Replies to post #94095 on Green Energy Enterprises Inc. (GYOG)

[Infinitygold]

Thats the language some bears just don't understand or just want to be ignorant to cause stir on the board. They are manipulating to get cheapies. Look at their posts if they are so negative about Dean and QASP then why are they even here, they could find plenty other good stocks instead of wasting their time here. Realistically they see the potential in this company and they want to get in cheap. Look at level II, look at bid support who do you think is buying all the shares?? At pinksheet level a company diluting like what QASP did over last couple of months would have certainly ended in tripple zero level but it didn't happen with QASP. Why?


From PR:

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.

This what some bears are trying to say:

40% of 1,500 million is 600 million (thats what lender gets)
therefore
1,500 million minus 600 million equals 900 million (thats what they think the O/S should be capped of at)

What they don't realize is that they are taking 40% of A/S not Total Outstanding Shares (which includes restricted and non restricted shares).

Does the above quote from PR says "40% of A/S?
No it doesn't!!!


The correct math would be the following:


Mathematically, Mr. Bradley can increase the O/S to
1,071.4 million and still issue 40% of O/S to the lender!!!

This is how:
40 % of 1,071.4 million is 428.6 million shares.
Now 1,071.4 milllion plus 428.6 million is equal to 1,500 million shares which is the current A/S.

[Infinitygold]

You got that correct:
Total Outstanding shares is not same as A/S.

The key point to be addressed is the total OS must consist of the total of each class of common stock and those whole numbers cannot exceed the total Authorized common stock.

ie. Class A + Class B cannot exceed the 1.5bil authorized shares (unless Dean raises the A/S again), and the class B has to be equal to 40% of the total O/S.