These guys are OVERSOLD! So if you are new to Erthrenew you can check them out by going to their website where there are three news releases contained:
https://earthrenew.ca/news/
They aren't up on stockhouse if you look for them.
So, just to give a synopsis. They are going to have an ellectric generator up and running soon that runs on natural gas. They will sell the electricity to the Alberta government or cryptocurrency miners. This is phase one which should be running by end of April according to the last news release. This alone will generate some constant revenue. Alberta is currently burning 47% coal electricity so cleaner alternatives such as Natural gas are sought out.
They (earthrenew) raised 1 000 000$ doing a price purchase at 20 some odd cents. To finish phase 1. The cash coming in from phase one's completion should pay for phase 2 (no further dilution hopefully)
Phase 2: the generator is on a farm that has space for between 15 000 to 25000 cows. With the heat being produced by the generator they will dry the manure and then sell it across north america as organic compost. They already have a distributor set up plus they have an organic certification for north america. This process of functioning is also patented.
They should be cash flow positive when phase 2 is completed.
The farm asset alone is more valuable the market cap of this stock
Check out the insiders and share structure:
https://www.marketscreener.com/EARTHRENEW-INC-50340163/company/
20 000 000 shares held by insiders check out Stanley Bharti’s profile on the same website... interesting
that leaves about 66 000 000 shares floating around
They have also only been up on stockhouse since April 5 and no twitter pumpers are talking about them that much. Can you say ‘under the radar’...
When I asked Keith about the fact that no one seems to be aware of Earthrenew he told me that they prefer to show their sharholders results instead of just talking about getting them (pumping)
It looks like a good deal to me...
Did I miss anything?