Replies to post #136117 on Green Energy Enterprises Inc. (GYOG)

[artfink]

Yes, the 165 million comes from Mr. Newby thouroughly reviewing the target acquisitions and their assets and revenue potentials. He got into this for a reason. And he has warrants as part of the deal that don't start until 20 cents.

In his review I would guarantee he also reviewed the ENTIRE SHARE STRUCTURE. I think one thing that is going to surprise us is how small the float actually is because of the amount of restricted shares and the amount held by insiders.

[fgrimes]

let the record show that you've only been posting here since monday.

[cruzdelsur]

Porgie, Porgie, Porgie.

I asked you to do your homework, and you disappoint me.

READ HERE:

========================================================

Quasar Aerospace Announces an Additional Funding Source



Press Release Source: Quasar Aerospace Industries, Inc. On Monday May 24, 2010, 4:50 pm EDT
JACKSONVILLE, FL--(Marketwire - 05/24/10) - Quasar Aerospace Industries, Inc. (Pinksheets:QASP - News)

QASP has executed loan documents with Newby & Associates, Inc. in order to expedite funds needed for the targeted acquisitions. Newby & Associates, Inc. shall provide $110,000,000.00 in financing secured by the cross collateralization of multiple assets. Since the assets of the targeted acquisitions are not easily liquidated, Newby & Associates, Inc. shall provide bankable investment grade rated assets. In the event of a default, these assets will be easily liquidated to repay the debt. In addition, Newby & Associates, Inc. shall have a UCC1 filing on $165,000,000.00 of QASP's targeted acquisition assets. These filings will be made 90 days after the closing of all targeted acquisitions. There will be two separate loans financed in this structure. The first loan shall be for $10,000,000.00 and the second shall be for $100,000,000.00. These loans shall be consummated within ten banking days of Newby & Associates, Inc.'s receipt of funding expenses totaling $5,500,000.00. These funds shall cover issuance expense of the investment grade collateral, bank fees and prepaid interest. QASP shall secure the initial $500K bridge loan with stock. The $5,000,000.00 expense will be taken from the receipt of the first $10,000,000.00 loan proceeds. Newby & Associates, Inc. is a private finance firm specializing in financial structuring for start-ups, small and mid-sized companies.

This funding is in addition to, or in lieu of, the previously committed $350 million.

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements as a result of various factors, and other risks. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Quasar Aerospace Industries, Inc. undertakes no obligation to update such statements.

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