~ One of the statements that bothers me the most
is in the "promissory note" language ...
(6) On March 9, 2012, the Company entered into a convertible promissory note (Asher Note) in a principal amount of $42,500 payable to Asher Enterprises Inc. (“Asher”), which bears an interest rate of 8% per annum and is due on December 9, 2012. Pursuant to Asher Note, Asher has an option to convert all or any portion of the accrued interest and unpaid principal balance of Asher Note into the Common Stock of the Company or its successors, at 58% of the market price, no sooner than September 5, 2012. The conversion price associated with Asher Note was determined based on the facts that the Company had nominal trading volume for its stock, and had negative shareholder equity at the time of issuance.
The R/S cut the float to next-to-nothing , and trading pretty much stopped . Who do you think was responsible for that ? Asher counted on this to drive the price down to convert their shares . Looks like volume has increased quite a bit since Sept 5th , hasn't it ???
I just hope they can dig us out of the hole they buried us in !!!
GLTUs
GOGR (GoGreen) !!!
That's MY moneymaker ;-)
