Greene Concepts Inc (INKW)

[BionicBoy]

You are absolutely correct.

Some notes from the financials....

- I guess they are still trying to say the water plant (that appears to be abandoned and has a holding tank with rust on it) is worth about $4mil even though they bought it for around $600k a few years ago.
FIXED ASSETS-NET 3,795,692

- The Common shares were increased from 1,282,517,074 on 07/31/2020 to 2,122,000,848 on 07/31/2021. This is an increase of 839,483,774 common shares in one year. What has this 65% increase in shareholder dilution netted the shareholders? A depreciated water plant that produces water they sell for a loss and some cash on hand.

- The Preferred shares can be converted into 8,925,390,000 common shares at any time.

- The period covered ended at 07/31/2021 so we have no idea how many of the 800,000,000 shares @ 0.0075 each have been sold during the last 3 months. (SEC filing)

- The SEC filing also stated that there was an additional class of shares created that allows 1 share to be converted into 100,000,000 common shares. The was no mention of this new share class in the financials which covered the period ending 07/31/2021.


As of 7/31/2020, the number of shares outstanding of our Common Stock was: 1,282,517,074.

As of 07/31/2021, the number of shares outstanding of our Common Stock was: 2,122,000,848


Shares
Outstanding on
July 31,
2021
Ending Balance:
Common: 2,122,000,848
Preferred:8,925,390