Memphis,Tennessee; New York, New York (PRWEB) May 05, 2014
GreenGold Ray Energies (GREENGOLD) [CUSIP #: 395257 108 OTC.Market Symbol: GRYE] is fueling the future – powering aviation, transportation, motor transport fleet operations, and alternative form of electric power generations, announced its filing of SEC Form 8-K on March 3, 2014 and a 175-for-1 stock split on the Effective Date to be set by FINRA, with its new stock symbol, is heralding the upsized equity capital value for its investors and shareholders, for the GREENGOLD’s greener golden future and expected future earnings reports.
The split augments the equity capital value of GreenGold’s shares — for 175 shares at the estimated minimum price of $0.6825 are worth the same amount of money as the one (1) share at the current closed bid price of $0.0039. Hence, will make GreenGold shares become more lucrative marketable securities and be fully DTC eligible, thereby enabling the current management to subscribe and to be registered in the higher tier of the stock exchange. This price level will be more approachable for investors drawing the attention of the index committee that decides the makeup of the price-weighted Dow Jones Industrial Average. The 30-stock gauge has kept GreenGold’s shares trading at arms-length for over 3 years because of its super-sub-penny price skewing the measure with a change to its formula.
Moreover, Investors-Shareholders of record will receive seven (7) additional shares for each GreenGold Pre-Split shares [CUSIP # 395257 108] they owned and bought by May 12, 2014 or on the prior date the stock will start trading on a "Split-Adjusted Price" on the Effective Date to be set by FINRA.
GreenGold’s last split of its stock was on July 31, 2008, when the company was a different animal started trading at $2.00 a share after the debut of its “Alternative Jatropha Oil Biofuel” business endeavor. The idea of a split was steadfastly dismissed by the Members of the Founding Board of Directors for they believe that this “do nothing for shareholders”. GreenGold’s Board of Directors refused to split, however, due to the unavoidable circumstance, it was necessary to do so and found it of paramount importance for the best interest of the shareholders and the Company’s growth. The effect of the past mismanagement caused the share’s price plummeted below super sub-penny coupled with increased billions of issued and outstanding shares. The split was the only option GreenGold’s Board can do that had been anathema of its principle. On the positive note, GreenGold sees an upsized effect to do the split, to use the cash to be raised for its growth and expansion that investors will be content to let this action to do so with the expectation that it would be put towards innovative commodity productions!
Hence, on April 21, 2014 the Company marked the new beginning, re-organized and completed the merging of the Company out of the State of Texas to the new surviving State of Tennessee jurisdiction, with its current competent and dependable management team ready to introduce the varied products available for sale, such as the alternative jatropha feedstock, jatropha oil, gold, silver, platinum, copper and all other precious minerals.
“We’re confident in GreenGold Ray Energies' greener and sustainable future! We see tremendous value in GreenGold’s stock,” the Board and its Officers said in the announcement; “so we’re continuing to allocate the majority of our programs to considerable future increase in sales of its commodities bringing success and profitability for GreenGold Ray Energies!”
ABOUT GREENGOLD RAY ENERGIES
GREENGOLD [GreenGold Ray Energies, Inc.-Stock Symbol: GRYE] headquartered in Tennessee, U.S.A. is a rapidly growing multinational alternative bio-green energy industry, incorporating two (2) major business enterprises:GREEN Industry - the alternative jatropha oil biofuel industry operating in three (3) Continents: Americas, Africa and Asia; and GOLD & other Minerals Industry - the exploration and mining production by its wholly owned mining subsidiaries operating in two renowned world’s regions of the Continents of Africa and Asia rich in gold, silver, diamond, platinum, copper & other mineral reserves. GREENGOLD is committed to the implementation of sustainable, alternative green biofuel and safe-to-the-environment mining technology in the productions of commodities representing additional profitable endeavors, thereby enhancing its Investors-Shareholders' Equity Capital Value and achieving fiscal strength based on the principle of PROFIT-PEOPLE-PLANET. Management continues to focus on achieving increased PROFIT, while conducting business with utmost consideration and compassion for the PEOPLE and the protection of our PLANET and the Environment.
FORWARD-LOOKING STATEMENTS: Forward-looking statements involve known and unknown risks, uncertainties, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding gold production in future periods and factors that could cause actual results to differ materially from anticipated results. These include risks and uncertainties such as: risks relating to estimates of explorations, oil and gold minerals reserves, mineral deposits and production costs, mining and development risks, the risk of commodity price fluctuations, political and regulatory risks, and risks of obtaining required operating permits and other risks and uncertainties. The Stocks are very highly speculative and may be unsuitable for all but very aggressive sophisticated investors. GREENGOLD disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
CONTACT:
Investor Relation
Tel. 1(888) 352-4988 ext. 2
Fax.1(888) 924-0718
Email: IR(at)GreenGoldRay(dot)com;
URL://http:http://www.GreenGoldRay.com