Replies to post #170495 on Green Energy Enterprises Inc. (GYOG)

[Anvil]

popeye:

My point exactly. If one believes that Dean has closed these two acquisitions, then one has to believe that the following money has been spent:

1. 1 billion shares dilution issued at steep discount $6-10 million.
2. $8 million from deano
3. $6 million or six months of EBITDA from acquisitions 1 & 2.

So we have spent somewhere between $20 and $24MM in 12 months and we have:

1. A start up flight school
2. A couple of trainer planes.
3. One or two flight sims
3. $1.8MM in mineseeker
4. A couple of million in other companies
5. Corp Air repair.


Something doesn't add up. Oh yeah, we also have a market cap of around $9MM.

EDIT: I am not saying this is a scam, but what I will state is that Dean has blatantly lied on a couple of items:

1. Closing acquisitions 1&2
2. The $15MM line of credit
3. All acquisitions have to close on the same day at the same time.

Hard to believe he actually had the funding lined up to close the acquisitions last year when he famously stated #3 above.