Green Endeavors Inc. (fka GRNE)

[MikeyInTheD]

I agree that companies that involve themselves with TCA Global don’t often leave shareholders with anything after a couple years of bleeding money. However, I wouldn’t completely put the blame on TCA Global. They get involved with companies who are nearing default status and have no other options for financing to remain in business. Without TCA Global, those same companies would end up in the same place trading are near zero valuations.

As for this instance, the company has been nearly worthless for years. It has no business being a public company given the limited scope of operations, less than a million of market cap and no free cash to meet the expenses of being a public company. The only hope for salvaging any shareholder value is a buyout by management which I though would come in a 12-18 cent buyout offer in 2H19. If there is any value left here then it would be wise for management to buy the entire company for less than $200l. If a buyout doesn’t happen then investors know the company has zero value and is being run on autopilot until it runs out of cash and will cease operations. Management doesn’t display any confidence which is a sign that nothing good will happen anytime soon.