Replies to post #119040 on Green Energy Enterprises Inc. (GYOG)

[baldeagle9999]

I'm not in it for a flip either, but let's be real. The acquisition 1 and 2 that are supposidly "closed". Are they? Do we own them? Are we booking EPS from them?

The money has been dragging for God knows how long.

I'm not a flipper but I don't have the luxury of waiting years either. I have ben invested for many months and it's getting old hearing "next week" over and over.

We know nothing for sure about where we are, what do we own, are the prior acquisitions even doable now with the delays (one was supposed to be closed by July 09).

A little clarity would go a long way here and I think we deserve it if our investment is going to keep getting diluted pending the holy $350M grail.

[Pennypicks]

NEWS Article Out - This article posted on May 7, 2010, filed

This article posted on May 7, 2010, filed
"Mike Kendrick and Dean Bradley were meeting at the Quasar Aerospace base in Jacksonville, Florida to finalise the deal."

Boost for landmines inventionA top US aerospace company has purchased an option to take a controlling share in a UK-based high-tech landmine detection company headed by a Bridgnorth man.

Quasar Aerospace Industries Inc plans to invest substantially in the Mineseeker Operations group, with the deal scheduled to be finalised shortly.

Mineseeker Operations intends to use a unique ground-penetrating radar system that can detect landmines from an aerial platform – a small plane or helicopter – combined with a GPS and video mosaic system that will accurately map minefields and produce detailed photographic images of affected areas.

“We are delighted that Quasar Aerospace will become investors in this company,” said Mike Kendrick, executive chairman of Mineseeker Operations UK Ltd and founder/CEO of the not-for-profit Mineseeker Foundation.

“There is a massive humanitarian need to rid the planet of landmines, which maim and kill innocent people every hour of every day, and current efforts to detect and destroy mines are taking too long and costing too much.

“Currently, it can cost more than $1 million dollars per square kilometre to declare land mine free – we will be able to survey a square kilometre at a fraction of that price, delivering a healthy profit for our investors whilst simultaneously fulfilling a massive need.

“The United Nations has estimated that it will take several hundred years, at the current rate, to rid the planet of the tens of millions of buried of landmines and other munitions left behind in war zones since the First World War.

“Our technology is designed not only to vastly reduce the cost involved in identifying mines and other ordnance but also to dramatically speed up the process – current detection efforts involve operatives probing the ground by hand.

“The landmine is a man-made disaster, now we have a man-made solution to rid war-torn areas of this daily threat to life and limb and return thousands upon thousands of acres to much-needed agriculture.”

Dean Bradley, CEO of Quasar Aerospace, added: “I am delighted to have secured the option on the Mineseeker business and am keen to finalise the agreement before the end of April so we can move forward together and deliver this much-needed breakthrough to the market.

“There is a massive and urgent need to tackle the landmine problem, and we have both the team and technology to do it.

Furthermore, once the acquisition is completed we will be looking to deploy the technology for use in other commercial applications which would benefit from the high-tech surveys that we can offer.

“The synergy with Quasar, with its assets and interest in aircraft and training, is obvious and we feel that this acquisition will be an excellent fit.”

Mike Kendrick and Dean Bradley were meeting at the Quasar Aerospace base in Jacksonville, Florida to finalise the deal.

http://www.bridgnorthjournal.com/2010/05/07/boost-for-landmines-invention/

[r2g2]

Is anyone watching the international scene? Europe is going nuts and European lenders are getting increasingly freaked out and less inclined to do big deals. I think this is quite possibly at the basis of why our lenders have not signed off on the loan yet. Timing is a scary factor in this. The Irish are often mentioned as the next 'Greece" and the recent election in the UK has kept people over there, and the stock markets in a bit of a nervous tizzy.

These are things that Dean has no control over, obviously.

[baldeagle9999]

I agree that you can't close the deals without the $350M. That was my point and my serious concern at this point.

On another note, I was just thinking about this. Is it possible that the money is in fact secured but Mineseeker was told to wait a couple of weeks so that the 20% could be purchsed at cheap prices. Folks keep saying that some large blocks are being purchased by an apparent mystery buyer. If I was doing this, I sure would want to introduce a little doubt in the market and scoop up shares cheap. At 15M per day he could get 20% of the outstanding pretty quick, or enough of it that the average price including some higher priced shares after an announcement would still be aceptable.

JMHO