Green Cures and Botanical Distribution Inc (GRCU)

[2014shelby]

So what did Joe Tragesser, CEO of GRCU, mean when he said this on 1/29/16 or does he not understand the potential impact to common shareholders?:

"Green Cures continues to achieve substantive progress as we work diligently to implement and execute our plans to create and capture shareholder value. We did this first by restructuring the share structure with a 130/1 reverse split. This action was important as it allowed the company to rid itself of the negative reviews, and correct the authorized and outstanding shares on the market. Another benefit is that it has allowed Green Cures to have the opportunity to obtain constructive building capital for the company’s best financial interest while continuing to develop. Further, this has increased share price, ultimately generating greater shareholder returns."