Green Energy Enterprises Inc. (GYOG)

[Makamai]

Hey Cat...you hit the nail squarely with that statement - contract wording tells it all, but only to the principals to the agreements. If the lender requires a "minimum" of 40% of the total potential O/S, then they will receive 600M shares since the A/S can't be exceeded at 1.5B. That leaves 900M. That way, Dean can buy back shares and take them out of circulation for employee incentive programs without the lenders percentage ever dropping below 40%. Since the lenders shares are class B common shares, the lender couldn't take over the company if his percentage were to exceed 50% with Dean dropping the remaining O/S to 700M lets say, since the class B shares are non voting. Also the lenders shares can't be exercised for a minimum of 3 years. That gives Dean time to build the company. All is good and I've got a good feeling about next week.

Makamai