Green St. Energy Inc (fka GSTY)

[bloodhound99]

If I am intrepreting this correctly the 3 year option to buy Tony Cataldo's producer buddy David Dadon's land just expired. However the company agreed to pay 16 million dollars for the "option" to David and I believe he converted about 4 million dollars of that amount to stock in GSTY (about 70% of outstanding I think). So GSTY still owes David's company 12 million even though they no longer have a right to buy the land.

There was a small sale of 150 acres of so 3 years ago by Dadon to GSTY but with GSTY owing him 12 million dollars and him owning 70% of the company, that will probably be going back to David as well. Looks like its David owning all the land, with GSTY still owing him about 12 million for the 3 year "option".

If you own stock in this company you will have a hard time making the case that it has any value at all (unless you are David Dadon).

Tony Cataldo and his "associates" win again.


If anyone has any information that is different than my intrepretation above please feel free to post.