GELV - WKN: A0RMX9 - Green Energy - Handelbar in Frankfurt & USA $$$$$$$$$$$$$$$$$$

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GELV - WKN: A0RMX9 - Green Energy - Handelbar in Frankfurt & USA $$$$$$$$$$$$$$$$$$

GELV - Green Energy - Ein aufstrebendes US - Unternehmen - 2 Revolutionäre US Patente - Alternative Energien

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GELV - Strong Buy $$$$$$$$$$$$$$$$$$$

The Company Web site The Company on Yahoo Finance The Companys SEC filings
Green Energy Live - Green Technology Company for Fuel, Farming and Waste Management GELV.OB: Summary for GREEN ENERGY LIVE- Yahoo! Finance GELV.OB SEC Filings | GREEN ENERGY LIVE Stock - Yahoo! Finance
The Companys current situation
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
The following discussion should be read in conjunction with the Financial Statements and Notes thereto appearing elsewhere in this Form 10-Q. The following discussion contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 relating to future events or our future performance. Without limitation, the words "believe", "plans", "expects" and similar expressions are intended to identify forward-looking statements regarding our intent, belief, and current expectation. These statements are not guarantees of future performance and are subject to risks and uncertainties that cannot be predicted or quantified. Consequently, actual results could differ materially from the expected or implied by such forward-looking statements. These forward-looking statements represent our judgment as of the date of the report. We disclaim, however, any intent or obligation to update any forward-looking statements.
We are a renewable energy technology company focused on developing and commercializing energy conversion technology in the emerging field of fossil fuel alternatives. Our business strategy is to grow through acquisitions of established companies that fit our business plan. The current market trends in the renewable energy industry have caused us to focus first on the biomass to fuel segment of the renewable energy industry.
In July, 2009, we exited the developmental stage and became operational with the acquisition of Comanche Livestock Exchange, LLC ("Comanche" or "CLE") in Comanche, Texas. Comanche Livestock Exchange, LLC was one of the two acquisition candidates that were identified in late 2008 for which we had signed letters of intent for acquisition. We acquired Comanche because of its long time presence in the livestock market and its strategic location in the middle of Texas, a state with a large livestock industry. To offer a renewable energy solution in the biomass to fuel segment, Green Energy Live, Inc. must have a market presence or access to the livestock industry to reach potential end users of a biomass to fuel energy system. Comanche gives us the inroad into this market segment with its extensive customer base and its well regarded reputation.

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On March 18, 2010, we completed payment of the first $450,000 installment ("First Installment") of the $950,000 acquisition Promissory Note due to Mr. Dean Cagle, the former owner of CLE, under the CLE Stock Purchase Agreement. We accomplished this by a series of cash payments to Mr. Cagle in the fourth quarter of 2009, followed by conversions of the $65,900 remaining balance by Mr. Cagle to our common stock in the first quarter of 2010. A total of 98,253,700 common shares with a total market value of $1,309,667 were issued to Mr. Cagle as of result of these conversions. Of the total market value in common stock issued, $936,840 represented and was recorded as a premium payment on the original debt owed. $65,900 was recorded to debt payment, resulting in an excess of $306,927 in stock value received by Mr. Cagle over the recorded debt balance owed. The excess stock value paid to Mr. Cagle represents the amount of the mortgage note balance outstanding as of March 31, 2010 on the CLE land and buildings that had been assumed by us as a part of the acquisition of CLE, although it remains personally guaranteed by Mr. Cagle. Under the terms of the Purchase Agreement, the Promissory Note was to be reduced by any debt assumed by us at closing. However, it was the intent of both we and Mr. Cagle for the First Installment to be settled in its entirety prior to Mr. Cagle paying off the mortgage note. With the final settlement of the First Installment on March 18, 2010, Mr. Cagle is obligated to pay off the mortgage note in full, which we expect will occur in the second quarter of 2010. Until that time, we have recorded the excess stock value issued to Mr. Cagle as a note receivable. The remaining $500,000 balance on the Promissory Note is due in two annual installments of $250,000 beginning in August 2010.
We began discussions with Peck Electric, Inc. ("Peck"), in Burlington, Vermont back in 2008 and entered into a letter of intent for the acquisition of Peck Electric, which expired in 2009 but was recently renewed in February, 2010. Assuming that our proposed acquisition of Peck is consummated, we will have the technological expertise to install at the end user, any biodigester systems that are developed or acquired. In 2009, Peck began to install solar energy systems and has added this offering to its business mix, which we feel makes this a strong fit for the next acquisition. Solar energy installations are also becoming a leading alternative to fossil fuel usage. We also intend to seek out growth in this market by acquiring Peck Solar, a division of Peck Electric, Inc. Peck Solar is a leading solar installation and design firm in Vermont. Our ability to enter into a definitive agreement to acquire Peck, and our ability to complete any such acquisition, will depend upon our ability to raise capital on favorable terms, which is not assured.
Although we currently do not possess any biodigester system at this time, we are actively seeking to acquire an existing biodigester renewable energy company to complete the pieces we need to have in place to offer a turnkey renewable energy solution. We have access to a very effective prospecting system that reviews dozens of companies on a monthly basis and we anticipate that we will have an acquisition candidate identified soon. However, any further acquisition will depend upon our ability to raise capital on favorable terms, which is not assured. We intend to finance these pending and planned acquisitions with an agreement for equity financing of up to $20,000,000 from Dutchess Capital Management, LLC. The Company has had an agreement with Dutchess since June of 2007 and the Company has determined that this agreement is to be updated and will be the funding source for the acquisitions. The Board met with Dutchess on April 28, 2010 to discuss the details. A final agreement is pending approval of the Board at the time of the filing of this Quarterly Report.
We have developed, acquired and maintained a portfolio of patent applications and an approved patent that form the proprietary base for our research and development efforts in the area of renewable energy. Assuming that our patent applications are granted, which is not assured, this technology base will provide a competitive advantage and will facilitate the successful development and commercialization of techniques and devices for use in a wide array of alternative energy approaches including bio-fuels, advanced fermentation, and a novel solar thermoelectric power generation technology.

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One of our three pending patents, entitled "The Direct Steam Injection Heater with Integrated Reactor and Boiler," was approved and issued on July 14, 2009. Another of the patents was initially denied and is currently under appeal for approval. In the event our appeal on this patent is denied, we believe this will have no material effect on the execution of our business plan. No final communication has been received for the two pending patents.