Green Energy Enterprises Inc. (GYOG)

[LCLiving]

I think you need to look at all the info available. What changed, imo, was Newby screwed up. Originally, Quasar gave $725k to Newby and that would have been the closing fees needed for the $10 million. Then, in the email he sent in reply to Anvil, he stated this line-

As far as the $10mm line, I decided to close both loans simultaneously due to the time is of essence put on the company.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51737127

The problem with this new strategy was they needed $5 mil from the $10 mil loan to pay the fees for the $100 mil. All this was stated in the PRs. I believe his new strategy backfired when he went to close and they asked where his fee money was and he replied, "oh, we'll just pay it out of that first $10 mil." No lending institution that I know of would lend money with the closings paid out of the loan. Hence, we have to get the money up front this time around. It was not a rejection and will have no affect on their ability to get financed, imo.