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Edward

07/15/20 4:38 PM

#50731 RE: MACDaddy #50730

The MM's aren't holding the price down. GRNH is holding the price down. There hasn't been an official PR since 10/19. Last statement filed was for the period ended 12/19.

Questionable if GreenGro is still operating. After numerous e mail attempts (and phone calls) to contact GRNH, last one returned with the following message:


This message was created automatically by mail delivery software.

A message that you sent could not be delivered to one or more of its
recipients. This is a permanent error. The following address(es) failed:

greengrotech@gmail.com
(ultimately generated from info@greengrotech.com)
host outbound.mailspamprotection.com [184.154.177.50]
SMTP error from remote mail server after end of data:
550 High probability of spam


In addition, There is no way GRNH can stay in business with:

5.6 million in notes payable

1.9 million in interest payable

and that's as of 12/31/2019, interest payable is a lot higher now since the interest rate went up because they are in default. No mention about the loan but if default is declared by the lender, there is a 25% principal penalty and the interest rate jumps to 22% (from 9/30/2019 statement).

According to this statement, YTD gross revenues were 303 thousand and the 9/30/2019 statement showed 292 thousand gross revenues, which means the last qtr. had only 11 thousand in sales unless the 9/30/2019 statement was wrong or they are not selling anything.


Typical quarterly financials are not signed, but this is an Annual with no name(s) are listed at the end of the report.

Also this is an annual statement and isn't even audited!!!. Annuals are always audited!!