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Green Rain Energy (OTCID: GREH) Announces Review of Legacy Convertible Notes and Strengthened Shareholder Protections

Following recently filed Form 8-K disclosures, Green Rain Energy Holdings Inc. announced it suspended all legacy note conversions pending documentation review.
Records indicate a 2019 acquisition involving Medican Enterprises Inc., with a $20,000,000 convertible promissory note bearing 8% interest, as part of the historical transactions review.
The Board authorized a valuation and impairment review of the underlying transaction, evaluating assets under accounting standards such as ASC 350 and ASC 360.
Requests remain blocked until authorized by the Chief Executive Officer and the Board, as transfer agents have been advised that no legacy note conversions will proceed without sufficient documentation.
Current management, which assumed control in 2024, intends to prevent unsubstantiated dilution from unsupported conversions, ensuring compliance with the Securities Exchange Act.

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GREEN RAIN ENERGY HOLDINGS, INC. (OTCID: GREH) Green Rain Energy Announces Review of Legacy Convertible Notes and Strengthened Shareholder Protections

BEVERLY HILLS, Calif., March 13, 2026

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Green Rain Energy (OTCID: GREH) Announces Review of Legacy Convertible Notes and Strengthened ...

BEVERLY HILLS, Calif., March 13, 2026 (GLOBE NEWSWIRE) -- (“Green Rain Energy” or the “Company”) today announced that, following recently filed Form 8-K disclosures, the Company has initiated a comprehensive review of certain legacy convertible debt instruments issued under predecessor…

3 days ago

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