Green Leaf Innovations Inc (GRLF)

[vanguard62]

After reading this disclosure.. I can officially confirm that GDSM has NO REVENUE, NO MONEY, NO REAL ASSETS, A $13 MILLION DEFICIT,

125mm new shares were issued to eliminate debt

Interesting.. as debt increased in 2011 BY $1,496,515 regardless of this dilution.

In exchange for assisting in the funding and completion of these endeavors, the Board of Directors agreed to amend the conversion of the Class E Preferred from one share of preferred to one share of common to a conversion of one share of preferred to fifteen shares of common.

Correct me if I am wrong, but this statement indicates that they will CONVERT THE SERIES E SHARES AND SELL THEM PRIOR TO AN UPLISTING, MERGER, OR PURCHASE OF AZURITE INTERESTS.

They have to SELL THE SHARES FOR MONEY before they can begin the process of ANYTHING, as they are BROKE and HAVE NO MONEY TO OPERATE.


If there is one thing we can forecast based on this quarterly report, it is that there will be more selling reported on the upcoming quarterly report.