Green Energy Enterprises Inc. (GYOG)

[mike93433]

Thanks BANKER. I see that Anvil makes a lot of assumptions in his analysis. It rationalizes the reasons to be other than the stated reason in the PR "This delay has caused the accumulation of additional fees in the approximate amount of $1,775,000. The company and Newby & Associates are in the final stages of raising said fees."

Some assumptions I have spotted:
Second part of Anvils post with comments in bold:
2. Tufan: I am assuming the funding bank was not satisfied with the SBLC based on the pr. Which is interesting. Because in this structure, the funding bank is soley relying on the trust bank that issued it the SBLC. The funding bank obviously did not think that if demand was made on the trust bank's SBLC, that the trust bank could make good on the payment. (Conclusion based on an assumption)

Again, in this structure, the funding bank is not looking at QASP for repayment, it is underwriting to the credit worthiness of the trust bank. Thus it wanted full cash collateralization.

When people approached me about doing a deal like this, if they didn't take no for an answer, I would tell them I would do it for 100% cash collateralization. Just another way of saying "get lost". Deal like this? have you seen the deal and the assets? I assume NO.

Finally, I again go back to the original question, if the trust bank thinks it is such a good deal, and has the financial capacity to issue a $100MM SBLC, why not do it themselves. Good question but thats all this is a question. Only insiders know what really happened.

Believe me or not, no bank is going to do based on the Newby structure. Again I see this as an opinion. The value of the assets may trump all. (My opinion)

Out of posts for the day. GLTA

One more point:
Posted by: Anvil Date: Friday, June 25, 2010 4:14:16 PM
In reply to: stockinvestor01 who wrote msg# 151023 Post # of 158561

Smart money knows what they own, and thats why the only ones making money are the flippers. CHA-CHING. If I open a bank, I will name the atm's, the Bradley Express. Just keeps giving money.