Company Is Taking Action To Thwart Potential Shorts And Protect Shareholders
Los Angeles, California--(Newsfile Corp. - July 8, 2020) - Green Stream Holdings Inc. (OTC PINK: GSFI) a holding company of Green Stream Finance, Inc., a company that focuses on currently unmet markets in the solar energy space through its innovative solar product offerings, financed for customers via public and private partnerships, today announced that all owners of record on August 15th, will be receiving Ten Shares (10) shares of restricted common stock for every one hundred (100) shares they own as of the Record Date.
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Madeline Cammarata, the company's President said: "Recently the company found that there were parties we believed may be intending to manipulate our common stock by inflating then shorting shares in the open market. During discussions with our corporate attorneys, it was suggested that we could issue a dividend to our existing shareholders… a step that would directly impair those parties' efforts. We are taking this action to both enrich and protect our existing shareholders and to aggressively fight back against those interests that are threatening to manipulate our stock for their sole benefit."
She added: "In spite of the above, we have not taken our eyes off the ball and every day we are continuing to take the steps necessary to achieve our ultimate goal of establishing the company as a key player and disruptor in the growing global solar marketplace."
The Distribution of the special stock dividend will be on date determined by the board (the "Distribution Date") to all Green Stream stockholders of common shares recorded on the record date July 15th 2020. The Distribution will take place in the form of a pro rata common stock dividend to each Green Stream stockholder of record on the Distribution Date.
No fractional shares of common stock will be distributed. Instead, Green Stream stockholders will receive a number rounded to the next highest number. The Distribution is intended to qualify as tax free to Green Stream stockholders for U.S. federal income tax purposes.
No vote or action is required by Green Stream's stockholders in order to receive the Distribution, which is subject to certain customary conditions, which conditions are expected to be satisfied on or prior to the distribution date.
About Green Stream Finance, Inc.:
Green Stream Finance, Inc., a Wyoming-based corporation with satellite offices in Malibu, CA and New York, NY, is focused on exploiting currently unmet markets in the solar energy space, and is currently licensed in California, Nevada, Arizona, Washington, New York, New Jersey, Massachusetts, New Mexico, Colorado, Hawaii, and Canada. The Company's next-generation solar greenhouses, constructed and managed by Green Rain Solar, LLC, a Nevada-based division, utilize proprietary greenhouse technology and trademarked design developed by world-renowned architect Mr. Antony Morali. The Company is currently targeting high-growth solar market segments for its advanced solar greenhouse and advanced solar battery products. The Company has a growing footprint in the significantly underserved solar market in New York City where it is targeting 50,000 to 100,000 square feet of rooftop space for the installation of its solar panels. Green Stream is looking to forge key partnership with major investment groups, brokers, and private investors in order to capitalize on a variety of unique investment opportunities in the commercial solar energy markets. The Company is dedicated to becoming a major player in this critical space. Through its innovative solar product offerings and industry partnerships, the Company is well-positioned to become a significant player in the solar space.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. That includes the possibility that the business outlined in this press release cannot be concluded for some reason. That could be as a result of technical, installation, permitting or other problems that were not anticipated. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Green Stream Finance, Inc. to be materially different from the statements made herein. Except for any obligation under the U.S. federal securities laws, Green Stream Finance, Inc. undertakes no obligation to publicly update any forward-looking statement as a result of new information, future events or otherwise.
1620 Marquez Avenue
Pacific Palisades, CA 90272
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