Green Innovations Ltd (OTC:GNIN)

WEB NEWS

Wednesday, February 20, 2013

Investor Alert

The following is the beginning of an article our first article on GNIN, "Initial GNIN Pump and Dump Findings", that we made available to Premium Members on 2/19/2013:

The second that we came upon the Green Innovations (OTCBB:GNIN) promotional mailers, we concluded that the company would attempt to craft sprinkles of legitimacy to lift shares in order to create massive amounts of wealth (currently in excess of $70 million) for certain players, instead of successfully building a viable long term enterprise.

We stumbled upon GNIN at around the same time that we found Echo Automotive (OTCBB:ECAU) that appeared to be preparing for a pump.  Within 11 days from the beginning of a “third party” pump campaign, ECAU rose 330% to reach a high of $3.61 on January 29, 2013. Just 12 days later ECAU broke the $1.00 mark to the downside.

See the entire first report here.

Today, we released a follow up to the first report, "Green Innovations Derailed", which you can see here.

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Tuesday, February 19, 2013

Pump and Dump Watch

MIAMI, Feb. 19, 2013 /PRNewswire/ -- Green Innovations Ltd. (OTCQB: GNIN) (OTCBB: GNIN) ("Green Innovations" or the "Company") is pleased to announce that it has successfully repaid four (4) Convertible Promissory Notes (the "Notes") issued to Kachess Financial Corporation ("Kachess") for a total amount of $51,967 ($49,300 plus accrued interest of $2,667).  The Kachess Notes had originally been issued by Green Hygienics, Inc. ("Green Hygienics"), now a wholly-owned subsidiary of the Company, prior to its acquisition by Green Innovations in September 2012.

"These convertible note financings were an important source of early stage private funding for Green Hygienics," stated Mr. Bruce Harmon , Chief Executive Officer of Green Innovations.  "Now we are extremely happy to have retired the debt in full and ahead of schedule with cash only and without any dilution from the potential 5.2 million shares previously associated with the Notes."

In addition, the Company is pleased to announce that it has initiated, subject to FINRA approval, an issuance of a 24% dividend to all common stock shareholders (the "Stock Dividend").  The Stock Dividend will consist of 24 new common shares of the Company for every 100 common shares held by shareholders as of February 19, 2013, the record date.  Stock Dividend shares issued to shareholders owning 10% or more of the issued and outstanding common shares of the Company, as well as Company management, will be subject to all resale, hold, and control restrictions of Rule 144.  The payment details for the Stock Dividend are subject to change as per FINRA review and approval. 

"Green Hygienics' expanding product lineup has been very well received by retailers, distributors, and consumers and we continue to display better than originally expected growth potential," continued Harmon.  "With this in mind, we are confident that a stock dividend is an ideal way to unlock the full benefit of repaying the convertible notes without dilution and to reward our shareholders for their continued support."

Additional information regarding payment specifics of the Stock Dividend will be made in a subsequent press release by the Company.



Monday, February 18, 2013

Investor Alert
Alternative Construction Technology (Symbol use to be ACCY) Bruce Harmon, President of GNIN, use to be an interim CFO and director of Alternative Construction Corp.

Revocation of Registration of Securities of Alternative Construction Technology, Inc

The Securities and Exchange Commission announced the revocation, pursuant to Section 12(j) of the Securities Exchange Act of 1934 (the Exchange Act), of the registration of each class of securities of Alternative Construction Technologies, Inc. (Alternative Construction), a Florida corporation, registered with the Commission pursuant to Section 12 of the Exchange Act. The company currently exists as a shell company and is quoted on the "pink sheets" market under the symbol ACCY.PK. In its Order revoking the registration of securities of Alternative Construction, the Commission found that Alternative Construction failed to comply with Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 there under, while its common stock was registered with the Commission, in that: (i) it failed to file an Annual Report on Form 10-K since the report for the fiscal year ended December 31, 2006; and (ii) it failed to file any quarterly reports on Form 10-Q since the report for the fiscal quarter ended September 30, 2008. As noted in the Form 8-K filed by Alternative Construction on January 3, 2009, the audit report in Alternative Construction's 2007 annual report was withdrawn by the audit firm, thereby rendering the 2007 annual report, filed March 7, 2008, insufficient to satisfy Alternative Construction's Exchange Act reporting requirements for 2007. 

The Commission cautions brokers, dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company.

Further, brokers and dealers should be alert to the fact that Section 12(j) provides, in pertinent part, as follows:

No member of a national securities exchange, broker, or dealer shall make use of the mails or any means or instrumentality of interstate commerce to effect any transaction in, or to induce the purchase or sale of, any security the registration of which has been and is suspended or revoked pursuant to the preceding sentence.

Without admitting or denying the findings in the Order Instituting Administrative Proceedings Pursuant to Section 12(j) of the Securities Exchange Act of 1934, Making Findings, and Revoking Registration of Securities, Alternative Construction consented to the entry of the order. (Rel. 34-63689; File No. 3-14183)