Green Globe International Inc (GGII)

[djr63]

If they had included something about a buyback in this list things may have turned around a bit.

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Management says it will use the net proceeds from the IPO as follows:

25% of the net proceeds [...] for sales, marketing and advertising initiatives;

25% of the net proceeds [...] for acquisitions of companies and technologies aligned and synergistic with our manufacturing technologies and growth objectives;

15% of the net proceeds [...] for expansion and upgrades to our existing manufacturing facility;

10% of the net proceeds [...] for research and development;

10% of the net proceeds [...] for hiring of a national sales team and general employee staffing;

5% of the net proceeds [...] for legal, accounting, and other professional fees associated with becoming a public company;

5% of the net proceeds [...] for general and administrative expenses associated with increased operations; and

5% of the net proceeds [...] for general working capital.
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From this article posted the other day...
https://seekingalpha.com/article/4498398-hempacco-hpco-begins-us-ipo-process