Green St. Energy Inc (fka GSTY)

[bloodhound99]

Balance sheet ought to be interesting on 10Q. Wonder how the $ 16,000,000 debt to David Dadon's Nacelle Corp. will be handled. It clearly is a liability. Bet the accountants had a hard time listing the "option" as a $ 16,000,000 offsetting asset on the balance sheet. Remember the $ 16,000,000 at 5% interest is owed even if GSTY doesn't buy the land.

Also how do you handle the 10%, 2%, and 3% "fully diluted"
deals that Cataldo and the directors got? Maybe the accountants wanted out before Cataldo built in a discounted convertible debt with a "ratchet down lock in provision" deal for himself, his lackeys, or a new investor.

Perhaps we could recommend Bob Staats and his "Cataldo Stock Dilution" software program to the new accountants MSPC LLP.

It just keeps getting better doesn't it?

Its Tony time..