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Re: EarnestDD post# 162

Wednesday, 06/17/2009 12:57:04 PM

Wednesday, June 17, 2009 12:57:04 PM

Post# of 684
This board has been pretty quiet, but the stock has made quite a move up. I feel I should clear up a couple of things (as I understand them) as it relates to your previous post.

GGRN is NOT involved with jatropha farming. I don't know where this myth comes from, but I have seen nothing to indicate that is true.

Also the deal for the sale of the algae technology has fallen through since GGRN's JV partner, Valcent could not come up with the funds and failed to exercise its agreement. So GGRN is still involved the development of algae technology.

I find it interesting that there is little to no discussion about the potential this company has with its Greensteam project. GGRN has a signed contract with Aera Energy, and Aera has even put up $3M cash for the construction of the pilot plant which is scheduled to be completed around the end of the year. Obviously, a lot rides on the success of this pilot plant, but if it is successful, we should be golden going into 2010. (My opinion of course)