Green Hygienics Holdings,Inc. (GRYN)

[shanak10]

Shana
May 15, 2019, 7:56 PM (14 hours ago)
to ron


Hi ron,

Hope all is well,
Can you explain the following to me from your 14C filings?" and 20,000,000 will be preferred stock, with right and preferences set by the Board of Directors"

Thanks,

[e-mail]
9:48 AM (55 minutes ago)
to me

Hi Shana,

Hope you are well. The 14C is to create some preferred stock.
It's good for the company to have Pref Shares available as an acquisitions tool.
If and when we make an acquisition and pay for it in part with shares for instance the seller of the company may want assurances in the transaction they have a base value assured. It's not uncommon and there are no conversion options that go with them to them to let you know.

Regards,

Ron W. Loudoun,


Chief Executive Officer
Green Hygienics Holdings Inc. OTCQB:GRYN
Cell: 1.778.839.7373