Replies to post #51738 on Greene Concepts Inc (INKW)

[jazz_1]

From what I see, the $50 per month is to allow one to be 'activated' and be able to participate in the commission pools such as the retail commission pool, the general ink sales, and anything else the company does. I believe that is the intent. While it would have nice to be part of the commission pool (had I activated), founders should have already been allowed to be a part of that pool by default and not have to pay additional monies to be a part of the commission pools. I believe that as of 9/1, if one is a founder and did not activate, then the founding position is lost. I assume if one activates at a later time that they regain their founding position.

My concerns are that the founder's program reached its apex four years ago and we are still at the same spot we were then (possibly less). One thing that Duane did do well was help to reach the 400 needed units sold. Since he left things have not been the same. There has been talk of a retail deal but nothing has materialized as of today. The company has not filed financials in awhile and the focus seems to be on people getting activated versus implementing a get well plan. The get well plan should come from the risk that the company itself takes, not asking people to put more money in. The restricted shares, two reverse splits, the 506 program (i.e. $1,000 for 300,000 shares which also underwent the reverse split), Bit-Coin, another founder's units sale 1 1/2 years ago, and now activation. In the letters R-O-I there seems to be a big focus on the "I" and little on the "R" unfortunately.

As if that wasn't enough, I believe another large hurdle preventing success is a focus on a product (refillable ink) that people are not using now as much as they were 10 years ago. I believe that ink should be a secondary product and that there should be another main product focus. Because of e-mail and cloud based systems, people are not printing as much anymore.

I am back to what I mentioned here several years ago "Success nullifies skepticism".

-Jazz