Green Envirotech Holdings Corp (GETH)

[Retirement]

D...IMO, given the very low trading volume....It's just no one willing to buy...the few sellers will take the stock down a bit. As for the Cenco deal, It's real, but question is how long it will take Cenco to get the systems built....This deal has been in the works for a long time but the terms could never be agreed to ....until now. I'm guessing Gary kept looking for a better deal but could not find one.
Our beer drinker here left out some key words on the May 2014 news item. There was never until now a signed deal.....

"On May 8, 2014, the Company signed a memorandum of understanding with Cenco Leasing LLC ("Cenco"), in which the memorandum calls for a joint venture to be formed between the Company and Cenco for the purpose of funding a GETH facility in Stockton, CA with Cenco funding the project. The Company will own 30% (thirty percent) of the joint venture and Cenco will own 70%. The memorandum also calls for Cenco to provide two one year 8% loans to the Company with stock conversion rights. Cenco provided to the Company a loan in the amount of $50,000 on May 8, 2014 and Cenco provided a second loan in the amount of $40,000 on June 2, 2014. As of June 30, 2014, a formal joint venture between the Company and Cenco has not been consummated."

Geth could still go after more deals as the Cenco deal is not exclusive. Time will tell what comes of all this but have the Cenco business finally is a good thing.