Thanks Jazz, I will do so, and give him the option to give me another contact if he so wishes.

I'm happy to see a lot of the recent developments here, its not the big Inkway launch we are all waiting for, but I'm pleased to see things progressing along steadily overall.

I was actually wondering what the purpose of the INK-Telligence standalone site was, because you cant actually order the product from there but it does have the product pricing.

I now realize that the purpose is for information, support, and product instructions as well as to display the $69.99 & $79.99 "Recommended Retail Prices".

Jazz I have a few comments to make about the site that I would like to forward to the company, that I don't particularly need to post here. I have Mr Greene's email address but I was wondering if you had a more general contact who I could send an email to, that may be more appropriate to send some website suggestions to? I don't mind emailing Mr Greene directly, and he has always been responsive in the past, but I also don't want to be harassing him with such things if there is a better person I could approach. Perhaps you know?

Thanks!

Its good to see the INK-Telligence products appearing on sites like Koopedia. Its a good way to get the product name out there, as well as generate sales. I also know that Koopedia's pricing is very friendly towards the retailer/manufacturer, I believe they only charge $1 commission for each product sold and I think about $20 a month for the products to remain listed.

Hopefully Lenny and team can in due course find other such deals to help sell and spread the word of the retail kits. The problem with some social marketing companies is that the seller ends up getting a bum deal (I have heard of some companies that use the bigger sites like Groupon actually taking losses in the end due to the tight margins and terms they agreed to) so they do need to be careful. The Koopedia system seems ideal though, I just hope its got a wide enough reach to really get this out to the masses. Its a great start nonetheless.

here is the deal on Koopedia fyi (there are color and b&w products available) http://koopedia.com/collections/home-goods/products/62-off-accubite-inktelligence-black-ink-cartridge-refilling-system-saves-hundreds-in-ink

The deal page looks slick, clean & professional. Well done GC.

Complete lack of fiduciary duty is the glaringly obvious thing that will be uncovered. Who knows what else, or what they are looking for. But 100%, that ^^.

I personally believe that the issue here is the bonus compensation and the issuance of shares. They is certainly the two things that I complained about and I remember several people from this board saying they had too. There may of course be much more, and this is of course only my opinion.

The reason I think this is because of what I said above, and this wording in the filing http://ih.advfn.com/p.php?pid=nmona&article=59423848

Enough people sent complaints to the SEC about this company in 2011, after having any and all investor questions about shamefully dishonest bonus plans and an incredibly biased share structure etc completely ignored. Hopefully the three amigos lose their shirts after this and get a taste of their own medicine. And learn that in the end, its not wise to treat your shareholders with contempt.

SEC investigation finally started, its taken a lot of complaints but I'm glad this company and its greedy management team is finally being investigated. The management absolutely in no way performed their fiduciary duty and I hope that at the end of the investigation that compensation to shareholders from the 2010/2011 area is considered. If a law firm wanted to take this on at the end of the investigation on a fee-for-win basis I'm sure there are plenty of people who took a loss here that would go for that.

Interesting to see Mark Liddell's name pop up again. For those who remember, Mark Liddell was heading up Stardust Entertainment and was contracted by Greene Concepts in 2011 to do the infomercials. (PR http://news.cision.com/greene-concepts/r/greene-concepts--inc-s-accubrite-prepares-direct-response-marketing-for-television-advertisement-campaign,c537700 ). As far as I am aware these infomercials never aired.

Mark was later was then hired by Greene Concepts directly as their Director of In House Media (PR http://www.thestreet.com/story/11097942/1/greene-concepts-inc-appoints-mark-liddell-of-stardust-broadcasting-as-director-of-in-house-media-toward-global-drtv-initiative-and-retracts-prior-drtv-annual-projections.html ) also in 2011. Not sure what happened there but it appears he is no longer on the board of Greene Concepts. DOnt quote me on this, but his name doesnt seem to be in any of the recent filings.

So I'm a little surprised to see his name pop up again, this time again offering advertising services but through a new company. Hopefully the deal with DaMarque is one struck because of a long standing relationship between Greene Concepts & Mark and that Greene Concepts is doing so because they are convinced that it will be a successful advertising campaign. Hopefully DaMarque Media can indeed this time really push the advertising for Greene Concepts. I do note they have a nice portfolio of videos that they have done for other clients and I hope that they are skilled in the internet side of marketing and can bring some real-world exposure to Greene Concepts and their products.


DaMarque Media http://damarquemedia.com/

Thank you Jazz, the company takes a lot of criticism (sometimes founded, sometimes not), they should be congratulated for their successes too.

I really don't think this will impact the distributors negatively, in fact (for reasons I will go into) I think its a big plus for distributors too. From the Ink-Telligence perspective I think they are just targeting a different customer base. Just from my own experience I believe that generally the kind of people who order bulk ink online (or any other product in bulk online for that matter) are of a different mindset to the ones who walk into a store and pick a product up.

I think the point of the smaller, cheaper, Ink-Telligence product is to target the footfall in retail stores and get sales from these people who probably wouldn't have come across Inkway online.

Its great they are focusing on retail as well as Inkway, because of course its another revenue stream but it also gets the product "out there" into the eyesight of consumers. I believe on one of the calls Mr. Greene said that they plan to put the Inkway USA website either on or inside the packaging of the retail packs, so that is also free advertising for the Inkway Product.

Just my thoughts, but I'm really happy to see the direction this is going. Of course....Inkway needs to launch soon.

This is great news, well done to Greene Concepts for securing this financing. I would be interested to see the particulars of the contract (although I doubt they will ever be released publicly, I'm sure Ideal wouldn't allow it) but if it is a standard Purchase Order (PO) funding agreement then its exactly the kind of financing that a company like Greene Concepts needs. They typically work by having an "in principle" agreement where the lender provides the cash to fulfill purchase orders. When the borrower (Greene Concepts) gets a large purchase order they tell the lender, and the lender instantly lends them the cash they need to fulfill the order. The money is then paid back once the buyer pays up, with some interest of course. So a retailer agrees to buy products from Greene Concepts, Greene Concepts tells Ideal, Ideal lends them the money to fulfill the order, later on when the retailer pays up then Greene Concepts repays the loan with some interest. Really, I'm very impressed that Lenny & Co have finally secured such a deal.

Of course I don't know the full details of the agreement, there are variations of this and I note that Ideal Corporate Funding has an array of different lending options, but this is certainly a win for Greene Concepts and for shareholders as the the money is only borrowed when needed to produce inventory and fill orders and its essentially growth capital that doesn't hurt the share structure.

You're doing a great job Jazz, and I've only ever seen you provide factual and solid information here. It also seems that you have actively helped and advised Greene Concepts in some areas and thats a good thing for everyone. Thank you for all your hard work around here.

No no, the AS of 3,000,000,000 will stay the same. AS is just a number of maximum shares that the company CAN issue...they are not issued yet and perhaps all never will be.

I am saying that with the offering, the new shares will increase the OS (outstanding shares) by 150,000,000 if the entire offering is sold.

Hi Jazz,

Ive been reading the posts about the new shares offering, overall I dont think its a bad thing. I would rather see the company selling pre-defined units of shares at set prices than selling into the open market right now, or by entering into toxic finance packages with smaller investment bankers. Are you sure that you understand correctly where these new shares are coming from though? Because I'm certain that they are coming from the AS (Authorized Shares). New shares cannot come from the OS (Outstanding Shares) because these shares have already been issued and are owned by someone. Unless Mr. Greene is actually giving away his own personal shares, which I highly doubt, then this offering is going to be coming out of the AS. Just incase anyone doesnt quite understand the terminology, here it is in laymans terms.

- AS (Authorized Shares) is the maximum total number of shares that the company is allowed to issue (sell). A company is not allowed to exceed this number of shares issued unless it increases the AS.

-OS (Outstanding Shares) is the number of shares currently issued and owned by anybody. These include restricted shares. In our case the OS of 264,201,999 shares includes all outstanding shares (ie the 5% dividend shares, Mr.Greene's restricted shares, and of course the public free-trading float)

- The Float - These are freetrading (ie unrestricted) shares. In our case the 32,968,332 in the float are the normal, unrestricted shares owned by regular shareholders and insiders as well. Anything that is not restricted.

When a company issues new shares, that number is added to the OS and if they are restricted shares the FLOAT will not increase until those shares become unrestricted. If the newly issued shares are not restricted then both the OS and the FLOAT will increase. The AS will increase of course as well.

So unless Mr Greene is actually giving up his own personal shares as part of the 506 offering, then these shares when issued will increase the AS and the OS. Once the shares become unrestricted after 366 days, then the float will increase also.

The biggest red flag to any investor here is that 3 billion AS. That without a doubt is what causes the biggest concern to anyone who knows what they are doing. Many people take a look at the AS and actually use that to determine the value of a company (knowing if a company has an unusually large AS, that they are bound to use it). So in our instance an AS of 3 billion even at just the 1 cent PPS mark values the company at $30 million. At 5 cents PPS that gives us a value of $150 million.

This needs to come down if the long term PPS has a chance to recover. OS increase of 150million shares is no biggie imo, nor is the float increase by that level in a years time. If it gives the company the finance they need and they use it wisely, then I'm all for it. The AS is a big no-no here though.

There are some plus points also to the issuance of some restricted shares in the way that the company is trying to do it. Firstly because they are done at specific pricing, it means that less actual shares need to be sold as long as there are buyers. I believe at these prices over the long run there will be buyers as the pricing is very reasonable. Also it doesnt add a heck of a lot of shares to the OS overall, protecting the current shareholders from a heavily increasing OS. Secondly it reaffirms the stock part of the Greene Concepts business very much in the centre spotlight again, and I believe will encourage the company to think and plan very carefully about how they will return shareholder value to these shareholders, as well as current ones. Plus of course, the financing that will come from this to enable the company to grow faster.

I agree that it will be easier to complete the transaction once launch has started (I suspect only after launch will a serious number of investors actually wish to buy the offering) and I'm sure that Mr Greene & Co. are aware of this as well.

Anyway, just a few plus points about the offering, in many ways im pleased to see the company raising finance in this way as opposed to some other ways they could have (direct dilution, asking founders for more $$ etc etc).

They should also explore the Purchase Order financing as well though, once retail deals are in place or almost in place.

Hi Jazz, it is indeed frustrating when things are delayed. What is important however is that it would be far worse to actually launch the product and associated pages and then have any malfunctions at launch when people actually try to purchase the product. Its important to get any kinks ironed out before this hits the public marketplace, and although its frustrating to have deadlines pass (and I agree with you that it would have been better not to announce specific launch dates as early as they did) it is crucial that these things are done right before launch. Not only would glitches at launch look awful from a PR standpoint, it would also create a ton of work (and likely cost money) for the company if they had to try and rectify issues after people had actually ordered products and then there were glitches at any point in the purchasing chain.

Thanks Jazz, as always your hard work here is much appreciated by myself and im sure all the other shareholders here. I'm not really looking for or expecting any further answers to the questions, I think we just need to be satisfied now that they are aware of the concerns and put the AS/RS/Restricted shares behind us, at least for now. I have faith that Mr Greene & Co. whilst they are busy launching a major new initiative within their business are still very much aware and even concerned for the long term shareholders here. I think that is evidenced by the relatively small ratio at which the RS last year was adjusted and the fact that we are getting good communication, updates and answers to questions as well. I think there is major potential here for Greene Concepts as a business to grow very big, very quickly, and I'm hopeful that the shareholders as well as all other stakeholders (founders, distributers,management, employees etc) benefit from this. There are indeed many reasons to be enthusiastic right now.

Hi Jazz, apologies for the lateness of my reply. I did attend the first calls re Inkway, however im in a different time zone outside of the US and its often difficult for me to get on. I do very much appreciate that they are regularly put on the inkway site though, and listen to them all.

My thoughts of Greene Concepts right now are that they are trying hard and are on the right track. The new videos are MUCH slicker than the old ones used to be, the company is more responsive than they ever were, and it just all round appears to be a very much more professional operation. This is apart of course from the major task of planning, funding, and soon to be launching Inkway USA.

I'm not too impressed with some of the answers to the questions you sent over in march, particularly regarding the 3 billion AS and the preferred shares. We asked for reasons for these things...we received answers but (in varying degrees) they werent reasons. Anyhow, it is what it is and I'm pleased they did respond and there were some positives in the response too. A big positive of the questions being sent is that they are now very aware of the issues that shareholders are concerned about.

One thing I was happy about recently is that I was having a small issue with the LKEN transfer agent getting some information to me. I had been copying Lenny Greene into the emails just as an FYI. After a week or so he saw that I was stuggling to get the information that I was after, and he got involved and helped me to get the answers I needed. That was a nice thing for him to do, and encouraging that he was looking out for me as a shareholder.

Looking forward to the launch, and hopeful that it is the start of a positive uptrend in PPS as well for Greene Concepts as a business.

Hi jazz, and thank you for thinking of me and nudging me that this has been provided. I do monitor the board every day so saw it, but thank you very much for alerting me.

Im watching with interest everything going on LKEN land, good work!

Sure I can help with that, If someone actually wants to make a complaint about a market maker whom they believe has broken SEC rules, then you can use the following complaints form to alert the SEC of any breach of regulation. https://tts.sec.gov/oiea/Complaint.html

They will look into the case, submit your complaint to the market maker in question (if you take the "allow box") which will then allow them to look further into your allegations.

I do have to say though, that this is a very well known issue...and not much appears to have been done about it yet. But youre quite right, thats not a reason to just ignore it so no harm whatsoever in alerting something that you think is wrong.

You can make complaints against listed companies, brokers ...and any trade related financial professional using the same form.

Great, thanks Jazz!

Thank you Jazz, both yourself and Nuemark Group were quick to respond so thank you for that.

I'm pleased that our questions have been acknowledged and I'm hopeful that we will see the reply sometime soon. I trust answering in a manner which is Reg FD compliant wont be an issue.

For those who are unaware Reg FD (Regulation Fair Disclosure) is an SEC regulation requiring publicly traded companies to release certain types of information in a manner that doesnt give unfair advantage to any person or group. Today, this essentially means disseminating information through accepted channels such as press releases, conference calls, or on the company website.

To give an example, LKEN contacting Jazz1 and saying "we are reducing the AS by 1 billion shares" would contravene Reg FD however releasing a press release or puting a statement on the Investor Relations portal of Greene Concepts website and then emailing Jazz1 and saying "we have released a PR" would be compliant with Reg FD.

Thank you Jazz as always for your continued efforts here.

Hi Jazz, I hope you are well. have you had any feedback on the investor related questions that you kindly sent in mid March? Or have they given any indication as yet as to when they intend to publish their responses?

Thanks!

Hey guys, Please don't misconstrue this post as being belittling or negative but this kind of thing is completely normal in OTC trading. It has nothing to do with LKEN specifically. Market Makers hide the true size of their bids and asks all the time (in both directions, i.e. put on a huge bid to provide fake support, or just show 5000 share bids even though they are soaking up a lot of shares). You just have to watch the level 2 of any current promo stock to see this.

Now its clearly not right...it is indeed against the rules...but it happens everywhere and is in no way related to LKEN. There's certainly absolutely nothing that Neumark can do about it, I'm surprised that they even said they will "look into it" because really...what can they do?

Kudos for recognizing this manipulation in the OTC marketplace but it is extremely well known that this happens all the time, and only the regulative authorities (the likes of SEC, FINRA) can do anything about it. ALthough they have known for years this happens, and its still happening, so they dont appear in any rush to resolve it.

Hi, actually he has convertible preferred shares that can be converted into 1 billion common shares. Plus of course the common shares he already owns. It has nothing to do with protecting the company from takeover though, he could do that without his preferred shares being convertible...ie with non-convertible preferred shares. The only reason for him to have them convertible is because he wants them to be.

The company has 3 billion Authorized Shares though, so they can issue new shares up to that amount whenever they want to.

Thank you Jazz, I read your response and its good stuff. Im even glad you formatted it to take a couple of my exact phrases out. You managed to do that without compromising the basis of the questions. Thanks!

I understand, however my immediate comment was based on Roth working to get the stock unlocked.

I can buy a pair of sneakers online too, even ones with Nike written on them for $10. But that doesnt stop Nike selling their shoes for $100. Or I can buy Adidas online too. But that doesnt send Nike rushing out to put up their Out Of Business signs.

Thanks Skip, hopefully he will find a way to publish the PR

Thank you Jazz, I appreciate that. I know my questions are long, and I hope the company doesnt read them as being overly aggressive, but I wanted to be very clear on the questions and make them as precise as possible...with the hope that we get clear and precise answers back. Thanks again for all your hard work re LKEN. I also wanted to make sure that nobody takes us for fools that can be placated with vague answers. Many of us understand completely how stocks, including otc stocks, work and we understand the processes involved in running the public side of a traded company and we know how new shares are issued, reclassed, cancelled etc etc. Too many OTC CEO's answer back with "that is inside information" when it completely is not. There is VERY little indeed that a public company cannot say if it is said in a public address.

If George Roth seriously is looking for funding to progress with SFIO, and is looking for private loans or investors to come up with a pool of cash to help, then he needs to do it in a proper and professional way. That is to have a proper point of contact (himself) with proper written documentation of what the money will be used for, the agreement terms etc. Nobody is going to hand over money because someone on ihub gives them a phone number or a bank account to send to etc.

Skip I appreciate your dedication to the board and to SFIO, but if George truly is looking for a funding mechanism to unlock and progress with SFIO then this needs to be done publicly, and professionally. Its a good sign if he is indeed serious about this, and I do believe that if done in the correct manner that investors would come to the bat and help out...but they need to be sure what their money will be used for and have something in writing.

One final question as well -

What exactly has been done in order to address the DTCC chill on this lock. What is the process that has to be followed, and what part of the process has LKEN done so far. Is LKEN management or legal counsel in direct communication with the DTCC, and if so what measures has the DTCC advised LKEN needs to take in order to have them re-evaluate the chill.

This is not restricted information so I would like to hear some details, even if the answer is nothing has been done apart from hiring a lawyer to look at it.

Thank you Jazz, the questions I would like to be answered from a shareholders standpoint are as follows. I'm putting some pretty detailed questioning into some of them as I would like to get a detailed and thorough answer to them, asking Vague questions gives people the opportunity to give vague answers and I would like to avoid that in this case.

Thank you for being the catalyst that made this opportunity available.

1 - The reverse split. All common shareholders were split out 100 to 1. Why was the AS not reduced by a similar amount (it was only reversed about 3 to 1) and why were Lenny Greene's preferred shares that are convertible into common shares at 1 to 100 not reverse split as well? This is a very important question because I believe most shareholders expected the AS to come down to a reasonable level, and it has not. Presplit, Lenny Greene's
preferred shares if converted accounted for around 10% of the companies outstanding shares. In effect they gave him ownership of 10% of his company. Post Split this accounts for 90% of the ownership of the company. So from a shareholders point of view, Lenny Green has increased his ownership of LKEN by almost 10-fold. When I bought my shares in LKEN I was paying money to get around 3% ownership of the company. Due to dilution and the now reverse split I have seen my ownership of the company reduced by over 90%, but Lennye Green has had an almost 1000% increase in his ownership of the company. I would like to know, in detail, why this happened.

And I would also like to know If LKEN management feel that they have performed their legally required fiduciary duty to shareholders by giving one man such an increase in ownership for free. If they believe that they have, I would very much like to hear how. If the reason given for Lenny Greene owning these preferred shares is that it is to protect the company from hostile takeover by preserving Lenny Greene's voting rights then I would like to know why the preferred shares cannot just be preferred shares with adequate voting rights (as they are now) but NOT convertable into common
shares. I know with 100% certainty there is no reason whatsoever why preferred shares issued with the purpose of vote control need to be convertible into common shares. I would like to see Lenny Greene's shares changed from convertible, into non-convertible, shares and 1 billion shares removed from the AS. If this is not possible I would like to know why.

I would like to be VERY clear to whoever answers these questions that it is Lenny Greene who owns the preferred shares, not the company. So please answer the question with that knowledge.


2 - In July 2012 the company hosted a conference call in which they said "bombshell news" was to be announced. That news was that certain founders would be eligible to receive comission on retail profits as well as MLM profits and that two very large retail contracts were in "third stage" talks and were soon due to be signed. Although no specific time frames were given it appeared to myself, and others on the board, that this was going
to be closed up in a matter of weeks. Now 8 months later we have yet to hear any further news. What is happening
with these contracts, can we have details of the companies involved?


3 - Did LKEN management choose the date of the 100 to 1 reverse split, or rather...were they aware which week the split would commence, before the conference call on 28th July. I know the answer to this already, however I would like to see something in writing from the company. Previous posts in ihub claim that Lenny Greene has told shareholders that they did not and that it is FINRA who chooses the date,, so I would like to get a definitive answer on this.


4 - Does LKEN management have any plan to reduce the share structure, ie reduce the AS, in an attempt to restore some shareholder value to existing shareholders? Does LKEN management believe that significant shareholder value can be restored with an AS of 3 billion shares?


5 - Is there a service level agreement with the IR as to how long they should take to respond to shareholders questions? IF so, what is this timeframe and who should shareholders contact if this is not met?


6 - Does the company have any comment to make on the fact that ALL shareholders of LKEN at this point in time are holding their shares at a lost, and anybody who has been a long time shareholder is down an astonishing amount in the region of 90%+? How does the company plan to restore shareholder value?

Thank You

Thank you very much Jazz, I will indeed post some specific questions and its good news that they are finally open to receiving them, thank you for your efforts to make this happen. I will work on some questions today and post them this evening.

The RS was an awful move indeed. Apart from the PPS now being between 6 and 10 times lower than it was the day before the split, its marred the confidence people had in Lenny and his team. Even those who want to be positive must see that to talk of retail contracts and bombshell news and state on calls that the PPS is up 200% in the last few days and then dump a reverse split straight after that is idiotic. I suppose many (and indeed myself) can accept that "mistakes were made in the past" but it appears the same sketchy moves are still ongoing now. Add to that the fact that the DTCC hates it when these little companies reverse split...and even moreso when then CEO has a truckload of preferred convertible shares that werent split... i can only see this hurting any chances we have of getting this trading restriction unlocked.

I really hope this works out for founders and shareholders alike, and I must say that Lenny has always been helpful in emails etc, but Lenny and his team have to stop pulling stunts like this. Its not good for anyone except those holding preferred shares, and as far as i know only one man holds those...Leonard Greene. If he doesnt come up with a good valid reason why he personally needs these shares and needs them to be convertible into a billion shares of common stock (keep in mind the current float is only about 32million shares) and needed them not split with the rest of the shares, I feel it will be near on impossible for him to convince the DTCC to unlock us. The DTCC actually arent the bad guys that everyone seems to think they are. They do this to protect retail investors from getting scammed. At the moment, the LKEN share structure looks like a scam so they certainly will need some real convincing otherwise.

sure friend, im not at my computer right now on my phone but when i get home tonight i will be sure to look into this and reply to you :)

sure, i just did. sorry for the delay in replying

I'm getting it from the PR stating that preferred stock is not affected.

because they doubled the outstanding shares to give the top three guys huge bonuses on top of their $300k salaries when MSLP had yet to report a profit and shares were sitting at all time lows. Yes they do need to dilute for ongoing expenses, and i understand that, but to half the value of shareholders equity just to give three guys bonuses is a disgrace

thats correct

no it means that their preferred shares have not been reverse split like the common stock has, and that the authorized number of preferred shares also has not been split.