Green Recycle - Has it been decided?

[Arkaan]

Sorry If this was already covered. I couldn't find it.

Has it been decided what will happen to characters and items during the green recycle event?

It is this lack of info that has kept me on blue. I do want to play on green, but not if my characters and items will be completely lost.

Will manastones etc from green be allowed to be transferred to blue? What about characters and their names?