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Re: nobody12378 post# 41575

Tuesday, 07/28/2015 1:57:09 PM

Tuesday, July 28, 2015 1:57:09 PM

Post# of 52840
And from last Q: The Amendment states that, in order to facilitate ongoing negotiations between GreenShift and YA Global, YA Global, for itself and its assignees, has agreed to forbear from enforcing its rights and remedies as a result of the termination events until January 31, 2015, unless another termination event occurs. Since that time the parties have been carrying on negotiations aimed at restructuring the loan and extending the maturity date. Management believes that the restructuring and extension will be accomplished in the second quarter of 2015.

This has not been accomplished yet, if it had a Form 8-K would have been filed.