posted
Incorrect news via Yahoo caused huge slump. Company will put out correct fiscal information tomorrow. Always do your own research.
Green Planet Group, Inc. Requests Retraction of Erroneous Information Disseminated by Yahoo Finance 9 minutes ago - Businesswire
GNPG 0.095 33.80%
As of 12:03 PM ET 7/15/09 Green Planet Group, Inc. (OTCBB: GNPG) today announced that Yahoo Finance (NASDAQ: YHOO) mistakenly released financial data from over two years ago of its predecessor company, EMTA Holdings. The financials were presented as current. Green Planet's lawyers have requested that Yahoo formally retract and correct this egregious error immediately.
Green Planet Group, Inc. contends this error caused a reduction in share value of over fifty (50) percent during the last two days of trading, having nothing to do with the Company's fundamentals.
"Yahoo Finance has such a strong influence on the investing public, that this type of mistake can almost instantaneously damage any public company," stated Mr. Edmond Lonergan, Pres/CEO of GNPG. Lonergan continues, "We will file our current Fiscal Year's 10K by tomorrow and distribute a new release detailing the Company's performance later this week."
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May be a good one to watch tomorrow. Ended the day on several upticks after a slump from the high. Volume is 3X the average. Closed at .085, but Time&Sales shows a buy at .087 after hours.
Always do your own research, and good luck.
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Green Planet Group Reports Year End Results 0 minutes ago - Businesswire
GNPG 0.08 0.00%
As of 12:00 AM ET 7/16/09 Green Planet Group, Inc. (OTCBB:GNPG), an emerging leader in environmentally safe products and services, today announced results for the year ending March 31, 2009 which are detailed in a Form 10-K filing with the Securities & Exchange Commission - www.sec.gov. Highlights of the Year Include: -- Revenues increased 322% to $9.2 million up from $2.8 million for the year ended March 31, 2008. -- Total current assets grew from $4 million for the 2008 fiscal year to $21.4 million for the current year. -- Accounts Receivable increased 378% to $4.3 million up from $.9 million from the prior year. -- The Company acquired the assets of Easy Staffing Solutions, Inc. in March 2009. "We enter the new fiscal year poised for prosperity," stated Edmond L. Lonergan, CEO. "Green Planet Group has built a foundation for significant growth and now has the ability to capitalize on the many opportunities that lie before us. The acquisition of the assets of Easy Staffing Solutions has exponentially increased our asset and revenue base and should more than compensate for the temporary increases in overhead expenses over the long term." "The staffing acquisition also provides synergistic opportunities for Green Planet to grow market share for its products that reduce emissions and increase fuel efficiency. In fact, as a direct result of this acquisition, we are presently selling our green fuel additives to Fortune 1000 Companies that are Lumea clients across America," Lonergan concluded. For the full 10-K financial please visit: http://www.sec.gov/cgi-bin/browse-idea?action=getcompany&CIK=0001372533&owner=ex clude&count=40 Green Planet Group, Inc. (OTCBB: GNPG) is based in Scottsdale, Arizona and engages in ongoing research and development to create products and services that enhance our environment. The Company's revenues are currently derived from the production and distribution of fuel-based energy conservation and clean-air products, as well as through the placement of members of the growing ranks of the unemployed into meaningful "green collar" careers.
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I hate this company. How did they let themselves become delinquent AFTER that ridiculous story on Yahoo? It's like monkeys are on the board of directors or something.
It was a lock to gain today if it wasn't for that. Now, no one is seeing the press release, which is outrageously positive by the way, and no one is investing in a freshly delinquent stock. No patience for turn around, I'm getting out.
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