Replies to post #11045 on Green Envirotech Holdings Corp (GETH)

[moneybags888]

If trading were easy they would call it poker I suppose. You can write IR to get answers to your questions and they are usually pretty responsive, please share once you do thank you.

[Power of Emouna]

This should answer your question! Seems like they only received the 1st draw of 2.5m$ so far! $GETH

The Company will receive the first draw of $2.5 million from this finance facility immediately; and will deploy this capital to build the first line in our centralized Carbon Finishing Plant in Ohio. GETH will utilize the remainder of the finance facility to build two GEN 1 End of Life Tire Processing Plants in the USA and undertake additional projects. All of these projects will be subject to the successful due diligence and underwriting of each project.

http://greenenvirotech.com/news/green-envirotech-holdings-corp-signs-a-100-million-lease-and-working-capital-credit-facility-from-reads-leasing-and-credit-llc-and-secures-the-first-commitment-and-immediate-draw-of-2-5-million/