Friday, August 18, 2017 12:49:36 PM
Tomorrow morning you wake up to a press release announcing:
All claims have been settled, all defendants have signed licenses as royalty paying clients. This settlement includes reparations of $300 million dollars ($15 per share) to be paid to GreenShift over three years.
In addition GreenShift announces that as a result of the litigation many other ethanol producers (including Valero) have already signed licenses with the company. Currently, more than 80% of the industry are now under contract.
Kevin Kreisler, GreenShift CEO, announced an immediate search for an experienced executive in the field of alternative energy for the position of Chief Operating Officer (COO). Mr. Kreisler stated that an experienced executive will be critical to guiding future direction for GreenShift. Mr. Kreisler will retain the position of CEO, but he will form a board of directors to assist the new COO as the company adsorbs this greatly expanded revenue. To facilitate this new governance Mr. Kreisler will convert his preferred shares into common shares and thereby no longer solely control the company's direction.
As an immediate reward to the long suffering common shareholders, GreenShift also announced a one-time dividend of $1 per share to all common shareholders of record as of August 18, 2017.
Now that would be worth your dream time.
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