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Debt holders must be clawing their eyes out about now! Zero bid toxic financing dilution withdrawals! Reverse split #6 is imminent. Followed swiftly by a 50%+ haircut. It happens like clockwork here.
And $300K in cash on hand, down from $3.8M same period last year LOL. I'm not in to hopium. I now believe that R/S #6 is closer than ever. We'll see who's correct. Always look for KK to protect himself.
Bingo...
Just took a look at the skunk blog. Looks like the defendants are going on offence! I'd be willing to bet that GERS will go bankrupt before paying any attorney fees to defendants.... then reform in to another scam. Not a bad way to make a living if you have no ethics.
I see the toxic financing dilution is roaring today... as predictable as ever. YAGI rules the roost here. Investors are simply sheep to be fleeced. History is a great teacher!
For me, I started watching when they filed suit against PEIX, which I trade from time to time. From that time, it's been a study in a toxic stock that attracts pipe dreamers that have a problem with realistic expectations. A new crop comes around every few months then leaves with losses and lessons learned. Fascinating.
If that's the best logic you can offer for owning this then you've lost already.
Given that it's KK's dad and it only takes $18k to own 10% of this, it's meaningless to me. They are in cash trouble. Down to $580k vs $3.9M last year speaks volumes. I've been watching this stock for 2 years and I have yet to see anything but empty promises and tunnel vision law suit chasing investors losing 99% of their investment.
The bottom line is that toxic financing dilution destroys any real hope here.
I'm not convinced. If the toxic debt holders can't sell shares due to zero bid for any length of time then GERS will be forced to reverse split.
Just dilution LOL
IMO have your finger poised over the sell button for any uptick. If YAGI doesn't beat you to it first (which is far more likely). It would seem pretty clear that you're counting on a news release and that's about it.... So is YAGI. There will be big volume (dilution), a minor uptick, followed quickly by R/S #6. That's how things work here. Investors lose.
If you knew anything about this company's history, you'd know better.
It looks like KK's daddy is feeling the pinch now LOL. GERS is in dire straits. Just pony up $18k and you can own 10% of this POS. Watch daddy lose 50% post R/S.
I hear "Desperado" playing...
Is there anything in their 10-K that says they're waiting on payments?
$587,021 in cash at the end of 2014. Down from $3,896,312 at the end of 2013. Board of Directors? Gone. Lead inventor? Gone... Reverse split #6 is inevitable... KK is sweeping the floors. GERS is hanging by a thread, IMO.
NOTE 2
GOING CONCERN
The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As of December 31, 2014, the Company had $587,021 in cash, and current liabilities exceeded current assets by $38,933,663. On that date, debentures in the aggregate principal amount of $13,725,878 matured, and these are now in default, as the Company negotiates a modification and extension with the creditors. In addition, in October 2014 the District Court in Indiana issued a partial summary judgment that our corn oil extraction patents are invalid; if we are unable to successfully appeal that ruling or otherwise settle the infringement matter, it would have a significant negative impact on our future cash flows.
That's called toxic financing dilution. This is GERS. Learn it, live it, know it.
http://www.bloomberg.com/research/stocks/people/board.asp?ticker=GERS
... and janitor
wake up
LOL is anybody really surprised about the notice of late filing? No more board of directors, no CFO, no more patent talent, recently selling $120,000 worth of additional shares for creditors to dump because they have cash problems, etc, etc... Sounds to me like GERS is in deep kimchi IMO.
http://www.sec.gov/Archives/edgar/data/1269127/000109690615000334/greenshift.htm
KK dumps the entire board of directors and then has to give another ~ $120k worth of stock for creditors to dump. If anyone thinks these are the actions of a healthy company... well... drink more coolaid... that bitter taste at the bottom of the cup is the poison.
YAGI is laughing all the way to the bank.
I see the pump flippers are swarming. You're about to get YAGI'd, compliments of GERS...
These guys don't want to hear the fact that GERS has sapped over $125 MILLION from investors. They'll learn the hard way, like everyone else has... They're not here to invest anyway. They're just here to flip from .0001 to .0002 and gambling that they won't get trapped by reverse split #6.
Nothing good that I can see. Check this out:
3/24/15
Court hereby GRANTS Partial Summary Judgment in favor of Defendants ICM, Inc.
https://drive.google.com/file/d/0B_ch8gAs4lCcM1p4TGtyUHJSUVE/view
There's one born every minute! Say goodbye to your $1,283 LOL you're about to suffer the 50% post reverse split #6 haircut...
Now there's a reliable strategy for investing... Feeling over facts and "word on the street" (myth) over due diligence. If you get a 10 second spike consider yourself lucky (assuming you're able to make a trade).
Market cap of $113k. My dog house is worth more than that. Expect reverse split #6 soon. Keep the GERS scam rolling KK... What a scumbag.
Fact. GERS has sucked over $100 million from investor's pockets. You're next.
All of GERS' patents have done nothing but add up to over $100 million in investor losses. Toxic financing dilution and reverse splits. Past performance IS indicative of future results.
Reverse split history:
Capital Change=shs decreased by 1 for 20 split. Pay date=10-21-03.
Capital Change=shs decreased by 1 for 50 split Pay date=12/12/2007.
Capital Change=shs decreased by 1 for 10 split Pay date=08/10/2010.
Capital Change=shs decreased by 1 for 1000 split Pay date=11/14/2011.
Capital Change=shs decreased by 1 for 100 split. Ex-date=04/15/2014.
20 x 50 x 10 x 1000 x 100 = 1 BILLION
Get a grip.
Fascinating.... A good chunk of worthless is still worthless. In this case, less than worthless because it'll be a loss after R/S #6. Over a hundred million in losses here but there's always somebody that knows better. Fascinating....
YAGI overdosed on milk of magnesia :). 98 million shares.... I have no pity for anyone willing to buy in to unabated toxic financing dilution.
36 million share dilution dump. Is that what you call YAGI playing nice? LOL
Word on the street LMAO!! Who is this, Slashnuts? YAGI couldn't care less. Learn it, know it, live it. If you understand that, your wallet may yet survive.
YAGI will never back off the dilution. They never have, they never will. There's no reason for them to stop. I've been watching GERS for about two years now. There's a lot more wrong here than there is right. Unless their debt is paid off or the appeal is won (good luck with that), this isn't going anywhere.
No toxic MM's LOL. I think you'll find their toxic financier (YAGI) will do a bang up job sapping your investment. How do you think they keep getting to these levels in the first place?
Today's buyers bought strictly on a P&D news release and no DD. They'll learn the hard way.
The new CEO is the old CEO before the last CEO LOL. The board of directors is gone as of a few weeks ago. Their main patent talent Dave Witness is gone. YAGI just made a nice chunck of change today. That's all that happened. Manipulated with worthless news, IMO.
YAGI toxic financing dilution. A new round of noobs learning the hard way. So who lost 50% in a matter of minutes? For Pete's sake, do your DD. GERS has big problems (they always have).
Some noob got screwed today.. welcome to the dilution machine!
Thanks, I don't have any $ in GERS. I've just been watching because I swing trade PEIX... but I agree with the previous poster. GERS would do a lot better if it concentrated on sales rather than perceived "revenge" IMO.