Replies to post #20153 on Greenfield Farms Food Inc. (fka GRAS)

[Pinky Buster]

GRAS News won't Help this POS!

Debt,Preferred-Shares,Notes-Payable is all this stock is about!
BILLIONS of SHARES to DUMP & DILUTE to pay the owners of this POS.

I agree with that. We need some news and movement. Unfortunately, companies rarely announce any news during Thanksgiving week so I'm thinking we see something next week.

Maybe the month after or maybe in 2015...ETC...? SURE!

NOTE 2 – GOING CONCERN

The accompanying financial statements have been prepared on a going concern basis of accounting which contemplates continuity of operations, realization of assets, liabilities, and commitments in the normal course of business. As of September 30, 2014 and December 31, 2013, the Company had a working capital deficit and has incurred significant losses since inception. Further losses are anticipated raising substantial doubt as to the Company’s ability to continue as a going concern. The accompanying financial statements do not reflect any adjustments that might result if the Company is unable to continue as a going concern. The Company plans to acquire sufficient capital from its investors with which to pursue its business plan. There can be no assurance that the future operations will be significant and profitable, or that the Company will have sufficient resources to meet its objectives. There is no assurance that the Company will be successful in raising additional funds.

2014 Common Stock Issuances
During the nine months ended September 30, 2014, the Company issued 590,527,544 shares of common stock upon conversion of $228,839 in principal and interest payable on convertible notes representing a value of $0.00039 per share. In addition, we incurred loss on conversion of certain of the shares totaling $572,866 for a total cost to the Company of $801,705.

LIQUIDITY AND CAPITAL RESOURCES
GENERAL. Overall, we had a net loss of $1,001,591 for the nine months ended September 30, 2014. During the nine month period, we had cash flow used by operations of $303,658, net cash used in investing activities of $898, and cash flows provided by financing activities of $368,093. At the end of the nine month period ended September 30, 2014, our cash balance was $68,559.

CASH FLOWS FROM OPERATING ACTIVITIES. Net cash flow used in operating activities was $303,658, which included non-cash adjustments to derivative liabilities from convertible notes payable totaling $122,345 and loss on conversion of debt of $572,866, all related to our convertible notes outstanding. The adjustments to reconcile the net loss to net cash for changes in assets and liabilities for the period ended September 30, 2014 totaled $(13,858) with the decrease in checks written in excess of cash balance of $13,555 as the single largest change.

CASH FLOWS FROM INVESTING ACTIVITIES. Net cash used in investing activities was $898 that included the purchase of equipment for the Carmela’s restaurants.

CASH FLOWS FROM FINANCING ACTIVITIES. For the nine months ended September 30, 2014, cash flows from financing activities was $368,093, which consisted primarily of proceeds from issuance of convertible notes payable of $200,005 and proceeds from notes payable related parties totaling $453,473 that was offset by $285,685 for payments made on notes payable related parties.

INTERNAL SOURCES OF LIQUIDITY. There is no assurance that funds from our operations will meet the requirements of our daily operations in the future. As we expect that funds from our operations will be insufficient to meet our operating requirements as a public company and for future expansion, we will need to seek other sources of financing to maintain liquidity. This will most likely include further convertible notes and other security instruments that will incur substantial dilution to our current stockholders.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10316042

POS INDEEDS!

[TronBronson]

Bernie take a look at L2 right now it looks like dump and paint but I cant see it, Im seeing that almost 100 M shares traded in past 15 minutes. Whats going on out there!?