Greenshift Corporation (GERS)

[ice_n_ak]

In regards to btzo owning gers, found this in a past SEC filing from GERS.

8
The
Company’s parent,
Bitzio
, Inc. (“Bitzio”),
paid $2.5 million
to
the Company
which
was
drawn from a loan of
$
2.9 million
made to Bitzio by TCA Global Credit Master Fund, LP ("TCA"). The
loan was made on December 31,
2015, pursuant to a Senior Secured Revolving Credit Facility Agreement (the "Credit Agreement"), under which TCA
may lend to Bitzio up to $
5.0 million
.
The Company
and each of its subsidiaries, as well as each of the other
su
bsidiaries of Bitzio,
have
executed a Guaranty Agreement dated December 31, 2015, in favor of TCA. In the
Guaranty Agreement,
the Company
and each of its subsidiaries guaranteed payment of all amounts due to TCA under
the Credit Agreement. By separate agre
ements,
the Company
and each subsidiary pledged all of its assets to secure
the guaranty to TCA
***
Seems to me the money btzo used was borrowed money which leads to the logical conclusion that if GERS settles it will pay back btzo the money with interest and that's about all there is to btzo leaving gers in the drivers seat.

Of course, I've been wrong in my opinion before.