Green Energy Enterprises Inc. (GYOG)

[Anvil]

Sorry gang, I hope this will be the last time I beat this horse. Going back to June 30,2009, there were approx. 210 million shares outstanding. As of today, there are approx. 457 million shares o/s. So in the 3 1/2 months they issued 247MM new shares. Being conservative, if issued at $.025/share thats over $6MM they have raised. The average price was mostly likely higher, but you get the point.

So what did they do with the $6MM, so far I have two planes ($180K), the other plane (I think it was less expensive, but let's say another $90k). So we have $270k in aircraft. The simulators, what about $90k). Some hangar improvements (IDK lets say $1MM). Through in some legal and salaries (3.5 months) and let's just round it up to $2MM.

So where is the remaining $4-5MM. Oh, options on acquisitions. For that type of money, sounds like an 8K is needed. Anyone have any clues? I am sure I missed something.

Will leave you all with these last two thoughts:

1. I looked back at the pr for the initial acquisition, can't remember exactly what it was, but the multiple of EBITDA they were paying was nearly 10x, normal companies go for 4-5x. Wonder if that company is owned by one of Deano's friends.

2. If you read the pr's closely, they state what revenue would be for 2010. They should of said what annual revenues and ebitda. The distinction? What they are doing now and what Deano thinks he have them do in 2010. I prefer looking at historical performance vs. projected.