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[aries4747]

GRNE whittling down corporate debt. Diluter gone.

December 08, 2015 10:23 ET
GRNE Settles Convertible Note Holder

SALT LAKE CITY, UT--(Marketwired - Dec 8, 2015) - Green Endeavors, Inc. (OTC PINK: GRNE), announces that it has settled all outstanding convertible notes with KBM Worldwide, Inc. for a cash payment of $20,486.

CEO of Green Endeavors, Richard Surber, stated, "GRNE entered into an agreement for a financing that totaled $64,000. Today, I am happy to confirm that we wired out a cash payment that satisfies the outstanding balance in full. The cash satisfaction of the note will result in the derivative liability and the underlying liability being removed from our balance sheet. Active shareholders will be happy to know that the last conversion of debt into shares occurred over a week ago and no further discounted shares will be coming into the market pursuant to KBM convertible note."


Parent company SAKL paid off lines of credit last month.

GRNE debt reduced by $400K with payment by parent company SAKL
From GRNE 8K
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10963643

Quote:Loan proceeds were used to pay off two lines of credit in the total amount of $188,000 and a third line in the amount of $232,000 that were all held in the names of the Landis Salons operated by the Company. These payoffs will improve the cash flows for all of the salons by reducing their merchant account payment obligations and thus enhance their operational condition in the near future.