Green Energy Enterprises Inc. (GYOG)

[SJOGRINGO]

NEWS: PROGRESS is being MADE....

The Existence and Conversion ratio of QASP PFD.A shares acknowledged in Public Filing by CEO.

NOW the NEXT PROBLEM...

HOW do you CONVERT over 1000 PFD.A shares ( Bill Cirmo owned 540 last report)
at 6,000,000 for ONE when the current A/S is 2,500,000,000 and the REPORTED O/S as of May 15, 2014 was 2,099,443,920...

MAXIMUN O/S available won't even CONVERT 100 PFD.a's BEFORE A/S Limit Reached???

HOw Does the CEO handle This...???
Answer please..
Good Luck to ALL this 2nd Week of June..
SJO

Lebowsky Member Level Thursday, 06/12/14 11:23:31 AM
Re: fink post# 323516
Post #323542
It would not be rational to convert.
1. They'd give warning through public disclosure.
2. They'd crash the price, thus not be able to cash out with the theoretical "loot".
3. The structure was modified to get rid of managerial dead weight, and thus, was part of making QASP live, and able to grow and expand today into lucrative areas to build common shareholder wealth