Having received the CSE response I went back to recheck some DD on GCHI: Looking at its origin I have grave doubts about it's legitmatcy (SP) Following is taken from June 30 Qtrly Rept Financial Notes along with my annotations:
The following is taken from Financial Notes on June 30, 2014.
On March 5, 2014, Green Company Holdings, Inc. (“Green Company”) was incorporated in the State of Colorado by Worldwide Internet, Inc. (“Worldwide”). It has offices located at 1342 N. Academy Blvd, Colorado Springs, Colorado 80909. The company is authorized to issue 120,000,000 shares of which 100,000,000 is designated as Common and 20,000,000 is designated as Preferred. The company issued 1,000,000 common shares to Worldwide Internet Inc. for $1,000,000.
NOTE: Where does the value basis of these shares come from? It appears Frank simply established GCHI, declared its share structure, and then bought a million shares @ $1.00 per share thereby creating the touted $1.00 PPS value out of thin air.
On June 16, 2014, GCHI Green Company Holdings, Inc. (“GCHI”) was incorporated in New Brunswick, Canada. The company is authorized to issue up to 500 million Class A Common shares @ $1.00 per share and 100,000,000 Class B Preferred Shares @ $5.00 per shares.
NOTE: This adds up to 1 billion dollars! Pretty good for a company just created out of nothing. That which follows below is simply smoke and mirrors.
The transactions were approved by the shareholders of Green Company Holdings, Inc. and GCHI Green Company Holdings, Inc. by consent resolutions.
Pursuant to the agreement, on the Effective Date, the following principal steps occurred and were deemed to occur in the following chronological order:
(1) The 1,000,000 Green Company Common shares held by Worldwide were exchanged for 13,669,394 common shares of GCHI.
(2) There was 1,000,000 GCHI common shares issued to Hemp Marketwatch in exchange for a 10% interest in Hemp Market Watch.
(3) GCHI issued 3 million Preferred Shares to Worldwide in exchange for interests in E3 Space, Greener Wind Solutions, Pamlico Energy, Responsibill and Singlepoint.
GCHI was created to develop companies and projects in green technologies and renewable energies in addition to the medical marijuana industry.
[End of Financial Notes]
