Greene Concepts Inc (INKW)

[jazz_1]

I suspect that the programmers want to be paid in cash versus shares. More than likely, he probably has spent a lot of his own money in the company (also covered below in the FAQs). With this being the third of three different software development companies, my suspicion is that some of the previous money raised went toward the first two development teams while the rest went toward keeping business operations going to include rent, taxes, etc.

With over $500,000 in inventory, I do not believe the turnover has been extensive and might be the reason additional outlooks are being reviewed to secure more sales.

If the retail deal goes through, it will add a lot of legitimacy to what LKEN has been quoting for awhile regard future success. You are correct that the product (ink) is a good one and just needs to be marketed the right way.

Questions about the use of the 3,000,000,000 shares was presented in the FAQ document here: http://www.greeneconcepts.com/wp-content/uploads/2014/03/GreenePDF.pdf.

Q: Any thoughts of using some of the 3 billion shares for expansion, acquisition, or debt cancellation? Why are 3,000,000,000 authorized shares necessary?

A: Greene Concepts' is presently Authorized for 3,000,000,000 shares, we elected to lower the Authorized Common Shares substantially following the reverse stock split while creating a sufficient amount of space within the capital structure to facilitate additional Mergers & Acquisitions, Capital Raising
activities, and potentially settle many of our Long Term liabilities.

Additionally this question was asked:

Q: Why were the CEO’s preferred shares that are convertible into common shares at 1 to 100 not reverse split as well? Pre-split, the CEO’s preferred shares if converted accounted for around 10% of the company’s outstanding shares. In effect they gave him
ownership of 10% of his company. Post-split this accounts for 90% of the ownership of the company. So from a shareholders point of view, the CEO has increased his ownership of LKEN by almost 10- fold, a 1000% increase. Could you explain in detail why
this happened?

A: Mr. Greene's share ownership has always remained in the majority, Mr. Greene is not only a Preferred Shareholder but, has long owned greater than 50% of the Common Stock as well, in
effect he was the single largest effected shareholder in the reverse stock split. The preferred position was issued in lieu of cash compensation to settle long outstanding debts with Mr.
Greene for cash which he personally invested.

Hopefully additional funding sources come through for the company so we can truly move forward.

-Jazz