UNITED ~~STATES~~STATESSECURITIES ~~SECURITIES~~ AND EXCHANGE ~~COMMISSION Washington~~COMMISSIONWashington, D.C. ~~20549~~ 20549

FORM 10-Q

(MARK ONE)

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the ~~quarterly~~three month period ended ~~December~~June 3130, ~~2010~~ 2011

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from ~~_______~~______ to _______

Commission File Number 0-52396

~~GREEN~~Green ~~EQUITY~~Equity ~~HOLDINGS~~Holdings, ~~INC~~Inc. (Exact name of registrant as specified in its charter)

Nevada	20-2889663
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

1015 W. Newport Center Drive, Suite 105 Deerfield Beach, FL 33442 (Address of principal executive offices)

(954) 573-~~1709 Registrant~~1709Registrant's telephone ~~number~~ number

~~___________________________________________________________~~ (Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (of for such shorter period that the registrant was required to submit and post such files). Yes [X] No [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer [ ] Accelerated filer [ ] Non-accelerated filer [ ] Small reporting company [X]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [ [ ] No [X]

As of ~~December~~June 3130, ~~2010~~2011, there were 5979,~~072~~722,210 shares of the registrant's common stock outstanding.

GREEN EQUITY HOLDINGS, INC.
INDEX

PART I FINANCIAL INFORMATION
Item 1. Condensed Financial Statements	F-1
Item 1. Financial Statements	F-1
Condensed Balance Sheets at December 31, 2010 (unaudited) and March 31, 2010	F-1
Compilation & Review Report at June 30, 2011	F-1
Unaudited Condensed Statements of Operations for the nine months ended December 31, 2010 and December 31, 2009	F-2
Balance Sheets at June 30, 2011 (Unaudited) and March 31, 2011	F-2
Unaudited Condensed Statements of Cash Flows for the nine months ended December 31, 2010 and December 31, 2009	F-3
Statements of Operations For The Three Months Ended June 30, 2011 and June 30, 2010	F-3
Unaudited Notes to Condensed Financial Statements	F-4
Statements of Cash Flows For The Three Months Ended June 30, 2011 and June 30, 2010	F-4
Notes to Financial Statements	F-5
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations	3
Item 3. Controls and Procedures	54
PART II OTHER INFORMATION
Item 1. Risk Factors	65
Item 2. Other Information	65
Item 3. Exhibits	65

2ACCOUNTANT'S REVIEW REPORT

TO THE STOCKHOLDERS GREEN EQUITY HOLDINGS, INC. ~~CONDENSED~~DEERFIELD BEACH, ~~BALANCE SHEETS~~ FLORIDA

		December 31,			March 31,
		2010			2010
		(Unaudited)			(Audited)
CURRENT ASSETS
Cash and Cash Equivalents	$	2,256		$	-
Accounts receivable		-			-
Notes receivable-related party		-			1,245
Prepaid expenses		-			5,000
TOTAL CURRENT ASSETS		2,256			6,245
Property & Equipment,		84,738			90,860
Property & Equipment, net		84,738			90,860
Other Assets		24,250
TOTAL ASSETS	$	111,244		$	97,105
CURRENT LIABILITIES
Accounts payable and accrued interest	$	455,753		$	683,696
Notes payable - related party		389,861			391,106
Notes Payable – Other		434,660			210,941
TOTAL LIABILITIES		1,280,274			1,285,743
Commitments and Contingencies
STOCKHOLDERS' EQUITY (DEFICIT)
Preferred stock, $0.0001 par value; 50,000,000 shares authorized; none are issued and outstanding.		-			-
Common stock, $0.0001 par value, 500,000,000 shares authorized; 59,072,210 and 27,483,210 shares issued and outstanding at December 31, 2010; and March 31, 2010, respectively.		56,733			27,483
Additional paid-in capital		8,634,990			8,334,664
Accumulated deficit		(9,860,753	)		(9,550,785	)
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)		(1,169,030	)		(1,188,638	)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$	111,244		$	97,105

We have reviewed the accompanying balance sheets of Green Equity Holdings, Inc. (the "Company") for the quarter ending June 30, 2011, and the related statements of operations and cash flows for the period then ended, in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. All information included in these financial statements is the representation of the management of Green Equity Holdings, Inc.

A review consists principally of inquiries of Company personnel and analytical procedures applied to financial data. It is substantially less in scope than an audit in accordance with generally accepted auditing standards, the objective of which is the expression of an opinion regarding the financial statements taken as a whole. Accordingly, we do not express such an opinion.

Based on our review, we are not aware of any material modifications that should be made to the accompanying financial statements in order for them to be in conformity with generally accepted accounting principles.

Labrozzi & Co., PA
Miami, FL
February 27, 2012

F-1

~~See~~GREEN ~~accompanying~~EQUITY ~~notes~~HOLDINGS, toINC. ~~the~~BALANCE ~~condensed unaudited financial statements~~SHEETS

GREEN EQUITY HOLDINGS, INC. CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED)

		June 30,			March 31,
		2011			2011

ASSETS
Cash	$	1,642		$	533

Total Current Assets		1,642			533

Non-current assets
Equipment, net of accumulated depreciation		-			-
Intangible assets, net of accumulated amortization		3,750			4,000

Total non-current assets		3,750			4,000

TOTAL ASSETS	$	5,392		$	4,533


LIABILITIES AND DEFICIENCY IN ASSETS
Accounts payable and accrued expenses	$	6,000		$	6,000
Derivative liability					15,000
Convertible note payable - related party		32,948			32,948
Convertible notes payable		663,256			641,257

Total liabilities		702,204			695,205

Deficiency in assets
Preferred stock, $.0001 par value: Series A and B, 50,000,000 shares authorized: none issued and outstanding		-			-
Preferred stock, $.0001 par value: Series C, 50,000,000 shares authorized: none issued and outstanding		-			-
Common stock, $0.0001 par value, 950,000,000 shares authorized: 79,722,210 and 75,222,210 shares issued and outstanding as of June 30, 2011 and March 31, 2011, respectively		7,972			7,522
Additional Paid-In Capital		8,903,717			8,859,167
Accumulated Deficit		(9,608,501	)		(9,557,361	)

Total deficiency in assets		(696,812	)		(690,672	)

TOTAL LIABILITIES AND DEFICIENCY IN ASSETS	$	5,392		$	4,533

		For The Three			For The Three			For The Nine			For The Nine
		Months Ended			Months Ended			Months Ended			Months Ended
		December 31,			December 31,			December 31,			December 31,
		2010			2009			2010			2009
REVENUES	$	-		$	-		$	-		$	-
Cost of sales		-			-			-			-
GROSS MARGIN		-			-			-			-
OPERATING EXPENSES:
Selling, general and administrative		162,380			21,101			385,874			93,779
Depreciation and amortization		13,323			13,073			41,122			39,218
TOTAL OPERATING EXPENSES		175,703			34,174			426,996			132,998
NET LOSS FROM OPERATIONS		(175,703	)		(34,174	)		(426,996	)		(132,998	)
OTHER EXPENSE
Interest expense		(5,160	)		-			(15,480	)		-
Other income		-			1,211			469			3,711
TOTAL OTHER EXPENSES		(5,160	)		1,211			(15,011	)		3,711
NET LOSS	$	(180,863	)	$	(32,963	)	$	(442,007	)	$	(129,287	)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANIDING-BASIC AND DILUTED		3,104,250			23,533,100			7,040,976			23,057,210
LOSS PER COMMON SHARES-BASIC AND DILUTED	$	(0.06	)	$	(0.001	)	$	(0.06	)	$	(0.006	)

F-2

See accompanying notes to the condensed unaudited financial statements

GREEN EQUITY HOLDINGS, INC.
STATEMENTS OF OPERATIONS

		For the Three Months Ended			For the Three Months Ended
		June 30,			June 30,
Expenses
General and Administrative	$	23,890		$	35,430
Depreciation and amortization		250			15,226

Total Expenses		24,140			50,656
Net loss before other income (expenses):		(24,140	)		(50,656	)

Other income (expenses):
Other income					469
Loss on conversion of notes payable		(27,000	)		-
Interest expense					(60,284	)

Total other income (expenses)		(27,000	)		(59,815	)

Net loss before provision for income taxes		(51,140	)		(110,471	)

Provision for income taxes		-			-

Net loss	$	(51,140	)	$	(110,471	)

Basic and Diluted Profit per Share	$	(0.00	)	$	(0.00	)

Basic and Diluted Weighted Average Number of Shares Outstanding		78,722,210			37,139,627

F-3

See accompanying notes to the condensed unaudited financial statements.

GREEN EQUITY HOLDINGS, INC. ~~CONDENSED~~ STATEMENTS OF CASH ~~FLOWS~~ ~~(UNAUDITED) Indirect Method~~ FLOWS

			For the Nine Months Ended
		June 30			June 30
			December 31,
		2011			2010
			2010			2009
CASH FLOWS FROM OPERATING ACTIVITIES:
CASH FLOW FROM OPERATING ACTIVITIES:
Net Loss	$	(51,140	)	$	(110,471	)
Net loss		$	(442,007	)	$	(129,287	)
Depreciation expense					15,226
Adjustment to reconcile net loss to net cash used in operating activities:
Amortization expense		250			-
Depreciation and amortization			41,872			39,219
Adjustments to reconcile net income to net cash used in operating activities:
Common shares issued for services			342,428			-
Changes in operating assets and operating liabilities:
Changes in assets and liabilities:
Accounts Receivable					(481	)
Increase in accounts receivable			-			(2,500	)
Derivative liability		(15,000	)		60,284
Decline in accounts payable			(11,813	)		17,924
Accounts payable and accrued expenses		-			(4,484	)
Increase in accrued expenses			20,280
Net cash used in operating activities		(65,890	)		(39,926	)
Other assets			(25,000	)		-
CASH FLOWS FROM FINANCING ACTIVITIES:
Change in Sales tax payable			(354	)		-
Bank overdraft					(19	)
Net Cash (Used) in Operating Activities			(74,594	)		(74,644	)
Proceeds for convertible notes purchased		25,000			1,151
CASH FLOW FROM INVESTING ACTIVITIES:
Payments on convertible notes - other		(3,000	)		(8,500	)
Advance to purchase fixed asssets			(35,000	)
Sale of common stock		450			29,000
Net Cash Used in Investing Activities		$	(35,000	)		-
Additional paid in capital		44,550			26,100
CASH FLOW FROM FINANCING ACTIVITIES:
Net cash provided by financing activities		67,000			47,732
Bank overdraft			-			36
NET INCREASE IN CASH AND CASH EQUIVALENTS		1,110			7,806
Repayments to Empire, LP			(23,303	)		-
CASH BEGINNING OF PERIOD		533			-
Decrease is notes payable – Other			(10,000	)
CASH END OF PERIOD	$	1,642		$	7,806
Increase in notes payable to Empire, LP			20,000			-
Proceeds from notes payable – OTC Capital, LLC			39,800			-
Proceed from notes payable – FCI, Corp.			30,253			-
Proceed from notes payable – others			-			74,416
Proceeds from sale of common stock			55,100
Net Cash and\or shares (Used) in Financing Activities		$	111,850		$	74,452
Cash and cash equivalents at beginning of period						(192	)
Change in Cash Flow						192
Cash and cash equivalents at end of period			2,256		$	-
Supplemental Disclosure of (a) Non-Cash for Operations
(b) Investing Activities and (c) Financing Activities:
Notes payable to Empire in exchange to GEO Commnand notes		$	208,500
Value of services for 2,500,000 shares at $0.04 less n\p	a	$	97,500
Common stock issued upon conversion of Notes Payable to Empire, LP		$	2,500
Common stock issued upon conversion of Notes Payable to OTC Capital Partners, LLC		$	7,500
Value of services for 1,500,000 shares at $0.04 less n\p	c	$	58,500
Value of 2,000,000 shares sold at $0.0181 from n\p	c	$	36,200
Value of services for 100,000 $0.03 less n\p	c	$	2,000
Value of services for 2,500,000 shares at $0.04 less n\p	c	$	97,500
Value of services for 500,000 shares at $0.03 less n\p	c	$	14,500

F-4

See accompanying notes to the condensed unaudited financial statements.

~~F-3~~GREEN EQUITY HOLDINGS, INC. NOTES TO FINANCIAL STATEMENTS For the Three Months Ended June 30, 2011

GREEN EQUITY HOLDINGS, INC. NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED) For the Nine Months Ended December 31, 2010

NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS

Green Equity Holdings, Inc. formerly, CX2 Technologies, Inc. (“the Company" or "CX2") was incorporated on May 21, 2002 as Brook-view Institute, Inc., under the laws of the State of Nevada. On November 16, 2005, the Company changed its name to CX2 Technologies, Inc. On ~~December~~May 610, ~~2005~~2006, the Company ~~filed~~commenced ~~articles~~its ofbusiness ~~correction to~~operations ~~change~~in the ~~name~~State toof ~~CX2~~Florida. ~~Technologies~~Effective July 1, ~~Inc.~~2010, Onthere ~~May~~was ~~10,~~a ~~2006,~~change of control of the Company ~~commenced~~ ~~its~~ business ~~operations~~objective was inrefocused on the ~~State~~energy ~~of Florida~~industry. Effective August 16 th, 2010, the Company changed its name to Green Equity Holdings, Inc. ~~(the~~ ~~“Name Change”).~~

~~Concurrently~~Effective ~~with~~March ~~the~~29, ~~Name Change~~2011, the Company ~~changed~~previously ~~its~~entered into ~~focus~~the tosale ~~become~~and aassignment ~~holdings~~of ~~company~~liabilities ~~that~~for ~~invests~~certain ~~primarily~~assets inknown ~~high~~as ~~growth businesses~~the ~~offering novel solutions to global energy~~CX2 Technologies, ~~resources~~Inc. ~~and environmental challenges~~segment. ~~Pursuant~~The toassets ~~the~~and ~~new~~liabilities ~~strategy,~~disposed ~~the~~of ~~company~~consist ~~entered into~~of aapproximately ~~letter~~$49,738 of ~~intent,~~assets ~~effective~~and ~~September 2010~~$845,613 toof ~~enter~~liabilities ~~into~~in aconsideration ~~joint~~of 1,500,000 ~~venture~~shares ~~with Strategic~~of ~~Energy~~common ~~Supplies~~stock ~~Corporation~~issued ~~(“SESC”)~~by tothe ~~build~~Company ~~and~~having ~~operate~~a ~~not~~value ~~less~~of ~~than~~approximately ~~three~~$15,000. ~~(3)~~The ~~grease~~company ~~trap~~realized ~~plants~~approximately ~~within~~$399,288 income from the ~~next~~sale ~~twelve~~of ~~months.~~its discontinued operation.

OnFor ~~June~~the ~~30,~~first ~~2010,~~quarter ~~Lester Hahn~~ended, ~~sole director, President and CEO of CX2 Technologies, Inc. (~~the “Company”) ~~resigned~~has ~~from the positions held with~~completed ~~the~~winding-up ~~Company~~its ~~including~~discontinued ~~resignation~~operations asknown ~~a member of the Board service. There was no disagreement~~ as ~~defined in 17 CFR 240.3b -7- between~~ the ~~Registrant~~CX2 ~~and~~Technologies, MrInc. ~~Hahn’s resignation from the Board of Directors~~

Effective ~~June~~March 30, ~~2010~~2011, the Company ~~appointed~~has ~~Raimundo~~entered ~~Dias~~into asa formal ~~sole~~letter ~~Director,~~of ~~President~~intent ~~and~~with ~~CEO~~Remington toEnergy ~~replace~~of ~~Mr.~~Houston, ~~Hahn.~~Texas ~~Mr.~~for ~~Dias~~the ~~will~~purchase ~~serve~~of ~~as a~~two ~~director~~oil ~~until~~and ~~his~~gas ~~successor~~properties ~~has~~valued ~~been~~in ~~elected~~excess atof ~~the~~$2,000,000 ~~next~~located ~~annual~~in ~~meeting~~Nueces County, Texas. The terms of the ~~Registrant's~~ ~~shareholders~~agreement orprovide ~~until~~for ~~his~~the ~~earlier~~purchase ~~resignation,~~of ~~removal,~~two oroil ~~death.~~and gas leases:

~~Effective~~(1) ~~October 8~~Oil, ~~2010,~~Gas ~~the~~and ~~Company~~Mineral ~~entered~~Lease ~~into~~consisting ~~a definitive~~of ~~agreement~~250 ~~with~~acres ~~Evolution~~known ~~Fuels,~~as the ~~Inc.~~Wilson toLease besince aJanuary ~~50%~~of ~~member~~1934 inproclaimed ~~their fully~~to ~~owned~~S.F. ~~bio~~Hurlbut ~~diesel~~as ~~plant~~recorded in Volume ~~Durant in Oklahoma for $125~~15,~~000.~~ ~~According~~Page ~~to the~~608 ~~letter~~ of ~~intent,~~ the ~~Company~~Oil ~~has~~and ~~invested~~Gas ~~$25,000~~Lease ~~thus~~Records ~~far~~of ~~with~~Nueces ~~the balance to be paid upon closing November 8~~County, ~~2010. The Company also agreed to assist in~~Texas; ~~financing~~and ~~capital improvements to the Durant Plant totaling 1,375,000 beginning January 2011.~~

~~Finally~~(2) Oil, ~~effective~~Gas ~~November~~and 3,Mineral ~~2010,~~Lease byconsisting ~~resolution~~ of 5 acres along the ~~board,~~Nueces ~~the~~River ~~Company~~that ~~authorized~~is part of a Gas Pooling Unit since September 1966. The tract is part of 80 acres dated December 1950 conveyed from the ~~cancellation~~State ~~and~~of ~~return~~Texas to ~~treasury~~F. William 4Carr as recorded in Volume 116,~~525,750~~ Page 100 of the Oil and Gas Lease ~~shares~~Records of ~~common~~Nueces ~~stock~~County, Texas.

FThe terms include all producing and non-4producing and shut-in oil and gas wells located on the leases, together with mineral leaseholds and interests in contracts, pipelines, right-of-ways or easements created by such leases, and all material, fixtures such as personal property and equipment associated with such Wells. The Wilson Lease has one well which produces approximately 3,000 mcf of natural gas per month.

~~GREEN~~The ~~EQUITY~~Company ~~HOLDINGS~~agreed to acquire the Wilson Lease for a price of $2,000,000 ~~INC.~~and ~~NOTES~~assumption TOof ~~CONDENSED~~various ~~FINANCIAL~~debts ~~STATEMENTS~~associated ~~(UNAUDITED)~~with ~~For~~the Lease as consideration for the ~~Nine~~purchase, ~~Months~~the ~~Ended~~Company ~~December~~will 31issue a combination of capital stock, ~~2010~~promissory notes and cash. The price will be adjusted if both parties agree subject to revisions based on a satisfactory reserve report.

~~NOTE~~On 2April –30, ~~INTERIM~~2011 ~~FINANCIAL~~with ~~STATEMENTS~~the failure of Remington Energy of Houston, Texas to provide suitable due diligence regarding the acquisition of the above leases, the transaction was terminated by the Company.

~~The~~NOTE ~~accompanying~~2 ~~unaudited~~– ~~condensed~~QUARTERLY ~~financial~~FINANCIAL statements of Green Equity Holdings, Inc. (the "Company") have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the "SEC). Certain information and footnote disclosures, normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such SEC rules and regulations. Nevertheless, the Company believes that the disclosures are adequate to make the information presented not misleading. These interim condensed financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company's March 31, 2010 Annual Report as filed on Form 10K. In the opinion of management, all adjustments, including normal recurring adjustments necessary to present fairly the financial position of the Company with respect to the interim financial statements and the results of its operations for the interim period then ended December 31, 2010, have been included. The results of operations for interim periods are not necessarily indicative of the results for a full year. STATEMENTS

The accompanying quarterly financial statements of Green Equity Holdings, Inc. (the "Company") have been prepared and reviewed pursuant to the rules and regulations of the Securities and Exchange Commission (the "SEC). Such rules require that these quarterly financial statements are prepared in accordance with Generally Accepted Accounting Principles (US GAAP); and review report is in accordance with Generally Accepted Auditing Standards (US GAAS). These standards require that footnotes and disclosures are provided in order to assist the readers with supporting details that are documented in the condensed financial statements.

The Company recommends that the footnote disclosures made herein with its quarterly reviewed financial statements be read in conjunction with its quarterly review report also included in its filing on Form 10-Q for the quarter then ended June30, 2011. In the opinion of management, our financial statements and footnote disclosures fairly present our financial position and results of operations of the Company for the quarter then ended as of June 30, 2011.

Method of Accounting

The Company maintains its books and prepares its financial statements on the accrual basis of accounting.

F-5

Cash and Cash Equivalents

Cash and cash equivalents include time deposits, certificates of deposit, and all highly liquid debt instruments with original maturities of three months or less. The Company maintains cash and cash equivalents at financial institutions, which periodically may exceed federally insured amounts.

Loss Per Common Share

Loss per common share is computed in accordance with FASB ASC 260-10 (Prior authoritative literature Statement of Financial Accounting Standards No. 128, “Earnings Per Share”), by dividing income (loss) available to common stockholders by weighted average number of common shares outstanding for each period.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results can differ from those estimates.

Income Taxes

The Company accounts for income taxes in accordance with FASB ASC 740-10 (Prior authoritative literature Statement of Financial Accounting Standards No. 109, “Accounting for Income Taxes”), using the asset and liability approach, which requires recognition of deferred tax liabilities and assets for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of such assets and liabilities. This method utilizes enacted statutory tax rates in effect for the year in which the temporary differences are expected to reverse and gives immediate effect to changes in income tax rates upon enactment. Deferred tax assets are recognized, net of any valuation allowance, for temporary differences and net operating loss and tax credit carry forwards. Deferred income tax expense represents the change in net deferred assets and liability balances.

Recent Pronouncements

The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position, or cash flow.

Equity Securities

Holders of shares of common stock shall be entitled to cast one vote for each common shares held at all stockholder’s meetings for all purposes, including the election of directors. The common stock does not have cumulative voting rights.

The preferred stock of the Company shall be issued by the Board of Directors of the Company in one or more classes or one or more series within any class and such classes or series shall have such voting powers, full or limited, or no voting powers, and such designations, preferences, limitations or restrictions as the Board of Directors of the Company may determine, from time to time.

No holder of shares of stock of any class shall be entitled as a matter of right to subscribe for or purchase or receive any part of any new or additional issue of shares of stock of any class, or of securities convertible into shares of stock or any class, whether now hereafter authorized or whether issued for money, for consideration other than money, or by way of dividend.

NOTE 3 – GOING CONCERN

The accompanying ~~condensed~~ financial statements have been ~~prepared~~ prepared assuming ~~that~~ the Company will continue as a going concern. The Company has ~~had~~experienced a net ~~loss~~losses of $~~442~~51,~~007and~~140 aand negative cash ~~flow~~flows from operations in the amount of $4965,~~594~~ 890 during ~~the~~three-month ~~ninemonths~~quarter ended ~~December~~June 3130, ~~2010~~2011, along with a working capital deficiency of $~~187~~700,~~098~~562 and a stockholder's deficiency of $1696,~~69,029~~812. ~~These conditions~~This ~~raised~~insolvent condition raises substantial doubt about the Company's ability to continue as a going concern. The Company always had recurring losses from its operations ~~that~~since it began in ~~2002~~ and ~~the~~never had annual revenues ~~were not~~ sufficient enough to cover the Company's incurred expenses and its obligations as they became due.

F-6

NOTE 4 – RE-ORGANIZATION COSTS

~~The~~During the previous year, the Company re-allocated prepaid expenses in the amount of $5,000 to Re-Organization Costs ~~that were attributable to the acquisition~~. These reorganization costs are being amortized over a 60 month period. Amortization expense for the ~~nine and~~ three months ended ~~December~~June 3130, ~~2010~~ 2011 was $~~750 and $~~250~~, respectively~~.

F-NOTE 5- DISCONTINUED OPERATIONS

~~GREEN~~IFRS ~~EQUITY~~5 ~~HOLDINGS,~~defines ~~INC.~~a ~~NOTES~~“discontinued TOoperation” ~~CONDENSED~~as ~~FINANCIAL~~a ~~STATEMENTS~~component of ~~(UNAUDITED)~~an ~~For~~entity ~~the~~that ~~Nine~~has ~~Months~~been ~~Ended~~disposed ~~December~~of, 31or is classified as held for sale, ~~2010~~and Represent a major line of business or geographical area of operations.

~~NOTE~~On 4March –29, ~~SUMMARY~~2011, OFthe ~~SIGNIFICANT~~Company ~~ACCOUNTING~~disposed of its’ previous assets ~~POLICIES~~and liabilities that represented the remaining business segment known as CX2 Technologies, Inc. This segment was sold for the assignment of its net realizable value of assets and liabilities of ($415,288) in consideration for 1,500,000 shares of common shares that were valued at $15,000 at the time of the transaction representing a net gain of $399,288. There was no income tax effects computed or implied on the transaction for the annual financial statement report.

NOTE 6 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The following summarizes significant accounting policies to assist the reader in understanding and evaluating the condensed financial statements. These policies are in conformity with accounting principles generally accepted in the United States of America and have been applied consistently in all material respects.

Basis of Accounting

The condensed financial statements are prepared using the accrual basis of accounting where revenues and expenses are recognized in the period in which they were incurred.

Revenue Recognition

The Company ~~followed~~had ~~the~~no ~~provisions~~revenues offor ~~Topic ASC 605 “Revenue Recognition in Financial Statements”, formerly Staff Accounting Bulletin (“SAB”) No. 104 Revenue Recognition. Revenue from users of network services were recognized at~~ the ~~time~~quarter ~~the~~then ~~services~~ended ~~were~~June ~~provided. For example~~30, ~~revenue from the~~ ~~sale of radios and other related equipment were recognized at the date of delivery to the customer and when collection was reasonably assured~~2011. ~~Revenues from consulting services were recognized at the time services were provided.~~

Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Fair Value of Financial Instruments

ASC topic 825, “Disclosures about Fair Value of Financial Instruments,” requires disclosures of information regarding the fair value of certain financial instruments for which it is practicable to estimate the value. For purpose of this disclosure, the fair value of a financial instrument is the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced sale or liquidation. The carrying values of the Company's financial instruments which consist of accounts receivable, notes receivable, accounts payable, and notes payable approximate fair values due to the short-term maturities of such instruments.

~~Net~~Income ~~Loss Per Share~~ Taxes

The Company ~~computed~~accounts ~~basic~~for ~~and~~income ~~diluted~~taxes ~~loss~~in ~~per~~accordance ~~share~~with ~~amounts~~FASB ~~for~~ASC ~~December~~740-10 ~~31,~~(Prior ~~2010~~authoritative ~~pursuant~~literature toStatement ~~the~~of ~~ASC~~Financial ~~topic~~Accounting Standards ~~260~~No. 109, “~~Earnings~~Accounting ~~per~~for ~~Share.~~Income Taxes”), ~~Basic EPS~~using isthe ~~calculated~~asset asand ~~net~~liability approach, ~~income~~which orrequires ~~loss~~recognition ~~attributable~~of todeferred ~~common~~tax ~~stockholders divided~~liabilities byand assets for the ~~weighted~~expected ~~average~~future ~~number~~tax consequences of ~~common~~temporary ~~shares~~differences ~~outstanding~~between ~~during~~ the ~~period.~~carrying ~~Diluted~~amounts ~~EPS~~and isthe ~~calculated~~tax ~~using~~basis ~~the~~of ~~"if~~such ~~converted"~~assets and liabilities. This method utilizes enacted statutory tax rates in effect for ~~common~~the year in which the ~~stock~~temporary ~~equivalents~~differences are expected to reverse and gives immediate effect to changes in income tax rates upon enactment. AsDeferred tax assets are recognized, net of ~~December~~any 31valuation allowance, ~~2010~~for ~~there~~temporary ~~were~~differences noand ~~common~~net ~~stock~~operating loss ~~equivalents~~and ~~outstanding~~tax credit carry forwards. Deferred income tax expense represents the change in net deferred assets and liability balances.

~~Recent~~Loss ~~Accounting~~Per ~~Pronouncements~~ Share

~~Recent~~Loss ~~accounting~~per ~~pronouncements~~common ~~that~~share ~~the~~is ~~Company~~computed ~~has~~in ~~adopted~~accordance with FASB ASC or260-10 ~~that~~(Prior ~~will~~authoritative beliterature ~~required~~Statement of Financial Accounting Standards No. 128, “Earnings Per Share”), by dividing income (loss) available to common ~~adopt~~stockholders inby ~~the~~weighted ~~future~~average ~~are~~number ~~summarized~~of ~~below~~common shares outstanding for each period.

F-6 7

~~GREEN~~Use ~~EQUITY~~of ~~HOLDINGS, INC. NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED) For the Nine Months Ended December 31, 2010~~Estimates

~~NOTE~~The 5preparation –of ~~NOTES~~financial ~~PAYABLE~~statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results can differ from those estimates.

~~Debt~~NOTE ~~due~~7 as– ofNOTES ~~December 31, 2010 consists of the following:~~ PAYABLE

Unsecured notes payable to Biz.com are interest bearing and have no payment terms.		389,861
Unsecured notes payable to Empire, LP are non-interest bearing and due on demand.		303,280
Unsecured notes payable to Michael Rand are interest bearing and have no payment terms.		32,189
Unsecured notes payable to OTC Capital LLC are non-interest bearing and due on demand.		66,394
Unsecured notes payable to FCI Corp. are non-interest bearing and due on demand.		32,798
Sub-total of long term notes payable		824,522
Less: Current portion of long term notes payable		824,522
Total		-

Debt due as of June 30, 2011 consists of the following:

NOTE 6 – STOCKHOLDERS' EQUITY

Unsecured notes payable to Biz.com, USA are non-interest bearing and due on demand		389,861
Unsecured notes payable to Empire, LP are non-interest bearing and due on demand.		126,185
Unsecured notes payable to OTC Capital are non-interest bearing and due on demand.		143,210
Unsecured notes payable to FCI Corp. are non-interest bearing and due on demand.		32,948
Unsecured note payable to Martin Weinstein is interest bearing at 8%.		4,000

Sub-total of long term notes payable		696,204
Less: Current portion of long term notes payable		696,204
Total		0

Fusion Capital, a related party, assumed some of the Company’s accounts payable in return for a convertible promissory note in the amount of $32,498. The note bears no interest and is payable upon demand in cash within 90 days and convertible thereafter.

NOTE 8 – EARNINGS PER SHARE

The Company computed basic and diluted earnings per share for June 30, 2011 pursuant to the ASC topic 260, “Earnings per Share.” Basic EPS is calculated as net income or loss attributable to common stockholders divided by the weighted average number of common shares outstanding during the period. Diluted EPS is calculated using the "if converted" method for common stock equivalents.

The weighted average number of shares issued and outstanding are 78,722,210 on June 30, 2011.

As of June 30, 2011 there were no common stock equivalents outstanding, however there were approximately 3,000,000 shares of restricted stock issued and outstanding.

NOTE 9 – STOCKHOLDERS' EQUITY

Common Stock

AsOn of July 1, 2010, the Company ~~has~~ increased its authorization to to issue common stock in the amount of 500,000,000 shares; having a par value of $.0001 per share; and effective March 31, 2011, the Company has increased its authorization to issue common shares in the amount of 950,000,000 at par value $.0001. There were 5979,~~072~~722,~~210and~~210 27and 75,~~483~~222,210 shares issued and outstanding as of June ~~December 31~~30, ~~2010~~2011, and March 31, ~~2010~~2011, respectively.

During the quarter ended June 30, 2011, there were 3,000,000 tradable shares of common stock issued for the conversion of $3,000 worth of promissory notes. With the market value of the shares at $30,000 at the time of the conversion, this conversion resulted in an additional $27,000 charge to Other Expense.

F-8

Preferred Stock

AsOn of July 1, 2010, the Company ~~has~~ increased its authorization to to issue preferred shares Series A and B in the amount 50,000,000 shares; having a par value $0.0001. On March 31, 2011, the Company authorized an additional 50,000,000 shares Series C having a par value of $0.0001. None are issued and outstanding.

Private Placement of Common Stock

As of ~~December~~June 3130, ~~2010~~2011, there were no private placements for common stocks being offered through private placement memorandums.

~~F-7~~NOTE 10 – SUBSEQUENT EVENTS

~~GREEN~~Subsequent ~~EQUITY~~events ~~HOLDINGS,~~can ~~INC.~~be ~~NOTES~~viewed TOin ~~CONDENSED~~the ~~FINANCIAL~~Q2 ~~STATEMENTS~~Form ~~(UNAUDITED)~~10Q ~~For~~which ~~the~~has been ~~Nine~~filed ~~Months~~concurrent ~~Ended~~with ~~December~~this ~~31,~~Q1 ~~2010~~Form 10Q.

NOTE 711 – ~~COMMITMENTS~~CONVERSION ~~AND~~OF ~~CONTINGENCIES~~ DEBT

~~Operating~~APB ~~Lease~~No. ~~Obligations~~84 Describes the method of accounting for conversions of convertible debt to equity securities when the debtor induces conversion of the debt by offering additional securities or other consideration to convertible holders. This Statement requires recognition of an expense equal to the fair value of the additional securities or other consideration issued to induce conversion.

InThe ~~November~~Company ofincurred ~~2010,~~a loss in the ~~Company~~amount ~~entered~~of ~~into~~$27,000 aon ~~60-month~~the ~~operating~~conversion ~~lease~~of ~~for~~debt 8valued at $3,~~400~~000. ~~square~~The ~~feet~~following ofis ~~warehouse~~a ~~and~~schedule ~~office~~of ~~space~~all ~~located~~the atdebt ~~3305~~conversions ~~Anvil~~for ~~Place~~which the Company issued additional shares in ~~Raleigh,~~order NCto ~~beginning~~reduce its ~~November~~debts 1,thereby ~~2010~~recognizing ~~and~~an ~~ending~~additional ~~November 30,~~expense ~~2015~~upon ~~for~~the ~~rent~~conversion inat the fair ~~amount~~market ofvalue ~~$4,800~~during ~~per~~the ~~month,~~fiscal ~~exclusive~~quarter ofended ~~recurring utility~~June ~~expenses.~~30, 2011

NOTE 8 – RELATED PARTY TRANSACTIONS

			Conversion	Shares	Mkt	Mkt	Debt	Other
	Cert #	No.	Date	Issued	Prices	Value	Converted	(Inc) / Exp

OTC Capital	1781	1	4/25/11	3,000,000	$ 0.01	30,000	3,000	27,000

~~Until released legally, the previous Company known as CX2 Technologies, Inc. was party to a number of agreements with Biz~~F-com USA, Inc. ("Biz-com") a former major stockholder of the Company. The previous Company had non-exclusive access to 500 million minutes of airtime in the 220 MHz frequency band as a result of its Airtime Agreement with Biz-com which was entered into in March 2006. In addition, the Company had another non-exclusive license agreement (known as “the “License Agreement”) with Biz-com which provided for rights to use certain wireless digital data intellectual property, including rights to further develop the existing technology and/or new technology of which new would be owned by the Company. The Company also had certain ancillary obligations to Biz-com including lease hold payments on behalf of Biz-com so long as the License Agreement was in full force and effect. In 2008, Biz-com ceased operations and lost ownership of its FCC licenses thereby breaching its obligations under the License Agreement. Accordingly, the new Company believes that all agreements with and obligations to Biz-com related to the License are null and void and that the Company is released from any obligation to Biz-com and/or having any successor-in-interest in any of our new developments. 9

F-8

ITEM 2 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

The following is a general discussion and analysis of our financial condition and results of operations for the ~~six~~three ~~month~~months ended ~~December~~June 3130, ~~2010~~2011 that could have a significant effect on reporting financial statements in the future.

~~Caution~~Cautionary Note Regarding Forward-Looking Information

All statements contained in this Form 10-Q, other than statements of historical facts, that address future activities, events or developments are forward-looking statements, including, but not limited to, statements containing the words "believe," "expect," "anticipate," "intends," "estimate," "forecast," "project," and similar expressions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any statements of the plans, strategies and objectives of management for future operations; any statements concerning proposed new developments; any statements regarding future economic conditions or performance; any statements of belief; and any statements of assumptions underlying any of the foregoing. These statements are based on certain assumptions and analyses made by us in light of our experience and our assessment of historical trends, current conditions and expected future developments as well as other factors we believe are appropriate under the circumstances. However, whether actual results will conform to the expectations and predictions of management is subject to a number of risks and uncertainties described under "Risk Factors" in Item 1A of Part II below and in the "Risk Factors" section of our Form 10-K for the fiscal year ended March 31, ~~2010~~2011 that may cause actual results to differ materially.

Consequently, all of the forward-looking statements made in this Form 10-Q are qualified by these cautionary statements and there can be no assurance that the actual results anticipated by management will be realized or, even if substantially realized, that they will have the expected consequences to or effects on our business operations. Readers are cautioned not to place undue reliance on such forward-looking statements as they speak only of the Company's views as of the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Overview

~~Effective~~Results August 16 th, 2010, the Company changed its name to Green Equity Holdings, Inc. (the “Name Change”). Concurrently with the Name Change, the Company changed its focus to become a holdings company that invests primarily in high growth businesses offering novel solutions to global energy, natural resources, and environmental challenges. Pursuant to the new strategy, the company entered into a letter of intent, effective September 2010, to enter into a joint venture with Strategic Energy Supplies Corporation (“SESC”) to build and operate not less than three (3) grease trap plants within the next twelve months. The Company is also actively seeking other potential partners or acquisition candidates in the alternative energy business. Operations:

~~Previously,~~Three ~~the~~Months ~~Company~~ended ~~was~~June ~~engaged~~30, in2011 ~~the~~compared ~~development~~to ~~and~~three ~~sale~~months ofended ~~its~~June ~~CX2~~30, branded 220 MHz digital wireless data communications technology and related services for use by various commercial and industrial application providers and the Homeland Security and Public Safety sector2010.

~~However,~~Revenues: ~~due~~Revenues ~~to technological advancements and price competition~~ from ~~cellular~~operations ~~telephone and wireless communication services made demand~~ for the ~~lower~~three months ~~frequency~~ended ~~band~~June ~~transmitter virtually obsolete. Therefore~~30, ~~the~~ ~~Company’s~~2011 ~~management agreed to discontinue manufacturing~~ and ~~marketing~~ the ~~220~~ ~~MHz~~three ~~public-safety,~~months ~~emergency,~~ended ~~and~~June ~~disaster~~30, ~~relief~~2010 ~~devices~~were none.

~~Effective~~Operating ~~June~~Expenses: ~~28,~~Operating ~~2010,~~and ~~the~~Other ~~intellectual property CX2~~expenses ~~technology,~~for ~~Inc. which had~~ the ~~rights~~three tomonths ~~resell~~ended ~~licensed~~were ~~airtime supplied by EPS Wireless Services transmitted from the Sears Tower in Chicago~~$51,140 ~~IL,~~compared ~~were claimed by Stillwater Funding which caused an action~~ to be$110,470 ~~filed~~ for ~~a writ for garnishment of wages against Biz-Com and~~ the ~~Company. A default judgment~~three ~~with~~months ~~respect~~ended ~~thereto~~June ~~was~~30, ~~entered~~2010, ~~against~~due ~~Biz-Com and the Company. The Company is currently negotiating with Still Funding with respect~~ to ~~its~~reduced ~~claim~~costs ~~against assets~~ of ~~Biz-Com,~~financial ~~including~~related 5services,~~000,000 shares of the Company which was supposed~~ tocorporate ~~have~~legal ~~been~~work ~~issued~~and ~~to Biz-Com in connection with the referenced transaction~~depreciation.

~~Effective~~Net ~~September~~Loss: ~~21,~~With ~~2010,~~no ~~the~~revenues ~~Company~~during ~~entered~~the ~~into a debt-conversion agreement with Empire LP~~period, ~~an accredited investment firm. The~~the Company ~~and Empire LP negotiated the assignment of GEO Command’~~'s ~~accounts payable~~net ~~balance~~loss infrom ~~the~~operations ~~amount~~was of $~~208~~51,~~500;~~140 ~~and notes payable balance in the amount of $104,685~~ for ~~value to Empire LP in lieu of an undisclosed amount in consideration for a consulting fee paid to GEO Command in~~ the ~~amount~~quarter ofended ~~$20,935. There~~June ~~has been no paid-in-capital~~30, ~~nor gain or loss recognized by the Company in~~ ~~association with the assignment~~2010.

Effective September 21, 2010, the Company entered into a debt-conversion agreement with OTC Capital Partners, LLC an accredited investment firm. The Company and OTC Capital Partners, LLC negotiated the assignment and discount of Michael Rand’s notes payable balance in the amount of $92,261 for value to OTC Capital Partners, LLC. OTC Capital Partners, LLC agreed to purchase in three tranches:

On June 15, 2010 debt in the amount of $26,334 converted into 9,100,000 shares issued between September 13 and October 19, 2010; on August 15, 2010 debt in the amount of $31,333; and on October 15, 2010 debt in the amount of $31,333 will also be converted into an undisclosed amount of Company shares.

Effective September 22, 2010, the Company secured a temporary injunction to prevent the trading of 1,565,000 additional shares of its common stock issued in order to satisfy notes payable owed to a related party. This discrepancy was uncovered during our March 31, 2010 annual audit prior to finalizing the purchase agreement for said notes by a third party.

We currently have a working capital shortage and must continue to seek and secure significant capital from outside funding sources as our cash flow from operations is insufficient to sustain operations. No assurances can be given that we will be successful in obtaining such needed capital. Our inability to promptly secure needed capital will materially adversely affect the Company and its operations, as we believe our current cash position and anticipated receipt of revenues will enable us to sustain current operations for up to approximately one month from the date of this filing.

Results of Operations

Nine months ended December 31, 2010 compared to the nine months ended December 31, 2009

Revenues: Revenues from operations for the nine months ended December 31, 2010 of $469 reflected a decrease of $3,242 from the nine months ended December 31, 2009 revenues of $3,711, as the Company discontinued selling equipment and providing consulting services primarily for base stations. We had minimal revenues in both quarters as we had largely ceased marketing of our products and services.

Operating Expenses: Operating expenses reflected an increase of $309,009 when comparing $442,007 for the nine months ended December 31, 2010, with $132,998 for the nine months ended December 31, 2009, as a result of an increase in costs for corporate legal work and accelerated depreciation.

Net Loss: The Company's net loss was approximately $442,007 for the nine months ended December 31, 2010, as compared to a net loss of approximately $129,287 for the nine months ended December 31, 2009.

Liquidity and Capital Resources

Our financial statements and condensed financial statements information appearing elsewhere in this report have been prepared onwith ~~a going concern basis that contemplates~~ the ~~realization~~assumption ~~of assets and~~ the ~~settlement~~Company ofwill ~~liabilities~~to ~~and~~continue ~~commitments~~to inoperate ~~the normal~~on ~~course~~a ofgoing ~~business~~concern basis. However, Management realizes that we must generate capital and revenue resources to enable us to achieve profitable operations. To the extent that we are unable to obtain additional working capital from operations and/ or other sources as required or otherwise desired, our ~~condensed~~intended ~~financial statements~~business will be materially affected and we may be forced to curtail our operations.

We were in a working capital shortage at the fiscal year end of March 31, 2010 and at December 31, 2010, and cash flow from operations is insufficient to sustain our operations as of the date of this filing. As of the date of this filing, the Company still requires additional financing to sustain operations until new sources of financing are invested and revenues are earned. No assurances are given that we will be successful in obtaining the additional capital needed. Our inability to secure such additional financing will materially and adversely affect the Company and its operations. We believe our current cash position after funding and anticipated receipt of revenues will enable us to sustain current operations for up to approximately another three month quarter. 3

AtThe ~~December~~Company ~~31,~~is ~~2010,~~in wea ~~had~~working ~~stockholders'~~capital ~~deficit~~shortage ofat the quarter $1ending June 30,~~169,030~~ ~~total~~2011; ~~assets~~cash flow from operations is insufficient to sustain operations as of ~~$111,244~~the ~~and~~date ~~total~~of ~~current~~this ~~liabilities~~filing. As of $1the date of this filing,~~280,274 For~~ the Company ~~nine~~still ~~months~~requires ~~ended~~additional ~~December~~financing ~~31,~~to ~~2010,~~sustain weoperations ~~have~~until ~~recognized~~new sources ~~net~~of ~~loss~~financing ~~of $472,506~~are invested and ~~for~~revenues ~~the~~are ~~nine~~earned. ~~months~~No ~~ended~~assurances ~~December~~are given ~~31,~~that ~~2010~~ we ~~used~~will ~~cash~~be ~~for operations~~successful in obtaining the ~~amount~~additional ofcapital ~~$49,594~~needed. ~~Our~~The inability ~~operations~~to ~~and~~secure ~~acquisitions~~such ~~have~~additional ~~been funded~~financing bywill ~~accredited~~materially ~~investors~~and adversely affect the Company and byits ~~loans~~operations. ~~from~~We believe our ~~management.~~current ~~These~~cash ~~funds~~position ~~have~~after ~~been~~funding ~~used~~and ~~for~~anticipated ~~current~~receipt ~~working~~of ~~capital~~revenues ~~covering~~will ~~costs~~enable ~~for~~us ~~general~~to ~~and~~sustain ~~administrative~~current ~~expenses,~~operations ~~and~~for ~~corporate~~up ~~legal~~to ~~fees.~~approximately another three-month quarter.

InAt ~~the~~June ~~event~~30, 2011, we ~~are~~had ~~unable~~stockholders' todeficit ~~raise~~of ~~additional sufficient~~$9,608,501; ~~capital~~total ~~within~~assets of $5,392 and total current liabilities of $702,204. For the ~~near~~three months ~~future~~ended June 30, ~~such~~2011, ~~event~~we ~~will~~have ~~significantly~~recognized ~~restrict~~a ~~and~~net loss from operations in the ~~possibly~~amount ~~cause~~of us$51,140. There is no income or loss to ~~cease~~report ~~our~~at this time from discontinued operations ~~and~~until ~~new~~we ~~objectives~~further ~~which~~recognize ~~could~~the ~~have~~issuance aof the ~~substantially~~additional ~~adverse~~shares ~~effect~~in onorder to complete the ~~Company~~settlement ~~and~~agreements ~~its~~with ~~shareholders~~Still Water Asset Funding and Biz.com USA.

Critical Accounting Policies and Estimates

Note 46 of the Notes to the Condensed financial statements, includes a summary of the significant accounting policies and methods used in the preparation of our Condensed financial statements. We considered the following accounting policies and methods most relevant to our financial position and results of operations either because of the significance of the financial statement item or because they require the exercise of significant judgment or the use of estimates. In addition, Financial Reporting Release No. 61 requires all companies to include a discussion to address, among other things, liquidity, off-balance sheet arrangements, contractual obligations and commercial commitments.

ITEM 3 CONTROLS AND PROCEDURES.

Evaluation of Disclosure Controls and Procedures

The management maintains disclosure of controls and procedures to our investors that are required to be in accordance with the disclosure rules promulgated by the Securities and Exchange Act of 1934. Such rules that govern the process of recording and reporting any such information considered news about our company controls and procedures having an impact to our investors have been made in the past and intend to be disclosed by management in a timely manner so our investors can make informed decisions regarding their investment in our company.

As of ~~December~~June 3130, ~~2010~~2011, there have been no changes in our ~~controls~~ controls and procedures; internal efficiencies; supervision including our chief ~~executive~~ executive and principal financial officer requiring disclosure.

Changes in Internal Control over Financial Reporting

There have been no changes in the Company's internal controls and policies regarding the financial statement reporting process since the Company's last quarterly report to this quarterly report that would inhibit a reasonable person’s ability to make an informed decision about investing into the shares of the Company.

Limitations on the Effectiveness of Controls

A control system, no matter how well conceived and operated can only provide reasonable assurance that the objectives of the control system are met. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within a company have been detected. The Company's disclosure controls and procedures are designed to provide reasonable assurance of achieving these objectives. The Company's chief executive officer and principal financial officer concluded that the Company's disclosure controls and procedures are effective at that reasonable level of assurance.

5 4

PART IIIIOTHER ~~OTHER~~ INFORMATION

ITEM 1 - Risk Factors.

~~There~~For the Quarter ended June 30, 2011, there have been no material changes to the risk factors discussed in Item 1A of ~~our~~the ~~Annual Report on~~ Form ~~10-K~~10K filed for the ~~fiscal~~period ~~year~~ending ~~ended~~ March 31, ~~2010~~2011.

ITEM 2 - Other Information.

~~During~~There ~~the~~have ~~quarter~~been ~~ended~~no ~~September~~material ~~30,~~changes ~~2010,~~to the ~~Company~~risk factors ~~entered~~discussed ~~into a promissory note~~ in ~~favor~~Item 2 of ~~Fusion Capital Investment Corporation in~~ the ~~principal~~March ~~amount of $30~~31,~~253.~~ ~~These~~2011 ~~proceeds~~Form ~~were~~10K ~~used~~for by the ~~Company~~quarter ~~for~~ended June ~~working~~30, ~~capital~~2011. ~~The notes are due on demand and do not bear interest.~~

During the Quarter ended December 31, 2010, the Company entered into an additional promissory note in favor of Fusion Capital Investment Corporation in the principal amount of $2,544 totaling $32,798. All proceeds were used by the Company for working capital. These notes are due on demand and do not bear interest.

ITEM 3 Exhibits and Reports on Form 8-K.

(a) Exhibits:

10.24	Convertible Promissory Note dated December 23, 2009 issued by CX2 Technologies, Inc. in favor of Michael Rand in the principal amount of $1,345.92.
31	Rule 13a-14(a)/15d-14(a) Certification of Principal Executive and Principal Financial Officer
10.25	Convertible Promissory Note dated November 30, 2009 issued by CX2 Technologies, Inc. in favor of Michael Rand in the principal amount of $1,365.
32	Section 1350 Certification
10.26	Convertible Promissory Note dated May 23, 2008 issued by CX2 Technologies, Inc. in favor of Michael Rand in the principal amount of $40,500.
10.27	Convertible Promissory Note dated November 30, 2009 issued by CX2 Technologies, Inc. in favor of GEO Command, Inc. in the principal amount of $6,569.06
10.28	Convertible Promissory Note dated August 13, 2009 issued by CX2 Technologies, Inc. in favor of Michael Rand in the principal amount of $100.
10.29	Convertible Promissory Note dated July 17, 2008 issued by CX2 Technologies, Inc. in favor of Michael Rand in the principal amount $23,050.
10.30	Convertible Promissory Note dated February 27, 2009 issued by CX2 Technologies, Inc. in favor of Michael Rand in the principal amount of $18,450.
10.31	Convertible Promissory Note dated October 30, 2008 issued by CX2 Technologies, Inc. in favor of Michael Rand in the principal amount of $2,600.
10.32	Convertible Promissory Note dated August 6, 2009 issued by CX2 Technologies, Inc. in favor of GEO Command, Inc. in the principal amount of $8,500.
10.33	Convertible Promissory Note dated February 8, 2008 issued by CX2 Technologies, Inc. in favor of Michael Rand in the principal amount of $10,200.
10.34	Convertible Promissory Note dated November 25, 2009 issued by CX2 Technologies, Inc. in favor of GEO Command, Inc. in the principal amount of $1,784.80.
10.35	Convertible Promissory Note dated June 30, 2009 issued by CX2 Technologies, Inc. in favor of GEO Command Inc. in the principal amount of $8,000.

6Reports on Form 8K:

10.36	Convertible Promissory Note dated August 27, 2009 issued by CX2 Technologies, Inc. in favor of Michael Rand in the principal amount of $2,400.
10.37	Convertible Promissory Note dated August 6, 2009 issued by CX2 Technologies, Inc. in favor of GEO Command, Inc. in the principal amount $8,500.
10.38	Convertible Promissory Note dated September 30, 2009 issued by CX2 Technologies, Inc. in favor of GEO Command, Inc. in the principal amount of $1,365.95.
10.39	Convertible Promissory Note dated March 31, 2009 issued by CX2 Technologies, Inc. in favor of GEO Command, Inc. in the principal amount of $18,961.
10.40	Convertible Promissory Note dated June 5, 2008 issued by CX2 Technologies, Inc. in favor of GEO Command, Inc. in the principal amount of $14,113.
10.41	Convertible Promissory Note dated July 31, 2009 issued by CX2 Technologies, Inc. in favor of GEO Command, Inc. in the principal amount of $37,200.
10.42	Promissory Note dated September 1, 2010 issued by Green Equity Holdings, Inc. in favor of OTC Capital Partnership, LLC in the principal amount of $39,800.
10.43	Promissory Note dated October 7, 2010 issued by Green Equity Holdings, Inc. in favor of Empire Limited Partnership, Corp. in the principal amount of $20,000.
10.44	Promissory Note dated December 1, 2010 issued by Green Equity Holdings, Inc. in favor of Fusion Capital Investments, Corp. in the principal amount of $32,797.60.
31	Rule 13a-14(a)/15d-14(a) Certification of Principal Executive and Principal Financial Officer
32	Section 1350 Certification

5.06 On June 30, 2010, Lester Hahn, sole director, President and CEO of CX2 Technologies, Inc. (the “ Company ” ), resigned from all positions held with the Company, including resigning from Board service. There were no disagreements as defined 17 CFR 240.3b -7, between the Registrant and Mr. Hahn ’ s resignation from the Board.

~~(b)~~ Also effective, June 30, 2010, the Company appointed Raimundo ~~Reports~~Dias onas ~~Form~~sole ~~8-K:~~Director, President and CEO to replace Mr. Hahn. Mr. Dias will serve as a director until his successor has been elected at the next annual meeting of the Registrant ’ s shareholders or until his earlier resignation, removal, or death, and Mr. Dias has not been appointed to any committees of the Board as the Board does not presently have any committees.

5.02	On June 30, 2010, Lester Hahn, sole director, President and CEO of CX2 Technologies, Inc. (the “ Company ” ), resigned from all positions held with the Company, including resigning from Board service. There were no disagreements as defined 17 CFR 240.3b-7, between the Registrant and Mr. Hahn ’ s resignation from the Board.
	Also effective, June 30, 2010, the Company appointed Raimundo Dias as sole Director, President and CEO to replace Mr. Hahn. Mr. Dias will serve as a director until his successor has been elected at the next annual meeting of the Registrant ’ s shareholders or until his earlier resignation, removal, or death, and Mr. Dias has not been appointed to any committees of the Board as the Board does not presently have any committees.
	Raimundo Dias, age 39, has over 16 years of experience in the financial markets. He is the President of Fusion Capital Investments Corporation, a private company specializing in business development. Mr. Dias received in 1995 a Bachelor’s Degree in Business Management and Marketing from St. Johns University where he has also elected to the board Organization of Latin American Studies (OLAS).
	Mr. Dias does not have any employment agreement or other compensatory agreement in place with the Company, and is not presently being compensated for his service as an officer and director of the Company.
5.07	On August 14, 2010, holder of the majority of the voting power of the outstanding stock of CX2 Technologies, Inc. (the “ Company ” ) voted in favor of changing the Company ’ s name to “ Green Equity Holdings, Inc. ” (The “ Name Change ” ). The name change has been made affective on or about August 16, 2010.

Raimundo Dias, age 40, has over 16 years of experience in the financial markets. He is the President of Fusion Capital Investments Corporation, a private company specializing in business development. Mr. Dias received in 1995 a Bachelor’s Degree in Business Management and Marketing from St. Johns University where he has also elected to the board Organization of Latin American Studies (OLAS).

6Mr. Dias does not have any employment agreement or other compensatory agreement in place with the Company, and is not presently being compensated for his service as an officer and director of the Company.

5.07 On August 14, 2010, holder of the majority of the voting power of the outstanding stock of CX2 Technologies, Inc. (the “ Company ”) voted in favor of changing the Company ’ s name to “ Green Equity Holdings, Inc. ” (The “ Name Change ” ). The name change has been made affective on or about August 16, 2010.

5.08 On March 29, 2011, Green Equity Holdings, Inc. (the “Company”) entered into a Purchase, Sale and Assignment of Liabilities Agreement (the “Agreement”) with CX2 Technologies, Inc., a Florida corporation (“CX2”) whereby CX2 Technologies, Inc. agreed to acquire the assets of the Company (the “Assets”) in Exhibit A of the Agreement and assume the liabilities related to the assets, all as set forth in Exhibit B of the Agreement in exchange for 1,500,000 shares of common stock in the Company. The Agreement was completed on March 29, 2011. There are no related parties between the Company and CX2 Technologies, Inc.

5.09 On April 20, 2011, the Board of Directors appointed Jesse Q. Ozbolt as President and CEO; and David N.Eliff as CFO to replace Mr. Dias. Mr. Dias will remain as Managing Director until his successor has been elected at the next annual meeting of the Registrant’s shareholders.

1.01 On April 5, 2011the Company, announced it has signed letter of intent with a Houston-based private company to acquire 250 acre oil and gas property.

5.02 Departure of Directors or certain election of directors; appointment of certain officers; compensatory arrangements of certain officers.

PRE 14C Dated April 4, 2011 the Company file with the SEC pursuant to Form 14C Information Report, Notice of action taken without stockholder's meeting for the sale of and assignment of assets and liabilities to CX2 Technologies, Inc. for 1,500,000 shares.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

/s/ Raimundo ~~Dias~~DiasRaimundo ~~Raimundo~~ Dias, ~~CEO~~President ~~/s/ Monte C. Waldman Monte C. Waldman, C.P.A., P.A. Date: February 20 , 2011~~& CEO

Date: March 6, 2012

Filing Compare · GREEN EQUITY HOLDINGS, INC.