Green Leaf Innovations Inc (GRLF)

[Warmy]

There are too many unknowns to give an explanation for the Series E shares. For all we know (and this is a plausible scenario), the E Shares could be held by the CEO for voting rights and keep control of the company.

GDSM has done nothing illegal by changing the rate of conversion. The proper paperwork was filed with the state of Florida which is all that is required. The company value (called market capitalization) is calculated by multiplying the PPS with the O/S. Since the O/S cannot exceed the A/S, the value of the company is not affected.

IF shares were issued higher than the A/S count, then there would be consequences. To this point, that has not happened and the CEO knows SEC regulation.

Nothing nefarious going on here. It is just a company with limited resources trying to get their feet off of the ground.