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GS EnviroServices (GSEN)

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Last Post: 5/10/2017 9:36:51 AM - Followers: 11 - Board type: Free - Posts Today: 0

 

 

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Lets see what they do with the shell.

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Change in Management

Effective  on June 3, 2009,  James  Green  resigned  from his  position as Chief
Executive  Officer  and sole  member  of the  Registrant's  Board of  Directors.
Effective on the same date, Doris  Christiani  resigned from her position as the
Registrant's Chief Financial  Officer.  At the same time, the Board of Directors
elected Kevin  Kreisler to serve as sole member of the Board of Directors and as
Chief Executive Officer and Chief Financial Officer.  Information  regarding Mr.
Kreisler follows:

     Kevin Kreisler has been employed as chief  executive  officer of GreenShift
     Corporation (OTCBB:  GERS) since 2002 as well as other managerial positions
     since 1998. Mr. Kreisler is Chairman of EcoSystem Corporation (OTCBB: ESYM)
     and Chairman of Carbonics Capital Corporation  (OTCBB:  CICS). Mr. Kreisler
     was employed as Chairman and Chief Financial Officer of GS  EnviroServices,
     Inc.  from May 2005 until  January  2008.  Mr.  Kreisler  is a graduate  of
     Rutgers  University  College of Engineering  (B.S., Civil and Environmental
     Engineering,  1994),  Rutgers  University  Graduate  School  of  Management
     (M.B.A.,  1995),  and Rutgers  University  School of Law (J.D.,  1997). Mr.
     Kreisler is admitted  to practice  law in New Jersey and the United  States
     District Court for the District of New Jersey.


Exchange Agreement

Pursuant to an Exchange  Agreement  dated June 3, 2009 James Green  delivered to
the Registrant  7,000,000 shares of the Registrant's common stock (the "Exchange
Shares").  In exchange for the Exchange  Shares,  the  Registrant  issued to Mr.
Green a Convertible Debenture and agreed to issue one million shares of Series A
Preferred Stock, when authorized.

The  Convertible  Debenture is in the  principal  amount of  $240,000,  although
payment of $24,000 against that principal  obligation was made by the Registrant
immediately.  The remaining  principal is payable with 12% per annum interest in
monthly  payments  of  $38,561.58  commencing  in October  2009,  with the final
payment due on February  26,  2010.  Interest is payable in cash or in shares of
the  Registrant's  common  stock,  at the  Registrant's  option.  The holder may
convert the  principal  amount and  accrued  interest  into common  stock of the
Registrant at a conversion price equal to 90% of the lowest closing market price
during the 20 trading days preceding conversion, but may not convert into shares
that  would  cause it to own more than  4.99% of the  outstanding  shares of the
Registrant.

In the Exchange Agreement,  the Registrant undertook to amend its Certificate of
Incorporation  to authorize the Series A Preferred Stock. The Series A Preferred
Stock,  when  authorized  and issued,  will provide the holder with the right to
cast votes at meetings of the shareholders or by written consent equal to 51% of
the voting power of the outstanding shares.

The  Registrant is holding the Exchange  Shares in escrow.  The Exchange  Shares
will not be cancelled until the Series A Preferred Stock is issued.


Transfer of Control

On June 3, 2009 James Green  transferred to Viridis Capital,  LLC his beneficial
interest in the  Exchange  Shares,  including  his right to receive the Series A
Preferred Stock in exchange for the Exchange Shares.  Kevin Kreisler,  the newly
appointed CEO of the Registrant, is the sole member of Viridis Capital, LLC.
<PAGE>

http://www.sec.gov./Archives/edgar/data/1163966/000126912709000062/gsen8k77-09.txt 

 

 

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[chart]stockcharts.com/c-sc/sc?s=GSEN&p=D&b=5&g=0&i=p66659686558&r=7817[/chart]

 

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PostSubject
#313   GSEN SEC Suspension for severely delinquent Financials / Renee 05/10/17 09:36:51 AM
#312   little quiet rumblings before the volcano. This is jalexian 01/21/14 02:08:24 PM
#311   going to be big soon. jalexian 08/20/13 12:11:48 PM
#310   Decent news the other day and still no action Stace1 07/26/13 11:55:10 AM
#309   Letter From the GS Enviroservices President and CEO Stace1 04/24/13 02:31:34 PM
#308   GS Enviroservices Continues to Step Up to the Stace1 04/17/13 01:39:13 PM
#307   Think they have new management..not sure if that Stace1 04/10/13 11:36:35 PM
#306   Who the hell is still on bid - gixxer11 11/27/12 12:31:08 PM
#305   one of these days this will move again seth7 07/04/12 12:39:57 PM
#304   I don't think so - but I hope gixxer11 03/19/12 06:49:45 PM
#303   Watch the news about GS. I think this jalexian 03/19/12 11:33:01 AM
#302   Wtf.. .. gixxer11 03/08/12 09:45:47 AM
#301   Lets start a rally around gsen. They are jalexian 02/21/12 10:03:38 AM
#300   I didn't need a reservation here. Are Knuks 01/20/12 06:02:47 PM
#299   Fingers crossed - just got up what did gixxer11 01/17/12 07:12:32 AM
#298   Goldman sachs back in the news today. Lets see. jalexian 01/13/12 11:32:32 AM
#297   so what does that do to us that jalexian 12/06/11 09:27:29 AM
#296   GSEN for sale TORPEDO 12/04/11 11:15:15 AM
#295   November 22, 2011 20:20:00 UTC TallTrader 11/22/11 03:56:24 PM
#294   WOW was this a manipulated little pump job,a thing wakeupdummy 11/22/11 03:47:31 PM
#293   pull up the chart on the 5 or skimmer 11/22/11 02:28:49 PM
#292   You sold at .30 huh? NicPlatoNic 11/22/11 01:04:43 PM
#291   I tried like mad to get in under chadpounder 11/21/11 08:01:59 PM
#290   I received a pump email from Elite OTC. BillG2436 11/21/11 07:45:56 PM
#289   GSEN was the winner today at Penny Stock Rumble MrsPennyStocks 11/21/11 04:39:11 PM
#288   Ask and ye shall receive-----here's the pump link skimmer 11/21/11 01:54:17 PM
#287   I got an e-mail from Stock Psycho last Carjockey2 11/21/11 01:38:46 PM
#286   Well show me where it is being fred47 11/21/11 01:34:38 PM
#285   Got in at .20 and sold at .30---there skimmer 11/21/11 12:23:10 PM
#284   http://www.pumpsanddumps.com/ someone pumping this mkinhaw 11/21/11 12:10:15 PM
#283   Looked for news but found nothing. Was insider fred47 11/21/11 11:45:36 AM
#282   Bought tons of shares at $0.03-0.04, Never thought hondaboost 11/21/11 11:16:41 AM
#281   WOWZERS!!! $tockfather 11/21/11 11:12:48 AM
#280   WAKE_UP EVERYBODY !!! Something might happen ???? GOOD BReady 05/17/11 01:41:55 PM
#279   Im kinda hoping it stays active/ great profit stockseekerok 02/05/11 09:42:33 AM
#278   It's Alive ! Sheezy 02/03/11 03:44:52 PM
#277   guess they will be dumping debt here. What lightbeam 04/28/10 02:01:19 PM
#276   We should see 8k if deal was done lightbeam 02/28/10 03:42:14 PM
#275   WAG KK dumps debt here. Maybe we see lightbeam 01/20/10 08:36:59 PM
#274   3 in one day???? lightbeam 12/18/09 07:24:04 PM
#273   Which Item 4??? lightbeam 12/18/09 07:22:43 PM
#272   Guess Ya Will be here soon, Again! IMO lightbeam 12/02/09 08:02:07 PM
#271   Here is weird part of filing. lightbeam 11/18/09 07:01:33 PM
#270   Will this become agrifuels? Coes agreement? Who knows??? lightbeam 11/17/09 08:30:48 PM
#269   Where is KK taking this. Hope he does lightbeam 11/17/09 08:29:27 PM
#268   We shall see what dec. brings. lightbeam 11/17/09 07:50:00 PM
#267   10q lightbeam 11/17/09 07:44:13 PM
#266   Where is kk going to get the money! lightbeam 08/15/09 09:30:00 PM
#265   What is KK or Ya going to do lightbeam 07/29/09 09:18:00 PM
#264   77% rise and not another boardmark??? lightbeam 07/17/09 02:27:32 AM
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