Replies to post #268484 on Green Energy Enterprises Inc. (GYOG)

[Flyguy]

Past services

More along the lines of a long delayed employee stock option plan or grant.

7. All of the foregoing issuances of common shares of Quasar Aerospace Industries, Inc. were issued as restricted shares and utilized the standard 144 legend as follows:

"THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 ("THE ACT") AND ARE "RESTRICTED SECURITIES" AS THAT TERM IS DEFINED IN RULE 144 UNDER THE ACT. THE SHARES MAY NOT BE OFFERED FOR SALE, SOLD OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT, OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE ACT, THE AVAILABILITY OF WHICH IS TO BE ESTABLISHED TO THE SATISFACTION OF THE COMPANY."

Well now that we have established that QASP does not pay management with shares. Just needed to catch some members of the board up on this FACT.

[Manti]

Label it any way you choose.

Operationally, Q is spending about double what it takes in, and payroll is about a third of the total expenses.

If they supposedly pay salaries/management with cash, then they have to issue more shares to pay the other expenses.

If they pay management with shares, they don't have to issue as many additional shares to pay the other expenses.

Bottom line, they have NO substantial cash reserves to draw from, and since expenses exceed income by more than double, shares are issued to make up the difference.