Green Energy Enterprises Inc. (GYOG)

[iKauai]

CC notes:

350 mil: Chairman and managing director says log jam has been broken and funding will be in within a few weeks in traunches. New agreement is they only get equity by how much they fund.

New financing: Newby & Assoc. Shannon will be there later next week. Advanced 100k already to secure monies as in PR. Will have 3.5 mil in working capital. BB in earnest will start thereafter.

O/S will be under 1.5 bil and 100 mil was used as collateral and will not be sold into market.

Warrants for Newby are all over 20 cents a share...

Uplisting: a condition for loan requires application to naz or amex and bypass OTC.

Revenues for 2010: Acq closed between now and end of June will exceed 150 mil dollars. Pre-tax profit will be ~30 mil.
2011: Expect to triple that number...most from MS operations.

VLJ program: Funding wasnt completed to move that forward, nor the engineering was done for 50 mil. Price was 10 mil in previous neg. Now own that at 80k and transported to target #3 in midwest. Work will resume next week on completion of VLJ.

TF: Founder and two lead engineers will arrive in two days for meetings of CEOs of #3, JTM Engineering.

Homage to some posters on ihub...

(at work and didnt have a lot of time to flesh it out, but here are the footnotes)