Replies to post #68978 on GRN Holding Corp (GRNF)

[e-ore]

"During the period from June 26, 2019 to January 31, 2020, our new principal shareholder, GRN Funds, LLC, advanced $113,581 to us by way of loan to fund our working capital requirements"
But GRNF spent more than twice that in three months
"During the three months ended January 31, 2020, we incurred $242,917 in general and administrative expenses compared to the $26,779 we incurred in general and administrative expenses during the three months ended January 31, 2019, representing an increase of $216,138. The growth was due to increased legal fees related to representation and consultation related to general corporate and securities matters including the Company’s filings with the Commission and investor relations costs."
"During the three months ended January 31, 2020 and 2019, we recognized no other income or expense.
"We recognized no revenue during the three-month periods ended January 31, 2020 and 2019, as we have no business from which to generate revenue."
So where did they get this extra cash?
"Net Cash from Financing Activities 226,381"

You say:

The assets just needs to be transferred via the merger, as GRN Funds stated they will do when they acquired DCGD

But SEC filings say they need money to acquire the loi companies:

It is our current intention to seek to raise debt and, or, equity financing to meet ongoing operating expenses, and in order to facilitate the completion of our acquisitions of Pacific Banking Corp., Pacific Merchant Processing, Inc., Microcap Advisors, LLC, SMLY, Inc. (d/b/a: 7 Point Financial and 9 Square Consulting), Soulshine Development Group, Inc., Soulshine CBD, Inc., One Source CBD, Mystic Ranch Development Co., LLC, Magic Beans Hemp, LLC, Sunshine Hemp, Inc., and Squad Drone, Inc. From October, 2019 through January, 2020, we entered into non-binding letters of intent to acquire these entities, to date no material definitive agreements have been entered into containing comprehensive terms and conditions. There is no assurance that these acquisitions will be satisfactorily completed, and future losses are likely to occur.

[Limey42]

Wait for the AS increase and dilution to pay for the assets once transferred! If you think JC is going to gift legacy shareholders 11 superstar companies then I'm a billionaire as well!