Groove Botanicals, Inc. (GRVE)

[seismic]

It’s like a nightmare! I guess it would be a matter of one’s prospective.

If you hold any of the convertible notes and or promissory notes that total $1.24 million, (last 10K filing) I would think you wouldn’t be a very happy camper today. If you are an Oiltek original investor, I would think you too, aren’t very happy. If you are an Avalon board member, you might want to rethink that position. But if you purchased the common stock before the R/S at $.0006 a share, you should not have too much trouble sleeping. But my guess, most of those folks have left the building by now.

The real nightmare is for our hero KR. He still hasn’t increased the authorized with the state of Nevada from 3.333 million to 200 million shares. Do you think there are enough shares available today of the 3.333 million, for those folks holding the convertible notes, if they elected to convert? Boy that could be a problem for a few folks. Who wants their good names associated with selling unregistered securities that exceed the authorized.

But then again who would gave themselves preferred shares without a vote and approval of the common stock holders as required by Nevada law. Maybe the holders of these notes should be more concerned about the collateral. KR speaking in the Stockhouse interview about the value of the IP ownership, at the same time knowing Avalon no longer owned that IP. How much “collateral” value was lost there?

Just me, but the nightmare will more than likely be KR’s.