Green Energy Enterprises Inc. (GYOG)

[Porgie Tirebiter]

Spelled "Tranche". It splits an investment apart according to differing degrees of risk. In this case, Mr. Newby wiil split the assets backing the loans into subsets, each representing the degree of riskiness.

Each tranche will be backed with assets of a differing caliber, or degree of riskiness. If after the first tranche is granted, they can't find another set of assets of the same quality, the second tranche can be denied, or be granted under differing terms, shorter time to re-pay, higher interest, whatever.

There are no hard and fast rules. In the case as outlined in the last CC, shareholders are clueless as to the exact structure of this particular loan. I don't think the principals even know at this point. It's kind of like Mr. Newby is baiting the hook, and now it's a matter of seeing if investors will bite.