Replies to post #211709 on Green Energy Enterprises Inc. (GYOG)

[Mickey68]

A public defender. lol

[doughboy2]

Easily.

Jeff came in and immediately began to work in two areas:

value to shareholders
bringing down the fraudsters

He has remained vigilant and has us on the verge of both.

Jeff's update answers your last point best:

"Quasar and Centaflix Corporation (“Centaflix”) remain committed to the proposed merger as announced on January 27, 2011. Centaflix and its legal team are now working with Quasar in a concentrated effort
for the prosecution of all fraudulent activities to the fullest extent allowable by law. Centaflix is committed to the prospect of value from this merger and is committed to bring value to Quasar and its shareholders."

[Investman432]

Those very thoughts crossed my mind.

"merger was maybe invented because he knew all this [e.g., the standoff between Dean and Jeff over capital structure/governance] was coming. What private co is so desperate that this is their best candidate?"

Jeff is skillful in disclosing the LOI as a tactic to pressure Dean to end the standoff - i.e., allow the recap that removes the odious Series A conversion. Basically saying - the RM is a positive outcome for you, but you can f*ck it up by continuing to obstruct - and end up with nothing.

Its appears to be a well-planned gambit.

Your second thought is also true - what excuse for a company wants to reverse into this mess - other than QASPs ability to attract eyeballs (Aha - that's valuable for internet companies).