Green Endeavors Inc. (fka GRNE)

[ANIA77]

toxic convertible notes are pretty much resolved here. Only old $35k left.
Now he is trying to resolve $2mln that it's owned to SAKL. As far as I remember terms wasn't toxic. Conversions @90% or something like that but big amount just doesn't look good on balance sheet if he tries to attract serious investors. ..
..he will probably issue and distribute restricted shares to SAKL shareholders at some point and liabilities are going to be clean... I don't worry about that..
The only problem that I see are convertible preferred and I do not see in PR that this is going to be resolved.. I'm going to look deeper into it when next Q comes to see numbers how big problem it is.. I reached out previously to CEO about that he said holders are friendly and their interests is aligned with the company but it's just BS.. I need to see filings and numbers..

I'm not in SAKL so I didn't really go through their filings but I think what he means about the spin off in 2017.. is that SAKL took a loan from TCA and I think this loan is secured by SAKL assets including GRNE assets since we are their subsidiary. .. so SAKL have to get rid of TCA first to let us go.. imo
GRNE