Greenshift Corporation (GERS)

[investorpro1]

I'm glad this was posted so I can correct you...
This is fact ,what I am printing below.
Also, why would KK want to own 80% instead of the 51% to have controlling interest? BECAUSE, read below.
Accounting and Taxes for Subsidiaries
From an accounting standpoint, a subsidiary is a separate company, so it would keep its own financial records, bank accounts, assets, and liabilities. Any transactions between the parent company and the subsidiary must be recorded.
Many companies file consolidated financial statements (balance sheet and income statement) for shareholders, showing the parent and all subsidiaries combined.
From a tax standpoint, a subsidiary is a separate taxing entity.
Each subsidiary has its own tax ID number and it pays all its own taxes, according to its business type.
If the parent company owns 80% or more of shares and voting rights for a subsidiary, it can submit a consolidated tax return to take advantage of offsetting profits of one subsidiary with losses from another. The subsidiary must consent to be included in this consolidated tax return. []
Now read why 80% is owned...