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So KK buys the shell back.
ITEM 1 BUSINESS
BUSINESS OVERVIEW
On June 20, 2008, the Company completed an Asset and Stock Purchase Agreement
with Triumvirate Environmental, Inc. ("Triumvirate"). The assets sold were
substantially all of the assets of Enviro-Safe and 100% of the capital stock of
Enviro-Safe (NE). Triumvirate assumed responsibility for certain designated
liabilities of Enviro-Safe, including its trade payables, accrued expenses, and
certain identified executory contracts. As a result of the Purchase, on the
financial statements included in this Report the assets and liabilities of
Enviro-Safe Corp. and Enviro-Safe Corporation (NE) are presented as assets and
liabilities of discontinued operations as of December 31, 2007 and the
operations are presented as discontinued operations in the accompanying
consolidated statements of operations (see Note 3 to the Consolidated Financial
Statements - Discontinued Operations).
GS EnviroServices Inc. has retained approximately $200,000 from the proceeds of
the sale of Enviro-Safe Corp. and Enviro-Safe Corporation NE to serve as working
capital while management develops and implements a new business plan for the
Company. The Company intends to pursue business opportunities in the
environmental and alternative energy fields. The Company will provide timely
announcements on such developments.
Following the closing of the Purchase Agreement, we have remained a public
company listed on the OTC Bulletin Board. This situation will enable the Company
to initiate new business operations without the burden of debt from past
operations.
http://www.sec.gov./Archives/edgar/data/1163966/000126912709000014/gses10k08.txt
This could be part of the deal that is going on at the other gs boards.
Anyone have any ideas. KK is back.
Well lets see how this plays out.
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:
Look it who is getting this. Wonder what is going on here. What a maze! http://www.sec.gov./Archives/edgar/data/1163966/000126912709000062/gsen8k77-09.txt
ONly if it goees up
cheers - I learned the hard way and lost money but then it was all paid back many times over BTW I got the money in my other acct
I remembered you explaining this a quite some time ago to someone. That was many plays ago. Your attitude and info over the years helped me to realize sooner rather than later that many/most of the companies and their personnel haven't a clue about the mechanics of what they are involved. For example I called gsen and some associate stated that I would not receive the dividend unless of I owned on the record date 10/17/2008. much appreciated
yes all you needed tio do was purchase for close on 24th. I bougt on 20th when it went from 14 to 7 because some didnt understand the difference between x date and record date. I paid 7 cents for my shares and have sold 2/3rds - obviously anything Iget for shares is profit BUT willing to ride 1/3 way free
I purchased near close on 10/23 and received dividend on 10/27 with td ameritrade. Still holding
I don't think etrade has them yet
OK in one account where I had a partial buy fill and I bought afterthe record date I got my divvy today the due bill redeemable date
GS ENVIROSERVICES INC CASH DIV ON xxxxx SHS REC 10/17/08 PAY 10/24/08 NON-RES TAX WITHHELD
I didnt get my divvvy but I bought after record date. Got to thinking that possibly tomorrow due to this other notation because technically I purchased it with DUE BILLS attached
GSEN - GS EnviroServices, Inc. Common Stock
Declaration Date:
10/6/2008 Ex Date:
10/27/2008 Record Date:
10/17/2008 Payment Date:
10/24/2008
Dividend Type:
Cash Dividend Dividend Amount:
0.07
Notes:
Due Bill Redeemable Date: 10/29/2008
cool, hope so, not worth selling down here, pretty much wipes out the divy
trying to get some at .03
well I can sit and hold for recovery - MY histroy has been that often these ones will recover over a relatively short period of time to your purchase price making the divvy free and clear or damn close
bot thursday, 10/23, still have it. had my sell in a touch too high. dam
were you holding throughthe close on the 24th
oops, just got it
no divy from TDA yet, have always got them in the past before the open on xdate.
from TDA today:
Thank you for allowing me to assist you. Dividends are posted when received from the company. It is not unusual for dividends to be received 1-2 business days after the payable date.
Sincerely,
Tony C.
Apex Client Services, TD AMERITRADE
Division of TD AMERITRADE, Inc.
based on early ytrading I would humbly suggest that indeed today is the X date per all filings and publications. I cannot explain why someone would get divvy who did not hold at close on Friday.
However I have not seen any divvies yet
no still holding
did u sell and when Thanks
sent pm
Don't buy or sell according to me, your in charge of your buy/sell buttons!!
we you still holding at close on Friday Oct 24th?
yes me too!!
Payment Date: 10/24/2008
If a cash dividend has been paid for positions previously enrolled in the Dividend Reinvestment Program, please note that your dividend payments will be reinvested in the same security.
If you are not enrolled in the Dividend Reinvestment Program, the amount shown below has been credited to your account.
Security: GS ENVIROSERVICES INC (GSEN)
Amount Credited: $xxxx.00
So folks 2.5 hours to buy and hold until monday to get divvy. IT will be interesting to see when divvy happens ( if it does) I know some people have received it on pay date after close the day before the x date posted top the accounst late in the day - I certainly neverhave - Most of my x date plays are splits etc.
who knows worth the gamble to me - of course im in at 7 cents too.
waiting if someone bidwhacks some more here with the us canadian conversion should even make more on the cash div lol
you are very lucky given the x date is not until Monday. BY rule you need to own the stock at close today inorder to get the divvy. Your Ta or broker may have screwed up. Yes I know it says today is the pay date. The pay date is at close of t-1 the X date.
Anyway the TA could of screwed up.
Investing is for those who don't know how to trade
Congrats. :o)
50-70% or in my case 100% dividends will do that
Wow... The busiest I've ever seen this place...
i hope not but in theory yes it should in theory open up down 7 cents if all byers and sellers are equally informed. I am saying we are undersold now due to mistaqken sellingthis past monday. \however one could argue we are fairly valued as we were run up.
Expecting, hoping, for news before then or at that time {October 27, Ex-dividend date}.....
GS EnviroServices Announces Dividend
Tuesday October 7, 11:00 am ET
SANDWICH, Mass., Oct. 7 /PRNewswire-FirstCall/ -- GS EnviroServices Inc. (OTC Bulletin Board: GSEN - News) The board of directors of GSEN declared a dividend of 7 cents a share, payable on October 24, 2008 to shareholders of record on October 17, 2008.
About GS EnviroServices Inc.
The Company intends to pursue business opportunities in the environmental and alternative energy fields. The Company will provide timely announcements on such developments.
http://biz.yahoo.com/prnews/081007/netu036.html?.v=68
ther price will be adjusted on monday to reflect the cashy divvy right? although sometimes they don't
People sold it down 7 cents today reflecting the mistaken idea that they already had held it overnight on Friday the 17th was enough to qlauify for the divvy.
You can buy this stock at 3:59.99 EST on Friday and sell it on open Monday at 9:30:00 and get the divvy. Of course that assume the company and the TA get your brokers the funds. With cash divvies I have never been left holding the bag. I have been scewed over on a few pinky divvies where either they came very late or were restricted and wrthless and once my divvy was reversed a mionth later ( MXES MXSV).
did I just catch this at the right time?
People selling today thinking they had the shares?
OTCBB covers all OTCBB pinks and greys - MY data feed shows which they are on.
that's why i am surprised it is on OTCBB
BIHC is actually pinks
BIHC has not filed in a while, but it is real with a real office, and a real people working there.
It is on OTCBB, interesting, I thought only OB stock are on OTCBB
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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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