GRN Holding Corp (GRNF)

[e-ore]

So where are the shares he’s going to issue? He’s had six months to make a simple filing with the state of Nevada. Since he’s the sole officer and director and majority shareholder he could do it any time, or a reverse split if that was his choice to free up shares.

Let’s say pacific merchant processing has $2 million in annual profit. That’s $2,000,000 in JC’s pocket every year. And he’s going to transfer that from his private control to a public company that he owns 56% of? He won’t see a penny of that $2,000,000 after doing so.

Let’s say pacific merchant processing operates at a loss and can’t service their debt. I’d think he’d love to get away from 100% ownership of that.