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Yes, very quickly!
SMAA!!
Yes, very quickly!
SMAA!!
Absolutely huge news, IMO.
Green Planet Group Eliminates Multi-Million Dollar Debt
Press Release | 06/12/2019
TEMPE, AZ, June 12, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Green Planet Group, Inc. (OTC PINK: GNPG), an emerging leader in green technology, announced today that the Company has settled a judgement representing a longstanding debt of over $3 million. This debt, originally owed to Shelter Island Opportunity Fund (SIOF), has been settled with the hedge fund which acquired it following the bankruptcy of SIOF.
Ken Bennett, Green Planet Group president and CEO, noted, “The settlement of this debt is our most important financial accomplishment in recent history. It has a tremendously positive impact on the Company’s balance sheet and eliminates the single greatest impediment to our Company’s success in attracting the investment necessary for our growth into a successful, profit-driven corporation.”
Debt write-offs are accounted for as income; therefore, Green Planet’s First Quarter profits are projected to be $2.7 million and GNPG management anticipates that the Company will be profitable for the current fiscal year. Due to the Company’s Net Operating Loss Carryforward, there will be no federal tax impact from the debt settlement. Green Planet Group management has instituted new investment initiatives while re-engaging investment discussions with numerous potential investors. Bennett continued, “This settlement opens the door not only for generation of new investment, but also attraction of new management team members, new business partnerships and expansion of a worldwide sales effort.”
About Green Planet Group, Inc.
The Company is comprised of four wholly owned subsidiaries: one operating company and three development companies. XenTx Lubricants, Inc. produces lubricants and additives for gasoline and diesel engines. Healing the Earth subsidiary is developing a new Fast Track™ growing system capable of growing vast amounts of fresh, organic food. AAQIS, Inc. is developing a hydrogen generator which greatly reduces hydrocarbon emissions while improving fuel efficiency in internal combustion engines. Green Mining Technologies, Inc. is developing green technologies for the mining of precious metals.
Forward-Looking Statements
Certain statements contained herein are "forward-looking" statements (as defined -- Private Securities Litigation Reform Act of 1995). Green Planet Group, Inc. cautions that the statements made in this press release constitute forward-looking statements and no guarantees of future performance and actual results or developments may differ materially from projections in forward-looking statements. Forward-looking statements are based on estimates and opinions of management at time the statements are made.
Contact:
Ken Bennett; kbennett@greenplanetgroup.com
Phone: 928 445-2949
For more information see: www.greenplanetgroup.com
Green Planet Group.jpg
Really glad to see 10K out! Now let's see 10K and Nemo!
BWMG!!!!
More good news apparently coming including going current at any time on OTC. Why would anyone not hold for the coming events? One answer, IMO, no patience. Could be difference between lunch money and zip code changer!
VSHC!!!!!
That is very possible!
VSHC!!!
Yes, real, verifiable, meaningful news!!!
VSHC!!!!!!!
Going current! 5 letters of intent! 2 more potential contracts!
VSHC!!!!!!!
That's right! This is more than we had planned on.
VSHC!!!!!!!!!!
Wonderful news!!!
VSHC!!!
Yes! Volume coming in!
SIML!!!
These prices are crazy this morning. Added more at .023! What a steal, IMO.
VSHC!!!
Agreed! Just added more SIML!
Thanks for that nice update!
BWMG!!!
Agreed!
VSHC!!!!
Yes, Level II indicated to me yesterday that we're on the cusp of a move up. Looks like it's taking place. BTW, I saw a bid for over a million shares at .023 a few minutes ago. I think it's still there, but now covered up. Looks like great support in the .023 range.
VSHC!!!
I've looking at Level II and have a feeling that VSHC is really close to bursting upward. JMO.
On board, big time!
SIML!!!
Good to see you here. I bought in this week and added twice. Good luck.
SIML!!
Yes, looks like it could be smooth sailing very soon, now. Just added more.
VSHC!!!
I think I read on another board that they had bought out CANT, but not sure if that's correct.
BWMG!!!
Bought it yesterday and added today. Prospects look good.
SIML!!
I agree!
DMDD!!
Exactly!
VSHC!!!
Added twice already, but reversal coming, IMO.
VSHC!!!
Just bid for 30k at .0282. A bargain.
VSHC!!
Yes, I'll take that any day!
VSHC!!
That's right. That's what a lot of folks don't understand. It takes time to do it right. Many think we have to have a development every other day. That's just not realistic. I'm very satisfied with VSHC, as it has developed and been reported.
VSHC!!!!
Reminds me of another stock I once had that someone sold a big lot just before it went up about 2500 %. Profit is always good, but zip code changers are great!
VSHC!!!
I agree!
DMHI!
VSHC is truly an investment opportunity, IMO, not a pump and dump. One can readily see this based on the way it's trading. Moves up a little at a time, then retraces a little and consolidates as it move forward. I've tried to do a little swing trading with a small percentage of my shares, but to not much avail. It's very hard now for me to take a chance with any of my almost a million shares, as it appears that it could burst upward to its true potential value any day now. I hate trying to swing trade for a couple of hundred dollars and giving up thousands when it moves past my sell point. Hand writing is on the wall for those who have been trading for over 20 years, like me. This is a long term, big winner(I mean HUGE winner), IMO. I mean, it doesn't act like a pinky, at all. I don't expect it to continue as a pinky, either. Bigger board down the road. This could be a once in a lifetime investment(a story for the ages). Please, all my opinion.
VSHC!!!
Nice news! Thanks, Warrior.
BWMG!!!!
Huge news , IMO!!!
VSHC!!!!!!
Not sure which is correct, but when that transaction took place, there was no stop sign up.
BWMG!
Added more today.
DMHI!
10Q looks very good with profit!
Yes, and very nice consolidation presently, preparing for upward movement, IMO.
VSHC!!!
Me, too. Bought a few more this morning, though.
DMHI!!
Yes! I believe this is the first day that we've closed as high as .04!
VSHC!!!
Added more this morning. Something's up, IMO.
DHMI!!!