Green Energy Enterprises Inc. (GYOG)

[Anvil]

This one still has me confused:

Forget about the stock buyback while paying out stock for old debt. That has been discussed and still doesn't make economic sense to me. But:

1. Why did they buy a shell with debt in the first place? Why not a clean shell?

2. From what I have gathered in the posts, everyone seems to think the share structure will remain the same post acquisitions. Where is all the money going to come from to buy these companies? Is is debt or equity? if equity, the share structure is bound to change.