I contacted the company and received this information...
JL,
I'm sending you two attachments of announcements from Green Energy Live (GELV) I hope this information will be helpful?
We do not know why the stock is trading the way it has, only to say that normal trading will resume when the "D" comes off the symbol (July 25th).
Respectfully,
James Crimi
Investor Relations for Green Energy Live, Inc,
June 28, 2011
Green Energy Live, Inc. Reverse Split
On May 23, 2011, Green Energy Live, Inc. filed proper notification with the state of Nevada and
the Financial Industry Regulatory Authority (FINRA) of its intention to reduce its issued and
outstanding shares from 4,626,601,000 to 4,626,601 by initiating a 1000 for 1 reverse stock split
which became effective June 24, 2011 Due to the reorganization of the shares the stock symbol
will temporarily have a “D” added to the symbol (GELVD) but will revert back to (GELV) on July
25, 2011 or before. Our decision to reduce the issued and outstanding shares is part of an effort
to improve and strengthen the value of the company. We hope this does not negatively impact
our existing shareholders and ultimately benefits the company and them.
About Green Energy Live (OTC Markets: GELV) Green Energy Live, Inc. is engaged in
developing sustainable biomass-to-energy conversion technology to meet a critical need
for the nation's $154 billion livestock industry. The company plans to use its proprietary
Gasification technology for the development of highly innovative, on-site manure-to
electricity conversion systems to enable livestock farmers and ranchers to convert there
animal waste into clean renewable energy.
This press release may contain certain forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, that are intended to be covered by the
safe harbor created by such sections and other applicable laws. Such forward-looking
statements include, without limitation, plans and expectations regarding the development
of GELV's gasification technology and other projects and operations. GELV has tried,
whenever possible, to identify these forward-looking statements using words such as
"anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar
expressions. Where the Company expresses or implies an expectation or belief as to
future events or results, such expectation or belief is expressed in good faith based upon
currently available information, and is believed to have a reasonable basis. However,
Forward-looking statements are subject to risks, uncertainties and other factors, which
could cause actual results to differ materially from future results expressed, projected or
implied by such forward-looking statements. Such risks include, but are not limited to: (1)
GELV's need for additional financing, which is not assured and which may result in
dilution of shareholders; (2) GELV's status as a small company with a limited operating
history; and (3) regulatory restrictions in the production of bio-fuels. For a more detailed
discussion of such risks and other factors, see the Company's 2009 Annual Report on
Form 10-K, filed on April 17, 2010, with the Securities and Exchange Commission, and
its other SEC filings. The Company does not undertake any obligation to release publicly
revisions to any "forward-looking statement," to reflect events or circumstances after the
date of this news release, to update or provide advice in the event of any change,
addition or alteration to the information contained in this news release including such
forward-looking statement, or to reflect the occurrence of unanticipated events, except
as may be required under applicable securities laws.
Contact: Investor Relations: 1-800-557-9572 Ext. 200
Green Energy Live, Inc.
111 Hekili Street #A-1843 Kailua, HI 96734
www.greenenergylive.com
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