Green Leaf Innovations Inc (GRLF)

[Allbeck]

Someone please give me your take on this. After re-reading it, this is what I believe can happen.

Finally, the Company wishes to address its share structure. The current common stock outstanding is approximately 3.2 billion shares and has not changed in the last 90-100 days. The Company was looking at an acquisition that would have required the issuance of a significant amount of stock. To accommodate this potential acquisition, the Company raised the authorized amount of common stock to 6.5 billion. In light of current events, the Company is no longer pursuing this acquisition but will reserve the authorized for settlement negotiations and future opportunities.

So, since there will be NO ACQUISITION NOW, it seems like Mr. Shea will use the excess shares as a settlement. That is why he stated that. I could be wrong, but I believe that is what he is going to do. Pay off the debt with the new shares and call it even. That alone would be a hell of a lot of dilution then.