Green Energy Enterprises Inc. (GYOG)

[Makamai]

Below is a complete summary of the CC, with reference included to listing requirements:
Makamai

QASP Conference Call Summary for May 27, 2010:

1. Dean Bradley, says he has it directly from the Chairman and managing director in London, that log jam has been broken in regards to the bond funding in London, and the 350 million funding will be coming in very soon – talking about a matter of a couple of weeks in traunches. New agreement is they only get equity by how much they fund.

2. New additional financing: Newby & Assoc. Shannon Newby will be in Jacksonville Tuesday thru Thursday of next week. Dean has advanced $100k already to secure monies as stated in NR. 10 Million LOC should have within the next 10 working days. Will have 3.5 mil in working capital from it to begin a real serious share buyback in earnest. Total funding to be 110 million. Newby requires that they be given Warrants upon the close, and those are all being issued at over 20 cents a share...

3. Outstanding Share (O/S) count will be under 1.5 billion (which is the A/S at present) and 100 mil shares was used as collateral and will not be sold into market.

4. Up listing: A condition for Newby loan requires application to Nasdaq or AMEX within 90 days of funding. Dean plans to bypass OTC. Application to up list means audited financials must be completed and submitted to the SEC among other requirements. Dean says our company is going to be big enough and profitable enough to qualify for this sort of listing.

5. Estimated Revenues for 2010: For the acquisitions closed between now and end of June, very confident that revenues will exceed 150 mil dollars. Pre-tax profit will be ~30 mil.
Revenues for 2011: Expect to triple that number...most from Mineseeker operations.

6. MineSeeker: MS will play a major role in revenues going forward. He didn’t discuss the acquisition of Mineseeker in his CC today but rumor has it that its imminent.

7. VLJ (Very Light Jet) program: QASP starts next week building their own VLJ!!! Funding wasn’t completed in the past to move that forward, nor was all the engineering done but the predecessor company paid 50Million for that work. The company wanted 10 mil in previous negotiations for that work which had been completed. Now Dean was able to obtain all the plans for $80,000 and transported it to target #3 in Midwest. Work will resume next week on completion of VLJ. Dean said the company will diligently pursue bringing that certification subsequently to market. (Dean is one hard bargainer - this is genius! )

8. TIGERFISH: BeechCraft will be first high performance aircraft to use working RAPT (Retractable Amphibious Pontoon Technology) technology (BEECHCRAFT KINGAIR) The TF founder and two lead engineers will arrive in two days for meetings of CEOs of #3 acquisition, along with KTM Engineering, who is the engineering/design firm that QASP has employed to make it happen. Dean stated that this will be the first time in aviation history that a high performance aircraft has ever been turned into a sea plane.

9. Conference Call to be posted on website with Video. In about 2 weeks, CC info will be posted prior to CC and folks will then be able to call in and ask questions.

Conference Call With CEO Dean Bradley(5/27/2010) Audio Clip
5/27/2010 4:47:13 PM

The following chart gives a good overview of listing requirements for the different exchanges:

http://www.venturelawcorp.com/listing_requirement_chart.htm

Here is a good article on up listing to Nasdaq. Worth reading regarding P/E multiples, institutional buying, and immediate effects of up listing--even when the up listing is well-known in advance.

http://www.thestreet.com/story/10723176/1/finding-uplist-clues-getting-in-before-prices-pop.html