Replies to post #88519 on Green Leaf Innovations Inc (GRLF)

[Ken1a]

They might have been hitting the MKT for a while, max shares would end up ~ 2.25B

They will try hard for an RS but I don't think it will be approved,I sense it's close to the end for this one.

T/A's should never be gagged IMO !

[vanguard62]

Just the facts: There are 100 million Series E authorized, 60 million issued, 4 million converted and diluted into the market, and 56 million issued which have yet to be converted and diluted into the market.

All Series E shares are convertible immediately, on the demand of the holder, and will convert at a rate of 15 common shares per each Series E share.



Keep in mind, the TA has been gagged as the outstanding Series E remain immediately convertible without correspondence to shareholders.

Series E Authorized 100,000,000 (1,500,000,000 common)
Series E Outstanding 56,000,000 (840,000,000 common)
Series E Converted 4,000,000 (60,000,000 common)
Common A/S After Conversions (AT LEAST 1,579,887,086)
Common O/S After Conversions (1,579,887,086)
Common Float After Conversions (AT LEAST 1,499,887,086)

Effective A/S as of 12/22/12 1,579,887,086

Once again, the TA has been gagged and the CEO has demonstrated that the shareholders and the public do not have to be notified as conversions take place and the O/S increases. The fact that the TA is concealing the S/S activity is a strong indicator that conversions and dilution are taking place.