SureTrader Advertisement
Home > Boards > US OTC > Internet - E-Commerce > Green Energy Enterprises Inc. (GYOG)

Based on my calculations, I have a few

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (3) | Next 10 | Previous | Next
stockinvestor01 Member Profile
 
Followed By 21
Posts 1,993
Boards Moderated 0
Alias Born 01/19/10
160x600 placeholder
stockinvestor01   Tuesday, 02/09/10 10:57:23 PM
Re: None
Post # of 360624 
Based on my calculations, I have a few questions. If they issued Class B preferred stock equal to 40% of the outstanding in order to receive the $350 million loan, then I understand why they raised the AS. However, this doesn't mean the OS has increased. The OS will only increase if the Class B series is converted, which may never happen if the company pays the loan back over the next several years.

Am I correct that the OS may not increase based on this deal. It will only increase if the shares are converted. Am I missing something?

SureTrader
Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (3) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist