Replies to post #346633 on Green Energy Enterprises Inc. (GYOG)

[doughboy2]

The problem this has is, with unknown amounts of CD left to dilute, the OS will hit the AS.

Records supporting the issuance of debt securities, which are secured by assets of the company,may not be available in the company offices. We have records for the past 2 years and do not know the location of some of the prior records and therefore cannot measure the amount or nature of the company’s debt or any related derivative liabilities for convertible features imbedded in these securities,which, we believe, is secured by certain assets of the company and its subsidiaries.

http://www.otcmarkets.com/financialReportViewer?symbol=QASP&id=130119

As we've already seen with qasp, there has to be enough shares for the CD holder to convert.

When the AS gets maxed, and there is still more CD, vigil, or whoever the new ceo will be, will have to either double the AS or RS.

If she/he doubles the AS, the pps will bottom out at no-bid.

IMO, she will have to do a RS and start clean.