Greenshift Corporation (GERS)

[nobody12378]

This was written by KK on July 27, 2011:
"Significant recent market changes are also relevant. Various third party companies involved with the transfer of our common stock have implemented changes in their policies and procedures that have had a negative impact on all of us. For example, The Depository Trust & Clearing Corporation (“DTC”), a company responsible for all electronic transfers of stock, has ceased to provide transfer services involving many small companies including GreenShift. In another example, TD Ameritrade, Inc., as well as several other retail brokers, have refused to allow several of our shareholders to execute investment decisions involving our stock, citing the substantial cost of completing physical transfers (paper and mail) of our stock due to our ineligibility for DTC’s electronic transfer services. In still another example, in June 2011, Penson Financial Services, Inc., one of the largest of a group of companies that provides essential transactional services for transfers of stock, published a new restriction that it would not accept deposits of equity securities that are priced below $0.10 per share. Penson cited the “substantial additional requirements” it has historically absorbed as well as the increased cost and risk of providing clearing services for companies that do not meet Penson’s new criteria. It is possible, if not probable, that other clearing firms will make similar changes in the near future. These market changes collectively show a clear trend towards reduced market access for small companies with negative implications that we should all consider. A split can help to offset these concerns by reducing transactional costs for these entities while giving our stock the ability to meet third party requirements as they arise."

http://greenshift-gers.blogspot.com/2011/07/confirmation.html