Green Planet Group Inc (GNPG)

[sevenOdouble]

GNPG's CC recordings can be found here:
https://www.freeconferencing.com/playback.html?e=1315465200000&cid=conferences/-17-65-6722-17-65-6756-17-65-67-17-65-673550770-17-65-67102-17-65-67-17-65-67-17-65-67.mp3&cn=94-43-28-63

- 16 to 20 million reduction in their liabilities:
* Who is going to pay that amount of money? It won't just disolve in thin air, no matter what plan they have it will stil have to payed one day, so the reduced liabilities on the balance sheet is no more than a one-time-trick... because they can't escape the fact that it must be payed + accrued interests!
* And the money they generate through their course of business is so far used to pay off old debts. It took them all these years to pay off a few million, how long will it take to pay the 20 mil?

- 2 subsidiaries gone = 50% cut in revenue:
* I think that the share price of late reflex that, and todays green blip will soon subside once reality kicks in.

- the O/S is increased with 4 million to previous numbers.
* Did you notice how he stutters (at 9.27 minutes) when he said nnone of us have sha shjold sstock sssold sssshares! Too funny!!
CC Numbers:
O/S: 180 531 129
Float: 101 603 857

Compare them with the numbers I got from the Transfer Agent and with the numbers on the Q's & K's on the SEC site below!

I contacted their TA on 07/20/2011 and asked for the current SS:
"Dear Mr. xxxx
Anna has forwarded your e-mail to me. I am the Transfer Agent for Green Planet Group Inc. In response to your request there no restricted shares issued. Here’s the update as of today:

AUTHORIZED SHARES
ISLAND STOCK TRANSFER
Effective: 07/19/2011
ISSUE: GREEN PLANET GROUP, INC. (393225107) (GNPG)
Shares Authorized: 250,000,000
Shares Outstanding: 176,531,129
Shares RESERVED: 5,329,640
Shares available to issue: 68,139,231
Free Trading Shares: 113,077,684

Don't check their previous financial reports on OTC Markets because the last one shown there dates from 2006: http://www.otcmarkets.com/stock/GNPG/financials
But use the SEC site instead:
http://www.sec.gov/cgi-bin/browse-edgar?company=Green+Planet+Group%2C+Inc.&match=contains&CIK=&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany

10-Q 2011-08-15 = 178,531,129 shares of common stock, par value $0.001, issued and outstanding as of August 2, 2011.

10-K 2011-07-18 = The number of shares of common stock outstanding as of July 8, 2011 was 176,531,129

10-Q 2011-02-22 = 158,174,239 shares of common stock, par value $0.001, issued and outstanding as of February 11, 2011.

10-Q 2011-10-23 = 151,074,239 shares of common stock, par value $0.001, issued and outstanding as of November 17, 2010.

10-K 2010-07-23 = The number of shares of common stock outstanding as of July 13, 2010 was 150,674,739

- "Pump" project:
* at +-13 mins he talks about Frank & Joe who have been working on the project for 7 years and a lot of engineering, geology and an awful lot of the analysis being done relating to the viability of the project. But later in the CC he says that they have to do mountain core drilling and check if the project is viable and that the preliminaries will start in Dec.
So there is no certainty at all that the project will succeed.

- how much will the funder have of the revenue/profit this project yields?
- the State will have their portion too.
- and there will be other funders who will want a piece of the pie, so the part that eventually ends up in GNPG's books will be minimal IMO.
- the most revenue will come from the Lumea staffing building the project and once its finished GNPG will have a 20% stake, and after all the costs being deducted I see them have about 5 - 10% net profit of this deal.

- Xentec & lubricants:
- slow acceptance and many, many years of testing + they have fierce competition of other manufacturers and a long arduous sales process with limited sales force.
- end of October test results for Maersk...
- and other test results are ongoing for lubricants in other countries.

- acquisition of the H-company:
- he says that this will truely help the growt of the company, and that it will bring in immediate revenue, so wiht funds are they going to pay for this new asset? Remember that their already are investors in the technology + the value of the technology + patents to be acquired... that is if they can figure out who own them, lol

- mining project = dormant because the company is struggling in many different areas...

- ACE is more clear now and I see merit in his statement that when GNPG reaches 0.5 that ACE will have their 5 mil back defrauded by Blake, but with the current Chapter 11 it will take them longer to get there and ACE can decide to sell if the situation worsens. All IMO of course.

Lots of ifs & buts if you ask me.
IF it all works out as they plan then yes this can be a great stock to have, BUT the Chapter 11 needs to be payed, the acquisition of H-company needs to be payed, the primary costs of the Pump project will have to be payed before seeing revenue coming in... Since they're lacking cahs at hand for all of this we might see the O/S increase in the next couple of Q's and thats why he stuttered when he talked about selling stock. In no other circumstances during the CC I observed so much anxiety in the tone and color of his voice...

These are just my quick thoughts and don't base your decisions on my opinion... GLTA