Replies to post #79761 on Green Energy Enterprises Inc. (GYOG)

[c7bk]

40% of new O/S (whatever that will be) not 40% of current O/S.

[joelotto]

I don't think so....because if you add 300mil to the 750mil =1.05bil. 300mil is not 40% of total OS

The reason for this change is that the terms of the funding of the balance of our $350,000,000 financing requires us to issue Class B non-voting shares equal to forty percent of the total outstanding common stock to the lender.