Green Energy Enterprises Inc. (GYOG)

[Pennydog]

got a respose for my question from a poster.

Here ae the current terms of the proposed merger as I understand them:

CENTAFLIX or its shareholders will receive all of the issued and outstanding shares of Preferred Class A Stock and seventy-five percent (75%) of the issued and outstanding shares of common stock of the surviving corporation, and (vi) all of the shares owned by the existing shareholders of QUASAR shall be converted, in the aggregate, into twenty-five (25%) of the issued and outstanding shares of the surviving corporation.

This will result in the current shareholders being diluted by 75% and keep the preferred which represent 75%, in tact. This means shareholders will have six percent of the newco and still have all the debts in place.