Green Energy Enterprises Inc. (GYOG)

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To list a company's securities on an exchange, they first need a class of securities registered with the Securities and Exchange Commission. That would require an audit of the issuers financials. Until the FASB makes a rule change the following is not ever auditable:

Records supporting the issuance of debt securities, which are secured by assets of the company, are not available in the company offices. We do not know what happened to these
records and therefore cannot measure the amount or nature of the company’s debt or any related derivative liabilities for convertible features imbedded in these securities, which, we
believe, is secured by certain assets of the company and its subsidiaries.

That pretty much seals the fate.

However, to add, the issuer would have to qualify for listing. The listing requirements bar is so high for this issuer to ever attain. In addition, the issuer would have to become SOX compliant.

Finally, add in the exemption problem with 1.9 billion shares, the SEC will not register unregistered shares issued with improperly used exemptions.

This stock can never be audited, and the shares can never be registered. Why by a toxic shell?

With the money they used, if they really did settle $48,000 in pay roll taxes, they could have built and registered with the SEC, fully audited a clean and new shell.

So that tells us, the management is, 1) inept; or, 2) has no use for a clean shell and intends on only using a toxic shell with unlimited convertible notes with the intent on using it as a share selling scheme.

Either way, it ends badly for all parties involved.