Greene Concepts Inc (INKW)

[Danny_P]

Possible Shareholder Action?

I don't live in the US (I'm from Europe) but I have been researching into what shareholders can do after they have been scammed, and I've noticed that there have actually been several OTC penny stocks where shareholders have banded together and taken legal action.

In Europe, what they call "shareholder joint action" is on the rise big time. https://www.dandodiary.com/2016/11/articles/international-d-o/rise-collective-shareholder-actions-europe/

Admittedly there has to be "something" left for any lawyer to be interested at all, but since Lenny & Co appear to be still operating then perhaps there is. I mean... I guess there is still some kind of business and he has probably got a house, a car, other stuff of value. If I remember correctly they boasted about an inventory of circa $1 million or something to "back up" their coin offering with pictures of Lenny holding up newspapers in a big warehouse etc. Whether that is anywhere near true or not, I have no idea... but there must be something left otherwise where did all the lost shareholder money go? Surely not all into the hands of "luckier" amateur shareholders? To me, this whole thing looked well orchestrated so much of that money must have gone into the hands of some central group somewhere I would think.

There were some VERY questionable things happening in this stock when it was in promo mode, and in my opinion the company was involved in some or all of those things. In my opinion most of the things verge on lies if not outright lies. The whole "Walmart" saga, the webinars where they were debating about the stock reaching a dollar, the "you have to be in it to win it" comments, the inkway founders program, the "coin offering", the dividend shares that remain locked after 7 years, the share offerings.... all seemingly scams. The "partnership" with HEMP on the back of a promo... of which of course nothing ever materialised.

I don't know legally what a lawyer would have to do to prove the Greenes' guilt, or find whoever else might have been guilty, but perhaps some of you shareholders in the USA could approach some law firms and find out? I can provide some names if anyone is interested who might be worth reaching out to? I cannot do it myself as there has to be a "lead plaintiff" i believe, who has to reside in the same country as where the company was incorporated as far as I understand.

If a law firm would take it on, and needed some up front cash, i'm sure there are plenty shareholders (myself included) who wouldnt mind chipping in a few hundred bucks to try and see justice done.

Why I am here...

I was a more active member of ihub several years ago, mostly because of this sad stock. I talked to Jazz and others, I bought into this scam in 2010 along with a lot of others due to the company putting out news and talk of deals with walmart and pharmacy chains and changing the ink world. Probably most of the people still here on this board did the same. I lost a LOT of money on this, my stupidity of course but still... people shouldn't be allowed to scam others... stupid or not. And I still have my shares which now number 450 and not the 47 million that I bought.

That's right...reverse splits took me down from 47 million shares that I paid tens of thousands of dollars for, to 450 shares that are now worth about 18 cents. Of course nobody is going to get all their money back here, but why should we shareholders all lose out if Lenny, or whoever else was involved, is still living it up with our money.

I know of several people on this board alone that have publicly admitted to also losing tens of thousands of dollars. Some even more than $50,000. That doesn't even include the silent ones. THat money MUST be somewhere. Someone must have it? I cant believe that the majority of that lost money simply went into other amateur traders hands...this whole thing seems to have been orchestrated by a group, and likely with knowledge/support of the company.

PLEASE NOTE I'm not making ANY allegations of law breaking by anybody. I'm not a lawyer, but from a lay mans perspective it does sure look like a scam and it would be nice to see if any legal action could be taken. The purpose of this post is to try and see if we can finally find out the truth.

Dan