Replies to post #8656 on Green Globe International Inc (GGII)

[DERBENSKI]

smallgain

My take is that it is an unknown. At the same time it could be a monster in the closet. The other three shareholders had loaned money to Green Globe. When GRXI made the purchase from these gentlemen, in addition to giving them GRXI shares, GRXI assumed the notes.

What then is standing behind the last 15% and why did GRXI not pick up the remaining shares at that time?

Could be another million in debt or could be zero.

As you will witness, the restricted shares they recieved will get wiped out in the coming dilution. Surely they knew this in advance.

Bottom line is that it looks like they were looking for a bailout on thier situation and now GGLB shareholders are stuck with someone else's malinvestment.

Derb