Replies to post #323329 on Green Energy Enterprises Inc. (GYOG)

[SJOGRINGO]

OMG.. NOT 5 Million But 6,021,350 Common for EACH PFD.A QASP Share

My Bad I thought 5,000,000 for 1 was a BIG Number

WHY would CEO use 90,000,000 O/S in Example of Conversion in a document dated MAY 29, 2014
when it was reported on OTC Markets that on May 15, 2014 the O/S was 2,099,443,920 ?

Why was the correct O/S not used in the May 29, 2014 Public Filing?

Share Structure
Market Value1 $3,988,943 a/o Jun 11, 2014
[b[color=red]]Shares Outstanding 2,099,443,920 a/o May 15, 2014[/color]
Float 2,073,443,920 a/o May 22, 2014
Authorized Shares 2,500,000,000 a/o May 15, 2014
Par Value

ALL about Credibility @ Quasar (QASP)
Good LUCK to ALL During this 2nd Week of June 2014
SJO

Manti Thursday, 06/12/14 10:49:28 AM
Re: SJOGRINGO post# 323326
Post #323501

SJ: That's old and out-dated. It is in a current filing, but it's just a copy of verbiage from earlier filings back when the OS was actually 90M. It's still accurate only as an illustration of how the conversion formula works.

The real formula as explained in the filings is "# of Common Shares issued and outstanding x 6 ÷ # of Series A Preferred Shares issued and outstanding". Using the latest know OS, the numbers now become:

2,099,443,920 X 6 / 2092 = 6,021,350 common shares per pref A share.

Now, there are a couple of things that need to be considered on this topic.

First, the number of pref A's outstanding is not clear in the filings. The filings for the latest Q indicate that there are 2890 pref A's in one place, and 2092 pref A's in another place. The 798 share difference is most likely the pref A's that are or were held by Dean, which begs the question as to their true status since they still seem to be in filings.

Of course, that's not the only glaring error in the financials. For example, the numbers of shares issued for equity and debt conversion do not match between the financial document and the footnotes to it. Then again, what is expected when they don't even know how much convertible debt exists?

Second, the number of common shares that the pref A's convert to depends on how many are converted at one time. The above calculation is assuming that ALL of the pref A's are converted simultaneously, which would most likely not happen unless in the event of a merger.

For clarification, let's say that Bill is gone and chooses to convert his 540 shares of pref A. Using the 2092 as the number of pref A shares, he would get 540 X 6,021,350 = 3,251,529,000 shares TODAY (assuming the AS were increased to accommodate). That would make the new OS 5,350,972,920 with 1552 pref A shares remaining. Those would then convert into 6 X new OS / 1552 or 20,686,751 shares each or 32.1 billion shares.

The possibilities are numerous, and the number of common shares that could be required for conversion approaches bigger numbers than the national debt...

Hope this helps some understand why the pref A's control ALL, and the commons are essentially worthless as an investment.

They're only worth what you can sucker another into paying for them....

SJOGRINGO Wednesday, 06/11/14 07:42:33 PM
Re: SJOGRINGO post# 323326
Post #323329
At 90,000,000 shares outstanding X 6 ÷ 2092 = 258,126 Conversion

How Many QASP common shares issued in conversion with current 2,000,000,000+ Outstanding ???

MAYbe 20X + more or at least 5,000,000+ Common to 1 PFD.A ??? I DON'T Know..??

Donnell..please Do the MATH for Us common Shareholders with CURRENT Share count OUTSTANDING whatever that is from the T/A.

ALWAYS about Credibility @ QASP...
GOOD LUCK to ALL in Days Ahead..
SJO