Green Endeavors Inc. (fka GRNE)

[benosufan]

I will be very surprised if GRNE shareholders come out of this restructure with true long-term value. RS is coming soon...separation of companies is not until next year sometime. So essentially we'll be left with a small float...still with preferred B shares that convert to $5.00 worth of common stock per B share. If SAKL held 600 million commons now..after the rs will hold 300k...plus whatever they decide to do with the 2 million debt..probably add more common shares after conversions which will go to SAKL shareholders. It's a long process to play out and if they don't get rid of the convertibles we will continue to see a wash/rinse/repeat IMO. Of course maybe I'm jaded by years of watching Surber promote and dilute GRNE. At least he provides the information for anyone buying to see that he is actually diluting. TA hasn't been gagged. Certainly worth watching to see what happens...all IMO.

BTW, is he talking about the inter-company loan when stating "secured creditors"?

The separation of the companies can occur once SAKL eliminates certain secured creditors which is anticipated to occur in the first half of 2017. A pro rata distribution of the shares of GRNE that SAKL holds, would be spun off to SAKL's existing shareholders at the appropriate time is the current plan."