More likely he's just pumped the price to 10 cents to double the value of his investment.
40m shares @ 5 cents plus 7m shares @ 10 cents this morning = 47m shares at 5.7 cents. The market thinks RNT is "the next AfterPay" and he makes an easy 50% in a matter of weeks.
Or it's all above-board and a company that has gone nowhere but backwards for 5 years has suddenly doubled for only genuine value driven reasons - you decide.
Either way, the fundamentals just don't support the mCap - it's very hard to call a company that has been actively operating for more than 5 years a "disruptor". It's always been the Emporer's New Clothes and today just looks like another manipulative sham.
Good luck to anyone who's made money here, have fun patting each other on the back.
I'll see you in a few months when I check back in.
RNT Price at posting:
10.0¢ Sentiment: Sell Disclosure: Not Held
