RENUEN (RENU) ANNOUNCES END OF ENERGY SOLUTIONS BUSINESS

In a press release, Renuen Corporation (RENU) announced that they had ceased operations for their Energy Solutions Business or whatever they are calling it today.  The article can be found at: http://finance.yahoo.com/news/renuen-corporation-discontinues-energy-solutions-201500493.html?soc_src=mediacontentstory&soc_trk=ma

According to Jeff Nemes (CEO) and Alexander Kim (Chief Legal Officer), the cause of the failure of the business was an online smear campaign against the company orchestrated by persons including yours truly.  While I would love to take credit for taking down another fraudster, sadly that is not the case here.

You see Nemes, Kim, and their cohorts are simply using the delusional "smear campaign" as an excuse to hide the failure of Renuen because of their own mismanagement (terminating the dealer program which is the only money making program they ever had)  and looting of company assets. Shareholders of Renuen need to request an SEC investigation and audit of Renuen assets because I believe a whole lot of cash went out the back door and into the pockets of the officers, directors and silent partners of Renuen which caused its failure. Perhaps the IRS should also be notified.

All Renuen shareholders should review Renuen's September 2014 10-Q, in which Renuen stated that it had sold 13% “of its future receivables to an unrelated third party allowing the company to continue operations” on September 11, 2014. The same 10-Q also stated that on September 29, 2014, Renuen had sold “6.53% of its future receivables to an unrelated third party allowing the company to continue operations."   According to their own publicly filed documents, Renuen was insolvent beginning in September of 2014, just 6 weeks after terminating its dealer program.  Enough Said.

Lerman Law Firm Applauds WPTV Consumer Watchdog Jenn Strathman's Warning on Home Improvement Contracts

Cathy Lerman, principal of the Lerman Law Firm, has issued  a press release praising the work of Jenn Strathman, WPTV Consumer Watchdog, for her two part series on home improvement contracts and tips on what the consumer should be watchful for when signing these contracts.  Jenn used as an example, RENUEN (RENU) a solar contractor with many complaints who had contracted with two elderly women that Jenn interviewed.  Neither of the Renuen systems worked as promised, they were not permitted and these elderly women  did not receive the promised rebates-until they appeared on WPTV and then the company CEO, Jeffrey Nemes,  offered to pay part or all of them through RENUEN! Let this be a lesson to the consumer, particularly our senior consumers, DO NOT SIGN ANYTHING WITHOUT A LAWYER REVIEWING IT!  There are too many fraudsters in south Florida that prey on the elderly.   Senior citizens must stay vigilant and have an attorney review any contract they are signing that involves significant rights-like the right of Renuen to lien their home!  This is a CONSUMER ALERT THAT EVERYONE SHOULD PAY ATTENTION TO.

The link to our Press Release on Jenn's two part series is below:

 

http://www.prweb.com/releases/2014/lerman-law-firm/prweb12225944.htm

RENUEN IS RUINED-WPTV'S CONSUMER WATCHDOG JENN STRATHMAN REVEALS THE RENUEN HOAX

HERE IS LINK TO PART 1 OF JENN STRATHMAN'S IN DEPTH COVERAGE OF THE RENUEN SOLAR ENERGY HOAX  TARGETING THE ELDERLY WITH SOLAR PRODUCTS THAT DON'T WORK, REBATES THAT DON'T EXIST, UNPERMITTED ILLEGAL CONSTRUCTION AND PROMISES OF ZERO OUT OF POCKET COSTS UNFOUNDED.   

PART II OF JENN'S IN DEPTH ANALYSIS WILL AIR TONIGHT AT 6 PM ON WPTV.  DON'T MISS IT!!!!  A  LINK FROM LAST NIGHT'S TELECAST IS BELOW:

http://www.wptv.com/money/consumer/energy-solutions-of-florida-renuen-customers-question-promises-of-savings-ceo-blames-salesmen

RENUEN VICTIMS-REQUEST FOR ASSISTANCE

IF YOU ARE A RENUEN VICTIM AND HAVE A CONTRACT THAT AT THE TOP SAYS "ENERGY SOLUTIONS OF FLORIDA", WOULD YOU PLEASE EITHER EMAIL ME A COPY OF THE FRONT AND BACK OF THE CONTRACT TO CLERMAN@LERMANFIRM.COM;  FAX A COPY OF THE CONTRACT TO ME AT (800) 305-2351 ; OR MAIL A COPY TO  ME AT CATHY JACKSON LERMAN, PA, #118, 1440 CORAL RIDGE DR., CORAL SPRINGS, FL 33071.  WE NEED THESE CONTRACTS ASAP!!   YOU ARE NOT ALONE!  THANK YOU SO MUCH!!! CATHY

A MESSAGE TO RENUEN (RENU) AND THEIR COUNSEL- ALEXANDER KIM

HERE IS THE EMAIL MESSAGE KIM SENT MY CLIENT: My company was informed by WPTV that you lodged a compliant against my company. As you know that the company was trying to settle the issue with you over the solar attic fan which the company in its opinion could not be installed on the metal roof, due to it potentially voiding your roof warranty.  You had informed Aqua Finance that you will be retaining an attorney over this issue, and to date, I have not had any communication from a counsel representing you.

The company would like to settle this matter with you so we can move forward. Would you suggest an offer of settlement that the company can consider?

I look forward to hearing from you soon.

Sincerely,

D. Alexander Kim, Esq.
HERE IS MY RESPONSE:
Mr. Kim, I am in receipt of your email below directed to my client,  Mr. Collier.  Please be advised that you are hereby instructed to cease and desist any further communications with him. Also be advised that Mr. Collier at no time has contacted Aqua Finance and told them he was retaining an attorney. He has never spoken with Aqua Finance. Please produce a copy of the tape of that conversation because that is a lie. I would not put it above your company to have impersonated Mr. Collier to "create" such a conversation.
There is no way to "settle" a crime committed against a resident of the state of Florida except by criminal conviction. Mr. Collier has no interest in any further interaction with your company that forged his name on documents, sold him an unpermitted solar system that it knew would not work on his house with a contract that was void on its face and contained a qualifier who had resigned months earlier,  tried to shut him up by offering money and sending him a settlement agreement with a confidentiality clause and threatened him by sending him more than 7 copies of liens on his house evidencing that Renuen was liening his house because he refused to sign the financing documents indicating that the work performed by Renuen (using the term "work" loosely) was acceptable when in fact this whole operation is a scam, a Ponzi scheme and as the SEC uses the term a "pump and dump" on RENU stock.
You are despicable. I can only hope that you, Jeff, Lynn and all of your cohorts are shortly indicted and spend a long, long time behind bars. The targeting of hundreds of elderly, minorities and naive consumers in Florida to sell worthless solar systems through fraudulent, forged documents is certainly not a simple misunderstanding.
I have no intention of letting all of you get away with this like you did in New Jersey. You will be prosecuted.  Count on it. Very truly yours, Cathy J. Lerman, Esq.