Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Probably for the reason Kevin named in his mail toward Nobody12378
When you have a nice summary of all the positive news, let me know and I’ll sticky it.
Wooow....sounds like great news to me. It always seemed like there was a very good reason for the lack of filings. A lot of elements from this e-mail have been discussed here in the speculation. It seems like a big jigsaw puzzle that finally starts to come to a point where all gets easy. I really wish I had some more money to spend now...but you know...the wife doesn't allow me
Did Kevin write you after asking a question, or did you have another source?
I really appreciate the sharing of the information here.
It seems like soon we can speculate on the real value of GERS.
Whats your thought on the ownership of GERS ticker wise? Do you think GERS will remain GERS, or can it be that GERS will be added to Attis, giving a price to GERS shareholders. could it mean the now Attis will do the updates on the appeal, they want to exchange GERS shares for Attis shares? I don't hope so. I hope GERS remains GERS until far after the outcome of the appeal. A JV isn't a intention to buy out GERS is it?
Yes, thank for sharing. Sounds interesting at the least. It’s also good so see atis likes to send out PRs. I thinks that shaws that they have all interest in getting the filings up to data, to be able to show that new revenue.
The link doesn’t work here. Is that correct?
Don’t hold your breath.
“His lawyer is welcome to explain his reasons during his criminal trial.”
When will that be?
Probably somebody who likes to read your posts about subpenny for a while.
Depends on how long you want to talk about it. Just as long as about the toxic death spiral?
Great that you're showing Lots Of Interest! Did Deb also explain what happened to the toxic Death Spiral? Seems that theme is subject to a Lack Of Interest or is that in need for a Leap Of Imagination.
Anyway, glad to hear you took the time to call.
To close this stock low, is very easy. There doesn't seem to be much buying pressure and selling pressure. So if one wants to manipulate the share price , it wouldn't take much effort IMO.
These price fluctuations haven't been much different in the past. If you look at the two years chart, you will see the price only went up for a short while at the time people where still gambling on a settlement.
What else then these price levels did you expect otherwise?
“I think share price is huge indicator”
Predicting what? I don’t think anybody trading GERS has any inside information on what is about to happen and how the court will rule.
If it was inside selling, there would be a lot more volume.
Share price has been moving up and down for years, without ‘being right’ when news came out. And it is still up since I got in years ago.
Those who hold a larger amount of shares are just holding. And these small sells seem just done by a few who either play with the SP or just thought this can be a short term winner, now concluding otherwise.
Share price says as much as all the recent filings IMO
LOI can also mean a “ Lot Ore Imminent”, or if it was part of a French Canadian report nl 43-101 “ L’or Imminent “
I believe it has something to do with this
I too believe in the technology, but investing my money in GERS believing they will make me money as a normal company before the lawsuit ends, always seemed to me like a bigger gamble compared to making money out of the lawsuit.
I did redo my calculations based on the max. OS of 27.5 million shares. That would get you an award of $1.09 per share at least based on these calculations https://investorshub.advfn.com/boards/read_msg.aspx?message_id=132476415
So it doesn't worry me if the float would increase that much. And the calculation of the windfall is pretty conservative.
So that’s above the convertible debenture of the latest 10q
20 million OS + 5 million interest from the previous convertible debt + 9.9% (let’s say 10%) from the os (makes 2.5 million shares) from the new convertible debt, would put the OS at the highest at 27.5 million shares, which would still represent 20% of the voting power and probably the companies value. So instead of 20 million shares representing 20% of the settlement, it would be 27.5 million?
“Exercise of Debenture for up to 9% of Total Common Shares”
Do you mean the 9% interest in 1,5 year of 2.5 cenvertible debt?
Sorry if I got it completely wrong.
I did find something on 6% interest which is convertable on the debentures And a total of 2.5 million convertible debentures. Which makes it a value of $225,000
Convertible at 90% of the stock value. So at todays price of $0.047 that would mean 5.3 million shares.
But maybe I got the idea wrong, so your help woukd be very welcome to explain it to me.
Future BUY of up to 9% due to Debenture in November
Conversion of Preferred Shares to Common Shares
Lol, for those who share their opinions too and ask in a friendly way, I’m always prepared to think along and share my thoughts.
I might look at it, it will take me some time because of vacation and a lot of work waiting for me after that. So I will have to see what gaps I can find
“The timing off the sale of essentially 80% of Greenshift's main revenue generator- makes me think the sale was almost forced to help keep debt holders satisfied”
I don’t know how much this matters but, it’s still a bit hard to tell how much 80% is. Since Flux was held for 100% by KK, and holding 80% of GERS, it could mean GERS is sold for 64%.
And if BTZO was still on top of GERS holding 80%, it could mean 51.2% was sold.
The share of the common shareholders and other preferred shareholders remains 20% of the voting rights, and probably represents also 20% of the value.
By the way that 20% still seems like at least 3.6 million worth. If that are 20 million shares, it still means at least 18 cent a share. Add to that the posibillity of higher earnings caused by the very large lawsuit claim, and GERS seems like a very nice buy, based on that deal.
Why do you think everything is so positive all of a sudden?
Then why after years of the spiral of working toward another RS and how would they have payed for all the money they usually needed meanwhile? They payed off YAGI and then all of a sudden they don’t need the money anymore.
How can that be negative?
After november 11th there has been dilution. A higher amount of OS was confirmed by the company as I recall Nobody12378 did share that info.
Yo’re be right about NT filing date. But still, where are the filings confirming they would issue more shares at previous dates? IMO it was just based on increasing the OS based on the AS.
I think you may be confusing voting rights- in which Greenshift didn't need to ask common shareholders for the okay to increase authorized shares. The voting rights of preferred shareholders for reverse splits versus the ability of Greenshift to dilute while not current with filings- that they cant do- they need to register shares..
Greenshift will have debt- debentures-derivatives
Greenshift will have to service this debt with share issuances AKA dilution.
So The only likely reason you are not seeing dilution- is the company is not current with filings and is not registering new shares- the transfer agent probably hasn't been paid for some time
I recall Nobody12378 quoting something like this year.
“I was talking about my portion of 20,000,000; not pre-RS Shares”
Yes but your amount pre RS I suppose?
I don’t think the OS is much higher then it was. The trades since then seemed more like normal investor to investor trades, since it went both ways and nothing like the dumping we’ve seen in the past. But who knows.
To me it seems like there hasn’t been any dilution. Still waiting for someone to tell me if they could have diluted if they wanted to. IMO they could and did increase the OS in the past without filing. So I don’t see why they couldn’t do so now. It was increased back then on a daily basis, as shown in my previous posts from today. Also very short after a RS. And they have been up to date with the filings when the RS was done. So that wouldn’t have been a reason not to dilute anyway. But I would love to here it if I was wrong, and GERS didn’t dilute in the past without filing, but filed each time they did.
If so, is there anyway to find these filings?
That number you own is pre RS I suppose? Around 20.000.000 would likely be the OS at this time
“Each share of common stock is entitled to one vote. Each share of Series B Preferred Stock is entitled to 0.025 of a vote. The holder of the Series G shares is entitled to exercise 80% of the aggregate voting power.”
https://www.otcmarkets.com/filing/html?id=11709532&guid=EmUEUHGQCb0m5th
“Convertible preferred stock, $0.001 par value, 5,000,000 shares Series B: 2,480,544 and 2,480,544 shares issued and outstanding, respectively 2,481, 2,481
Series G: 800,000 and 800,000 shares issued and outstanding, 800, 800
Common stock: $0.0001 par value, 2,500,000,000 authorized, 965,801,720 and 117,683,309 shares issued and outstanding”
http://google.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=11689481-1045-137564&type=sect&TabIndex=2&companyid=605034&ppu=%252fdefault.aspx%253fsym%253dGERS
(Pre RS)
The preferred stock holder already own 80% at least. Common shares only represent 20% of the voting power at the most. Why would they need more control?
I believe YAGI forced the issuing of a lot of common shares for their expensive loans. Sorry I didn't mention that before. And they needed Yagi to pay of the bills for the litigation as I recall. If they wouldn't have done so, their patents would have been worthless.
The exact financials are a bid hard to read for me, I had things explained to me a lot back then.
A few posters here have been a great help on that, like Nobody12378, Jobynimble. Maybe he is willing to give a better insight concerning the numbers you named and the costs.
Question: Are you able to find any filings they had made after the RS of June 30th 2015, that gave them the option to dilute like they did? They never did file for an offering of common stock to increase the OS IMO, the OS just increased day after day.
I will share a few posts that give some more details at what we have been noticing through the years. Just some random post, because it is hard to find all the important posts again, but it might help to get the idea.
This was the speed where GERS used to dilute at:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=126571953
2,500,000,000 Shares, authorized. Since it takes less then 4 months to double the amount of outstanding shares each time, it will be within 4 months that the next R/S will happen!
!!! November 11, 2016, there were 1,413,490,221 shares of common stock outstanding !!!
August 18, 2016, there were 646,024,221 shares of common stock outstanding.
April 22, 2016, there were 204,745,625 shares of common stock outstanding
November 20, 2015, there were 57,021,234 shares of common stock outstanding.
Dilution at GERS was never for growth, but to pay for the lawsuits pending.
Since the deal about that with Cantor Colburn, there was no need for dilution. So it stopped.
Of course things can change in the future. But if GERS wins the lawsuit, they have as much growth as they can ever wish for.
So why dilute for growth while that’s still the case?
Yes, if GERS would lose the lawsuit, things would probably be very different. But I don’t think the parents will be worth much then, so it would just implode. No dilution then also, just the end of GERS I guess.
So the question is, why dilute if there is nothing to be gained by that?
Okay that could buy other companies, but don’t you think they would wait until after the lawsuit to do so, because they might have many milions to spend then?
“I like music just fine.”
You should not take it to literally. It was all code.
No, there are far more shares authorized then issued. After previous RS dilution contiued straight after the RS just based on the AS, without new filings.
But after the last, nothing happened, when everybody was expecting another price drop caused by large sells as usually.
If you go back to that period on this board (and other RS) and set up a small timeline with the filings plus dates, it will be easy to reconstruct it, and see thr difference.
I feel for those who have been through all those RS. I’ve witnessed 4 of those if I’m correct. I did not buy in this period because to me it seemed clear the stock would only drop further.
The money was used by the company to continue litigation. It’s done thanks to those who bought in at these days. So you could say they wouldn’t gave come this far without these buyers.
However, that’s the way the cookie crumbles. Most back then bought thinking they could make a quick buck. Nobody and I discussed it a lot back then. It isn’t my intention to tap myself on the back. But there is a reason why I didn’t fall for these pump and dumps. Around here there have been warnings enough. But those who bought didn’t want to read them.
It would be nice if those who did fall for it could get somekind of satisfaction. However, isn’t that always the point when you buy a pennystock that has potential of a high reward, but also a history of so many RS?
I’ve lost my share of money in other companies by buying the pump. But I never compained, even if they did run years later.
Because it’s all about being in the right place at the right time.
So why is it different now?
Because there hasn’t been dilution for years and litigation is in the final stage. Still don’t cry if you don’t win. It’s still a lotto play, any investor who does his own DD should know that.
Yes, it’s not just a trial to make money out of some patents they never deserved. They warked hard for those innovations. And GERS on it’s own is already worth a lot more then it’s total share value. It’s all a big bonus, making GERS worth every penny and all the patience.
I understand where it’s coming from. And I understand the need when you want to trade a ‘normal’ company.
I too would have loved to see filings.
How ever I’ve been following GERS for 6 or 7 years now. I was very critical and never intented to buy because they kept diluting over and over for many years.
The only interesting thing about it was the lawsuit.
That was why I followed them. Not because I thought they could win, but because I was, and still am invested in one of the defendants.
I realized also after some years that if things would change for the good, I would notice it fast, because all the time investors/posters did come and go, only a few like Nobody and Slashnuts (forgive me I’m not mentioning all) stayed, and where good informed.
Then suddenly I noticed major changes, like no dilution and entering a new stage in the litigation.
I realised this was the moment to buy.
So I did. Since then things only got more positive. I’ve never been at a loss at GERS, the only thing still the same is that investors come and go that don’t see the big oppertunity.
I don’t blame them. I also don’t care too much. As soon as the litigation ends we will know what it was all about, no matter the investors that only have been here for a short while.
The only reason I share this is because I thank this investment to those who kept me informed and helped me to make a better decision on investing in GERS, so I would love to do the same for others.
The moment GERS stopped filing, was around the same time GERS stopped diluting. Also around the same time the litigation got to a more final stage.
If I had to choose, go back to reporting and to the time where GERS chances off success in the lawsuit where way smaller, or stay without filings (probably with a good reason) I would choose the last!
I don’t think GERS shares can be bought this cheap if they start to file and report again. But I think that’s the issue with most. They’re in a hurry to make money, and for that they are willing to miss the main play here.