Green Rain Energy Holdings Inc. (OTCID: GREH) Announces CEO's Intention to Cancel 310 Million Common Shares Held Through Holding Company in Exchange for Restricted Preferred Shares to Address Short Positions

Core Viewpoint - Green Rain Energy Holdings Inc. is taking strategic action to strengthen its capital structure by canceling 310 million common shares held by CEO Alfredo Papadakis in exchange for restricted preferred shares, aimed at combating short positions in the market [1][2][3]. Group 1: Share Structure Changes - The cancellation of 310 million common shares will significantly reduce the Company's outstanding common share count, reinforcing management's commitment to protecting shareholder value and ensuring long-term stability [2]. - By converting his holdings into restricted preferred shares, the CEO aligns his interests with those of long-term investors while limiting the availability of common shares for short selling [2][3]. Group 2: Management's Commitment - The decision reflects the Company's dedication to building shareholder confidence and protecting its integrity, with expectations that it will stabilize trading activity and reduce volatility caused by short positions [3]. - The restricted preferred shares will have limitations on transferability and conversion, ensuring a disciplined capital structure aligned with strategic objectives [3]. Group 3: Company Focus - Green Rain Energy Holdings remains focused on advancing its energy initiatives and delivering value to shareholders through responsible governance, innovation, and transparency [4].