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GSRE website ?
NOTICE: This domain name expired on 09/17/2010 and is pending renewal or deletion
Jim Hale, President/CEO: Posted on Saturday, September 11, 2010
I wanted to share some good news with you all, our shareholders. We have executed an agreement with a project that is already currently producing 5 barrels of oil per day with a rich production history spanning over 25 years and proven reserves.
The plan for this Wyoming well is to rework the well that is currently in production with expectations to increase the production by two to four times. This will allow a quicker payback time for the Company and allow for immediate revenue generation. Even if the rework doesn't succeed as we hope, we'd just fall back on the current production. This means our payback would just be extended since it already consistently produces oil.
This particular project is in line with one of the company's objectives of buying into proven, already producing wells / fields with the idea of increasing production with a rework. We will have more details in a press announcement which we will issue next week.
Since becoming CEO
I feel we have made great progress in our business plan. We’ve been able to settle outstanding corporate issues such as the Company’s status with Nevada; improve communications with shareholders via newsletters and blogs; appoint an Investor Relations team and are on the road to making GSRE current with Pinksheets. One important directive of my appointment, and probably the most crucial is to bring revenue to Green Star Energies, Inc. Because of my commitment to you to not put out “fluff” PR’s, rather than announce this through a public press release, I am sharing this exclusively with you; our valued shareholders. When we have tangible results, it is then we will issue a press announcement.
I am delighted to announce we have signed a LOI in which we have the option to acquire an interest in a large field containing 6 wells near the Houston, TX area. This field already has two wells producing approximately 40 BPOD (barrels of oil per day) and we would acquire an interest in the project. The purpose of the project is to redevelop two other wells in the same field and we are hoping to double, or perhaps triple the daily output. What I find most attractive about this project is the fact we would be buying into an already producing field, meaning Green Star Energies, Inc. would begin receiving royalty payments. When an agreement is reached and executed, we will announce this milestone in a public press release.
I am currently in Texas shoring up this acquisition and looking at some similar projects where Green Star Energies, Inc. would be buying into already producing wells. I believe we are close to signing another LOI and am hoping to close the Houston agreement very soon. Please stay tuned for further updates.
Best,
Jim Hale
President/CEO
Green Star Energies, Inc.
ask 0,0002 no bid
still hope
The company is actively negotiating other solar opportunities and expects to have a signed agreement in place shortly.
Time will tell
The company is actively negotiating other solar opportunities and expects to have a signed agreement in place shortly.
NEWS OUT
Ban List 0,0001 board
Member Date Banned Banned By Banned Until
Zoom-Zoom-Away 12/18/2009 04:27:00 PM IH Admin [Dan] Further Notice
momoney272 11/30/2009 01:25:20 PM IH Admin [Dan] Further Notice
Picinwinners 09/30/2009 03:48:11 PM IH Admin [Dan] Further Notice
Stevenvegas 09/16/2009 03:24:49 PM IH Admin [Dan] Further Notice
investorshubber 09/08/2009 03:53:16 PM IH Admin [Dan] Further Notice
ErikaEuro 08/18/2009 01:12:57 PM IH Admin [Dan] Further Notice
gonzilee 07/09/2009 11:53:46 AM IH Admin [Dan] Further Notice
Are you a happy human ?
all negative post on all boards !
PSC don't talk about snrs anymore (strange)
XS has just discovered
that the company that has made the purchase offer on SunRise Consulting Group is NourTech S.A.R.L. and that NourTech S.A.R.L. has met the the offer request of $0.005. This move leaves SunRise CEO Alan Rothman no choice but to proceed with the immediate sale of 100% of his shares to NourTech S.A.R.L.
and remember
MM's are making the market, not this board
snrs is buying at 0,0002, they now why
Yes
all of my shares at 0,0001
Obama today ; future is green energie
after BNP oilhorror
O,OO4444444444444444444444444444
USGIRLS YES
NICE PROFITS GUYS
Hope a can do the same with snrs
Numbers of production please
The Eberle #1” Green Star Energies, INC. currently has an interest in this well. The well had previously been in production and has since been completely reworked including hydraulic fracturing.
Is this a websitecompagny
oil? Green energie?
tomorrow we will play with 5sssss
SNRS, THE SUN GOES UP
SNRS AT 0,0004
SNRS at 0,0004
Bring us 0,0004
snrs LET'S GOOOOOO
SNRS
MODC ALERT
www.moderntechnologycorp.com/joomla/index.php
bring us numbers
PRODUCTION
Corpinfo
Will we have EVER numbers of production ?
Risks Relating to Our Common Stock:
Our Common Stock is Subject to the "Penny Stock" Rules of the SEC and the Trading Market in Our Securities is Limited, Which Makes Transactions in Our Stock Cumbersome and May Reduce the Value of an Investment in Our Stock.
The Securities and Exchange Commission has adopted Rule 15g-9 which establishes the definition of a "penny stock," for the purposes relevant to us, as any equity security that has a market price of less than $5.00 per share or with an exercise price of less than $5.00 per share, subject to certain exceptions. For any transaction involving a penny stock, unless exempt, the rules require:
<!--[if !supportLists]-->1. that a broker or dealer approve a person's account for transactions in penny stocks; and
<!--[if !supportLists]-->2. the broker or dealer receive from the investor a written agreement to the transaction, setting forth the identity and quantity of the penny stock to be purchased.
In order to approve a person's account for transactions in penny stocks, the broker or dealer must:
<!--[if !supportLists]-->1. obtain financial information and investment experience objectives of the person; and
<!--[if !supportLists]-->2. make a reasonable determination that the transactions in penny stocks are suitable for that person and the person has sufficient knowledge and experience in financial matters to be capable of evaluating the risks of transactions in penny stocks.
The broker or dealer must also deliver, prior to any transaction in a penny stock, a disclosure schedule prescribed by the Commission relating to the penny stock market, which, in highlight form:
<!--[if !supportLists]-->1. sets forth the basis on which the broker or dealer made the suitability determination; and
<!--[if !supportLists]-->2. that the broker or dealer received a signed, written agreement from the investor prior to the transaction.
Generally, brokers may be less willing to execute transactions in securities subject to the "penny stock" rules. This may make it more difficult for investors to dispose of our common stock and cause a decline in the market value of our stock.
Disclosure also has to be made about the risks of investing in penny stocks in both public offerings and in secondary trading and about the commissions payable to both the broker-dealer and the registered representative, current quotations for the securities and the rights and remedies available to an investor in cases of fraud in penny stock transactions. Finally, monthly statements have to be sent disclosing recent price information for the penny stock held in the account and information on the limited market in penny stocks.
Risks Relating to Our Current Financing Arrangement:
There Are a Large Number of Shares Underlying Our Secured Convertible Notes, and Warrants That May be Available for Future Sale and the Sale of These Shares May Depress the Market Price of Our Common Stock.
The number of shares of common stock issuable upon conversion of the outstanding secured convertible notes and series A convertible preferred stock may increase if the market price of our stock declines. All of the shares, including all of the shares issuable upon conversion of the notes and preferred stock and upon exercise of our warrants, may be sold without restriction. The sale of these shares may adversely affect the market price of our common stock.
The Continuously Adjustable Conversion Price Feature of Our Secured Convertible Notes Could Require Us to Issue a Substantially Greater Number of Shares, Which Will Cause Dilution to Our Existing Stockholders.
Our obligation to issue shares upon conversion of our secured convertible notes is essentially limitless. The number of shares of common stock issuable upon conversion of our secured convertible notes will increase if the market price of our stock declines, which will cause dilution to our existing stockholders.
The Continuously Adjustable Conversion Price feature of our Secured Convertible Notes May Encourage Investors to Make Short Sales in Our Common Stock, Which Could Have a Depressive Effect on the Price of Our Common Stock.
The secured convertible notes are convertible into shares of our common stock at a 40% discount to the trading price of the common stock prior to the conversion. The significant downward pressure on the price of the common stock as the selling stockholders convert and sell material amounts of common stock could encourage short sales by investors. This could place further downward pressure on the price of the common stock. The selling stockholders could sell common stock into the market in anticipation of covering the short sale by converting their securities, which could cause the further downward pressure on the stock price. In addition, not only the sale of shares issued upon conversion or exercise of secured convertible notes, and warrants, but also the mere perception that these sales could occur, may adversely affect the market price of the common stock.
The Issuance of Shares Upon Conversion of the Secured Convertible Notes and Exercise of Outstanding Warrants May Cause Immediate and Substantial Dilution to Our Existing Stockholders. The issuance of shares upon conversion of the secured convertible notes and exercise of warrants may result in substantial dilution to the interests of other stockholders since the selling stockholders may ultimately convert and sell the full amount issuable on conversion. Although the selling stockholders may not convert their secured convertible notes and/or exercise their warrants if such conversion or exercise would cause them to own more than 4.9% of our outstanding common stock, this restriction does not prevent the selling stockholders from converting and/or exercising some of their holdings and then converting the rest of their holdings. In this way, the selling stockholders could sell more than this limit while never holding more than this limit. There is no upper limit on the number of shares that may be issued which will have the effect of further diluting the proportionate equity interest and voting power of holders of our common stock, including investors in this offering.
Based on our current market price and the potential decrease in our market price as a result of the issuance of shares upon conversion of the secured convertible notes, we have made a good faith estimate as to the amount of shares of common stock that we are required to register and allocate for conversion of the secured convertible notes and series A convertible preferred stock. In the event that our stock price decreases, the shares of common stock we have allocated for conversion of the secured convertible notes may not be adequate.
If We Are Required for any Reason to Repay Our Outstanding Secured Convertible Notes, We Would Be Required to Deplete Our Working Capital, If Available, Or Raise Additional Funds. Our Failure to Repay the Secured Convertible Notes, If Required, Could Result in Legal Action Against Us, Which Could Require the Sale of Substantial Assets.
If we were required to repay the secured convertible notes, we would be required to use our limited working capital and raise additional funds. If we were unable to repay the secured convertible notes when required, the note and stock holders could commence legal action against us and foreclose on all of our assets to recover the amounts due. Any such action would require us to curtail or cease operations.
Risks Relating to Our Business:
We Have a History Of Losses Which May Continue, Which May Negatively Impact Our Ability to Achieve Our Business Objectives.
We cannot assure you that we can achieve or sustain profitability on a quarterly or annual basis in the future. Our operations are subject to the risks and competition inherent in the ongoing operations of a business enterprise. There can be no assurance that future operations will be profitable. Revenues and profits, if any, will depend upon various factors, including whether we will be able to continue expansion of our revenue. We may not achieve our business objectives and the failure to achieve such goals would have an adverse impact on us.
If We Are Unable to Obtain Additional Funding Our Business Operations Will be Harmed and If We Do Obtain Additional Financing Our Then Existing Shareholders May Suffer Substantial Dilution.
We may require additional funds to sustain and expand our operational activities. We anticipate that if needed, we will require up to approximately $500,000 to fund our continued operations for the next twelve months, depending on revenue from operations. Additional capital will be required to effectively support the operations and to otherwise implement our overall business strategy. There can be no assurance that financing will be available in amounts or on terms acceptable to us, if at all. The inability to obtain additional capital will restrict our ability to grow and may reduce our ability to continue to conduct business operations. If we are unable to obtain additional financing, we will likely be required to curtail our marketing and development plans and possibly cease our operations. Any additional equity financing may involve substantial dilution to our then existing shareholders.
If We Are Unable to Retain the Services of Management, or If We Are Unable to Successfully Recruit Qualified Personnel Having Experience in Business, We May Not Be Able to Continue Our Operations.
Our success depends to a significant extent upon the continued service of our Chief Executive Officer. Loss of the services of our CEO could have a material adverse effect on our growth, revenues, and prospective business. In addition, in order to successfully implement and manage our business plan, we will be dependent upon, among other things, successfully recruiting qualified managerial personnel having experience in business. Competition for qualified individuals is intense. There can be no assurance that we will be able to find, attract and retain existing employees or that we will be able to find, attract and retain qualified personnel on acceptable terms.
Many Of Our Competitors Are Larger and Have Greater Financial and Other Resources Than We Do and Those Advantages Could Make It Difficult For Us to Compete With Them.
The mergers and acquisitions and business development industry is extremely competitive and includes several companies that have achieved substantially greater market shares than we have, and have longer operating histories, have larger customer bases, and have substantially greater financial, development and marketing resources than we do. If overall demand for our products should decrease it could have a materially adverse affect on our operating results.
Our Trademark and Other Intellectual Property Rights May not be Adequately Protected Outside the United States, Resulting in Loss of Revenue.
We believe that our trademarks, whether licensed or owned by us, and other proprietary rights are important to our success and our competitive position. In the course of our international expansion, we may, however, experience conflict with various third parties who acquire or claim ownership rights in certain trademarks. We cannot assure that the actions we have taken to establish and protect these trademarks and other proprietary rights will be adequate to prevent imitation of our products by others or to prevent others from seeking to block sales of our products as a violation of the trademarks and proprietary rights of others. Also, we cannot assure you that others will not assert rights in, or ownership of, trademarks and other proprietary rights of ours or that we will be able to successfully resolve these types of conflicts to our satisfaction. In addition, the laws of certain foreign countries may not protect proprietary rights to the same extent, as do the laws of the United States.
General Risk Factors
This investment has a high degree of risk. Before you invest you should carefully consider the risks and uncertainties described below and the other information in this prospectus. If any of the following risks actually occur, our business, operating results and financial condition could be harmed and the value of our stock could go down. This means you could lose all or a part of your investment.
Risk Factors
You should carefully consider the risks described below before buying shares. If any of the following risks actually occur, our business, financial condition and results of operations could be materially and adversely affected, the trading price of our common stock could decline and you could lose all or part of your investment.