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I don't believe they can. From IR at VPRO:
This is the latest informal communication we received on Dec 20:
After his last post prior to Christmas he stated:
Because it is in between the bid and the ask it does not show up as a buy or an ask but a '?'. Im not sure how to interpret it. Others may have ideas??
i also emailed IR last week and they said:
The trades marked with ? were executed at .0002 when the bid was .0002 and the ask was .0003.
Anyone else watching level II today?
SELL
NITE, VFIN adn VERT at .0002
HDSN, UBSS and AUTO all at .0003
ETMM, DOMS at .0004
(All bids still at .0001)
Hello - My opinion is that a R/S would be unlikely in the near term. We had a 1 for 10 in aug 2010. Im hoping to see a shareholder letter in the next couple weeks with an update on the business plan. We had one last January - the 14th i think.
good luck
Also from Investor Relations
Just received an answer to another question i had asked regarding the s/o
From Viropro website...
Skunk has a new letter from KK on his blog
check it out. Go GERS.
Contacted IR at Viropro via email - Got response within 10 hrs from Serge - not a form letter, professionaly written. good sign.
Happy and Blessed New Year to Everyone
I hope that early in 2011 we'll hear good news that they have the information they need to complete the filings. Seems like that is the roadblock now. It was also good to hear that, in the meantime, Randy is taking care of some old business with regard to litigation.
Randy, Thank you for the update and blessings of the season to you.
Olie
Hey Longi1 - how are you?
GREAT NEWS!!!!!!!!!!!!!
Have a great weekend everyone
8-k dated dec 10th from Montana
DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>mac8k121010.txt
<DESCRIPTION>FORM 8-K DATED DECEMBER 10, 2010
<TEXT>
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
http://www.sec.gov
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the
Securities Exchange Act of 1934
For the Period Ended: December 10, 2010
(Date of Earliest Transaction Associated with this Report:
December 7, 2010)
MONTANA ACQUISITION CORPORATION
(Exact Name of Registrant as Specified in its Charter)
Delaware 3-46174 14-1824743
(State of Incorporation) (Commission File Number) (IRS FEIN)
Post Office Box 103
Wyoming, New York 14591-0103
(Address of Principal Executive Office)
(585) 495-6495
(Registrant's Telephone Number)
This Form 8-K filing is NOT intended to simultaneously satisfy written
communications pursuant to Rule 425 under the Securities Act, soliciting
material pursuant to Rule 14a-12 under the Exchange Act, pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act,
pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act.
---------------------------
This current report is being filed by Montana Acquisition Corporation,
a Delaware corporation ("Montana" or the "Registrant") together with its
subsidiary, Zonal Holding Company ("Zonal"), collectively the "Company,"
"we," "us," or "our"), with reference to the following items:
SECTION 8 - OTHER EVENTS
ITEM 8.01,
OTHER EVENTS.
On or about August 13, 2010, we entered into discussions with
Distribution Management Services, Inc., a Florida corporation, SEC CIK
0001064270 ("DMS"), with regard to entering into a merger transaction and plan
of reorganization with DMS and/or its totally-held subsidiary, Chancellor
Properties Building Ltd., Inc. a/k/a Chancellor Properties, Ltd, a Canada
corporation ("Chancellor Canada"). From August 13 to approximately September
17, 2010, we were in various stages of discussion as to the merger transaction
when we elected to discontinue discussions with DMS and/or Chancellor Canada.
We permitted DMS to reply with their definitive and final intentions not later
than September 30, 2010.
On or about October 1, 2010, DMS notified us of their desire to proceed
with their overall restructuring and reorganization. We disclosed these facts
in one or more transmittals pursuant to Rule 425 of the Securities Act of 1933.
On October 13, 2010, we agreed to enter into a merger and plan of
reorganization with DMS and/or Chancellor Canada. From that date, DMS and
us have worked diligently to preposition both companies, and to the extent
required for the purpose of effecting the transaction to consummate a plan of
reorganization and merger pursuant to Section 251(g) of the General
Corporation Law of Delaware.
On December 7, 2010, DMS disclosed the existence of a letter to its
shareholders, in which certain references were made as to our responsibilities
in regard to certain disclosures and filings in respect of the merger and plan
of reorganization. (We obtained a facsimile of that DMS shareholder letter
and we are including it as Exhibit 99.1 hereto.) While we have an oral
agreement in place with DMS' senior executive management to share information
and make joint pre-arranged, pre-approved disclosures in regard to the merger,
it has been extremely difficult to coordinate these activities, given the
scope, quantity, and expense of the work involved.
In that DMS shareholder letter, DMS eluded to the fact that we would be
filing one or more schedules or reports with the SEC today. We did not object
to DMS' statements in this regard. However, DMS failed to disclose that, in
order for us to make these disclosures, we relied on a substantial amount of
information from them. We were notified this morning that DMS did not obtain
the financial information that we require in order to prepare and file the
schedules and reports required of us by the SEC.
We are incapable of filing the schedules and reports with the SEC until
we receive DMS' financial information. DMS further notified us that it will
provide us with this information over-the-weekend. We cannot be certain this
will occur. If DMS provides us with this information, it will take us two
days to process the information, prepare our documents, and file the schedules
and reports with the SEC.
We agree to notify you of any further developments in this matter.
You may view our filings with the SEC, and those of DMS, by visiting the
SEC's website at http://www.sec.gov.
---------------------------
SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01,
EXHIBITS.
EXHIBIT DESCRIPTION
NO. OF EXIBIT
99.1 DMS Shareholder Letter
dated December 7, 2010
---------------------------
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
Dated this tenth day of December 2010 at Las Vegas, Nevada.
MONTANA ACQUISITION CORPORATION
/s/ Randolph S. Hudson
Randolph S. Hudson
Chairman of the Board
President
Chief Executive Officer
</TEXT>
</DOCUMENT>
It does not sound like they're going to have a relaxing weekend. I appreciate the detail provided about the challenges they are facing.
- best of luck to them.
OK so you're our 'glass half full' guy! We need one of those around here especially over the next couple days with filings we're about to get.
Im not sure where we'd be without this salvo from Randy and Mike so they have my support with what they are trying to pull off.
GLTA
level II looking a bit odd - check out form t trades
Skunk's GERS buy order was cancelled by his brokerage firm.
How dare they - don't they know who they're dealing with! lol
I did send a question to IR at Greenshift yesterday but no response yet.
Check his site for updates:
http://greenshift-gers.blogspot.com/
On the yahoo board a poster says he able to buy GERS through Fidelity.
Well, great if we're pleasantly surprised but Im keeping my expectations in check in terms of assets. What i am very happy about is that information is starting to flow and soon we'll know where we're starting from.
GLTA!
8-K out
Merger is in progress and to be completed before dec 31. Randy and Mike are putting up thier own funds at no interest to pay for filings. No shares were sold or will be sold prior to finalizing the merger.
Working capital severely limited - but we knew that already.
not selling one share...
Go GERS
Thank you again for posting. I realize you're under fire every time you do. Certainly, getting detailed information such as what Slojab is requesting is much needed for investors to make good decisions with their money but i also understand that this information cannot first be released on an investor chat room.
Maybe there can be some indication of what that information will become available in a public release?
Best regards to all shareholders
OK - Thank you
Hi Slojab - Sunbiz.org has the updated information regarding officers and location. Sunbiz has the same location that Randy gave us in his post of Nov.8th.
GLTA
2009 impairment charge...
from page 19 of the recent quarterly...
OTHER MATTERS
On December 11, 2008, GreenShift Corporation entered into a Membership Interest Purchase and Equity Capital Contribution Agreement (the “ECAA Agreement”). The parties to the agreement included GS COES (Adrian I), LLC, a newly formed GreenShift subsidiary, BIG, GS (NextDiesel I), LLC, a newly formed GreenShift subsidiary and CleanBioenergy Partners, LLC (“CleanBioenergy”), a newly formed joint venture company owned by a subsidiary of GE Energy Financial Services (“GE EFS”), a unit of General Electric Company and a subsidiary of YA Global Investments, L.P. Under the terms of the ECCA Agreement, CleanBioenergy agreed to invest up to $38 million in GS NextDiesel to help deploy twelve corn oil extraction facilities and to double the capacity of GreenShift’s 10 million gallon per year Adrian, Michigan-based NextDiesel biodiesel refinery to 20 million gallons per year. The ECCA Agreement was terminated in the first quarter of 2009 . The NextDiesel biodiesel refinery is owned by Biofuel Industries Group, LLC (“BIG”). BIG’s agreements with its senior creditor, Citizens Bank, require Citizens Bank to provide its written consent to change of control transactions. Citizens Bank had previously consented to the change of control of BIG on the condition that the Company closed on its prior financing agreements with CleanBioenergy. This financing failed to close as expected in March 2009 despite the Company’s compliance with the relevant agreements, and Citizens Bank consequently withdrew its consent to the change of control of BIG. The Company subsequently entered into negotiations in April 2009 to restructure the terms of the BIG acquisition, however, a notice of default of the Exchange Agreement was declared on May 14, 2009 in order to maintain compliance with BIG’s loan agreements with Citizens Bank. The original acquisition transaction was rescinded during the second quarter of 2009. The financial results of BIG were presented as discontinued operations as of and for the quarter ended September 30, 2009 (see Note 6, Discontinued Operations ) and are not included in the Company’s results of operations for the quarter ended September 30, 2009. The Company wrote-off $7,281,993 in goodwill previously booked in connection with the acquisition of BIG during the nine months ended September 30, 2009. The Company’s divestiture of BIG resulted in the disposal of $13,048,551 and $27,506,834 in assets and liabilities, respectively.
i think the reason for the impairment charge was related to discontinued ops or some assets they sold off...my memory is failing me. I will try to go back through the filings and find it.
GO GERS
...so in a cash out merger scenario he(KK) would redeem the remainder of the preferred series d for cash?
Those preferred that he just converted to common are(coincidentally??) in an amount that still gives him (rather, allows him to maintain) approx 75% voting power.
yes? no? other theories?
From the 10q...NOTE 12 GUARANTY AGREEMENT
Both Viridis Capital, LLC (“Viridis”), the majority shareholder of the Company, and its sole member, Kevin Kreisler, the Company’s chairman, have guaranteed nearly all of the Company’s senior debt (in the outstanding amount of $41,346,430), and Viridis has pledged all of its assets, including its shares of Company Series D Preferred Stock, to YA Global Investments, LP (“YA Global”), to secure the repayment by the Company of its obligations to YA Global.
Viridis capital(KK) is referred to as the majority shareholder in this and prior 10qs and has been gaurantor on Greeshift debt to YA Global.
Events after the 10Q...What does it mean now that the serires D preferred pledged to secure payment has been converted to common???
Viridis Capital LLC not Viridis Clean Energy.
Very interesting! see Slashnuts post on Yahoofinance. He explains this as the CEO converting his preferred to common. You should read his info. Maybe he'll come over to this board later and post the same message.
***1.2 billion in ethanol under license - i could not believe my eyes!***
GO GERS
The last quarterly was released after close, wasn't it?
We're all anxious to read the 3Q - but I wonder if we may have to wait until after the close?? Hope not.
This company is really doing an outstanding job IMO - hopefully the results of all their hard work will be evident to the market.
Good luck to everyone. Go GERS.
I respectfully disagree. ALWAYS.
FANTASTIC!!
Waiting game for sure.
Randy had estimated that the necessary filings to complete the merger would take 30-45 days (approvals he could not put a timeframe on). so, if they are on track that would mean we should see news by end of November. My hunch is that we'll see another update of some sort by end of next week. Of course, an update today would be even better. I get the sense Randy understands that investors are very anxious.
GLTA