Green Energy Resources, Inc. (GRGR)

[Thirsty Tiger]

At least one of texfinance71’s insinuations can easily be put to rest immediately

2. Compensation. Between JM and management, last year's "compensation" was $102,365. $33,319 compensated in 2007 so far. Are these shares of stock? For a company that has $293 in the bank, stock is probably the only accepted form of payment. I'm not saying that compensation in the form of stock is unusual or bad, I'm just a little curious as to who gets paid and how much.

I’m sure texfinance71 knew this to be false but conveniently omitted it

As stated in the financials: Capital Stock (0.001 par value; 100,000,000 authorized; 55,130,499 issued and outstanding at March 31, 2007 and December 31, 2006).

This, texfinance71 could have “audited” himself by simply calling the TA. Can’t really pay himself in stock without affecting the stock structure. If he were to pay himself in stock it would by rule have to be in restricted 144 stock. 144 stock would count as issued.

And then you have his point number 5

5. Delays Something tells me those sales were not generated in the first quarter but, in the second. Imagine he had released this back in April, only for the world to see that Revenues = Zero Dollars. You could eliminate COGS, but you would end up with a net loss and ultimately the appearance that no business is actually taking place. Smokescreen with the 4-8 week delay or longer. Even still, the only business that has taken place has yet to create cash in the bank.

Correct if I’m wrong, but I was always under the impression that under the accounting rules, there are very specific accounting rules for revenue recognition and that you simply can’t roll back revenue to an earlier date to pad the numbers. Aren’t there a few ex-CEOs out there that tried just what texfinance71 insinuates?

Like he said himself: Something does not add up