Green Energy Enterprises Inc. (GYOG)

[SwampGas]

All common will get same offer. Then they can exchange or not.

I'm afraid that's not how it works in the real world. All holders of a common class of stock MUST be treated equally. That is the LAW.

Giving them a "choice" is not treated equally. i.e. the same action must be taken across the board for every share of a common class.

By what mechanism do you expect such a decision to be made? Do you think each broker will call every shareholder and ask their opinion? Brokers are the ones who would handle the transaction (electronically, as a dividend), unless of course the details you are waiting for explain that you must pull your certs and mail them in... which will mean a certain 100% loss, as your broker will not accept a physical cert from a penny stock.

Call your broker and discuss QASP's plan if you don't believe me. I'm afraid the point of the "exchange" was simply to create enough interest to dump whatever paper the insiders are stuck holding.