Replies to post #21503 on Green Stream Holdings Inc (GSFI)

[waterchaser]

Everybody loves a train wreck like EGOH.

[crowin]

And the EGOH debt to Toxic financiers is soaring too!

Upon Ms. Helwig's
appointment as a director last month, the company had very
little cash and a disproportionate amount of liabilities. However, because of the acquisition of the Frank Farm lease, the consultant for the company was willing to invest funds that
were used to pay some overdue bills and to send monies to the operator to begin work on the lease. Ms. Helwig convinced the consultant to accept the use of convertible debt as consideration since the company now had an asset and, in the event that the cash flow from operations was not enough to pay back the money borrowed; he could convert his debt into shares as an exit strategy.

BTW who appointed Ms Helwig As Director of EGOH ?



http://ih.advfn.com/p.php?pid=nmona&article=58816290