Green Leaf Innovations Inc (GRLF)

[Rich888]

You can't really sign up for something like that and no Mike did not get 2 million dollars from them...lol

Companies in penny land that have no income or very little income have to borrow money from somewhere to fund the company. An OTC listed company can not sell shares directly into the market themselves unless there a fully reported company (GRLF is not) and even then you can only sell a small amount every so often.

There are a lot of fees and expenses a public company has to pay to keep it going and to keep it current. With GRLF making very little money the company would have to go bankrupt in no time if it did not borrow money back from the debt holders. I think the debt holders lend the company just enough money back to keep things going, but not enough for Mike to make things happen. If the debt holders don't keep GRLF funded and the company goes bankrupt from not being able to pay the bills they wont keep getting there shares (ATM).

Mike has managed to keep the company current and pay all the bills. Where did you think he got the money from to do all that? He has to borrow money back from the debt holders for that. This is the cycle where in right now. read the fillings. It's all there. He dose not have this problem with his other ticker. The debt holders were not involved with that one.

If Mike gets this Maine deal together we will not need to borrow money any more to keep things going and can start to pay the debt holders back in cash and not shares. I think every time Mike gets close to making a deal the debt holders hold back money that is needed for him to operate for success. That's what I meant when I said there not giving him the funding he needs to operate.

Mike told me he felt real good about the Maine deal and just need time to get it together. Lets just hope it pans out for us. The PPS where it sits right now could be a real bargain if he pulls it off.