Greene Concepts Inc (INKW)

[gmoneypenny]

Good post.

IMO, the Rite Aid deal is very telling. IMO, here's why it matters: if we have been misled, it opens up a can of worms. When you put this Rite Aid deal side-by-side with some other recent happenings (T/A has been gagged, restricted shares are hitting the market, IR Firm is questionable, TV spots have been unverified, etc), then the outcome of the Rite Aid deal becomes very important. It could just become another item in a list of unanswered questions.

I completely agree with you - there are much better retail places to carry FreeInk4Life. When I need an ink refill, I certainly don't run to the corner Rite Aid or Walgreens. I go to Office Depot, Office Max, or Staples. But the fact is...Lenny told us through a PR that the product will be on the shelves in Rite Aid. What was the motive of that PR? Has the deal fallen through, or was the deal really ever there?

I somewhat agree with your theory on why Lenny went public. When you are private, pretty much the only funding you get is funding that must be REPAID (a loan, business line of credit, etc - which you alluded to in your post). When you go public and raise capital through the issuing of shares, you do not have to repay that money. You can beat thousands of shareholders out of millions of dollars and never have to repay a penny of it, especially if you run a company into the dirt and end up in bankruptcy.

I'm not suggesting this is Lenny's intentions. I'm merely suggesting that Lenny had probably knocked on every door he could & when he ran out of options, he went public knowing that this could be his final try in making his product successful. That's was the penny stock market are set up to do. But if it fails again, he owes nobody a single thing. The shareholders are the ones left holding the bag and he gets off scott-free.

Trust me, I hope I'm wrong. I hope this company succeeds like gangbusters. I hope we see a big, juicy PR soon that puts all this speculation to rest. But as I "triangulate" all the facts, I still see plenty of red flags. We need clarification on the Rite Aid deal. I think it's very telling.