doc 1 BACK PRINT THIS PAGE CLOSE WINDOW
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



FORM 10-KSB/A

(Amendment No. 1)



x ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934



For the fiscal year ended: December 31, 2003



o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934



Commission file number: 000-49634



RENOVO HOLDINGS

(Formerly Fortis Enterprises)

(Name of small business issuer in its charter)



Nevada

88-0475756

(State or other jurisdiction of

(I.R.S. Employer

incorporation)

Identification No.)




100 Candace Drive, Suite 100



Maitland, Florida

32751

(Address of principal executive offices)

(zip code)




Issuer`s Telephone Number:
[phone]




Securities registered under Section 12(b) of the Exchange Act: None



Securities registered under Section 12(g) of the Exchange Act:



Common Stock, $0.001 par value

(Title if Class)



Check whether the registrant (a) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (b) has been subject to such filing requirements for the past 90 days. Yes X No



Check if there is no disclosure of delinquent filers pursuant to Item 405 of Regulation S-B is not contained herein, and will not be contained, to the best of registrant`s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [ ]






--------------------------------------------------------------------------------





The number of shares of Common Stock, $0.001 par value, outstanding on March 22, 2004, was 66,731,793 shares, held by approximately 42 stockholders.



The issuer’s revenues for its most recent fiscal year ended December 31, 2003 were $-0-.



The aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the average bid and ask price, as of March 22, 2004 was $651,953.79 based on a share value of $0.03.



Transitional Small Business Disclosure Format (check one): Yes __ No X



EXPLANATORY NOTE:



This amendment is being filed to revise our Statement of Cash Flows on page F-5.






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FORTIS ENTERPRISES

(A DEVELOPMENT STAGE COMPANY)

FOR THE FISCAL YEAR ENDED

December 31, 2003



Index to Report

on Form 10-KSB





PART I
Pages




Item 1.
Description of Business
1-5

Item 2.
Description of Property
5

Item 3.
Legal Proceedings
5

Item 4.
Submission of Matters to a Vote of Security Holders
5-6




PART II



Item 5.
Market for Registrant’s Common Equity and Related Stockholder Matters
6-9

Item 6.
Plan of Operation
9-12

Item 7.
Financial Statements and Supplementary Data
12

Item 8.
Changes in and Disagreements With Accountants on Accounting and Financial Disclosure


12

Item 8A.
Controls and Procedures
12-13




PART III



Item 9.
Directors and Executive Officers of the Registrant
13-17

Item 10.
Executive Compensation
17-19

Item 11.
Security Ownership of Certain Beneficial Owners and Management
19

Item 12.
Certain Relationships and Related Transactions
19-20

Item 13.
Exhibits, Financial Statement Schedules and Reports on Form 8-K
20-21

Item 14.
Principal Accountant Fees and Services
21-22









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This form 10-KSB contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements are necessarily based on certain assumptions and are subject to significant risks and uncertainties. These forward-looking statements are based on management`s expectations as of the date hereof, and the Company does not undertake any responsibility to update any of these statements in the future. Actual future performance and results could differ from that contained in or suggested by these forward-looking statements as a result of factors set forth in this Form 10-KSB (including those sections hereof incorporated by reference from other filings with the Securities and Exchange Commission), in particular as set forth in the "Plan of Operation" under Item 6.



In this filing references to “Company,” “we,” “our,” and/or “us,” refers to Fortis Enterprises.



PART I



ITEM 1.
DESCRIPTION OF BUSINESS




(a) General Business Development



Fortis Enterprises is a Development Stage Company, originally incorporated in the State of Nevada on October 18, 2000 under the name First Impressions. We were initially organized to develop a business as an online retailer and distributor of perfume fragrances, bath products and related products, with some items specifically designed for First Impressions.



On July 14, 2003, we amended our Articles of Incorporation changing our name from First Impressions to Fortis Enterprises. The Board of Directors determined that the name, “First Impressions” was limiting the Company’s ability to pursue the expansion of our business into other marketing arenas and felt that the name Fortis Enterprises was more generic and allows for more flexibility in the future expansion of business opportunities. We also increased the total amount of authorized common stock from 50,000,000 shares to 100,000,000 shares.



On July 15, 2003, our board of directors approved the cancellation of 60,000,000 (post split) shares of common stock held by three of our major stockholders. Concurrently we issued 45,000,000 (post split) shares of common stock to Mr. Stephen W. Carnes as consideration for his business expertise and his business concept of establishing a national network of commercial and residential restoration service companies, his serving on the Board of Directors, and assuming the liability of being an officer and director of a publicly trading and reporting Company.



Prior to the cancellations and issuances, we had a total of 80,000,000 (post split) shares of common stock issued and outstanding. The canceling stockholders held approximately 75% of the issued and outstanding common stock. The cancellations and issuance resulted in 65,000,000 (post split) shares of common stock to be issued and outstanding with approximately 69% of those shares being held by Mr. Carnes. Mr. Carnes’ percentage ownership of the Company’s common stock and his position as sole director of the Company allows him to exercise control of the Company.





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On November 25, 2003, we received a letter from counsel for Fortis (NL) N.V. Corporation, wherein he requested we change our corporate name in order to avoid infringement on their trade name. We voluntarily decided to cease the use of the name within a reasonable period of time. Under Nevada law, we are required to have a stockholder vote in order to amend our Articles of Incorporation to change our name, which in turn causes us to comply with the proxy rules of section 14(a) of the 34 Act. We are currently in the process of filing a notice for our annual meeting and we intend to solicit proxies to change our corporate name.



(b) Our Business



Our Principal Services and their Markets



We are posturing our Company to provide complete loss management and restoration services to residential, commercial, industrial, and institutional properties. Initially, we are seeking to establish our Company in the Florida market, with the ability to expedite the recovery process, with the eventual capability of responding to loss and restoration across the United States.



After completing an analysis of the loss and restoration markets, we believe we can capitalize upon the niche market opportunities within the residential and commercial restoration services markets. We believe that we can achieve revenue growth, by “rolling up” smaller, individually owned restoration companies under our “umbrella” as the parent company.



As we acquire restoration companies, we intend to formulate a business plan that is based upon a loss/recovery/restoration team (LRR-Team) coordinating complex efficient mobilization, which possesses logistic expertise both locally and nationally. The LRR-Team is being designed by us to follow a specific proven process when responding to, assessing, and restoring a damaged property. In our acquisition mode, we are seeking to acquire only the industry’s top talent for this team, including individuals with expertise in insurance, claims negotiation, construction, mitigation, and project management.



With the mobilization LRR-Team which we are establishing, whether the property is a residential, office building, industrial building, or institutional building, we intend to be set up to efficiently mobilize our team to handle a loss, anywhere in the country, at any time. Once we acquire the planned expertise, our scope of services and in-depth knowledge is intended to enable us to restore any type of property, regardless if damaged by fire, water, mold, or any type of natural disaster. We plan to utilize information technology to assist in the evaluation of the loss and determination of the magnitude of the restoration or recovery and create verifiable status reports.



Our plan includes setting up an Information Technology (IT) director to handle the electronic dissemination of information through the Internet and through our own to be developed Intranet site. We intend to be able to provide our clients with real-time electronic information including account information, insurance information, cost estimation, and remedial and restoration updates via the electronic transmission of text and electronic imaging of the restoration project.



Our services will initially focus on the following restoration markets:






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•
Water – Water can have devastating consequences if not treated quickly and properly. Typical causes of water damage include fire, weather, burst pipes, and sewage overflow. Damage will occur if the water is not quickly and properly extracted, and the salvageable property thoroughly dried and disinfected. Our LRR-Team will take an organized, phased approach to mitigate water damage, beginning with a through assessment, mitigation plan, removal of contents, extraction of standing water, dehumidification, mold inhibitor infusion, and in many cases, reconstruction.




•
Fire- Residual effects of fire, other than the loss of the burned or smoke damaged area include water damage, and soot. Acidic soot residues stain plastic surfaces, grout, and porous stones. Documents and books that survive a fire, receive additional damage due to discoloration from soot, smoke and water. Our Team will have expertise in the most modern techniques and chemicals to remove and mitigate the damages caused as a result of the fire.




•
Technical Cleaning – Sensitive equipment can be permanently damaged if the right restoration techniques are not utilized. Our team will be highly trained in the remediation and restoration of equipment damaged from fire, chemical spill, water or other types of losses.




•
Mold – Mold is a member of the fungi family and can be found almost anywhere, gradually destroying the very material on which it grows. Molds thrive in damp, dark places, and can be found in, water damaged basements, storage areas, wood, insulation, and carpets. The effects of mold on an individual can range from mild to severe, and may even be toxic. Our Team will utilize the state-of-the-art technology including portable air scrubbers, digital measurement devices, and chemical cleaners in the mold remediation.




Distribution Methods of the Services.



As a result of our recent change in management and direction, until such time as we complete an acquisition, we do not anticipate the establishment of an independent method for the distribution of our services. Our plan is to distribute our services through acquired businesses.



Competitive Business Conditions.



There are many companies that offer loss, restoration, and remediation services. Our competitors include:



•
General Contractors, some of which maintain toll-free numbers;

•
Subcontractors;


•
Insurance sanctioned remediation companies;


•
Specialty Cleaning Services; and


•
Loss, restoration and remediation companies.






Each of these categories encompasses a wide range of services and is highly fragmented.





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Competition is intense and we expect it to increase. Increased competition could result in:




•
price reductions, decreased revenue and lower profit margins;

•
inability to gain market share;


•
loss of market share once, and if gained; and


•
increased marketing expenditures.






As a result of our competition targeting our same market; individuals and corporate entities interested in our loss, restoration, and remediation services, we will only be able to distinguish our services as the result of our advertising programs and ultimately quality and efficiency of service. Our goal is to determine methods by which we can maximize contacts with major insurance carriers. We do not anticipate distinguishing our services from other like services available in the market in the near future.



Governmental Regulations



Many governmental regulations may impact our business, which could affect our ability to conduct business. Any new law or regulation, or the application or interpretation of existing laws, may decrease our ability to conduct business across state lines. We expect there will be an increasing number of laws and regulations pertaining to the use of chemicals in the restoration services area. These laws or regulations may relate to liability for chemical use in violation of the rules promulgated by the Environmental Protection Agency. This could decrease the demand for our services, increase our costs or otherwise adversely affect our business.



In addition, we cannot predict whether new legislation or regulations governing our activities will be enacted by legislative bodies or promulgated by agencies regulating our activities, or what the effect of any such legislation or regulations on our business would be.



Costs and Effects of Compliance with Environmental Laws.



Environmental laws affect the types of chemicals and products utilized in the restoration services that we intend to provide. In most cases the chemicals will be off the shelf types of products pre-approved for the sale in the United States. At this time we do not anticipate utilizing any products not approved for use or resale in the United States.



Intellectual Properties



We regard the protection of our copyrights, service marks, trademarks, and trade secrets as critical to our future success and will rely on a combination of copyright, trademark, service mark and trade secret laws and contractual restrictions to establish and protect our proprietary rights in products and services. We plan to enter into confidentiality agreements with our to be acquired operators, consultants and strategic partners in order to limit access to and disclosure of our proprietary information. These contractual arrangements or the other steps taken by us to protect our intellectual property may not prove sufficient to prevent misappropriation of our technology or to deter independent third-party development of similar technologies. We plan to pursue the registration of our trademarks and service marks in the United States.





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Employees



As of December 31, 2003, we had one employee. We anticipate the assumption of employment base from the companies, which we intend to acquire in the future. In addition to that employment base, we anticipate hiring an executive secretary and chief financial officer. None of such personnel will be covered by a collective bargaining agreement.



Reports to Stockholders



We are subject to the informational requirements of the Securities Exchange Act of 1934, as amended. Our securities are registered under the Exchange Act, we file supplementary and periodic information, documents and reports that are required under section 13 of the Securities Act of 1933, as amended, with the Securities and Exchange Commission. Such reports, proxy statements and other information will be available through the Commission’s Electronic Data Gathering Analysis and Retrieval System which is publicly available through the Commission’s website (http://www.sec.gov).



We intend to furnish annual reports to stockholders, which will include audited financial statements reported on by our Certified Public Accountants. In addition, we will issue un-audited quarterly or other interim reports to stockholders, as we deem appropriate.



ITEM 2.
DESCRIPTION OF PROPERTY




Our executive office is located at 1111 N. Orlando Ave., Winter Park, Florida 32789, which is provided to us at no cost by Signature Leisure, Inc., on a month to month basis. The CEO of Signature Leisure is Stephen Carnes, the CEO of Fortis. The facilities are minimal in space, and are considered temporary until such time as we complete our initial acquisition as further described herein. In the future we anticipate requiring additional office space and additional personnel; however it is unknown at this time how much space or how many individuals will be required.



ITEM 3.
LEGAL PROCEEDINGS




On November 4, 2003, Suburban Capital Corporation (“SCC”), a Delaware corporation, filed a complaint with the United States District Court for the Northern District of Illinois, Eastern Division, against Fortis, alleging that on or about September of 2003, Fortis approached SCC and allegedly entered into an oral agreement for the purpose of hiring them to provide introductions to potential partners, along with other business consulting services. SCC is seeking $350,000 in damages.



Our management denies the existence of any agreement with SCC and plans to aggressively defend the Company against this frivolous action.



ITEM 4.
SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS




During the last quarter of 2003, we did not submit any matters to vote to our security holders.





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Subsequent Event



We are in the process of filing for our annual meeting and we will solicit proxies to; (i) change our name, (ii) increase our authorized common stock to 500,000,000 shares of common stock; (iii) elect new director(s); and (iv) ratify our auditors.



PART II



ITEM 5.
MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS




Reports to Security Holders. We are a reporting company with the Securities and Exchange Commission, or SEC. The public may read and copy any materials filed with the SEC at the SEC’s Public Reference Room at 450 Fifth Street N.W., Washington, D.C. 20549. The public may also obtain information on the operation on the Public Reference Room by calling the SEC at 1-800-SEC-0330. The SEC maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC. The address of that site is http://www.sec.gov.



(a) Market Information



Since April 23, 2003, we have been eligible to participate in the OTC Bulletin Board, an electronic quotation medium for securities traded outside of the Nasdaq Stock Market, and prices for our common stock are published on the OTC Bulletin under the trading symbol “FRTE”. This market is extremely limited and the prices quoted are not a reliable indication of the value of our common stock. As of March 29, 2004 the closing bid price was $0.032.



The following table sets forth the quarterly high and low bid prices for our common stock since we have been eligible to participate in the OTC Bulletin Board as reported by the National Quotations Bureau. The quotations reflect inter-dealer prices, without retail mark-up, markdown or commission, and may not necessarily represent actual transactions.




2003


High
Low

1st Quarter
Not Trading
Not Trading

2nd Quarter
0.02
0.015

3rd Quarter
0.41
0.24

4th Quarter
0.19
0.10






* On July 24, 2003, the Company enacted a 4:1 forward split of all of the Company’s issued and outstanding common stock as of July 21, 2003.



(b) Holders of Common Stock



As of March 22, 2004, we had approximately 42 shareholders of record of the 66,731,793 shares outstanding.





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(c) Dividends



The Board of Directors has not declared any dividends due to the following reasons:



1.
The Company has not yet adopted a policy regarding payment of dividends;

2.
The Company does not have any money to pay dividends at this time;


3.
The declaration of a cash dividend would result in an impairment of future working capital; and

4.
The Board of Directors will not approve the issuance of a stock dividend.




(d) Securities Authorized for Issuance under Equity Compensation Plans



The following table includes the Company’s equity compensation plans effective as of December 31, 2003.



Equity Compensation Plan Information

Plan Category
Number of securities to be issued upon exercise of outstanding options, warrants and rights







(a)
Weighted-average exercise price of outstanding options, warrants and rights









(b)
Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)

(c)

Equity compensation plans approved by security holders


None


None


None

Equity compensation plans not approved by security holders


3,000,000


$0.1231


2,122,938

Total
3,000,000
$0.1231
2,122,938


(1) Shares are issuable under a Consultant and Employee stock Compensation Plan effective August 20, 2003. To date 877,062 shares have been issued under the Plan. All of the shares issuable under the Plan were registered on Form S-8 on August 26, 2003. A copy of the Plan was filed as an exhibit to the S-8.



Other Market Information



Penny Stock Regulation. Shares of our common stock are subject to rules adopted by the Securities and Exchange Commission that regulate broker-dealer practices in connection with transactions in “penny stocks.” Penny stocks are generally equity securities with a price of less than $5.00 (other than securities registered on certain national securities exchanges or quoted on the Nasdaq system, provided that current price and volume information with respect to transactions in those securities is provided by the exchange or system). The penny stock rules require a broker-dealer, prior to a transaction in a penny stock not otherwise exempt from those rules, deliver a standardized risk disclosure prepared by the Securities and Exchange Commission, which contains the following:



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•
A description of the nature and level of risk in the market for penny stocks in both public offerings and secondary trading;

•
A description of the broker’s or dealer’s duties to the customer and of the rights and remedies available to the customer with respect to violation to such duties or other requirements of securities’ laws;

•
A brief, clear, narrative description of a dealer market, including “bid” and “ask” prices for penny stocks and the significance of the spread between the “bid” and “ask” price;

•
A toll-free telephone number for inquiries on disciplinary actions;

•
Definitions of significant terms in the disclosure document or in the conduct of trading in penny stocks; and

•
Such other information and in such form (including language, type, size and format), as the Securities and Exchange Commission shall require by rule or regulation.




Prior to effecting any transaction in a penny stock, the broker-dealer also must provide the customer the following:



•
The bid and offer quotations for the penny stock;


•
The compensation of the broker-dealer and its salesperson in the transaction;

•
The number of shares to which such bid and ask prices apply, or other comparable information relating to the depth and liquidity of the market for such stock; and

•
Monthly account statements showing the market value of each penny stock held in the customer’s account.




In addition, the penny stock rules require that prior to a transaction in a penny stock not otherwise exempt from those rules, the broker-dealer must make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser’s written acknowledgment of the receipt of a risk disclosure statement, a written agreement to transactions involving penny stocks, and a signed and dated copy of a written suitably statement.



These disclosure requirements may have the effect of reducing the trading activity in the secondary market for a stock that becomes subject to the penny stock rules. Holders of shares of our common stock may have difficulty selling those shares because our common stock will probably be subject to the penny stock rules for an indeterminate period of time.



Recent Sales of Unregistered Securities



On July 17, 2003, we accepted 60,000,000 (post split) shares of common stock for cancellation held by three of our majority stockholders. The stockholders returned their shares to us for cancellation due to their inability, as majority shareholders, to further our business. The stockholders did not receive any remuneration for their shares.



On July 17, 2003, we issued 45,000,000 (post split) shares of our $0.001 par value common stock to Stephen W. Carnes for serving on our Board of Directors, assuming the liability of being an officer and director of a publicly trading and reporting Company, and his business expertise and his business concept of establishing a national network of commercial and residential restoration service companies. The shares were deemed to have been issued pursuant



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to an exemption provided by section 4 (2) of the Act, which exempts from registration “transactions by an issuer not involving any public offering.”



On December 22, 2003, we issued 363,637 shares of our $0.001 par value common stock to Stoecklein Law Group pursuant to an Engagement and Retainer Agreement, executed on December 18, 2003. The shares were issued unrestricted pursuant to the S-8 Registration filed with the SEC on August 26, 2003.



On October 30, 2003, we issued 67,000 shares of our $0.001 par value common stock valued at $10,000 to Michael Barr pursuant to a Consulting Agreement we entered into on October 27, 2003. The shares issued were unrestricted pursuant to an S-8 Registration filed with the SEC on August 26, 2003.



On October 30, 2003, we issued 67,000 shares of our $0.001 par value common stock valued at $10,000 to Mark Broersma pursuant to a Consulting Agreement we entered into on October 27, 2003. The shares issued were unrestricted pursuant to an S-8 Registration filed with the SEC on August 26, 2003.



Subsequent Issuances



On February 10, 2004, we issued 140,000 shares of our $0.001 par value common stock to Michael M. Manion pursuant to a Consulting Agreement we entered into on February 5, 2004. The shares issued were unrestricted pursuant to an S-8 Registration filed with the SEC on August 26, 2003.



As of February 23, 2004, we issued 73,410 shares of our $0.001 par value common stock to Cynthia Wainwright pursuant to a Consulting Agreement we entered into on October 1, 2003. The shares issued were unrestricted pursuant to an S-8 Registration filed with the SEC on August 26, 2003.



As of February 23, 2004, we issued 581,757 shares of our $0.001 par value common stock to Loren Brown pursuant to a Consulting Agreement we entered into on October 1, 2003. The shares issued were unrestricted pursuant to an S-8 Registration filed with the SEC on August 26, 2003.



As of February 23, 2004, we issued 358,989 shares of our $0.001 par value common stock to Matt Lettau pursuant to a Consulting Agreement we entered into on October 1, 2003. The shares issued were unrestricted pursuant to an S-8 Registration filed with the SEC on August 26, 2003.



ITEM 6.
PLAN OF OPERATION




This report contains forward-looking statements. Actual results and events could differ materially from those projected, anticipated, or implicit, in the forward-looking statements as a result of the risk factors set forth below and elsewhere in this report.



With the exception of historical matters, the matters discussed herein are forward-looking statements that involve risks and uncertainties. Forward-looking statements include, but are not



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limited to, statements concerning anticipated trends in revenues projections concerning operations and available cash flow. Our actual results could differ materially from the results discussed in such forward-looking statements primarily as the result of insufficient cash to pursue acquisitions and marketing efforts. The following discussion of our financial condition and results of operations should be read in conjunction with our financial statements and the related notes thereto appearing elsewhere herein.



Overview



Our Company is a Development Stage Company, originally incorporated in the State of Nevada on October 18, 2000 under the name First Impressions. We were initially organized to develop a business as an online retailer and distributor of perfume fragrances, bath products and related products. We are currently posturing our Company to provide complete loss management and restoration services to residential, commercial, industrial, and institutional properties. Initially, we are seeking to establish our Company, in the Florida market, with the ability to expedite the recovery process, with the eventual capability of responding to loss and restoration across the United States.



On July 14, 2003, we amended our Articles of Incorporation changing our name from First Impressions to Fortis Enterprises. The Board of Directors determined that the name, “First Impressions” was limiting the Company’s ability to pursue the expansion of our business into other marketing arenas and felt that the name Fortis Enterprises was more generic and allows for more flexibility in the future expansion of business opportunities. We also increased the total amount of authorized common stock from 50,000,000 shares to 100,000,000 shares.



Plan of Operation



Since our incorporation in October 2000, we have not been engaged in any significant operations nor have we had any significant revenues, as we are in the development stage. We intend to achieve growth through mergers and acquisitions of small to mid-sized cleaning and restoration services companies throughout the United States.



We intend to focus on growth through acquisition. We believe that there can be “Economies of Scale” achieved by consolidating the “single owner” restoration companies into Fortis Enterprises. We believe that it can reduce combined overall overhead among the companies acquired by eliminating many duplicated everyday business headaches for the small business owners such as accounting services, marketing and advertising costs, office staff and equipment, etc. We also believe that consolidating and focusing efforts on a combined marketing campaign will assist the various companies merged into Fortis Enterprises to achieve overall revenue growth.



On November 11, 2003, we executed a Letter of Intent with a privately held company based in Northern Florida that specializes in insurance restoration services. The Letter of Intent outlines the basic parameters under which the privately held company would agree to be acquired by us. We are working together with the acquisition candidate to perform the necessary due diligence that will allow both parties to sign a definitive agreement, which will provide the specific details regarding the terms and conditions of the acquisition. Upon completion of a definitive agreement we will file a Form 8-K.



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Satisfaction of our cash obligation for the next 12 months. We plan on satisfying our cash obligations over the next twelve months through additional equity and/or third party financing. We do not anticipate generating revenues sufficient enough to satisfy our working capital requirements within the next twelve months.



Summary of any product and development that we will perform for the term of the plan. We do not anticipate performing any significant product research and development under our plan of operation. In lieu of product research and development we anticipate acquiring small renovation business.



Expected purchase or sale of plant and significant equipment. We do not anticipate the purchase or sale of any plant or significant equipment, as such items are not required by us at this time or in the next twelve months; however as the result of our plan of acquisitions of renovation businesses, we may acquire equipment, and in some cases plants which retain the renovation businesses.



Significant changes in the number of employees. As of December 31, 2003, we had 1 employee. We are dependent upon Steve W. Carnes our sole officer and director of the Company. We will need to hire full time operational staff as our operations commence and we complete anticipated acquisitions.



Liquidity and Capital Resources



A critical component of our operating plan impacting our continued existence is the ability to obtain additional capital through additional equity and/or debt financing. We do not anticipate enough positive internal operating cash flow until such time as we can generate substantial revenues, which may take the next few years to fully realize. In the event we cannot obtain the necessary capital to pursue our strategic plan, we may have to cease or significantly curtail our operations. This would materially impact our ability to continue operations.



Our near term cash requirements are anticipated to be offset through the receipt of funds from private placement offerings and loans obtained through private sources. Since inception, we have financed cash flow requirements through debt financing and issuance of common stock for cash and services. As we expand operational activities, we may continue to experience net negative cash flows from operations, pending receipt of servicing or licensing fees, and will be required to obtain additional financing to fund operations through common stock offerings and bank borrowings to the extent necessary to provide working capital.



Over the next twelve months we believe that existing capital and anticipated funds from operations will not be sufficient to sustain operations and planned expansion. Consequently, we will be required to seek additional capital in the future to fund growth and expansion through additional equity or debt financing or credit facilities. No assurance can be made that such financing would be available, and if available it may take either the form of debt or equity. In either case, the financing could have a negative impact on our financial condition and our Stockholders.



We anticipate incurring operating losses over the next twelve months. Our lack of operating history makes predictions of future operating results difficult to ascertain. Our



11




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prospects must be considered in light of the risks, expenses and difficulties frequently encountered by companies in their early stage of development. Such risks include, but are not limited to, an evolving and unpredictable business model and the management of growth. To address these risks we must, among other things, obtain a customer base, implement and successfully execute our business and marketing strategy, continue to develop and upgrade technology and products, respond to competitive developments, and attract, retain and motivate qualified personnel. There can be no assurance that we will be successful in addressing such risks, and the failure to do so can have a material adverse effect on our business prospects, financial condition and results of operations.



Going Concern



The consolidated financial statements included in this filing have been prepared in conformity with generally accepted accounting principles that contemplate the continuance of the Company as a going concern. The Company’s cash position may be inadequate to pay all of the costs associated with production and marketing. Management intends to use borrowings and security sales to mitigate the effects of its cash position, however no assurance can be given that debt or equity financing, if and when required will be available. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets and classification of liabilities that might be necessary should the Company be unable to continue existence.



ITEM 7.
FINANCIAL STATEMENTS




See Index to Financial Statements and Financial Statement Schedules appearing on page F-1 through F-10 of this Form 10-KSB.



ITEM 8.
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE




We have had no disagreements with our independent auditors on accounting or financial disclosures.



ITEM 8.A.
CONTROLS AND PROCEDURES




We are a development stage company with no revenues and our sole officer and director has responsibility for our internal controls and procedures over our financial reporting.



We have implemented and maintain disclosure controls and procedures which consist of: the control environment, risk assessment, control activities, information and communication and monitoring. Our scope of internal control therefore extends to policies, plans procedures, processes, systems, activities, initiatives, and endeavors required of a company with our limited transactions, revenues, expenses, and operations. These controls and procedures are designed to ensure that the information required to be disclosed in our Exchange Act reports is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules.





12




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There have been no significant changes (including corrective actions with regard to significant deficiencies or material weaknesses) in our internal controls or in other factors that could significantly affect the controls subsequent to the date of the evaluation referenced below.



Within 90 days prior to the date of this report, we carried out an evaluation, under the supervision of our sole officer and director, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures. Based on the foregoing, our sole officer and director concluded that, given the Company’s limited operations, our disclosure controls and procedures were effective.



PART III



ITEM 9
DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS; COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT




The following table sets forth the name and positions of the executive officer and director of the Company. Directors will be elected at our annual meeting of stockholders and serve for one year or until their successors are elected and qualify. Officers are elected by the Board and their terms of office are, except to the extent governed by employment contract, at the discretion of the Board.



Name
Age
Positions and Offices held

Stephen W. Carnes
40
CEO, President, Secretary/Treasurer and Director




Duties, Responsibilities and Experience



Stephen W. Carnes, age 40, is Chief Executive Officer, President, Secretary/Treasurer and Director of the Company. Mr. Carnes is also the President, CEO and a director of Signature Leisure, Inc., a publicly traded company trading on the OTC Bulletin Board. From 2000 to 2003, Mr. Carnes was founder and co-owner of a private public relations firm that assisted companies with marketing and public relations. From 1998 to 2003, Mr. Carnes has been self-employed as an independent manufacturers representative acting as an outside sales representative for various companies. From 1982 thru 1986, Mr. Carnes attended Indiana University at Fort Wayne, Indiana and received a B.S. degree in Business Administration.



Election of Directors and Officers.




Directors are elected to serve until the next annual meeting of shareholders and until their successors have been elected and qualified. Officers are appointed to serve until the meeting of the Board of Directors following the next annual meeting of shareholders and until their successors have been elected and qualified.



No Executive Officer or Director of the Corporation has been the subject of any Order, Judgment, or Decree of any Court of competent jurisdiction, or any regulatory agency permanently or temporarily enjoining, barring suspending or otherwise limiting him from acting as an investment advisor, underwriter, broker or dealer in the securities industry, or as an affiliated person, director or employee of an investment company, bank, savings and loan



13




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association, or insurance company or from engaging in or continuing any conduct or practice in connection with any such activity or in connection with the purchase or sale of any securities.



No Executive Officer or Director of the Corporation has been convicted in any criminal proceeding (excluding traffic violations) or is the subject of a criminal proceeding which is currently pending.



No Executive Officer or Director of the Corporation is the subject of any pending legal proceedings.



Employment Agreement with Steve Carnes



On September 3, 2003, we entered into an Employment Agreement with Stephen W. Carnes, wherein Mr. Carnes agreed to serve as the Chairman of the Board, President and Chief Executive Officer of the Company. The term of the Agreement is for a period of three years, it commenced on August 1, 2003 and will expire on July 31, 2006. We agreed to pay Mr. Carnes a salary at an annual rate equal to the sum of $250,000. A bonus in the amount of $500,000 will be paid to Mr. Carnes upon successfully completing the opening or merger/acquisition of our first operating business unit. A bonus of $250,000 will be compensated to Mr. Carnes for each additional merger and/or acquisition and/or business unit start-up Mr. Carnes brings to the Company. Mr. Carnes will receive an automobile allowance of $700 per month. Mr. Carnes agreed to accrue such portions of his salary as deemed relevant by the board of directors until such time as the Company is adequately capitalized and able to pay such salary. A copy of Mr. Carnes’ Employment Agreement was attached as an exhibit to Form 10-QSB filed on November 14, 2003.



Consultants



On September 17, 2003, we entered into a Consulting Agreement with Florida Catastrophe Corp. (hereinafter referred to as the “Consultant”), wherein the Consultant agreed to assist us with general business consulting services such as assisting us and our Management with evaluating prospective acquisition candidate’s business setup and operations, business management services and other business related services pertaining to insurance restoration services companies. Every quarter (every 3 months), we agreed to compensate and issue the Consultant a total of eighty thousand (80,000) restricted shares of common stock, the shares will be issued and restricted under Rule 144. On December 22, 2003, we issued 80,000 shares of our $0.001 par value common stock valued at $8,800 to the Consultant. A copy of the consulting agreement was attached as an exhibit to Form 8-K filed on September 30, 2003.



Cynthia Wainwright: On October 1, 2003, we entered into an Independent Contractor Agreement with Cynthia Wainwright, wherein Ms. Wainwright agreed to provide us with services in the areas of strategic development, mergers and acquisitions, and such other areas of corporate activity as we may mutually agree from time to time. The term of the agreement began on November 1, 2003 and will end on October 31, 2004. We agreed to compensate Ms. Wainwright $1,000 per month in either cash or registered shares of common stock. We also agreed to make available to Ms. Wainwright, at our option, a nonrefundable payment of $1,000 in cash or in registered shares of common stock per month for Business Consultation and advice. As of February 23, 2004, we have issued 73,410 shares of our $0.001 par value common stock



14




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valued at $7,500 to Ms. Wainwright. The shares issued were unrestricted pursuant to an S-8 Registration filed with the SEC on August 26, 2003. A copy of the Independent Contractor Agreement was attached as an exhibit to Form 10-QSB filed on November 14, 2003.



Loren Brown: On October 1, 2003, we entered into an Independent Contractor Agreement with Loren Brown, wherein Mr. Brown agreed to provide us with services in the areas of strategic development, mergers and acquisitions, and such other areas of corporate activity as we may mutually agree from time to time. The term of the agreement began on October 1, 2003 and will end on September 30, 2004. We agreed to compensate Mr. Brown $15,000 per month in either cash or registered shares of common stock. We also agreed to make available to Mr. Brown, at our option, a nonrefundable payment of $10,000 in cash or in registered shares of common stock per month for Business Combination introductions and advice. As of February 23, 2004, we have issued 581,757 shares of our $0.001 par value common stock valued at $60,000 to Mr. Brown. The shares issued were unrestricted pursuant to an S-8 Registration filed with the SEC on August 26, 2003. A copy of the independent contractor agreement was attached as an exhibit to Form 10-QSB filed on November 14, 2003.



Matt Lettau: On October 1, 2003, we entered into an Independent Contractor Agreement with Matt Lettau, wherein Mr. Lettau agreed to provide us with services in the areas of strategic development, mergers and acquisitions, and such other areas of corporate activity as we may mutually agree from time to time. The term of the agreement began on November 1, 2003 and will end on October 31, 2004. We agreed to compensate Mr. Lettau $7,500 per month in either cash or registered shares of common stock. We also agreed to make available to Mr. Lettau, at our option, a nonrefundable payment of $5,000 in cash or in registered shares of common stock per month for Business Consultation and advice. As of January 20, 2004, we have issued 358,989 shares of our $0.001 par value common stock valued at $35,000 to Mr. Lettau. The shares issued were unrestricted pursuant to an S-8 Registration filed with the SEC on August 26, 2003. A copy of the independent contractor agreement was attached as an exhibit to Form 10-QSB filed on November 14, 2003.



Mike Barr: On October 27, 2003, we entered into a Consulting Agreement with Mike Barr, wherein Mr. Barr agreed to serve as an independent contractor for the Company. Mr. Barr has outstanding and special skills and abilities and an extensive background and knowledge in the Insurance Restoration industry. The term of the Agreement was for one month from the date of the Agreement. We agreed to compensate Mr. Barr a total of $10,000 worth of free trading shares of common stock. On October 30, 2003, we issued 67,000 shares of our $0.001 par value common stock valued at $10,000 to Mr. Barr. The shares issued were unrestricted pursuant to an S-8 Registration filed with the SEC on August 26, 2003. A copy of the consulting agreement was attached as an exhibit to Form 10-QSB filed on November 14, 2003.



Mark Broersma: On October 27, 2003, we entered into a Consulting Agreement with Mark Broersma, wherein Mr. Broersma agreed to serve as an independent contractor for the Company. Mr. Broersma has outstanding and special skills and abilities and an extensive background and knowledge in the Insurance Restoration industry. The term of the Agreement was for one month from the date of the Agreement. We agreed to compensate Mr. Broersma a total of $10,000 worth of free trading shares of common stock. On October 30, 2003, we issued 67,000 shares of our $0.001 par value common stock valued at $10,000 to Mr. Broersma. The shares issued were unrestricted pursuant to an S-8 Registration filed with the SEC on August 26,



15




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2003. A copy of the consulting agreement was attached as an exhibit to Form 10-QSB filed on November 14, 2003.



Subsequent Event



On January 21, 2004, we entered into a letter agreement with Source Capital Group, Inc. (“SCG”) to confirm our understanding and agreement with SCG, regarding retaining SCG as our exclusive (for three weeks) financial advisor. SCG agreed to use its best efforts to provide us with an equity financing. We agreed to compensate SCG for its services in 8% cash and 8% (“warrant”) coverage on any funds raised during this engagement for investors introduced to us by SLG. The exercise price of the warrants shall be equal to the price of the stock at the time of the sale to an equity investor introduced to us by SCG and will be subject to adjustment in accordance with the terms of any adjustment provided for in the formal definitive Financing document. The warrants are exercisable for five (5) years from the date of issuance. We will also reimburse SCG for any pre-approved expenses over $500 incurred in connection with the services provided to us. The term of SCG’s engagement shall extend from the date of the letter agreement through April, 2004. A copy of the letter agreement is attached hereto as an exhibit.



Michael M. Manion: On February 5, 2004, we entered into a Consulting Agreement with Michael M. Manion, wherein Mr. Manion agreed to serve as an independent contractor for the Company. Mr. Manion agreed to assist us with general consulting services such as assisting the Company and Company Management with various projects, business management services and other business related services. The term of the Agreement is for three months from the date of the Agreement. We agreed to compensate Mr. Manion 140,000 shares of free trading unrestricted shares of common stock for the first month. On February 10, 2004, we issued 140,000 shares of common stock valued at $10,000 to Mr. Manion. The shares issued were unrestricted pursuant to an S-8 Registration filed with the SEC on August 26, 2003.



Section 16(a) Beneficial Ownership Reporting Compliance



Section 16(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), requires our executive officers and directors, and persons who beneficially own more than ten percent of our common stock, to file initial reports of ownership and reports of changes in ownership with the SEC. Executive officers, directors and greater than ten percent beneficial owners are required by SEC regulations to furnish us with copies of all Section 16(a) forms they file. Based upon a review of the copies of such forms furnished to us and written representations from our executive officers and directors, we believe that during the year ended 2003, Stephen W. Carnes filed all forms 3, forms 4 and forms 5 on a timely basis.



Audit Committee and Financial Expert



We do not have an Audit Committee, Stephen W. Carnes, our sole director, performs some of the same functions of an Audit Committee, such as: recommending a firm of independent certified public accountants to audit the annual financial statements; reviewing the independent auditors independence, the financial statements and their audit report; and reviewing management`s administration of the system of internal accounting controls. The Company does not currently have a written audit committee charter or similar document.



16




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We have no financial expert. We believe the cost related to retaining a financial expert at this time is prohibitive. Further, because of our start-up operations, we believe the services of a financial expert are not warranted.



Code of Ethics



A code of ethics relates to written standards that are reasonably designed to deter wrongdoing and to promote:



(1)
Honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships;

(2)
Full, fair, accurate, timely and understandable disclosure in reports and documents that are filed with, or submitted to, the Commission and in other public communications made by an issuer;

(3)
Compliance with applicable governmental laws, rules and regulations;

(4)
The prompt internal reporting of violations of the code to an appropriate person or persons identified in the code; and

(5)
Accountability for adherence to the code.




We have not adopted a corporate code of ethics that applies to our principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions in that our sole officer and director serves in all the above capacities.



Our decision to not adopt such a code of ethics results from our having only one officer and director operating as the sole management for the Company. We believe that as a result of the limited interaction, which occurs having a sole officer/director for the Company eliminates the current need for such a code, in that violations of such a code would be reported to the party generating the violation.



Nominating Committee



We do not have a Nominating Committee or Nominating Committee Charter. Stephen W. Carnes, our sole director, performs some of the functions associated with a Nominating Committee. We have elected not to have a Nominating Committee in that we are a development stage company with limited operations and resources.



ITEM 10.
EXECUTIVE COMPENSATION




The following table sets forth the cash compensation of the Company’s executive officer and director during the last fiscal year of the Company. The remuneration described in the table does not include the cost to the Company of benefits furnished to the named executive officers, including premiums for health insurance and other benefits provided to such individual that are extended in connection with the conduct of the Company’s business.







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Summary Compensation Table




Annual Compensation
Long Term

Compensation



Name and Principal Position


Year
Salary

Paid
Accumulative

Accrual

(2)
Other

Annual Compen-sation


Restricted Stock

(3)


Options


Other



Stephen W. Carnes, President (1)


2003


$-0-


$107,667


-0-


$67,500


-0-













(1)
Mr. Carnes was appointed officer and director of the Company on July 15, 2003.

(2)
Mr. Carnes agreed to accrue such portions of his salary as deemed relevant by the board of directors until such time as the Company is adequately capitalized and able to pay such salary. Total accruals include $3,500 in accrued automobile allowance at $700 per month, and accrued salary of $104,167. Additionally, Mr. Carnes has advanced $540 to the Company which is not indicated in the above Table, however is an accrued reimbursement.

(3)
Concurrent with joining the Company Mr. Carnes was issued 45,000,000 (post split) shares of common restricted stock of the Company which were valued, at the time by the Company at $67,500. This issuance is not considered to be a recurring expense.




Employment Agreement



On September 3, 2003, we entered into an Employment Agreement with Stephen W. Carnes, wherein Mr. Carnes agreed to serve as the Chairman of the Board, President and Chief Executive Officer of the Company. The term of the Agreement is for a period of three years, it commenced on August 1, 2003 and will expire on July 31, 2006. We agreed to pay Mr. Carnes a salary at an annual rate equal to the sum of $250,000. A bonus in the amount of $500,000 will be paid to Mr. Carnes upon successfully completing the opening or merger/acquisition of our first operating business unit. A bonus of $250,000 will be compensated to Mr. Carnes for each additional merger and/or acquisition and/or business unit start-up Mr. Carnes brings to the Company. Mr. Carnes will also receive an automobile allowance of $700 per month. Mr. Carnes has agreed to accrue such portions of his salary as deemed relevant by the board of directors until such time as the Company is adequately capitalized and able to pay such salary. A copy of Mr. Carnes’ Employment Agreement was attached as an exhibit to Form 10-QSB filed on November 14, 2003.



Termination of Employment



There are no compensatory plans or arrangements, other than those described above, including payments to be received from the Company, with respect to any person named in Cash Consideration set out above which would in any way result in payments to any such person because of his resignation, retirement, or other termination of such person’s employment with the Company or its subsidiaries, or any change in control of the Company, or a change in the person’s responsibilities following a change in control of the Company.





18




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Compensation of Directors



All directors will be reimbursed for expenses incurred in attending Board or committee, when established, meetings.



ITEM 11.
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT




The following table sets forth information as of December 31, 2003 with respect to the beneficial ownership of common stock by (i) each person who to the knowledge of the Company, beneficially owned or had the right to acquire more than 5% of the outstanding common stock, (ii) each director of the Company and (iii) all executive officers and directors of the Company as a group.



Beneficial ownership is determined in accordance with the rules of the Securities and Exchange Commission and does not necessarily indicate beneficial ownership for any other purpose. Under these rules, beneficial ownership includes those shares of common stock over which the stockholder has sole or shared voting or investment power. It also includes shares of common stock that the stockholder has a right to acquire within 60 days through the exercise of any option, warrant or other right. The percentage ownership of the outstanding common stock, however, is based on the assumption, expressly required by the rules of the Securities and Exchange Commission, that only the person or entity whose ownership is being reported has converted options or warrants into shares of our common stock.









Name of Beneficial Owner (1)

Number

of Shares

(2)

Percent

Beneficially

Owned (3)

Stephen W. Carnes

4185 West Lake Mary Blvd., Ste. 137

Lake Mary, Florida 32746

45,000,000

68%

All Directors & Officers and Beneficial Owners as a Group

45,000,000

68%




(1)
As used in this table, “beneficial ownership” means the sole or shared power to vote, or to direct the voting of, a security, or the sole or shared investment power with respect to a security (i.e., the power to dispose of, or to direct the disposition of, a security). In addition, for purposes of this table, a person is deemed, as of any date, to have “beneficial ownership” of any security that such person has the right to acquire within 60 days after such date. Address for the persons listed in the table is care of the Company.

(2)
4:1 Post Split Shares.

(3)
Figures are rounded to the nearest percentage, based on 65,957,062 (post split) shares of stock issued and outstanding on December 31, 2003.




ITEM 12.
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS




Employment Agreement with Steve Carnes



On September 3, 2003, we entered into an Employment Agreement with Stephen W. Carnes, wherein Mr. Carnes agreed to serve as the Chairman of the Board, President and Chief Executive Officer of the Company. The term of the Agreement is for a period of three years, it



19




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commenced on August 1, 2003 and will expire on July 31, 2006. We agreed to pay Mr. Carnes a salary at an annual rate equal to the sum of $250,000. A bonus in the amount of $500,000 will be paid to Mr. Carnes upon successfully completing the opening or merger/acquisition of our first operating business unit. A bonus of $250,000 will be compensated to Mr. Carnes for each additional merger and/or acquisition and/or business unit start-up Mr. Carnes brings to the Company. Mr. Carnes will also receive an automobile allowance of $700 per month. Mr. Carnes has agreed to accrue such portions of his salary as deemed relevant by the board of directors until such time as the Company is adequately capitalized and able to pay such salary. A copy of Mr. Carnes’ Employment Agreement was attached as an exhibit to Form 10-QSB filed on November 14, 2003.



Office Lease



Our executive office space, located at 1111 North Orlando Ave, Winter Park, Florida 32789, is provided by Signature Leisure, Inc., a company wherein our Chief Executive Officer is also the Chief Executive Officer. The space is provided without charge on a temporary, month to month basis.



Reimbursements/ Salary Accrued



As of December 31, 2003, Mr. Carnes had accrued reimbursements of $540, accrued salary of $104,167 and accrued auto allowance of $3,500.



ITEM 13.
EXHIBITS AND REPORTS ON FORM 8-K




(a)
Documents filed as part of this Report




1.
Financial Statements:




A.
INDEX TO CONSOLIDATED FINANCIAL STATEMENTS


1.
Independent Auditors’ Report
F-1


2.
Financial Statements:



Balance Sheets
F-2



Statement of Operations
F-3



Statement of Stockholders` Equity
F-4 – F-5



Statement of Cash Flows
F-6



Notes to Consolidated Financial Statements
F-7 - F-15





2.
During the fiscal year December 31, 2003 the Company filed the following 8-Ks.


Form 8-K filed on July 24, 2003, Change in Control of Registrant, Annual Meeting of Shareholders, Forward Split, and OTC:BB Ticker Change.

Form 8-K filed on August 21, 2003, Press Release dated 8/18/03.

Form 8-K filed on September 8, 2003, Press Release dated 9/02/03.

Form 8-K filed on September 30, 2003, Consulting Agreement with Catastrophe Corp.

Form 8-K filed on October 7, 2003, Regulation FD Disclosure.





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3. Subsequent to the end of the fiscal year, the Company filed the following reports on Form 8-K

Form 8-k filed on February 12, 2004, Letter Agreement with Source Capital Group, Inc.



4.
Exhibits




Exhibit
Description


Number

10.1**
Employment Agreement with Steve Carnes, dated 09/03/03


10.2***
Consulting Agreement with Florida Catastrophe Corp., dated 09/17/03


10.3**
Independent Contractor Agreement with Cynthia Wainwright, dated 10/01/03

10.4**
Independent Contractor Agreement with Loren Brown, dated 10/01/03


10.5**
Independent Contractor Agreement with Matt Lettau, dated 10/01/03


10.6**
Consulting Agreement with Mark Broersma, dated 08/27/03


10.7**
Consulting Agreement with Mike Barr, dated 08/27/03


10.8*
Letter Agreement with Source Capital Group, Inc., dated 01/21/04


31*
Certification pursuant to Section 302 of the Sarbane

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RENOVO HOLDINGS: 10KSB/A, Sub-Doc 1 BACK PRINT THIS PAGE CLOSE WINDOW
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



FORM 10-KSB/A

(Amendment No. 1)



x ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934



For the fiscal year ended: December 31, 2004



o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934



Commission file number: 000-49634



RENOVO HOLDINGS

(Name of small business issuer in its charter)



Nevada

88-0475756

(State or other jurisdiction of

(I.R.S. Employer

incorporation)

Identification No.)




100 Candace Drive, Suite 100



Maitland, Florida

32751

(Address of principal executive offices)

(zip code)




Issuer`s Telephone Number: [phone]



Securities registered under Section 12(b) of the Exchange Act: None.



Securities registered under Section 12(g) of the Exchange Act:



Common Stock, $0.001 par value

(Title if Class)



Check whether the registrant (a) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (b) has been subject to such filing requirements for the past 90 days. Yes X No



Check if there is no disclosure of delinquent filers pursuant to Item 405 of Regulation S-B is not contained herein, and will not be contained, to the best of registrant`s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [ ]



The issuer’s revenues for its most recent fiscal year ended December 31, 2004. $-0-.






--------------------------------------------------------------------------------





The aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the average bid and ask price, as of March 1, 2005 was $194,521.82 based on a share value of $.00115.



The number of shares of Common Stock, $0.001 par value, outstanding on March 1, 2005, was 214,149,409 shares.



Transitional Small Business Disclosure Format (check one): Yes __ No X



EXPLANATORY NOTE:



This amendment is being filed to include the revised audit report on page 25 that indicates that the audit was conducted in accordance with the standards of the Public Company Accounting Oversight Board (PCAOB) and to revise our Statement of Cash Flows on page F-5.







--------------------------------------------------------------------------------





RENOVO HOLDINGS

(A DEVELOPMENT STAGE COMPANY)

FOR THE FISCAL YEAR ENDED

DECEMBER 31, 2004



Index to Report

on Form 10-KSB





PART I
Page




Item 1.
Description of Business
2

Item 2.
Description of Property
7

Item 3.
Legal Proceedings
7

Item 4.
Submission of Matters to a Vote of Security Holders
7




PART II



Item 5.
Market for Common Equity and Related Stockholder Matters
7

Item 6.
Plan of Operation
9

Item 7.
Financial Statements
16

Item 8.
Changes in and Disagreements With Accountants on Accounting and Financial Disclosure


16

Item 8A.
Controls and Procedures
16

Item 8B.
Other Information
17




PART III



Item 9.
Directors, Executive Officers, Promoters and Control Persons; Compliance with Section 16(a) of the Exchange Act


17

Item 10.
Executive Compensation
19

Item 11.
Security Ownership of Certain Beneficial Owners and Management
20

Item 12.
Certain Relationships and Related Transactions
2

Item 13.
Exhibits
22

Item 14.
Principal Accountant Fees and Services
22









--------------------------------------------------------------------------------





FORWARD-LOOKING STATEMENTS



This document contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including, but not limited to, any projections of earnings, revenue or other financial items; any statements of the plans, strategies and objections of management for future operations; any statements concerning proposed new services or developments; any statements regarding future economic conditions or performance; any statements or belief; and any statements of assumptions underlying any of the foregoing.



Forward-looking statements may include the words “may,” “could,” “estimate,” “intend,” “continue,” “believe,” “expect” or “anticipate” or other similar words. These forward-looking statements present our estimates and assumptions only as of the date of this report. Except for our ongoing securities laws, we do not intend, and undertake no obligation, to update any forward-looking statement.



Although we believe that the expectations reflected in any of our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Our future financial condition and results of operations, as well as any forward-looking statements, are subject to change and inherent risks and uncertainties. The factors impacting these risks and uncertainties include, but are not limited to:



•
increased competitive pressures from existing competitors and new entrants;

•
increases in interest rates or our cost of borrowing or a default under any material debt agreements;

•
deterioration in general or regional economic conditions;

•
adverse state or federal legislation or regulation that increases the costs of compliance, or adverse findings by a regulator with respect to existing operations;

•
loss of customers or sales weakness;


•
inability to achieve future sales levels or other operating results;

•
the unavailability of funds for capital expenditures; and


•
operational inefficiencies in distribution or other systems.






For a detailed description of these and other factors that could cause actual results to differ materially from those expressed in any forward-looking statement, please see “Factors That May Affect Our Plan of Operation” in this document.



In this filing references to “Company,” “we,” “our,” and/or “us,” refers to Renovo Holdings.



PART I



ITEM 1.
DESCRIPTION OF BUSINESS.




(a) General Business Development





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Renovo Holdings is a development stage company, originally incorporated in the State of Nevada on October 18, 2000 under the name First Impressions. On July 14, 2003, we amended our Articles of Incorporation changing our name from First Impressions to Fortis Enterprises. The Board of Directors determined that the name, “First Impressions” was limiting the Company’s ability to pursue the expansion of our business into other marketing arenas and felt that the name Fortis Enterprises was more generic and allowed for more flexibility in the future expansion of business opportunities. We also increased the total amount of authorized common stock from 50,000,000 shares to 100,000,000 shares.



On July 15, 2003, our board of directors approved the cancellation of 60,000,000 (post split) shares of common stock held by three of our major stockholders. Concurrently we issued 45,000,000 (post split) shares of common stock to Mr. Stephen W. Carnes as consideration for his business expertise and his business concept of establishing a national network of commercial and residential restoration service companies, his serving on the Board of Directors, and assuming the liability of being an officer and director of a publicly trading and reporting Company.



Prior to the cancellations and issuances, we had a total of 80,000,000 (post split) shares of common stock issued and outstanding. The canceling stockholders held approximately 75% of the issued and outstanding common stock. The cancellations and issuance resulted in 65,000,000 (post split) shares of common stock to be issued and outstanding with approximately 69% of those shares being held by Mr. Carnes. Mr. Carnes’ percentage ownership of the Company’s common stock and his position as sole director of the Company allows him to exercise control of the Company.



On June 14, 2004, we changed our name from Fortis Enterprises to Renovo Holdings, at the behest of a letter from counsel for Fortis (NL) N.V. Corporation received on November 25, 2003, wherein he requested we change our corporate name in order to avoid infringement on Fortis’ trade name. We also increased the total of authorized common stock from 100,000,000 shares to 500,000,000 shares.



(b) Our Business



Our Principal Services and their Markets



After completing an analysis of the loss and restoration markets, we believe we can capitalize upon the niche market opportunities within the residential and commercial restoration services markets. We believe that we can achieve revenue growth, by “rolling up” smaller, individually owned restoration companies under our “umbrella” as the parent company.



As we locate potential restoration companies for acquisition, we intend to formulate a business plan that is based upon a loss/recovery/restoration team (LRR-Team) coordinating complex efficient mobilization, which possesses logistic expertise both locally and nationally. The LRR-Team is being designed by us to follow a specific proven process when responding to, assessing, and restoring a damaged property. In our acquisition mode, we are seeking to acquire top industry talent for this team, including individuals with expertise in insurance, claims negotiation, construction, mitigation, and project management.





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With the mobilization LRR-Team which we are attempting to establish, whether the property is a residential, office building, industrial building, or institutional building, we intend to be set up to efficiently mobilize our team to handle a loss, anywhere in the country, at any time. Once we acquire the planned expertise, our scope of services and in-depth knowledge is intended to enable us to restore any type of property, regardless if damaged by fire, water, mold, or any type of natural disaster. We plan to utilize information technology to assist in the evaluation of the loss and determination of the magnitude of the restoration or recovery and create verifiable status reports.



Our plan includes setting up an Information Technology (IT) director to handle the electronic dissemination of information through the Internet and through our own to be developed Intranet site. We intend to be able to provide our clients with real-time electronic information including account information, insurance information, cost estimation, and remedial and restoration updates via the electronic transmission of text and electronic imaging of the restoration project.



Our services will initially focus on the following restoration markets:




•
Water - Water can have devastating consequences if not treated quickly and properly. Typical causes of water damage include fire, weather, burst pipes, and sewage overflow. Damage will occur if the water is not quickly and properly extracted, and the salvageable property thoroughly dried and disinfected. Our LRR-Team will take an organized, phased approach to mitigate water damage, beginning with a thorough assessment, mitigation plan, removal of contents, extraction of standing water, dehumidification, mold inhibitor infusion, and in many cases, reconstruction.




•
Fire - Residual effects of fire, other than the loss of the burned or smoke damaged area include water damage, and soot. Acidic soot residues stain plastic surfaces, grout, and porous stones. Documents and books that survive a fire, receive additional damage due to discoloration from soot, smoke and water.




•
Technical Cleaning - Sensitive equipment can be permanently damaged if the right restoration techniques are not utilized.




•
Mold - Mold is a member of the fungi family and can be found almost anywhere, gradually destroying the very material on which it grows. Molds thrive in damp, dark places, and can be found in, water damaged basements, storage areas, wood, insulation, and carpets. The effects of mold on an individual can range from mild to severe, and may even be toxic.






Distribution Methods of the Services.



Until such time as we complete an acquisition, we do not anticipate the establishment of an independent method for the distribution of our services. Our plan is to distribute our services through acquired businesses.





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Competitive Business Conditions.



There are many companies that offer loss, restoration, and remediation services. Our competitors include:



•
General Contractors, some of which maintain toll-free numbers;

•
Subcontractors;


•
Insurance sanctioned remediation companies;


•
Specialty Cleaning Services; and


•
Loss, restoration and remediation companies.






Each of these categories encompasses a wide range of services and is highly fragmented.



Competition is intense and we expect it to increase. Increased competition could result in:




•
price reductions, decreased revenue and lower profit margins;

•
inability to gain market share;


•
loss of market share once, and if gained; and


•
increased marketing expenditures.






As a result of our competition targeting our same market; individuals and corporate entities interested in our loss, restoration, and remediation services, we will only be able to distinguish our services as the result of our advertising programs and ultimately quality and efficiency of service. Our goal is to determine methods by which we can maximize contacts with major insurance carriers. We do not anticipate distinguishing our services from other like services available in the market in the near future.



Governmental Regulations



Many governmental regulations may impact our business, which could affect our ability to conduct business. Any new law or regulation, or the application or interpretation of existing laws, may decrease our ability to conduct business across state lines. We expect there will be an increasing number of laws and regulations pertaining to the use of chemicals in the restoration services area. These laws or regulations may relate to liability for chemical use in violation of the rules promulgated by the Environmental Protection Agency. This could decrease the demand for our services, increase our costs or otherwise adversely affect our business.



In addition, we cannot predict whether new legislation or regulations governing our activities will be enacted by legislative bodies or promulgated by agencies regulating our activities, or what the effect of any such legislation or regulations on our business would be.



Costs and Effects of Compliance with Environmental Law.



Environmental laws affect the types of chemicals and products utilized in the restoration services that we intend to provide. In most cases the chemicals will be off the shelf types of products pre-approved for the sale in the United States. At this time we do not anticipate utilizing any products not approved for use or resale in the United States.



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Intellectual Properties



We regard the protection of our copyrights, service marks, trademarks, and trade secrets as critical to our future success and will rely on a combination of copyright, trademark, service mark and trade secret laws and contractual restrictions to establish and protect our proprietary rights in products and services. We plan to enter into confidentiality agreements with our to be acquired operators, consultants and strategic partners in order to limit access to and disclosure of our proprietary information. These contractual arrangements or the other steps taken by us to protect our intellectual property may not prove sufficient to prevent misappropriation of our technology or to deter independent third-party development of similar technologies. We plan to pursue the registration of our trademarks and service marks in the United States.



Employees



As of December 31, 2004, we had one employee, Stephen W. Carnes. We anticipate the assumption of an employment base from the companies, which we intend to acquire in the future. In addition to that employment base, we anticipate hiring an executive secretary and chief financial officer. None of such personnel are anticipated to be covered by a collective bargaining agreement.



Reports to Stockholders



We are subject to the informational requirements of the Securities Exchange Act of 1934, as amended. Our securities are registered under the Exchange Act, we file supplementary and periodic information, documents and reports that are required under section 13 of the Securities Act of 1933, as amended, with the Securities and Exchange Commission. Such reports, proxy statements and other information will be available through the Commission’s Electronic Data Gathering Analysis and Retrieval System which is publicly available through the Commission’s website (http://www.sec.gov).



We intend to furnish annual reports to stockholders, which will include audited financial statements reported on by our Certified Public Accountants. In addition, we will issue un-audited quarterly or other interim reports to stockholders.



CORNELL CAPITAL FINANCING



On April 14, 2004, we entered into the following agreements with Cornell Capital Partners, LP (“Cornell”).



Standby Equity Distribution Agreement and Placement Agent Agreement



On April 14, 2004, we entered into a Standby Equity Distribution Agreement with Cornell, wherein we agreed to issue and sell to Cornell $5,000,000 of our common stock. We have engaged Newbridge Securities Inc., to act as our exclusive placement agent in connection with the sale of our common stock to Cornell. We agreed to issue 1,490,000 shares of our common stock to Cornell upon execution of the agreement (issued on May 3, 2004).





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Pursuant to the Standby Equity Distribution Agreement, Cornell and the Company also entered into a Placement Agent Agreement with Newbridge Securities Corporation, wherein Newbridge will act as our exclusive placement agent in connection with the Standby Equity Distribution Agreement. Newbridge’s services will consist of reviewing the terms of the Standby Equity Distribution Agreement and advising us with respect to those terms. We agreed to issue 10,000 shares of our common stock to Newbridge upon execution of the agreement (issued May 14, 2004).



Securities Purchase Agreement



We executed a Securities Purchase Agreement with Cornell, wherein we agreed to issue and sell to Cornell up to $300,000 of secured convertible debentures, which will be convertible into shares of our common stock. Of the $300,000, $150,000 was immediately received and on July 9, 2004 we received the remaining $150,000 following the date we amended our Articles of Incorporation increasing our authorized shares of common stock to 500,000,000 shares and after we filed the registration statement as agreed in the Registration Rights Agreement discussed below.



Registration Rights Agreements



In connection with the Securities Purchase Agreement and Standby Equity Distribution Agreement, we entered into two Registration Rights Agreements with Cornell, wherein we agreed to prepare and file with the SEC a registration statement on Form SB-2 under the 1933 Act for the registration for the resale by all Investors who purchased convertible debentures pursuant to the Securities Purchase Agreement 9,868,421 shares of our common stock issued upon conversion of the Convertible Debentures and the 1,490,000 shares of common stock issued to Cornell plus enough shares to cover the $5,000,000 equity line. We agreed to cause the registration statement to remain effective until all of the registrable securities have been sold.



Security Agreement



We executed a Security Agreement with Cornell wherein, in connection with the above financing documents, we agreed to grant to Cornell a security interest in and to the pledged property until the satisfaction of all obligations described in the agreement are performed. The pledged property includes all goods, inventory, contract rights and general intangibles, all documents, warehouse receipts, instruments and chattel paper, all accounts and receivables, instruments or other forms of obligations and rights to payment, to the extent assignable, all of the our rights under all present and future authorizations, permits, licenses and franchises, and all products and proceeds from the above described pledged property.





ITEM 2.
DESCRIPTION OF PROPERTY.




Our executive office is located at 100 Candance Drive, Suite 100, Maitland, Florida 32751. The property is approximately 3,600 square feet. The term of our lease is for 24 months and began on November 1, 2004 with lease payments of $2,850.00 per month together with applicable Florida State Sales Tax.



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ITEM 3.
LEGAL PROCEEDINGS.




On November 4, 2003, Suburban Capital Corporation (“SCC”), a Delaware corporation, filed a complaint against us with the United States District Court for the Northern District of Illinois, Eastern Division, alleging that on or about September of 2003, we approached SCC and allegedly entered into an oral agreement for the purpose of hiring them to provide introductions to potential partners, along with other business consulting services. SCC was seeking $350,000 in damages. Our management denied the existence of any agreement with SCC and aggressively defended the Company against the frivolous action. On November 23, 2004, the case was dismissed due to the plaintiff’s (SCC) failure to appear before the judge.



ITEM 4.
SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.




None.




PART II



ITEM 5.
MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.




(a) Market Information



Our Common Stock is traded in the over-the-counter securities market through the National Association of Securities Dealers Automated Quotation Bulletin Board System, under the symbol “RNVO”. We have been eligible to participate in the OTC Bulletin Board since April 23, 2003. The following table sets forth the quarterly high and low bid prices for our Common Stock during our last two fiscal years, as reported by a Quarterly Trade and Quote Summary Report of the OTC Bulletin Board. The quotations reflect inter-dealer prices, without retail mark-up, markdown or commission, and may not necessarily represent actual transactions.




2004
2003


High
Low
High
Low

1st Quarter
0.115
0.017
Not Trading
Not Trading

2nd Quarter
0.062
0.01
0.02
0.015

3rd Quarter
0.0171
0.004
0.54
0.19

4th Quarter
0.041
0.0017
0.23
0.08








Note: We traded on the OTC:BB from April 23, 2003 through June 21, 2004 under the symbol “FRTE”.



(b) Holders of Common Stock



As of March 1, 2005, we had approximately 42 stockholders of record of the 214,149,409 shares outstanding.



(c) Dividends



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The Board of Directors has not declared any dividends due to the following reasons:



1.
The Company has not yet adopted a policy regarding payment of dividends;

2.
The Company does not have any money to pay dividends at this time;


3.
The declaration of a cash dividend would result in an impairment of future working capital; and

4.
The Board of Directors will not approve the issuance of a stock dividend.




(d) Securities Authorized for Issuance under Equity Compensation Plans



Employee and Consultant Stock Compensation Plans



Effective August 26, 2003, we adopted an Employee and Consultant Stock Compensation Plan. The maximum number of shares that may be issued pursuant to the plan is 3,000,000 shares. As of December 31, 2004, 2,564,493 shares have been granted under this plan.



Effective May 11, 2004, we adopted another Employee and Consultant Stock Compensation Plan. The maximum number of shares that may be issued pursuant to the plan is 15,000,000 shares. As of December 31, 2004, 3,508,207 shares have been issued under this plan.



Equity Compensation Plans Information



We currently maintain equity compensation plans to allow the Company to compensate employees, directors, consultants and certain other persons providing bona fide services to the Company or to compensate officers, directors and employees for accrual of salary, through the award of our common stock. The following table sets forth information as of December 31, 2004 regarding outstanding shares granted under the plans, warrants issued to consultants and options reserved for future grant under the plans.















Plan Category

Number

of shares to be issued upon exercise of outstanding options, warrants and rights

(a)





Weighted-average exercise price of outstanding options, warrants and rights

(b)

Number of shares remaining available for future issuance under equity compensation plans (excluding shares reflected in column (a))

(c)









Equity compensation plans approved by stockholders



--



$ --

--









Equity compensation plans not approved by stockholders



0



$ 0

11,927,300 (1)









Total

0

$ 0

11,927,300










(1) Includes: 435,507 shares available for issuance under the 2003 plan and 11,491,793 shares available under the 2004 plan.



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These plans are intended to encourage directors, officers, employees and consultants to acquire ownership of common stock. The opportunity so provided is intended to foster in participants a strong incentive to put forth maximum effort for its success and growth, to aid in retaining individuals who put forth such effort, and to assist in attracting the best available individuals to the Company in the future.



Recent Sales of Unregistered Securities



Issuances pursuant to the Equity Distribution Agreement and the Securities Purchase Agreement with Cornell Capital Partners LP.



On October 18, 2004, we sold $20,000 of secured convertible debentures to Cornell, which converted into 6,250,000 shares of our common stock. The shares were registered in our SB-2 Registration Statement declared effective by the SEC on July 13, 2004.



From October 26, 2004 through December 27, 2004, we issued 61,000,000 shares of our common stock to the Escrow Agent pursuant to the Equity Distribution Agreement, to hold on behalf of Cornell pending receipt of funds, at which time the shares will be delivered to Cornell. The 61,000,000 shares were registered in our SB-2 Registration Statement declared effective by the SEC on July 13, 2004.



Subsequent Issuances



From February 1, 2005 through February 25, 2005, we issued 42,526,315 shares of our common stock the Escrow Agent pursuant to the Equity Distribution Agreement, to hold on behalf of Cornell pending receipt of funds, at which time the shares will be delivered to Cornell. The 42,526,315 were registered in our SB-2 Registration Statement declared effective by the SEC on July 14, 2004.



ITEM 6.
PLAN OF OPERATION.




This report contains forward-looking statements. Actual results and events could differ materially from those projected, anticipated, or implicit, in the forward-looking statements as a result of the risk factors set forth below and elsewhere in this report.



With the exception of historical matters, the matters discussed herein are forward-looking statements that involve risks and uncertainties. Forward-looking statements include, but are not limited to, statements concerning anticipated trends in revenues, projections concerning operations and available cash flow. Our actual results could differ materially from the results discussed in such forward-looking statements primarily as the result of insufficient cash to pursue acquisitions and marketing efforts. The following discussion of our financial condition and results of operations should be read in conjunction with our financial statements and the related notes thereto appearing elsewhere herein.



Overview





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Renovo Holdings is a Development Stage Company that intends to capitalize upon the niche market opportunities within the commercial and residential restoration service markets.



As a company in an early development stage, our ability to proceed with our plan of operation has continuously been a function of our ability to raise sufficient capital to continue our operations. At the end of the fiscal year 2004 we had cash available of $16,075. Our cash requirements on a monthly basis are approximately $4,500, excluding exceptional expenses that are related to capital raising and securities registration expenses.



We have continuously incurred losses since inception. For the year ended December 31, 2003 we had a net loss of $313,527 as compared to a net loss of $1,099,313 for the year ended December 31, 2004.



Plan of Operation



During the next 12 months we plan to focus our efforts on positioning Renovo to provide complete loss management and restoration services to residential, commercial, industrial, and institutional properties. Initially, we are seeking to establish Renovo in the Florida market, with the ability to expedite the recovery process, with the eventual capability of responding to loss and restoration across the United States.



Satisfaction of our cash obligations for the next 12 months.



We plan on satisfying our cash obligations over the next twelve months through additional equity and/or third party financing. We do not anticipate generating revenues sufficient enough to satisfy our working capital requirements within the next twelve months.



A critical component of our operating plan impacting our continued existence is the ability to obtain additional capital through additional equity and/or debt financing. We do not anticipate enough positive internal operating cash flow until such time as we complete an acquisition and can generate substantial revenues, which may take the next few years to fully realize, if ever. In the event we cannot obtain the necessary capital to pursue our strategic plan, we may have to cease or significantly curtail our operations. This would materially impact our ability to continue operations.



On April 14, 2004, we entered into a Standby Equity Distribution Agreement with Cornell Capital Partners, LP (“Cornell”), wherein we agreed to issue and sell to Cornell and Cornell agreed to purchase from us $5,000,000 of our common stock, par value $0.001 per share. Additionally, we entered into a secured convertible debenture agreement with Cornell in order to provide us with expedited access to $300,000 of the funding.



In September 2004, we sold $40,000 of secured convertible debentures, which were converted into 7,738,094 shares of our common stock and issued to Cornell Capital Partners. Additionally in October of 2004, we sold a total of 20,202,020 shares under the Equity Distribution Agreement valued at $200,000.



Liquidity and Capital Resources





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Our near term cash requirements are anticipated to be offset through the receipt of funds from the Cornell convertible debenture, private placement offerings and loans obtained through private sources. We filed a registration statement (declared effective by the SEC on July 14, 2004) registering 368,687,500 shares of our common stock for the resale by all investors who purchase convertible debentures and to cover the $5,000,000 equity line under the Equity Distribution Agreement. We anticipate being able to use the line of credit to finance our operations. Since inception, we have financed cash flow requirements through debt financing and issuance of common stock for cash and services. When, and if, we commence operational activities, we may continue to experience net negative cash flows from operations, and may be required to obtain additional financing to fund operations through common stock offerings and bank borrowings to the extent necessary to provide working capital.



Over the next twelve months we believe that existing capital and anticipated funds from operations will not be sufficient to sustain operations and planned expansion. However, the line of credit is anticipated to satisfy our working capital needs, but if it is not available, we will be required to seek additional capital in the future to fund our operations through additional equity or debt financing or credit facilities. No assurance can be made that such financing would be available, and if available it may take either the form of debt or equity. In either case, the financing could have a negative impact on our financial condition and our Stockholders.



We anticipate incurring operating losses over the next twelve months. Our lack of operating history makes predictions of future operating results difficult to ascertain. Our prospects must be considered in light of the risks, expenses and difficulties frequently encountered by companies in their early stage of development. Such risks include, but are not limited to, an evolving and unpredictable business model and the management of growth. To address these risks we must, among other things, locate suitable acquisition targets, obtain a customer base, implement and successfully execute our business and marketing strategy, respond to competitive developments, and attract, retain and motivate qualified personnel. There can be no assurance that we will be successful in addressing such risks, and the failure to do so can have a material adverse effect on our business prospects, financial condition and results of operations.



Going Concern



The consolidated financial statements included in this filing have been prepared in conformity with generally accepted accounting principles that contemplate the continuance of the Company as a going concern. The Company’s cash position may be inadequate to pay all of the costs associated with its intended business plan. Management intends to use borrowings and security sales to mitigate the effects of its cash position, however no assurance can be given that debt or equity financing, if and when required will be available. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets and classification of liabilities that might be necessary should the Company be unable to continue existence.



Summary of any product and development that we will perform for the term of the plan. We do not anticipate performing any significant product research and development under our plan of operation. In lieu of product research and development, we anticipate acquiring small renovation businesses.





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Expected purchase or sale of plant and significant equipment. We do not anticipate the purchase or sale of any plant or significant equipment, as such items are not required by us at this time or anticipated to be needed in the next twelve months; however, as the result of our plan for acquisitions of renovation businesses, we may acquire equipment, and in some cases plants, which relate to the renovation businesses.



Significant changes in the number of employees. As of December 31, 2004, we had 1 employee. We are dependent upon Steve W. Carnes our sole officer and director. We will need to hire full time operational staff as our operations commence and we complete anticipated acquisitions.



Off-Balance Sheet Arrangements



We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.



FACTORS THAT MAY AFFECT OUR PLAN OF OPERATION



Renovo has historically lost money and losses may continue in the future, which may cause us to curtail operations.



Since our inception we have not been profitable and have lost money on both a cash and non-cash basis. For the years ended December 31, 2004 and December 31, 2003 we incurred net losses of $1,099,313 and $313,527 respectively. Our accumulated deficit at the end of December 30, 2004 was $1,443,765. Future losses are likely to occur, as we are dependent on spending money to pay for our operations. No assurances can be given that we will be successful in reaching or maintaining profitable operations. Accordingly, we may experience liquidity and cash flow problems. If our losses continue, our ability to operate may be severely impacted.



Renovo may need to raise additional capital or debt funding to sustain operations.



Unless we can become profitable with the existing sources of funds we have available and our operations, we will require additional capital to sustain operations and we may need access to additional capital or additional debt financing to grow our sales. In addition, to the extent that we have a working capital deficit and cannot offset the deficit from profitable sales or the Cornell line of credit we may have to raise capital to repay the deficit and provide more working capital to permit growth in revenues. We cannot be assured that financing, whether from external sources or related parties, will be available if needed or on favorable terms. Our inability to obtain adequate financing will result in the need to reduce the pace of business operations and the search for acquisition candidates. Any of these events could be materially harmful to our business and may result in a lower stock price.



We have been the subject of a going concern opinion for the years ended December 31, 2004 and December 31, 2003 from our independent auditors, which means that we may not be able to continue operations unless we can become profitable or obtain additional funding.





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Our independent auditors have added an explanatory paragraph to their audit opinions issued in connection with our financial statements for the years ended December 31, 2004 and December 31, 2003, which states that the financial statements raise substantial doubt as to our ability to continue as a going concern. Our ability to make operations profitable or obtain additional funding will determine our ability to continue as a going concern. Our financial statements do not include any adjustments that might result from the outcome of this uncertainty. We expect to be able to continue operations for twelve months with the cash currently on hand, and from the Securities Purchase Agreement and the Equity Distribution Agreement entered into by the Company and Cornell Capital Partners, executed on April 14, 2004.



We are subject to a working capital deficit, which means that our current assets on December 31, 2004, were not sufficient to satisfy our current liabilities and, therefore, our ability to continue operations is at risk.



We had a working capital deficit for the year ended December 31, 2004, which means that our current liabilities exceeded our current assets on December 31, 2004 by $608,161. Current assets are assets that are expected to be converted to cash within one year and, therefore, may be used to pay current liabilities as they become due. Our working capital deficit means that our current assets on December 31, 2004, were not sufficient to satisfy all of our current liabilities on those dates. If our ongoing operations do not begin to provide sufficient profitability to offset the working capital deficit, we may have to raise capital or debt to fund the deficit or curtail future operations.



Our common stock may be affected by limited trading volume and may fluctuate significantly, which may affect our stockholders’ ability to sell shares of our common stock.



Prior to this filing, there has been a limited public market for our common stock and there can be no assurance that a more active trading market for our common stock will develop. An absence of an active trading market could adversely affect our stockholders` ability to sell our common stock in short time periods, or possibly at all. Our common stock has experienced, and is likely to experience in the future, significant price and volume fluctuations, which could adversely affect the market price of our common stock without regard to our operating performance. In addition, we believe that factors such as quarterly fluctuations in our financial results and changes in the overall economy or the condition of the financial markets could cause the price of our common stock to fluctuate substantially. These fluctuations may also cause short sellers to enter the market from time to time in the belief that we will have poor results in the future. We cannot predict the actions of market participants and, therefore, can offer no assurances that the market for our stock will be stable or appreciate over time. These factors may negatively impact our stockholders` ability to sell shares of our common stock.



Our common stock is deemed to be a low priced “Penny Stock,” which may make it more difficult for investors to sell their shares due to suitability requirements.



Our common stock is deemed to be a "penny stock" as that term is defined in Rule 3a51-1 promulgated under the Securities Exchange Act of 1934. These requirements may reduce the potential market for our common stock by reducing the number of potential investors. This may make it more difficult for investors in our common stock to sell shares to third parties or to otherwise dispose of them. This could cause our stock price to decline. Penny stocks are stock:





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•
With a price of less than $5.00 per share;


•
That are not traded on a "recognized" national exchange;

•
Whose prices are not quoted on the NASDAQ automated quotation system (NASDAQ listed stock must still have a price of not less than $5.00 per share); or

•
In issuers with net tangible assets less than $2.0 million (if the issuer has been in continuous operation for at least three years) or $10.0 million (if in continuous operation for less than three years), or with average revenues of less than $6.0 million for the last three years.




Broker/dealers dealing in penny stocks are required to provide potential investors with a document disclosing the risks of penny stocks. Moreover, broker/dealers are required to determine whether an investment in a penny stock is a suitable investment for a prospective investor.



We could fail to attract or retain key personnel, which could be detrimental to our operations.



Our success largely depends on the efforts and abilities of Stephen W. Carnes, our sole Officer and Director. The loss of the services of Mr. Carnes could materially harm our business because of the cost and time necessary to find a successor. Such a loss would also divert management attention away from operational issues. We do not presently maintain key-man life insurance policies on Mr. Carnes. We do not have other key employees who manage our operations. To the extent that we are smaller than our competitors and have fewer resources, we may not be able to attract a sufficient number and quality of staff, when required.



We may acquire assets or other businesses in the future.



We may consider acquisitions of other assets or other business. Any acquisition involves a number of risks that could fail to meet our expectations and adversely affect our profitability. For example:



•
The acquired assets or business may not achieve expected results;

•
We may incur substantial, unanticipated costs, delays or other operational or financial problems when integrating the acquired assets;

•
We may not be able to retain key personnel of an acquired business;

•
Our management’s attention may be diverted; or


•
Our management may not be able to manage the acquired assets or combined entity effectively or to make acquisitions and grow our business internally at the same time.




If these problems arise we may not realize the expected benefits of an acquisition.



Our limited operating history makes it difficult to forecast our future results.



As a result of our limited operating history, our historical financial and operating information is of limited value in predicting our future operating results. We may not accurately forecast customer behavior and recognize or respond to emerging trends, changing preferences or competitive factors facing us, and, therefore, we may fail to make accurate financial forecasts. Our current and future expense levels are based largely on our investment plans and estimates of future revenue. As a result, we may be unable to adjust our spending in a timely manner to



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compensate for any unexpected revenue shortfall, which could force us to curtail or cause us to terminate our business operations.



Risks Associated with the Standby Equity Distribution Agreement with Cornell Capital Partners, L.P.



Our obligations under the secured convertible debentures are secured by all of our assets.



Our obligations under the secured debentures, issued to Cornell Capital Partners are secured by all of our assets. As a result, if we default under the terms of the secured debentures, Cornell Capital Partners could foreclose its security interest and liquidate all of the assets of the Company. This would cease operations.



Existing stockholders will experience significant dilution from our sale of shares under the Equity Distribution Agreement.



The sale of shares pursuant to the Equity Distribution Agreement will have a dilutive impact on our stockholders. As a result our net income per share could decrease in future periods, and the market price of our common stock could decline. In addition, the lower our stock price, the more shares of common stock we will have to issue in order to receive the maximum cash advance allowed under the Equity Distribution Agreement. If our stock price is lower, then our existing stockholders would experience greater dilution.



The sale of our stock under our equity distribution agreement could encourage short sales by third parties, which could contribute to the future decline of our stock price.



In many circumstances the provision of financing based on the distribution of equity for companies that are traded on the Over-the-Counter Bulletin Board has the potential to cause a significant downward pressure on the price of common stock. This is especially the case if the shares being placed into the market exceed the market`s ability to take up the increased stock or if the Company has not performed in such a manner to show that the equity funds raised will be used to grow the Company. Such an event could place further downward pressure on the price of common stock. Under the terms of our Equity Distribution Agreement, we may request numerous cash advances. Even if we use the cash advances to grow our revenues and profits or invest in assets that are materially beneficial to us, the opportunity exists for short sellers and others to contribute to the future decline of our stock price. If there are significant short sales of stock, the price decline that would result from this activity will cause the share price to decline more so which in turn may cause long holders of the stock to sell their shares thereby contributing to sales of stock in the market. If there is an imbalance on the sell side of the market for the stock the price will decline. It is not possible to predict if the circumstances whereby short sales could materialize or to what the share price could drop. In some companies that have been subjected to short sales the stock price has dropped to near zero. This could happen to our stock.



We may not be able to access sufficient funds under the Equity Line of Credit when needed.



We are dependent on external financing to fund our operations. Our financing needs are expected to be partially provided from the Equity Distribution Agreement and the additional



15




--------------------------------------------------------------------------------



secured convertible debentures to be purchased by Cornell Capital Partners. No assurances can be given that such financing will be available in sufficient amounts or at all when needed, in part, because we are limited to a maximum cash advance of $200,000 during any seven trading day period. In addition, based on an assumed offering price of $0.016 per share, we will only be able to draw a total net amount of $3,667,500 under the Equity Distribution Agreement. This net amount will utilize all of the 250,000,000 shares of our common stock registered for the Equity Distribution Agreement under our registration statement filed on June 30, 2004. If the actual average price at which we sell shares of common stock under the Equity Distribution Agreement is less than $0.016 per share, we would need to register additional shares to fully utilize the funds available under the Equity Distribution Agreement. Based on the assumed offering price of $0.016 per share, we would have to issue to Cornell Capital Partners 315,565,566 shares in order to receive the entire $5,000,000 available to us under the Equity Distribution Agreement.



We may not be able to obtain a cash advance under the equity distribution agreement if Cornell Capital Partners holds more than 9.9% of our common stock.



In the event Cornell Capital Partners holds more than 9.9% of our then-outstanding common stock, we will be unable to obtain a cash advance under the Equity Distribution Agreement. A possibility exists that Cornell Capital Partners may own more than 9.9% of our outstanding common stock at a time when we would otherwise plan to make an advance under the Equity Distribution Agreement. In that event, if we are unable to obtain additional external funding or generate revenues from operations, we could be forced to curtail or cease our operations.



ITEM 7.
FINANCIAL STATEMENTS.




See Index to Financial Statements and Financial Statement Schedules appearing on page F-1 through F-16 of this Form 10-KSB.



ITEM 8.
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.




We have had no disagreements with our independent auditors on accounting or financial disclosures.



ITEM 8.A.
CONTROLS AND PROCEDURES.




We maintain disclosure controls and procedures designed to ensure that information required to be disclosed in reports filed under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the specified time periods. As of the end of the period covered by this report, Steven W. Carnes, our Chief Executive Officer and Principal Financial Officer evaluated the effectiveness of our disclosure controls and procedures. Based on the evaluation, which disclosed no significant deficiencies or material weaknesses, Mr. Carnes, our Chief Executive Officer and Principal Financial Officer concluded that our disclosure controls and procedures are effective. There were no changes in our internal control over financial reporting that occurred during the most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.



16




--------------------------------------------------------------------------------







ITEM 8.B.
OTHER INFORMATION.




None.




PART III



ITEM 9
DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS; COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT.




The following table sets forth the name and positions of the executive officer and director of the Company. Directors will be elected at our annual meeting of stockholders and serve for one year or until their successors are elected and qualified. Officers are elected by the Board and their terms of office are, except to the extent governed by employment contract, at the discretion of the Board.



Name
Age
Positions and Offices held

Stephen W. Carnes
41
CEO, President, Secretary/Treasurer and Director




Duties, Responsibilities and Experience



Stephen W. Carnes, age 41, is Chief Executive Officer, President, Secretary/Treasurer and Director of the Company. Mr. Carnes is also the President, CEO and a director of Signature Leisure, Inc., a publicly traded company trading on the OTC Bulletin Board. From 2000 to 2003, Mr. Carnes was founder and co-owner of a private public relations firm that assisted companies with marketing and public relations. From 1998 to 2003, Mr. Carnes has been self-employed as an independent manufacturers representative acting as an outside sales representative for various companies. From 1982 thru 1986, Mr. Carnes attended Indiana University at Fort Wayne, Indiana and received a B.S. degree in Business Administration.



Election of Directors and Officers.




Directors are elected to serve until the next annual meeting of stockholders and until their successors have been elected and qualified. Officers are appointed to serve until the meeting of the Board of Directors following the next annual meeting of stockholders and until their successors have been elected and qualified.



No Executive Officer or Director of the Corporation has been the subject of any Order, Judgment, or Decree of any Court of competent jurisdiction, or any regulatory agency permanently or temporarily enjoining, barring suspending or otherwise limiting him from acting as an investment advisor, underwriter, broker or dealer in the securities industry, or as an affiliated person, director or employee of an investment company, bank, savings and loan association, or insurance company or from engaging in or continuing any conduct or practice in connection with any such activity or in connection with the purchase or sale of any securities.





17




--------------------------------------------------------------------------------





No Executive Officer or Director of the Corporation has been convicted in any criminal proceeding (excluding traffic violations) or is the subject of a criminal proceeding which is currently pending.



No Executive Officer or Director of the Corporation is the subject of any pending legal proceedings.



Section 16(a) Beneficial Ownership Reporting Compliance



Section 16(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), requires our executive officers and directors, and persons who beneficially own more than ten percent of our common stock, to file initial reports of ownership and reports of changes in ownership with the SEC. Executive officers, directors and greater than ten percent beneficial owners are required by SEC regulations to furnish us with copies of all Section 16(a) forms they file. Based upon a review of the copies of such forms furnished to us and written representations from our executive officers and directors, we believe that during the year ended 2004, Stephen W. Carnes filed all forms 3, forms 4 and forms 5 on a timely basis.



Audit Committee and Financial Expert



We do not have an Audit Committee, Stephen W. Carnes, our sole director, performs some of the same functions of an Audit Committee, such as: recommending a firm of independent certified public accountants to audit the annual financial statements; reviewing the independent auditors independence, the financial statements and their audit report; and reviewing management`s administration of the system of internal accounting controls. The Company does not currently have a written audit committee charter or similar document.



We have no financial expert. We believe the cost related to retaining a financial expert at this time is prohibitive. Further, because of our start-up operations, we believe the services of a financial expert are not warranted.



Code of Ethics



A code of ethics relates to written standards that are reasonably designed to deter wrongdoing and to promote:



(1)
Honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships;

(2)
Full, fair, accurate, timely and understandable disclosure in reports and documents that are filed with, or submitted to, the Commission and in other public communications made by an issuer;

(3)
Compliance with applicable governmental laws, rules and regulations;

(4)
The prompt internal reporting of violations of the code to an appropriate person or persons identified in the code; and

(5)
Accountability for adherence to the code.




We have not adopted a corporate code of ethics that applies to our principal executive officer, principal financial officer, principal accounting officer or controller, or persons



18




--------------------------------------------------------------------------------



performing similar functions in that our sole officer and director serves in all the above capacities.



Our decision to not adopt such a code of ethics results from our having only one officer and director operating as the sole management for the Company. We believe that as a result of the limited interaction, which occurs having a sole officer/director for the Company eliminates the current need for such a code, in that violations of such a code would be reported to the party generating the violation.



Nominating Committee



We do not have a Nominating Committee or Nominating Committee Charter. Stephen W. Carnes, our sole director, performs some of the functions associated with a Nominating Committee. We have elected not to have a Nominating Committee in that we are a development stage company with limited operations and resources.



ITEM 10.
EXECUTIVE COMPENSATION.




The following table sets forth the cash compensation of the Company’s executive officer and director during the last fiscal year of the Company. The remuneration described in the table does not include the cost to the Company of benefits furnished to the named executive officers, including premiums for health insurance and other benefits provided to such individual that are extended in connection with the conduct of the Company’s business.



Summary Compensation Table




Annual Compensation
Long Term

Compensation



Name and Principal Position




Year


Salary

Paid


Accumulative

Accrual (2)
Other

Annual Compensation


Restricted Stock (3)




Options




Other

Stephen W. Carnes, President (1)


2004


$-0-


$356,706.65


-0-


-0-


-0-


-0-


2003
$-0-
$107,667
-0-
$67,500
-0-
-0-










(1)
Mr. Carnes was appointed officer and director of the Company on July 15, 2003.

(2)
Mr. Carnes agreed to accrue such portions of his salary as deemed relevant by the board of directors until such time as the Company is adequately capitalized and able to pay such salary. Total accruals include $11,900 in accrued automobile allowance, and accrued salary of $344,166.65. Additionally, Mr. Carnes has advanced $640.01 to the Company which is not indicated in the above Table, however is an accrued reimbursement.

(3)
Concurrent with joining the Company Mr. Carnes was issued 45,000,000 (post split) shares of common restricted stock of the Company which were valued, at the time by the Company at $67,500. This issuance is not considered to be a recurring expense.








Employment Agreement





19




--------------------------------------------------------------------------------





On September 3, 2003, we entered into an Employment Agreement with Stephen W. Carnes, wherein Mr. Carnes agreed to serve as the Chairman of the Board, President and Chief Executive Officer of the Company. The term of the Agreement is for a period of three years, it commenced on August 1, 2003 and will expire on July 31, 2006. We agreed to pay Mr. Carnes a salary at an annual rate equal to the sum of $250,000. A bonus in the amount of $500,000 will be paid to Mr. Carnes upon successfully completing the opening or merger/acquisition of our first operating business unit. A bonus of $250,000 will be compensated to Mr. Carnes for each additional merger and/or acquisition and/or business unit start-up Mr. Carnes brings to the Company. Mr. Carnes will also receive an automobile allowance of $700 per month. Mr. Carnes has agreed to accrue such portions of his salary as deemed relevant by the board of directors until such time as the Company is adequately capitalized and able to pay such salary.



Termination of Employment



There are no compensatory plans or arrangements, other than those described above, including payments to be received from the Company, with respect to any person named in Cash Consideration set out above which would in any way result in payments to any such person because of his resignation, retirement, or other termination of such person’s employment with the Company or its subsidiaries, or any change in control of the Company, or a change in the person’s responsibilities following a change in control of the Company.



Compensation of Directors



All directors will be reimbursed for expenses incurred in attending Board or committee, when established, meetings.



ITEM 11.
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT.




The following table presents information, to the best of our knowledge, about the beneficial ownership of our common stock on March 1, 2005 relating to the beneficial ownership of our common stock by those persons known to beneficially own more than 5% of our capital stock and by our director and executive officer. The percentage of beneficial ownership for the following table is based on 214,149,409 shares of common stock outstanding.



Beneficial ownership is determined in accordance with the rules of the Securities and Exchange Commission and does not necessarily indicate beneficial ownership for any other purpose. Under these rules, beneficial ownership includes those shares of common stock over which the stockholder has sole or shared voting or investment power. It also includes shares of common stock that the stockholder has a right to acquire within 60 days through the exercise of any option, warrant or other right. The percentage ownership of the outstanding common stock, however, is based on the assumption, expressly required by the rules of the Securities and Exchange Commission, that only the person or entity whose ownership is being reported has converted options or warrants into shares of our common stock.



Security Ownership of Management



20




--------------------------------------------------------------------------------









Name of Beneficial Owner (1)



Number

of Shares

Percent

Beneficially

Owned (2)

Stephen W. Carnes

4185 West Lake Mary Blvd., Ste. 137

Lake Mary, Florida 32746

45,000,000

21%

Director & Officer

45,000,000

21%


(1)
As used in this table, “beneficial ownership” means the sole or shared power to vote, or to direct the voting of, a security, or the sole or shared investment power with respect to a security (i.e., the power to dispose of, or to direct the disposition of, a security).


(2)
Rounded to the nearest whole percentage.




Security Ownership of Certain Beneficial Owners





Name of Beneficial Owner (1)



Number

of Shares

Percent

Beneficially

Owned (2)

Cornell Capital Partners LP

101 Hudson St., Ste. 3700

Jersey City, NJ 07302

10,526,315

5%

Beneficial Owner

10,526,315

5%


(1)
As used in this table, “beneficial ownership

[SlayGrosswildjaeger]

Time & Sales
Price Size Exch Time
0.0034 140000 OBB 15:58:11
0.0034 200000 OBB 15:57:25
0.0034 2000 OBB 15:55:44
0.0034 200000 OBB 15:55:41
0.0034 5000 OBB 15:55:16
0.0032 50000 OBB 15:44:21
0.0032 50000 OBB 15:43:51
0.0032 50000 OBB 15:43:47
0.0032 50000 OBB 15:43:47
0.0033 250000 OBB 15:41:41
0.0033 5000 OBB 15:37:57
0.0034 50000 OBB 14:30:06
0.0034 100000 OBB 14:13:35
0.0032 415000 OBB 13:40:59
0.0034 45000 OBB 13:38:02
0.0034 5000 OBB 13:37:25
0.0033 400000 OBB 13:12:33
0.0033 445000 OBB 13:12:29
0.0033 150000 OBB 13:01:26
0.0033 5000 OBB 13:00:05
0.0033 191330 OBB 12:57:17
0.0033 300000 OBB 12:57:12
0.0035 5000 OBB 12:13:47
0.0035 50000 OBB 12:13:26
0.0037 8670 OBB 11:52:14
0.0037 8670 OBB 11:52:08
0.0035 55000 OBB 11:52:00
0.0035 5000 OBB 11:51:23
0.0037 5000 OBB 11:37:49
0.0037 5000 OBB 11:37:34

[SlayGrosswildjaeger]

Market Depth For Renovo Holdings Delayed (6:05 PM EDT)

Level II Quotebook
Time MMID Size Bid
12:13 Close
Maxim Group LLC

NEW YORK, NY
212-895-3680

800-261-0498

OTCBB
212-895-3874

FOREIGN TRADING
212-895-3897
MAXM 50 0.0032
13:18 Close
Hudson Securities, Inc.

JERSEY CITY, NJ
201-216-9100

JERSEY CITY, NJ
800-624-0050

JERSEY CITY, NJ
212-227-7733

INSTITUTIONAL SALES
800-419-9187

201-216-0375

COLORADO
888-576-1828

BOCA RATON, FL
800-898-2777

INTERNATIONAL
888-306-1998

561-361-0951

CANADIAN ARB
201-216-1475
HDSN 50 0.0032
15:43 Close
Seton Securities Group, Inc.

NASDAQ TRADING
732-936-9222

OTCBB AND PINKS
732-936-9222
SSGI 50 0.0032
07:30 Close
WM. V. FRANKEL & CO., INCORPORATED

JERSEY CITY, NJ
201-434-5005

NEW YORK, NY
212-943-6633

NEW YORK, NY
800-631-3091
FRAN 50 0.003
07:30 Close
Hill Thompson Magid and Co., Inc.

JERSEY CITY, NJ
201-434-8100

JERSEY CITY, NJ
212-233-2200

NASDAQ TRADING
800-631-3083

ADR TRADING
800-879-9842

CANADIAN EQUITIES
866-235-7016

BANK STOCKS
866-291-6316

CHICAGO, IL
800-999-8073

CHICAGO, IL
312-372-3828
HILL 50 0.003
15:41 Close
UBS Capital Markets L.P.

JERSEY CITY, NJ
N/A

DOMESTIC TRADING
212-514-5140

FOREIGN/ADR TRADING
212-804-3354

OTC BB/PINK TRADING
800-631-3094

DEALER/SALES TRADING
800-213-2923
SCHB 50 0.003
15:55 Close
TD Waterhouse Capital Markets, Inc.

OTC TRADING
201-369-8830

BULLETIN BOARD
201-369-8889

BULLETIN BOARD
800-500-3905

DEALER/INST SALES
201-369-1000

DEALER/INST SALES
800-369-5775
TDCM 50 0.003
15:55 Close
Knight Equity Markets, L.P.

NASDAQ TRADING
800-222-4910

NASDAQ TRADING
888-515-0031

BULLETIN BOARD
800-232-3684

DELISTING/BANKRUPTCY
212-336-8656

DELISTING/BANKRUPTCY
212-336-8791

DELISTING/BANKRUPTCY
212-336-8792

INTERNATIONAL
800-762-0271

BROKER/DEALER DESK
888-302-9197

INSTITUTIONAL DESK
800-222-4895

FOREIGN BULLETIN BD
212-336-8841

HELP DESK
888-931-HELP
NITE 50 0.003
07:30 Close
Tradition Asiel Securities Inc.

NASDAQ
212-791-4770

OTCBB
212-791-5335
TASL 50 0.0026
07:30 Close
Sterne Agee Capital Markets, Inc.

BOCA RATON, FL
561-368-8373

BOCA RATON, FL
800-930-3536

DEALER SALES, FRANK
800-979-4568
SACM 50 0.0024
07:30 Close
DOMESTIC SECURITIES, INC.

EDISON, NJ - OTC
732-661-0300

MONTVALE, NJ OTC
201-782-0009

MONTVALE, NJ HQ
201-782-0888
DOMS 50 0.0024
07:30 Close
JEFFERIES & COMPANY, INC.

BULLETIN BOARD TRDG
212-336-7007

BROKER DEALER
877-350-2855

NASDAQ TRADING
972-701-3100

DALLAS TX
800-527-6816

AGENCY TRADING
972-701-3250

DALLAS TX
877-273-9728

LOS ANGELES
310-914-1163

STAMFORD CT.
203-708-5910

866-682-2398

INTL TRADING
203-708-5890

800-525-8620

877-350-BULL

LISTED TRADING
973-912-2790

CONVERTIBLES
203-708-5868

BROKER/DEALER DESK
212-336-7007
JEFF 50 0.002
07:30 Close
VFINANCE INVESTMENTS, INC

OTCBB/PINK SHEETS
800-487-0577

OTCBB/PINK SHEETS
561-981-1314

NEW JERSEY
908-782-4469

NEW YORK
908-782-4469

PHILADELPHIA
856-234-2900
VFIN 50 0.002
07:30 Close
SEABOARD SECURITIES, INC.

NASDAQ/OTCBB
973-514-1699

FLORHAM PK, NJ
973-514-1500

AGENCY DESK
973-514-1678

JUNO BEACH FL.
561-630-6170
SEAB 50 0.002
07:30 Close
The Vertical Group, Inc.
VERT 50 0.002
14:30 Close
E*Trade Capital Markets LLC

CHICAGO, IL
312-986-8822

NASDAQ TRADING
800-638-8602

BULLETIN BOARD
888-714-0505

312-294-7824

AGENCY
800-469-7606

AGENCY
312-294-7823

INTERNATIONAL
312-294-7760

OTCBB EMERGENCY B/U
312-431-1268
ETRD 50 0.0015
07:30 Close
INTL Trading, Inc.

ORLANDO FL
407-741-5399

800-541-1977

OTCBB DESK
800-327-5703

OTCBB DESK
407-741-5394

NEW YORK, NY
212-485-3545
INTL 50 0.0005
18:02 Close
Bear, Stearns & Co. Inc.

NEW YORK NY
212-272-4810

OTCBB/PINK SHEETS
212-272-4975

NASDAQ TRADING
800-247-7882

EMERGING MARKETS
212-272-9297

INTERNATIONAL
212-272-4580

ARBITRAGE
212-272-4506

PREFERRED
212-272-5104

PREFERRED
800-231-8892

CONVERTIBLES
212-272-4484

HIGH YIELD DEPT
212-272-5100

OTCBB/PINK SHEETS
212-272-4975
BEST 50 0.0005
07:30 Close
Sky Capital LLC

WATTS
866-759-2785

INTERNATIONAL
732-933-7520

OTCBB
732-933-7525
SKYC 50 0.0001
11:04 Close
Fulcrum Global Partners LLC

OTCBB DESK
212-803-7046

OTCBB BROKER/DEALER
212-803-7070

CANADIAN/FOREIGN DSK
212-803-9026
FLCR 50 0.0001
07:30 Close
Track ECN (DATA)

MAIN
888-287-8832

TRADING DESK
718-923-3082
DATA 0 0.00
07:30 Close
Track ECN

MAIN
888-287-8832

TRADING DESK
718-923-3177
TRAC 0 0.00
17:46 Close
Archipelago Trading Services, Inc.

TRADING DESK
312-442-7700
GNET 0 0.00







Ask Size MMID Time
0.0034 50 Close
E*Trade Capital Markets LLC

CHICAGO, IL
312-986-8822

NASDAQ TRADING
800-638-8602

BULLETIN BOARD
888-714-0505

312-294-7824

AGENCY
800-469-7606

AGENCY
312-294-7823

INTERNATIONAL
312-294-7760

OTCBB EMERGENCY B/U
312-431-1268
ETRD 14:30
0.0035 50 Close
Seton Securities Group, Inc.

NASDAQ TRADING
732-936-9222

OTCBB AND PINKS
732-936-9222
SSGI 15:43
0.0038 50 Close
UBS Capital Markets L.P.

JERSEY CITY, NJ
N/A

DOMESTIC TRADING
212-514-5140

FOREIGN/ADR TRADING
212-804-3354

OTC BB/PINK TRADING
800-631-3094

DEALER/SALES TRADING
800-213-2923
SCHB 15:41
0.004 50 Close
Fulcrum Global Partners LLC

OTCBB DESK
212-803-7046

OTCBB BROKER/DEALER
212-803-7070

CANADIAN/FOREIGN DSK
212-803-9026
FLCR 11:04
0.004 50 Close
TD Waterhouse Capital Markets, Inc.

OTC TRADING
201-369-8830

BULLETIN BOARD
201-369-8889

BULLETIN BOARD
800-500-3905

DEALER/INST SALES
201-369-1000

DEALER/INST SALES
800-369-5775
TDCM 15:55
0.004 50 Close
Knight Equity Markets, L.P.

NASDAQ TRADING
800-222-4910

NASDAQ TRADING
888-515-0031

BULLETIN BOARD
800-232-3684

DELISTING/BANKRUPTCY
212-336-8656

DELISTING/BANKRUPTCY
212-336-8791

DELISTING/BANKRUPTCY
212-336-8792

INTERNATIONAL
800-762-0271

BROKER/DEALER DESK
888-302-9197

INSTITUTIONAL DESK
800-222-4895

FOREIGN BULLETIN BD
212-336-8841

HELP DESK
888-931-HELP
NITE 15:55
0.0041 50 Close
Sterne Agee Capital Markets, Inc.

BOCA RATON, FL
561-368-8373

BOCA RATON, FL
800-930-3536

DEALER SALES, FRANK
800-979-4568
SACM 07:30
0.0041 50 Close
SEABOARD SECURITIES, INC.

NASDAQ/OTCBB
973-514-1699

FLORHAM PK, NJ
973-514-1500

AGENCY DESK
973-514-1678

JUNO BEACH FL.
561-630-6170
SEAB 07:30
0.0045 50 Close
JEFFERIES & COMPANY, INC.

BULLETIN BOARD TRDG
212-336-7007

BROKER DEALER
877-350-2855

NASDAQ TRADING
972-701-3100

DALLAS TX
800-527-6816

AGENCY TRADING
972-701-3250

DALLAS TX
877-273-9728

LOS ANGELES
310-914-1163

STAMFORD CT.
203-708-5910

866-682-2398

INTL TRADING
203-708-5890

800-525-8620

877-350-BULL

LISTED TRADING
973-912-2790

CONVERTIBLES
203-708-5868

BROKER/DEALER DESK
212-336-7007
JEFF 07:30
0.0045 50 Close
DOMESTIC SECURITIES, INC.

EDISON, NJ - OTC
732-661-0300

MONTVALE, NJ OTC
201-782-0009

MONTVALE, NJ HQ
201-782-0888
DOMS 07:30
0.006 50 Close
Hill Thompson Magid and Co., Inc.

JERSEY CITY, NJ
201-434-8100

JERSEY CITY, NJ
212-233-2200

NASDAQ TRADING
800-631-3083

ADR TRADING
800-879-9842

CANADIAN EQUITIES
866-235-7016

BANK STOCKS
866-291-6316

CHICAGO, IL
800-999-8073

CHICAGO, IL
312-372-3828
HILL 07:30
0.006 50 Close
Maxim Group LLC

NEW YORK, NY
212-895-3680

800-261-0498

OTCBB
212-895-3874

FOREIGN TRADING
212-895-3897
MAXM 12:13
0.006 50 Close
Hudson Securities, Inc.

JERSEY CITY, NJ
201-216-9100

JERSEY CITY, NJ
800-624-0050

JERSEY CITY, NJ
212-227-7733

INSTITUTIONAL SALES
800-419-9187

201-216-0375

COLORADO
888-576-1828

BOCA RATON, FL
800-898-2777

INTERNATIONAL
888-306-1998

561-361-0951

CANADIAN ARB
201-216-1475
HDSN 13:18
0.0069 50 Close
Tradition Asiel Securities Inc.

NASDAQ
212-791-4770

OTCBB
212-791-5335
TASL 07:30
0.0075 50 Close
The Vertical Group, Inc.
VERT 07:30
0.01 50 Close
WM. V. FRANKEL & CO., INCORPORATED

JERSEY CITY, NJ
201-434-5005

NEW YORK, NY
212-943-6633

NEW YORK, NY
800-631-3091
FRAN 07:30
0.01 50 Close
VFINANCE INVESTMENTS, INC

OTCBB/PINK SHEETS
800-487-0577

OTCBB/PINK SHEETS
561-981-1314

NEW JERSEY
908-782-4469

NEW YORK
908-782-4469

PHILADELPHIA
856-234-2900
VFIN 07:30
0.01 50 Close
INTL Trading, Inc.

ORLANDO FL
407-741-5399

800-541-1977

OTCBB DESK
800-327-5703

OTCBB DESK
407-741-5394

NEW YORK, NY
212-485-3545
INTL 07:30
0.015 50 Close
Bear, Stearns & Co. Inc.

NEW YORK NY
212-272-4810

OTCBB/PINK SHEETS
212-272-4975

NASDAQ TRADING
800-247-7882

EMERGING MARKETS
212-272-9297

INTERNATIONAL
212-272-4580

ARBITRAGE
212-272-4506

PREFERRED
212-272-5104

PREFERRED
800-231-8892

CONVERTIBLES
212-272-4484

HIGH YIELD DEPT
212-272-5100

OTCBB/PINK SHEETS
212-272-4975
BEST 18:02
0.05 50 Close
Sky Capital LLC

WATTS
866-759-2785

INTERNATIONAL
732-933-7520

OTCBB
732-933-7525
SKYC 07:30
0.00 0 Close
Archipelago Trading Services, Inc.

TRADING DESK
312-442-7700
GNET 17:46










Time & Sales
Price Size Exch Time
0.0034 140000 OBB 15:58:11
0.0034 200000 OBB 15:57:25
0.0034 2000 OBB 15:55:44
0.0034 200000 OBB 15:55:41
0.0034 5000 OBB 15:55:16
0.0032 50000 OBB 15:44:21
0.0032 50000 OBB 15:43:51
0.0032 50000 OBB 15:43:47
0.0032 50000 OBB 15:43:47
0.0033 250000 OBB 15:41:41
0.0033 5000 OBB 15:37:57
0.0034 50000 OBB 14:30:06
0.0034 100000 OBB 14:13:35
0.0032 415000 OBB 13:40:59
0.0034 45000 OBB 13:38:02
0.0034 5000 OBB 13:37:25
0.0033 400000 OBB 13:12:33
0.0033 445000 OBB 13:12:29
0.0033 150000 OBB 13:01:26
0.0033 5000 OBB 13:00:05
0.0033 191330 OBB 12:57:17
0.0033 300000 OBB 12:57:12
0.0035 5000 OBB 12:13:47
0.0035 50000 OBB 12:13:26
0.0037 8670 OBB 11:52:14
0.0037 8670 OBB 11:52:08
0.0035 55000 OBB 11:52:00
0.0035 5000 OBB 11:51:23
0.0037 5000 OBB 11:37:49
0.0037 5000 OBB 11:37:34

[SlayGrosswildjaeger]

Last Price
0.0034
Change $
0.0001
Change %
2.86%
Tick


Bid
0.0032
Bid Size
5000
Ask
0.0034
Ask Size
5000

Open
0.0034
High
0.0038
Low
0.0031
Prev Close
0.0035

Last Trade
9/16/05
Volume
5.26 m
52 Wk Hi
0.05
52 Wk Lo
0.0002

Market Cap
970.63 k
Ex-Div Date
N/A
Div. Rate
N/A
Yield
N/A

Shares
285.48 m
EPS (TTM)
N/A
PE Ratio
N/A
Exchange
OBB

[Stephan0603]

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[SlayGrosswildjaeger]

[SlayGrosswildjaeger]

Überverkauft hehehehe!!!

By: golf4uto
15 Sep 2005, 06:02 PM EDT
Msg. 3045 of 3062
(This msg. is a reply to 3040 by ocean231.)
Jump to msg. #
check this one out..... go to the website and you will rececive this message:

The Renovo Holdings website is presently not available. We apologize for the inconvenience.

just maybe we will be heading to much higher levels very shortly. Almost a perfect storm!! the Golden Cross ocurred today, closed @ 10mda, bounced hard for a second confirmation over .002, oversold currently and as was seen today, any volume ticked the ask to much higher levels.

This could be the one!!!

long 12mm+... lots of eggs in this basket!!

great luck to all, golf

[SlayGrosswildjaeger]

Das Beste aus dem veröffentlichten 10-QSB!!

...As of June 30, 2005, we have been in preliminary discussions with a private company interested in a potential merger with us..

FUSION??? Hey das wärs! Die nächste Rakete?

Jungs, locker bleiben und dabei bleiben! Hier kommt was! Glaubt ihr nicht?

[SlayGrosswildjaeger]

Posting aus Ragingbull:

GUYS, I GOT THE FEELINGS THAT WE ARE GOING TO GET A BIG NEWS SOON,GET IN BEFORE IS TO LATE.SOMETHING HUGE TO HAPPEN, AND THIS STOCK WILL SHOOT TO THE MOON!


Nachdem der Kurs konsolidierte, will jetzt keiner mehr verkaufen.


Welche auch !!!!!!!


AMIS VERKAUFEN AM FREITAG IMMER!!!!!!!!

[SlayGrosswildjaeger]

Im Yahoo Board habe ich folgendes Posting gefunden:

Hurricane Katrina costs $9.5 billion...how much goes to RNVO ...the leader in catastrophe relief (per their website )



ausserdem spekulieren einige Mitglieder im Raging Bull Board, dass der merger SLGS ist.
Das macht Sinn, da Steve Carnes President + CEO bei beiden Gesellschaften ist.

Hierzu auch ein Posting:

I JUST SAW THAT TOO, MAN IF THAT IS TRUE,WE WILL BE HITTING FOR SOMETHING HUGH, BECAUSE THIS COMPANY SLGS IS FOR REAL.GOOD DD.THE COMPANY IS LOCATED IN FLORIDA.GLTAL

[SlayGrosswildjaeger]

Bestand der Shortieverbrenngemeinschaft!!!:

CEO 245.000.000
Stephan 3.032.598 (VK ULTIMO 10 EURO!)
weing 2.800.000
chochera10 2.000.000 (Aktionär aus USA!!!)
kawasaki 2.000.000
Slay 1.000.000 (VK ULTIMO 10 EURO!)
Money4Life 800.000
gauner 650.000
Toth 500.000
hunnifunny 400.000
janfer 400.000
walfänger 125.000
rainmann 100.000

habt ihr vk-orders ultimo gesetzt, zum Schutz vor Hedgern/Shorties, damit die Aktien gesperrt und somit nicht verleihbar sind!!?? Wenn nich, schell machen!!

Gesamt 258.807.598

Noch ein paar bis zu 285 mil.

UND die Shortis haben ausgeshortet!!!!

wer hat noch renovo aktien und ist noch nicht aufgeführt?? bitte melden und bitte in den ami boards nachfragen und mit unserer liste sammeln gehen!

[SlayGrosswildjaeger]

Durch die erfolgte Konsolidierung ist nun ein idealer Einstiegspunkt erreicht.
Zumindest aber sollte man den Wert auf seiner Wachliste haben, um bei dem bevorstenden Hype dabei zu sein.

[SlayGrosswildjaeger]

Es handelt sich hierbei um einen Insiderkauf in einer Größenordnung die man selten erlebt hat.
Durch den geringen freefloat von nur 40.000.000 Stück, ist der Markt sehr eng und es sollten schnell 1000% und mehr erreicht werden.



EXPLOSION!!!!!!!!!!!!!!!!!

[SlayGrosswildjaeger]

Nach einer größeren Konsolidierungsphase steht der Kurs jetzt bei 0,0034 USD.
Es sollte bald einen massiven erneuten Kursausbruch geben .

[SlayGrosswildjaeger]

Gerüchten nach zu Folge soll es wahrscheinlich zu einer Fusion mit einer anderen Firma kommen. Aber auf jeden Fall stehen gute News unmittelbar bevor!!!!!

[Stephan0603]

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[SlayGrosswildjaeger]

Es handelt sich hierbei um einen Insiderkauf in einer Größenordnung die man selten erlebt hat.
Durch den geringen freefloat von nur 40.000.000 Stück, ist der Markt sehr eng und es sollten schnell 1000% und mehr erreicht werden.

[SlayGrosswildjaeger]

Im Yahoo Board habe ich folgendes Posting gefunden:

Hurricane Katrina costs $9.5 billion...how much goes to RNVO ...the leader in catastrophe relief (per their website )



ausserdem spekulieren einige Mitglieder im Raging Bull Board, dass der merger SLGS ist.
Das macht Sinn, da Steve Carnes President + CEO bei beiden Gesellschaften ist.

Hierzu auch ein Posting:

I JUST SAW THAT TOO, MAN IF THAT IS TRUE,WE WILL BE HITTING FOR SOMETHING HUGH, BECAUSE THIS COMPANY SLGS IS FOR REAL.GOOD DD.THE COMPANY IS LOCATED IN FLORIDA.GLTAL

[SlayGrosswildjaeger]

By: chochera10
15 Sep 2005, 06:56 AM EDT
Msg. 2999 of 3062
Jump to msg. #
IF YOU LOOK AT SGLS RECORDS, YOU WILL FIND OUT THAT CARNES ALSO FORMER CEO, BOUGHT 300,000.000 M SHARES OF SGLS AT 0.0005 ON 10/24/04 . THEN ON 04/28/05 HE PURCHASED 40,000.000 SAME SHARES AT 0.007. SO AFTER HIS FIST PURCHASED, THE STOCK SHUT UP 700%, THEN HE BOUGHT 40 MILLIONS MORE AND NOW SUCH STOCK IS ABOVE 0.02.GO FIGURE WHY?AND I THINK SAME PATTERN WITH RNVO, JUST BE PATIENT AND WAIT FOR RESULT.GLTAL.

[SlayGrosswildjaeger]

ein netter auszug aus dem comdirect forum:

Renovo einmalige Einstiegsgelegenheit

Renovo Holdings WKN: A0B6J8

Der Vorstand von Renovo hat vor ca. zwei Wochen 200.000.000 eigene Aktien gekauft.
Der CEO besitzt damit 245.000.000 aller Aktien.
Im freefloat befinden sich lediglich noch 40.000.000 Aktien.

Shares Outstanding: 285,479,000
lt. Quotes.Nasdaq.com

Insider
CARNES, STEPHEN W.

Relation LastDate FormType TransType OwnType
PR...08/22/2005.....Form 4...........PB........... ..D

SharesTraded...LastPrice. ......SharesHeld
200,000,000........-..... ..........245,000,000



Der Kurs konnte nach der Bekanntgabe rund 530% zulegen (0,0071 USD),
Tageshoch waren sogar 720%.
Nach einer größeren Konsolidierungsphase steht der Kurs jetzt bei 0,0034 USD.
Es sollte bald einen massiven erneuten Kursausbruch geben .

Charttechnisch sieht es super aus.
http://stockcharts.com/de f/servlet/SC.web?c=rnvo,u u [h,a]decayiay[dc][pb50!b200!d20,2!h.02,.20!b32!b10!f][vc60][iub7!le12,26,9!lv25!lk14!la8,24,8!lc12!ls12,26,9][j30525747,y

Gerüchten nach zu Folge soll es wahrscheinlich zu einer Fusion mit einer anderen Firma kommen. Aber auf jeden Fall stehen gute News unmittelbar bevor.
Es handelt sich hierbei um einen Insiderkauf in einer Größenordnung die man selten erlebt hat.
Durch den geringen freefloat von nur 40.000.000 Stück, ist der Markt sehr eng und es sollten schnell 1000% und mehr erreicht werden.
Durch die erfolgte Konsolidierung ist nun ein idealer Einstiegspunkt erreicht.
Zumindest aber sollte man den Wert auf seiner Wachliste haben, um bei dem bevorstenden Hype dabei zu sein.

Gruß: Nemesis

recht hat er

außer das man auf jeden Fall sofor einsteigen sollte

[SlayGrosswildjaeger]

das ist der us user der 2 mio hält!!

By: chochera10
15 Sep 2005, 06:24 PM EDT
Msg. 3046 of 3062
(This msg. is a reply to 3045 by golf4uto.)
Jump to msg. #
GOOD OBSERVATION GOLF4AUTO.I`M HOLDING ONLY 2M AT 0.0005. WHAT WAS YOUR ENTRY POINT? GLTAL.

[SlayGrosswildjaeger]

Überverkauft hehehehe!!!

By: golf4uto
15 Sep 2005, 06:02 PM EDT
Msg. 3045 of 3062
(This msg. is a reply to 3040 by ocean231.)
Jump to msg. #
check this one out..... go to the website and you will rececive this message:

The Renovo Holdings website is presently not available. We apologize for the inconvenience.

just maybe we will be heading to much higher levels very shortly. Almost a perfect storm!! the Golden Cross ocurred today, closed @ 10mda, bounced hard for a second confirmation over .002, oversold currently and as was seen today, any volume ticked the ask to much higher levels.

This could be the one!!!

long 12mm+... lots of eggs in this basket!!

great luck to all, golf

[SlayGrosswildjaeger]

Das wär das Ultimo: alle Aktien ausverkauft! US explodiert, weil die Shorties keine Aktien mehr zurückkaufen können, weil keine mehr da sind! Das wär soooooooooooo geil!!

[SlayGrosswildjaeger]

Hier der INSIDERKAUF VOM CEO!! 200.000.000 MIO zu seinen 45.000.000 zugekauft - er hält 245.000.000 aktien von 286.000.000

RENOVO HOLDINGS: 4/A, Sub-Doc 1 BACK PRINT THIS PAGE CLOSE WINDOW
FORM 4/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2008
Estimated average burden
hours per response 0.5



Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*CARNES STEPHEN

--------------------------------------------------------------------------------
(Last) (First) (Middle)
4185 W. LAKE MARY BLVD, #137


--------------------------------------------------------------------------------
(Street)LAKE MARY FL 32746

--------------------------------------------------------------------------------
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
RENOVO HOLDINGS [RNVO] 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)X Director X 10% Owner
X Officer (give title below) Other (specify below)
President/Secretary/Treasurer

3. Date of Earliest Transaction (Month/Day/Year)
08/22/2005
4. If Amendment, Date of Original Filed (Month/Day/Year)
09/06/2005 6. Individual or Joint/Group Filing (Check Applicable Line)X Form filed by One Reporting Person
Form filed by More than One Reporting Person



Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common 08/22/2005 08/22/2005 P 200,000,000 A $ 120,000 245,000,000 D


Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date
(Month/Day/Year) 7. Title and Amount of Underlying Securities
(Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4) 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
Stephen W. Carnes 09/06/2005
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.


Copyright © 2005 QuoteMedia. All rights reserved. Terms of Use.
Financial data powered by QuoteMedia, www.quotemedia.com, SEC filings by 10kWizard

[Stephan0603]

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[SlayGrosswildjaeger]

Platz Vortag Wertpapier Kurs Diff. Vortag Postings
1. NEU ! RENOVO HOLDINGS 0,00 -2,86 % 445
2. (1.) PRIMACOM AG 4,40 +51,72 % 367
3. (9.) CBB HOLDING AG 0,17 -2,87 % 176
4. (19.) WORLDWATER CORP 0,45 -8,16 % 112
5. (2.) ENERGULF RESOURCES INC 2,65 +5,58 % 105
6. (8.) BIOPHAN TECHNOLOGIES INC 2,00 0,00 % 63
7. (21.) CARDERO RES CORP. 2,39 -2,05 % 62
8. (4.) DAX (PERFORMANCEINDEX) 4.986,50 +1,64 % 61
9. (22.) FORTIS ENTERPRISES 0,00 0,00 % 49
10. (3.) IVI COMMUNICATIONS INC 0,31 -3,13 % 49
11. (30.) PALLADON VENTURES LT 0,48 -5,88 % 47
12. (5.) AMERA RESOURCES CORP 0,56 -9,68 % 27
13. NEU ! ADVANCED MICRO DEVICES INC 18,50 -4,69 % 27
14. (45.) NETTEL HOLDINGS INC 0,20 -4,76 % 25
15. (10.) S31 HOLDINGS INC 0,00 +100,00 % 25
16. (23.) L.A.M. PHARMACEU.D 0,03 +38,89 % 22
17. (35.) AQUA SOCIETY INC 1,89 +13,17 % 22
18. (20.) INTERTAINMENT AG 1,43 -4,67 % 21
19. (34.) EXETER RESOURCES CORP 0,73 +7,35 % 18
20. (44.) MORPHOSYS AG 35,21 +1,79 % 18
21. NEU ! GPC BIOTECH AG 10,54 +0,48 % 18
22. NEU ! SOLARWORLD AG 109,49 -3,52 % 17
23. (24.) CHINA EVERGREEN ENVIRON 0,23 -17,86 % 17
24. NEU ! FLUXX.COM AKTIENGESELLSCHAFT 10,46 +4,60 % 16
25. NEU ! SANGUI BIOTECH INTERNATIONAL, INCORPORATED 0,14 -2,82 % 16
26. (25.) WCM BETEILIGUNGS-UND GRUNDBESITZ-AG 0,54 -3,57 % 15
27. (26.) GAMEZNFLIX INC 0,00 0,00 % 14
28. (50.) HYDROFLO INC 0,57 +5,56 % 14
29. (49.) AUMEGA DISCOVERIES LTD 0,32 +6,67 % 13
30. NEU ! F.A.M.E. AG KONV. 4,56 -5,39 % 13
31. NEU ! WAPME SYSTEMS AG 1,33 -2,21 % 13
32. (36.) IFEX INNOVAT.FIN. 0,36 +2,86 % 13
33. NEU ! TELE ATLAS N.V. 23,00 +4,17 % 12
34. (18.) US MICROBICS 0,03 -10,53 % 12
35. NEU ! BRAIN FORCE SOFTWARE AG 3,64 +3,12 % 12
36. (38.) CO DON AG 7,20 +17,07 % 11
37. (28.) FARMATIC BIOTECH ENERGY AG 0,21 +20,57 % 10
38. (7.) PLANET LINK COMMUNICATIONS 0,01 +7,69 % 10
39. NEU ! SOFTBANK INVESTMENT INTERNATIONAL (STRATEGIC) L... 0,01 +16,67 % 10
40. (6.) TOURNIGAN GOLD COR 0,32 +10,34 % 10
41. NEU ! MET@BOX AG 0,08 0,00 % 10
42. NEU ! SOHU.COM INC. 14,10 -1,47 % 10
43. NEU ! SALZGITTER AG 36,36 -3,04 % 9
44. NEU ! HIT INTERNATIONAL TRADING AG 26,00 -6,31 % 9
45. NEU ! ALLIANZ AG 107,00 +1,41 % 9
46. (41.) BARNABUS ENERGY INC. REG. SHARES DL -,001 1,59 -5,36 % 9
47. NEU ! MEDIGENE AG 8,07 +0,37 % 9
48. (39.) FANTASTIC CORPORATION 0,09 0,00 % 8
49. (32.) SEAMLESS WI-FI INC 0,09 0,00 % 8
50. NEU ! NEXIA HLDGS NEW 0,00 0,00 % 8

[OG_Broker]

Das war wieder eine Pusher Aktion. Lasst euch nciht immer so schnell verarschen.

[janfer]

Da bin ich ein paar Stunden weg und stelle nun fest, dass Renovo sich an 1. Stelle bei WO gesetzt hat. Wenn das mal einhergeht mit der zukünftigen Entwicklung, dann Explosion ....!

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[SlayGrosswildjaeger]

[posting]17.938.271 von OG_Broker am 18.09.05 00:57:01[/posting]willst du uns etwa verarschen? von dir jedenfalls nicht!

[SlayGrosswildjaeger]

[posting]17.938.271 von OG_Broker am 18.09.05 00:57:01[/posting]Benutzerprofil
Benutzername: OG_Broker
Registriert seit: 12.08.2005 [ seit 36 Tagen ]
Benutzer ist momentan: Online seit 18.09.2005 00:53:39
Erstellte Themen: 1 [ 161 - Verhältnis Postings zu Threads ]
Alle Threads anzeigen
Erstellte Antworten: 161 [ Durchschnittlich 4,4194 Beiträge/Tag ]
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[SlayGrosswildjaeger]

Hier der INSIDERKAUF VOM CEO!! 200.000.000 MIO zu seinen 45.000.000 zugekauft - er hält 245.000.000 aktien von 286.000.000

RENOVO HOLDINGS: 4/A, Sub-Doc 1 BACK PRINT THIS PAGE CLOSE WINDOW
FORM 4/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2008
Estimated average burden
hours per response 0.5



Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*CARNES STEPHEN

--------------------------------------------------------------------------------
(Last) (First) (Middle)
4185 W. LAKE MARY BLVD, #137


--------------------------------------------------------------------------------
(Street)LAKE MARY FL 32746

--------------------------------------------------------------------------------
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
RENOVO HOLDINGS [RNVO] 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)X Director X 10% Owner
X Officer (give title below) Other (specify below)
President/Secretary/Treasurer

3. Date of Earliest Transaction (Month/Day/Year)
08/22/2005
4. If Amendment, Date of Original Filed (Month/Day/Year)
09/06/2005 6. Individual or Joint/Group Filing (Check Applicable Line)X Form filed by One Reporting Person
Form filed by More than One Reporting Person



Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common 08/22/2005 08/22/2005 P 200,000,000 A $ 120,000 245,000,000 D


Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date
(Month/Day/Year) 7. Title and Amount of Underlying Securities
(Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4) 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
Stephen W. Carnes 09/06/2005
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.


Copyright © 2005 QuoteMedia. All rights reserved. Terms of Use.
Financial data powered by QuoteMedia, www.quotemedia.com, SEC filings by 10kWizard

[SlayGrosswildjaeger]

Wertpapiertyp
Auslandsaktie

Marktsegment
Freiverkehr

Branche
--

Geschäftsjahr
--

Marktkapital.
856.437,00 EUR

Streubesitz
--

Nennwert
--

Stücke
285 Mio. 245 mil. bei co!!!!

Symbol
FO6.BER

ISIN
US75988R1086

WKN
A0B6J8

[SlayGrosswildjaeger]

hier nochmal das posting von kawa, der will auch am montag nochmal nachlegen!!

#121 von Kawasaki 17.09.05 15:52:50 Beitrag Nr.: 17.935.288
Dieses Posting: versenden | melden | drucken | Antwort schreiben


Folgende Antwort bezieht sich auf Beitrag Nr.: 17.935.283 von Stephan0603 am 17.09.05 15:51:51
--------------------------------------------------------------------------------
ich hab ja schon 2mio. würde zu diesen kurs aber am montag noch einmal nachlegen

Kawa

[Stephan0603]

!

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[SlayGrosswildjaeger]

kaum zu glauben, das ein ceo von 285mio. aktien 245mio. hält!

was der wohl vor hat, oder besser gesagt, was der wohl für ein as im ärmel hat?

[Stephan0603]

!

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[SlayGrosswildjaeger]

Es wird immer schwerer für die Shorties

SEC Approves NASD Rule Proposal Requiring Members to
Make Affirmative Determinations for Short Sale Orders
Received from Non-Member Broker/Dealers; Effective
Date: February 20, 2004.

This new rule non-member broker/dealer, and proprietary short sales, the member or person associated with a member must keep a written record of the customer’s or non-member
broker/dealer’s ability to deliver them to the member within three (3) business days.

Naked Shorting will be outlawed after Feb. 20, 2004.

Good luck

sowhat

[SlayGrosswildjaeger]

Guten Morgen

To OTC Journal Members:

Last year I wrote two editions on the problem of Illegal Naked Short Selling on the bulletin board market. Is The Pendulum Swinging In the Regulatory Community? was the April 19th edition. The follow up, entitled The OTC Rebellion, was published on May 18th.

If you are not familiar with the issues surrounding the debate over illegal naked short selling in microcap stocks, now would be a good time to click on either of those links and familiarize yourself with the story.

Last year the SEC began to take regulatory action in several instances where the market was manipulated by illegal short selling. Most of the abuses occurred in one of two specific areas: 1- where a " death spiral" financing has occurred, and a fund manager is illegally shorting against a future convertible security to force the price lower artificially or 2- where microcap stocks which cannot legally be shorted are manipulated by short sellers who execute their trades through Canadian brokerage firms. They get away with this practice because the Canadian firms are not NASD members, and therefore not subject to the same rules. In addition, certain flaws within the DTC (Depository Trust Company) allow the practice to go on. In the May 18th article I wrote about 80 small companies who had withdrawn from the DTC system to attempt to thwart the manipulation of their stock.

As it turns out, the regulatory pendulum is swinging towards dealing with this pervasive problem. Both the SEC and the NASD are in the process of changing the rules to close the loopholes.
The SEC`s Proposed Rule Change


The SEC has proposed a rule change to help deal with the problem of illegal naked short selling. Proposed Regulation SHO was available for public comment up until January 5th, 2004. The comment period has passed, and one can assume a new rule will go into effect in the near future.

If you want to read the entire text of the proposal, simply Click Here, and you will be taken the the SEC`s web page version of the new rule proposal.

The SEC has the following quote in the introduction to the new rule proposal:


Proposed Regulation SHO would, among other things, require short sellers in all equity securities to locate securities to borrow before selling, and would also impose strict delivery requirements on securities where many sellers have failed to deliver the securities. In part, this action is designed to address the problem of " naked" short selling.
In this excerpt, the SEC spells out the problem:

Many issuers and investors have complained about alleged " naked short selling," especially in thinly-capitalized securities trading over-the-counter. Naked short selling is selling short without borrowing the necessary securities to make delivery, thus potentially resulting in a " fail to deliver" securities to the buyer.

Naked short selling can have a number of negative effects on the market, particularly when the fails to deliver persist for an extended period of time and result in a significantly large unfulfilled delivery obligation at the clearing agency where trades are settled.



The proposed rule change requires broker dealers to take electronic delivery of shares they have purchased within two days of settlement date. On the surface, it would seem this rule will eliminate the massive " open fail to delivers" rampant within the DTC system, and prevent the illegal naked short selling which comes through Canadian broker/dealers.

I am not sure when this new rule will go into effect, but I will try to find out.
The NASD Takes Decisive Action


The NASD (National Association of Securities Dealers) has taken much swifter and more decisive action. A surprise new rule change was announced on January 20th. It effects all NASD broker/dealers, and has already been approved by the SEC.

New Rule 3370 goes into effect on February 20th 2004. This new rule could become the holy grail for bulletin board traded companies. The Rule requires NASD member firms to treat non-member broker dealers as if they were regular customers as regards delivery of any shares that have been sold through a US registered broker/dealer.

Up to February 20th, non NASD member broker dealers (for the most part Canadian brokerage firms) have not been treated as if they were regular customer. They have been awarded a special status which allowed them to keep " open fail to delivers" on their books. Rule 3370 forces the NASD member firms to treat the non-member broker dealers as if they were customer, and forces them to close out their trades in a reasonable time frame by delivering sold shares.
Conclusion


The 90`s roaring bull market, which ended abruptly in March of 2000, led to excesses on the long side. The hangover has continued far beyond the fraudulent practices of Enron and MCI. It extended very deeply into the heart of the mutual fund industry.

The ensuing bear market of the 2000 to 2003 led to the same kinds of excesses on the short side. Manipulative practices of short sellers are much less widespread and more insidious.

Market Makers will still be able to take legal naked short positions to enhance the liquidity of the market, but the SEC has some language to try to prevent extensive abuses by market makers also.

The Regulators in the securities markets are not proactive; they are reactive. A problem is identified, and the machinery slowly starts up to deal with the problem. The wheels turn slowly, but they eventually the system works.

These new regulations are a major step in the right direction for the microcap market. The new regulations will enhance the liquidity of the more thinly traded stocks, making it easier for the companies to raise capital and maximizing their chance to successfully implement their business plans.

I believe the OTC Bulletin Board will evolve into a carbon copy of the NASDAQ Small Cap in the 80`s and early 90`s. The listing requirements were far less stringent back then, and many small stocks traded with a great deal of liquidity.

To paraphrase Yogi Bera: This is Deja Vu all over again.

Here`s an article Dow Jones carried on the new NASD regulation which goes into effect on February 20th:



DJN: DJ IN THE MONEY: NASD Tightens Short Selling/Delivery Rule

NEW YORK (Dow Jones)--Taking most market participants by surprise, the National Associations of Securities Dealers has drastically tightened one of its rules governing short selling. Known as affirmative determination, the NASD rule stipulates that brokers and dealers engaged in a short sale transaction must make sure that shares can be delivered by settlement time, three days later.
" We closed a loophole," said Steve Luparello, executive vice president of Market Regulation at NASD. Until now, non-NASD members, like specialists, option markets and foreign brokers, weren`t covered under the affirmative determination rule. That means that non-NASD members didn`t have to represent to the NASD broker through which they conducted a short sale order that they would be able to deliver the stock by settlement date.

A short seller typically borrows stock from a broker to sell it into the market, betting that the share price will fall so that he can buy the stock back at a lower price and pocket the difference.

The amended NASD affirmative determination rule, which was recently approved by the Securities and Exchange Commission, will particularly affect short sales conducted through foreign brokers, most specifically Canadian brokers which have often been used by investors to sell short the stock of small U.S. companies trading on the Over-the-counter Bulletin Board or OTCBB.

Because it`s often impossible to borrow the shares of companies trading on the OTCBB, investors and hedge funds looking to take negative bets on these often-overvalued development-stage companies have traditionally been trading through Canada where it`s not required to borrow stock before selling it short. The practice is known as naked shorting. That trading avenue has now been effectively closed.

The new NASD rule doesn`t cover Canadian brokers, since most are not members of the association, instead it makes it the responsibility of U.S. brokers trading with non-members to make sure that their counterparts will be able to settle a transaction before completing a short sale. " It`s part of (a broker`s) supervisory responsibilities," NASD`s Luparello said, adding that a non-member`s previous failures to deliver should be a good indication of whether or not it will in fact be able to complete the transaction by the settlement date. Market makers engaged in bone fide market making activities will continue to be exempt from affirmative determination.

Luparello said that, unlike a parallel SEC initiative to tighten short selling rules on the small-cap markets, the new NASD rules did not originate from worries over mounting failures to deliver stock into the national clearing system. But Luparello said the amended NASD rule fits nicely with the new short selling regulations now under consideration by the SEC. " I think it addresses a gap and (shows) that we, like the SEC, are looking at a variety of things in this area," Luparello said.

The NASD proposal was first submitted to the SEC in November 2001, well before alleged abuses of naked shorting became the focal point of a campaign lead by some OTCBB companies in the U.S that say they have been victimized by the practice. While some investors argue that short sellers provide a needed service to the markets, others have called for the complete abolition of short selling because of the undue pressure its puts on the shares of companies. While market participants in the U.S. and abroad are well aware of the new short selling regulations being put forward by the SEC, known as Regulation SHO, most said they knew nothing of the NASD`s plan before it became final.

" It`s taken us by surprise," said Richard Thomas, head of compliance at Canadian brokerage firm Pacific International. Although separate from it, the amended NASD rule fits tightly within the SEC`s SHO which is now under review by the SEC staff after a period during which market participants were invited to comment on it.

As it stands, the new SEC short selling rules will make it easier to short large-cap stocks since they would do away with the " uptick" rule, which bans short selling on a stock when the price is falling. But it when it comes to the small-cap markets, where it`s often impossible to borrow stock, the impact of SHO will be the opposite, making it harder to short sale stock. The new SEC rule sets a predetermined level of so-called clearing fails - cases in which a broker or investor cannot deliver stock within two days after settlement - which will trigger a 90-day blackout whereby the customer will not be allowed to short sell that security. That 90-day exemption would affect trading of U.S. securities in and outside the U.S.

The new NASD affirmative determination rule will take effect on Feb. 20.


Good luck

sowhat

[Stephan0603]

!

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