Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Nonsense! There is a massive demand for horribly written articles that people purchase in an attempt to fool the Google web crawling algorithm for more organic search website traffic.
All you have to do is purchase 50 articles, and BAM! Instant top 10 blog about topics and stuff.
So, GC is going to hire a bunch of new people and are going to start "producing plastic bottles in-house."
Mr. Greene continues, “Both hirings will collaborate with us to obtain the proper permits and licenses to ensure structural, electrical, and operational integrity, safety, and governmental compliance. The architect and civil engineer enable us to boost our current plant capabilities and support multiple large-scale national retail orders. Other open positions we are hiring for include assistant plant manager, plant technician, maintenance technician, and line workers for all bottling plant station operations.
Once the Company begins producing plastic bottles in-house, manufacturing costs will decrease while speed of manufacturing increases. This adds value to the Company’s production line as well as bottom-line almost immediately which is extremely value-added for our shareholders and for our company revenues.”
The company doesn't generate any net revenue so all of hiring and
expansions mentioned in this PR will have to come with dilution.
Not many people are going to remember seeing it.
64 views streamed live on Jan 17, 2022
:)
You can't protect yourself from lawsuits if you release a PR that was completely made up.
Some silly examples,
Greene Concepts Initiates Actions to Merge with Wal-Mart
Greene Concepts Product BeWater is Now an Official Liquid Currency in China
There are many previous "million-dollar" PRs that GC released that ended up never being mentioned again. I wonder if they were all real attempts to make happen or were simply made up with someone else to release a co-sponsored PR to attempt to pump the share price?
Are you talking about this part of it in particular?
For purposes of this opinion, Counsel has reviewed the
1. Articles of Incorporation and Amendments of the Articles of Incorporation of the Issuer,
2. Corporate By-Laws,
3. Information, as defined below
4. And such other corporate records as were necessary and provided by management for purposes of this letter, including press releases and past and current financial statements, and have examined such corporate records and other documents and such questions of law as Counsel considered necessary or appropriate for purposes of rendering the letter.
So they obtained legal counsel to look at previous press releases and past and current financial statements? You can go back two years of PRs and really wonder how many of them were real or had any possibility at all of being real.
You can't hide behind a safe harbor statement if the PR was simply made up whole cloth.
100% agree with you
BeWater has only had 6 reviews in the past two months
https://www.amazon.com/Water-Artesian-Natural-Alkaline-Springs/dp/B08QF9CB9L/ref=sr_1_2?crid=3DL9XK02U0PQI&keywords=be+water+artesian+water&qid=1666888235&qu=eyJxc2MiOiIwLjUzIiwicXNhIjoiMC40MCIsInFzcCI6IjAuMzQifQ%3D%3D&sprefix=%2Caps%2C118&sr=8-2#customerReviews
This is an absolute joke by unserious clowns
Yup, everyone out there that owns a water plant only uses it some of the time.
Running a full daily product production is for suckers; you must bottle those water bottles fresh as the orders come in.
Greene Concepts Seeking to Add Seven Full-Time Employees to Support Operations at Company's Marion, NC Bottling Plant for Forthcoming Upsurge in Sales and Production
Marion, North Carolina--(Newsfile Corp. - March 18, 2021) - Greene Concepts Inc. (OTC Pink: INKW) is pleased to announce that the company is in the process of hiring seven new staff positions at the Company's Marion, NC bottling plant in preparation for massive upcoming growth. These positions enable faster and higher-quality beverage production of the current line and set the stage for increased support of a second production line.
https://www.newsfilecorp.com/release/77732/Greene-Concepts-Seeking-to-Add-Seven-FullTime-Employees-to-Support-Operations-at-Companys-Marion-NC-Bottling-Plant-for-Forthcoming-Upsurge-in-Sales-and-Production
Greene Concepts Begins Modernizing Multiple Facets of Its Marion, NC Bottling Plant in Preparation for Increased Production, Stability and Permanence
Marion, North Carolina--(Newsfile Corp. - March 15, 2021)
- Greene Concepts Inc. (OTC Pink: INKW) is pleased to announce that the Company has begun performing numerous upgrades to its Marion, NC facility, a 55,000 square foot bottling and beverage plant located within the boundaries of the Pisgah National Forest. The property address of the bottling plant is: 13195 U.S. Highway 221 N. Marion, North Carolina, 28752. As noted in the Company's February 17, 2021 supplemental filing, Greene Concepts has paid off all mortgage liens and obligations for the building, equipment and property with the long-term focus of expanding operations within the plant.
https://www.newsfilecorp.com/release/77279/Greene-Concepts-Begins-Modernizing-Multiple-Facets-of-Its-Marion-NC-Bottling-Plant-in-Preparation-for-Increased-Production-Stability-and-Permanence
$9500 in trading volume, and these pumpers are acting like it means something.
How can you extrapolate meaningful technical data with such haphazard daily trading patterns? How can you account for dumb interviews and meaningless PRs in the technical data? This stock is 100% FOMO and pumper driven that tries to time upward trends with PR releases.
None of the trading/data is based on actual company intrinsic value.
They just released financials that stated they still don't know how to bottle free water and keep getting deeper in debt.
The clowns dance on.
Reverse Split Indeed
It is funny how everything Lenny touches instantly turns into the best product on the planet.
Also funny how people thought he was actually manufacturing the ink himself from a secret, undisclosed location.
All one has to do is watch all the Shark Tank episodes involving beverages and then check to see if the ones who didn't get a deal are still around. These people would have had massive national exposure and the "Shark Effect" to give their product a push. My point is even products with national exposure can still fail spectacularly because the population has to be constantly educated about the values of your product due to the massive beverage market saturation. This education involves a large amount of cost and usually involves quite a bit of production scale to work.
These chumps running INKW bought an old water plant and tried to invent a product around it, thinking that people would buy whatever product they vomited into the market.
They should have done that from day one.
The overall idiocy of the slow, lazy con job.
If they just played it straight, they could have long-term success.
Instead, they essentially refuse to do things like tweet daily plant pics or do
updates that indicate the CEO is highly engaged.
The overall idiocy of the slow, lazy con job.
If they just played it straight, they could have long-term success.
Instead, they essentially refuse to do things like tweet daily plant pics or do
updates that indicate the CEO is highly engaged.
You can't subdivide a company this small 2.114bil times and still have any actual value left for the shareholders based on the company's intrinsic value.
I think you are missing the point of the comment.
The "million dollar" PRs and Lenny's own comments hinted at a nationwide rollout.
This is not a nationwide rollout.
Never promise the sky and then deliver local liquor stores.
According to their latest financials, 94% of those water sales in 41 local stores will end up as cost of sales.
Greene Concepts Expands Sales in Economically Depressed Small Town in North Carolina.
If you thought they were going to mention two hundred stores from the previous PR in this PR, you were sadly mistaken.
"Signed up 41 stores" doesn't mean that 41 ma and pa stores are still carrying BeWater.
https://finance.yahoo.com/news/greene-concepts-distributor-water-significantly-180000489.html
Peruse through the previous "million dollar" PRs that have been released by Lenny and see how this one stacks up.
Lenny is a clown
Be Aery Vware: Greene Concepts sold licensing rights to BeWater to some chump for $5mil, and they have quickly blown through most of that cash by paying their friends consulting and professional fees.
There is a $2mil debt to a shareholder and zero net income to service that debt.
They are either going the toxic financing route or they are going to dilute.
Would explain why they have to "restock" so much with such poor sales rankings.
So, GC relies on a "distributor" to "restock" Amazon, and the "distributor" failed to "restock" Amazon.
The "distributor" now claims on Twitter that even though Amazon wasn't "restocked," they are now busy getting it "restocked."
https://www.getbewater.com/
Yeah, folks, this is a very serious company with very serious business practices.
You really should wait until 0.0001.
It has been there before, it will be there again.
Its "sole difference" is also its limitation.
Compared to the overall number of stores out there, how many stores will even carry a CBD product that some view as a marijuana product?
Happy Mellow is nothing more than a Gatoraid knockoff with CBD.
Amy even addressed this in the Crown King interview by saying that sugar is necessary to cover the foul taste of added CBD. She mentioned that sugar-free drinks from Happy Mellow might happen in the future but they won't have CBD.
(She literally called sugar a masking agent for added CBD)
This is not a healthy drink.
The most ridiculous nonsensical post imaginable.
There are 100s of bottled water beverages in America.
Do you think they are all going to be successful because someone in China invests in bottled water?
You want to test that hypothesis by asking some of your friends and family if they have ever heard of BeWater?
Package Dimensions ? : ? 15.9 x 10.3 x 8.3 inches; 28.95 Pounds
UPC ? : ? 860002939117
ASIN ? : ? B08QF9CB9L
Best Sellers Rank: #60,890 in Grocery & Gourmet Food (See Top 100 in Grocery & Gourmet Food)
#203 in Mineral Drinking Water
This review was by a real person, not a shareholder buying the water.
The real person thought the water left such a horrible aftertaste in her
mouth to never want to try it again. You think others might think the same thing?
He obviously doesn't care about stuff like production costs or on-hand cash burn rates.
From July 2020 - July 2022 GC netted $4k gross margins at the point of production. This is not acceptable if a water company wants to continue bottling water.
During this same time, they have also burned through most of their on-hand cash and have added significantly more debt.
Near zero money is being generated for the company and they are almost out of cash.
What do you think is going to happen next?
Crown King seems like a likable person but he was nothing more than a cheerleader during the interview without a single difficult question being asked. The questions he asked were nothing more than softball questions. This probably means he was paid or has a significant GC investment.
Some of the questions he could have asked,
- What is the deal with the Preferred B shares?
- Lenny, why were you and two others issued the Preferred B shares?
- Are you and two others going to convert B to 6bil common shares?
- Does the share structure make it difficult going forward?
- Amazon sales have fallen off of a cliff, how will they improve?
- What is the deal with the on-hand cash burn rate?
- Do you have any significant debt? (Before the fins were released)
- Lenny, you live in CA, are you moving to NC?
- BeWater production is expensive, how will it improve?
- What happens to Happy Mellow after production in CO?
You know, actual questions investors would be concerned about.
Closer to 15 years
Lenny addressed this PR in the interview. He said that the person he was talking to a Rite Aid was promoted and the new guy wouldn't take his calls, so the deal was off. Lenny also said that the ink products were on trucks and they were ready to roll to all the Rite Aid stores.
His story from 2022 and this PR from 2010 are not the same thing.
LUKE ENTERTAINMENT, INC’S ACCUBRITE TAKES A BIG STEP IN THE ‘RITE’ DIRECTION WITH NATIONWIDE RETAILER
FRI, DEC 17, 2010 15:45 CETReport this content
New York, NY- December 17, 2010- Luke Entertainment , Inc. (PINK: LKEN) aka Greene Concepts is pleased to announce that its AccuBrite has sealed a deal with convenience giant, Rite-Aid, to have the company’s ‘FreeInk4Life’ high quality inkjet refill kits distributed among the retailer’s more than 4700 US stores in 32 states.
“We are confident this is a significant step for AccuBrite,” states LKEN CEO, Lenny Greene. “All contracts have been finalized and the official roll-out date for product launch at Rite-Aid locations is slated firm for March 1, 2011. This is a strong nationwide presence and will combine nicely toward expanding our brand and product accessibility via other retail and online distribution such as our nationwide catalog partners, among others with which we are currently in discussion.”
Rite Aid Corporation is one of the nation's leading drugstore chains with nearly 4,800 stores in 31 states and the District of Columbia, with a strong presence on both the East and West coasts, and 97,000 associates. Rite Aid is the largest drugstore chain on the East Coast and the third largest drugstore chain in the U.S. The company is publicly traded on the New York Stock Exchange under the ticker RAD.
Go Green-Refill-Reuse-Recycle your inkjet and toner cartridges! Save the planet!
Luke Entertainment has officially changed its name to Greene Concepts, Inc. to better reflect its brand toward long-term growth. The name change effected with the New York Secretary of State on November 4th, 2010 and is under process for FINRA acknowledgment. Greene Concepts Inc is an ink technology Manufacturing and Distribution Company headquartered in Fresno CA. Chairman and Founder Lenny Greene has spent the past 30 years serving the printing needs of businesses and consumers. Greene Concepts intends to be the catalyst for the introduction of a number of innovative products and marketing strategies and to bring the world the best inks at the lowest prices so consumers and business can save time, save money, print more and print better.
Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.
LKEN CONTACT:
LKEN@GERRARDHOLLISTER.COM
310-909-7988
Some things the interview was pretty much lacking.
- No mention of the on-hand cash burn rate and how they could be out of money by
the end of the year.
- Not a whisper about the enormous cost of production of what is essentially free-to-
use well water. They are almost losing money at the point of production.
- Lenny didn't explain where the marketing budget will come from for his many upcoming SKUs, including Happy Mellow, Stay (I don't believe this was not mentioned at all), whatever is on his drawing board, and several different BeWater
configurations.
- I didn't hear any commitment to no further dilution beyond Amy saying we would make it equitable for the shareholders.
(As of 07/31/2021, the number of shares outstanding of our Common Stock was: 2,122,000,848)
- No mention of why the authorized shares were moved to 10bil.
- No Mention of why a company even conceives the idea of issuing
a class of shares worth 100mil each and then authorizing 1000 of them.
- No peeps about how three people can convert Class B to 6bil shares.
Greene Concepts CEO Lenny Greene Considers Visit to Only Company Asset
Seriously, he lives in CA and never visits the plant in NC.
If someone gives old age as the reason for the lack of visits I am going to drop dead right at my computer.
Greene Concepts Initiates Actions to be $2mil in Debt to Shareholder
Note Payable Shareholder $2,003,297
https://www.otcmarkets.com/otcapi/company/financial-report/348806/content
Greene Concepts CEO Earns More than Years Gross Margins for Product Production
It is time to refresh my bank account and my wallet by you ordering some water
- Greene Concepts CEO Lenny Greene
This is for an entire year from July 2021 to July 2022.
REVENUES: Sales $308,121
COST OF SALES $289,629
GROSS MARGIN $18,492
NET INCOME/ (LOSS) $ (1,337,177)
GC somehow managed to spend $1.337mil to have a sales gross margin of $18k. I guess the only way one call sell a gross margin of $18k amount of well water is to have $498,694 in professional fees and $328k in brand consulting fees.
Pro tip: Insiders are probably getting a cut of this
Lenny earns $2500 a month as a salary.
https://www.otcmarkets.com/otcapi/company/financial-report/348806/content