Replies to post #36440 on Green Energy Enterprises Inc. (GYOG)

[Han2004fl]

Just to make a point of reference per your post you linked me to:

O/S share count:
9/17/09 354,122,206
9/21/09 354,122,206
9/22/09 365,385,206
.
.
.
10/06/09 420 million

Again, if it's at $.02 a share on avg. 55 million shares x .02 that is like over $1 million in inherrited debt. That seems to be unreasonable for a shell company to have the buyer to pay it off. Am I alone on this one? There must be a better explaination on this share increase in such short term than paying off old debt from the previous shell.

[joelotto]

100mil shares at .02 is 2mil dollars.......How much debt does the company have???????(red flag IMO) IMO if the company puts out a PR that they are buying back shares with part of a 15mil dollar loan they why not use some of that money to retire the debt. IMO they way QASP has handled this is misleading and borderline fraud. In there buyback PR they let shareholders think that shares were going to be retired only to find in one of their filings that its going to insiders. Second.......when they released the buyback PRs it leads investors to think dumping of shares is done and now the company is going to retire so shares but they didn't. What they did was cause a demand for their stock and they dump shares all they way down to its current PPs and over 420mil shares. With the higher demand because of misleading PRs they were able to dump a large chunk of shares at inflated prices because of misleading PRs.

Strait to they point....I post it the way I see it and don't drink kool-aid to make things look better than they reallly are.