I find that post unreadable, misleading and unintelligible. Please rearticulate the statement in proximity to the information in the letter to Shareholders/Potential Investors below. dwb
Green Star Energies, Inc. 10000 NE 7th Ave. Suite 100-C Vancouver, WA 98685 Phone: 360-977-6820 Email: Info@GreenStarEnergies.com Web: http://GreenStarEnergies.com Dated: 07-21-10
Dear Shareholder/Potential Investor, As President and CEO of Green Star Energies, I'd like to personally thank you for allowing us an opportunity to provide you with an overview on investing in our company. We're currently in the process of acquiring oil interests, with the intent of providing immediate revenue for the company. As of release date our flagship project the Eberle #1 is moving toward a successful completion with the re-entry permit acquired and drilling completion expected near term. Upon this successful completion management believes it is time to take an aggressive growth model, acquiring multiple oil interests focused keenly on return on investment in respect to production revenue. Along with the new projects, we're negotiating with current note holders to settle outstanding debts. We're confident that by reducing liabilities and increasing revenue, our valued shareholders will see significantly improved value. To acquire new oil interests,management requires additional capital and wishes to provide an opportunity for funders through debt financing backed by a conversion to common restricted shares. We feel the issuance of restricted shares, if exercised, will provide the funder a profitable investment and raise capital for the company in the least dilutive manner. Any funds invested in Green Star Energies will be used for upfront cash payments to operator / owners, reworking wells and possibly drilling deeper or additional enhancements to increase output. Additionally, funds will be utilized to complete due diligence - ensuring the well is producing at an acceptable level. There is also a reasonable expectation of operating expenses such as transfer agent fees and press releases that will have to be factored in which are estimated to be about 20% of the total funding each month. As previously mentioned management will not be accepting any compensation until further notice in either cash or stock and all of the financing proceeds shall follow the above formula. We plan to offer investors an interest rate of 30% of the total investment, with a one-year term. A single balloon payment will be made at the term's conclusion. There is a option to common shares at a 35% discount to the average price upon the conversion date to provide security for the note. The minimum investment is $1,000. I've also attached the actual note, along with a detailed company profile recently updated for your review. Our IR team is available to field any questions or concerns you may have with the proposal. They can be reached at 1-360-977-6570 or ir@greenstarenergies.com. Thank you again for your time. I appreciate your support, and look forward to continuing our efforts to grow the business. Sincerely, Jim Hale, President/CEO Green Star Energies, Inc.
News 
Market Data 
Discover 
