...as of late January, htere has been the following change:

"SAN DIEGO, Jan 28, 2010 (BUSINESS WIRE) -- Green Star Alternative Energy, Inc. (Pink Sheets: GSAE) announced today that the Company's Board of Directors has set January 29, 2010 as the Record Date for the planned stock dividend that was previously announced. The dividend is to be paid to the Company's stockholders of record on the record date.

The stock dividend is equal to three additional shares of the Company's Common Stock for every four shares of the Company's Common Stock outstanding. The Company's stockholders will need to surrender the stock certificate they currently hold representing the existing (old) shares to obtain the new stock certificate representing the new shares.

In announcing the stock dividend, the Company's Board of Directors noted that the dividend was subject to approval by the Financial Industry Regulatory Authority (FINRA) which has now been obtained. ..."

So, the 'last' close at about .22 is obsolete. The dividend means, of course, an equivalent of dilution. Shares should be about .10 to .14 but are now slightly below that.

Anyone following GreenStar?

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