Our new director Bevan Dooley's baby "Janus" is doing a backdoor...

Our new director Bevan Dooley's baby "Janus" is doing a backdoor listing through ReNu (ASX:RNE) so AO1 is looking even more down the gurgler IMO.

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Dear Investor,
It is with pleasure that we present the Prospectus to you, as an existing ReNu Energy Limited ACN 601 22S 441 (ReNu Energy or Company) shareholder or as a potential new shareholder.
ReNu Energy is transitioning from a company focused on renewable and clean energy technologies, with its principal investment in developing green hydrogen infrastructure for the heavy road transport sector, to a company driving the electrification of heavy road transport through a unique swappable battery solution through its proposed acquisition of Janus Electric limited ACN 642 440 202 (Janus).
The Company has been listed on the ASX since 12 September 2002 (formerly as Geodynamics Limited) and rebranded as ReNu Energy Limited (ASX: RNE) on 14 December 2016. It has entered into a conditional Share Purchase Agreement with Janus and the shareholders of Janus to acquire all of the issued share capital in Janus (Proposed Acquisition).
Following completion of the Proposed Acquisition, the Company intends to change its name to Janus Electric Holdings Limited and its ASX ticker code to 'JNS'.
The Company has also entered into a conditional Sale of Assets and Business Agreement with the Hydrogen Buyer (being an entity controlled by Director, Mr Boyd White, former Director, Mr Geoffrey Drucker and Mrs Ingeborg Drucker) to sell 100% of ReNu Energy's Hydrogen Business Division (Proposed Divestment).
Completion of the Proposed Acquisition is an Offer Condition and the Offers contained in the Prospectus will not complete unless the Proposed Acquisition completes. Completion of the Proposed Divestment is not an Offer Condition. That means that the Offers contained in the Prospectus will complete irrespective of whether the Proposed Divestment completes.
The Offers

Under the Prospectus, ReNu Energy is seeking to:

1. make the Capital Raising Offer and raise between $8.0 million and $10.0 million by the issue of between:
   1. 40,000,000 New Shares (Minimum Subscription); and
   2. 50,000,000 New Shares (Maximum Subscription),
   
   at an issue price of $0.20 per New Share