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Nobody, with all due respect you are making a lot of assumptions here about what others are thinking. The suggestion seems to be we're all a bit naive. Maybe that's not your assertion, but that's how it came across to me. Not a big deal but I would have been more interested reading your thoughts versus your thoughts about everyone else.
Most folks are holding their shares pending the major positive news that they expect to occur before the R/S.
All of us assume that GERS winning the litigation is a foregone conclusion.
The expectation of a wonderful Q2 filing is truly unrealistic in the face of the fact that KK has in both SEC filings and emails stated that GERS does not have adequate cash to pay its bills.
if the major news does not materialize before the R/S, the lynch pin for many holding their shares will be broken
Just a little objectivity here in the face of the building Hallelujah Chorus.
Me too - as with everything, relying on divine help.
Have a great weekend.
Well, we will all be pondering that question Monday morning won't we.
I need to think on that one a little bit. Just knowing its scheduled is a great thing.
NO KIDDING - WHAT DRAMA
Skunk@ 4:58pm, Breaking news on Markman Hearing
AUGUST 22!
http://greenshift-gers.blogspot.com/
Yeah, im with you on that one. but lets keep politics off the board unless it relates directly.
If KKs preferreds were cancelled as part of the deal i think we're about a 300m market cap co.
jlglex, i always value your opinion but in this case, I don't see a stock repurchase as doing us very much good right now with YAGI's CDs and Kevin's Preferreds still in the picture. And Kevin's preferreds are tied to teh CDs so DEBT REDUCTION is the way forward imo which is accomplished with increased revenue, ie sales.
But it is sales growth and increasing royalties that will put the brakes on dilution!
If you look back, the dilution was to pay of the debenture holders where cash was lacking. More cash, less dilution.
I know someone in line ahead of you for 5million, Has had the order in for days and not filled yet.
WOW!
No better source of advertising than your own client.
Yes and then WE would be the cause of our own demise, wouldn't we?
we sell en masse(like a bunch of typical penny traders), depress the pps, and kevin has to dilute more than he otherwise would have to pay the bills.
The great imponderable for me is KK leaving the A/S at 20 billion! That action speaks more loudly than statements about future revenue ramping up to the point of positive cash flow. KK had to know that this action alone will keep the PPS suppressed. He would not have done it if he did not think he would have to use it. An O/S count after the R/S of 14 billion would, on its own, reduce the pre split value by 99.9%. Ollie, do you have an answer other than the obvious why KK left the A/S at 20 billion?
Be sure to check out Skunk's blog today<eom>
LOL- I don't know either.
If we could get some great PR before the R/S, driving the PPS to at least .0006+, I would feel a little better
Oh yes, I understand. I see GERS as a company on the verge of a turnaround but not there yet. I see the need for more dilution for the next few quarters. I see the very real potential for us going no bid again and after the split the possiblility for a declining PPS. I don't spend a lot of posting energy harping on the above becuase it so obvious to me and has been stated so many times by all of us.
The risk averse can opt out now at .0001/maybe .0002 and get back in later if they think the price will drop. Not a bad option to be on the sidelines right now given the split and uncertainty about the 2q results. Stepping out temporarily does not mean you've given up it just means sleeping at night is important to you. I would never advise anyone to do one thing or the other because, 1. what the hell do i know, 2. its a very personal decision based on ones circumstances and outlook.
But...for me, i see a clear path to success(which is basically their business plan that they've published) for the company and shareholders. I'll be watching closely every step of the way and adjusting my holdings up/down based on how well they execute over the next couple years. If they keep to their plan I'll continue to be a long term GERS shareholder. I am personally OK with my downside risk here.
Well, Im in the minority that wants the R/S to take place. That being said, based on their current trajectory for increasing revenues and decreasing debt they would have a healthy debt to income ratio by EOY and, I would think, be able to get financing on better terms.
Here's one pure guess:
Markman not delayed/not scheduled due to the fact that certain infringers indemnified by GERS are settling. This may also explain why GERS is not publishing its new licensees (yet) and using the term "won". Lots of wishful thinking in here. GLTY.
very interesting indeed. I was wondering if possibly certain of the infringers that ICM had indemnified have opted out.
I hope this helps answer some questions regarding post deletions, spam etc. that have come up recently(see below).
The mods need to apply the rules fairly to both the lovers and the haters of GERS. If we miss something, you may report the post yourself or send one of us a message and we'll review it.
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I asked Tracy when we might have an update of any sort - i was not specific. She replied:
I don’t know when exactly, but soon seems reasonable. Remember, “quiet” does not mean “bad.”
Slash, Are Utica Energy, LLC and Didion Ethanol current GERS customers or just potential customers in your opinion?
Yes, that's exactly what he is trying to do. You recall the last 10q mentioned YA assigning 4m in debt to 2 investors in a transaction to close in the 2nd quarter. In addition, there are many references in the Q and PRs to getting ducks in a row in order to attract financing on more favorable terms. If they can do this, then I believe we'll see those dominos start to fall 1 by 1. YA Debt, PCs, other minority interest debts, share structure changes, etc.
Great to hear from you - i'll cancel the search party!
Excellent post-thank you.
The decision making? diluting the minimum necessary to service debt with a realistic goal of acheiving profibility by the end of the year? I think they like the products, the customer service, the decision making, GERS client list, GERS patent position, and potentially see in them a partner for more strategic initiatives going forward. Just MHO. (for what its worth i have a tad of experience in multi-million $ tech due diligence initiatives-i'm familiar with the process).
No. Sunoco did a thorough due diligence and went with Greenshift.
I'd bet they were FAR more concerned with ICMs future than Greenshifts.
Friday 7/22/2011 GreenShift Announces Reverse Stock Split
-reposted so it may be added to stickies-
GreenShift Corporation (OTCQB: GERS) today announced a 1 for 1,000 reverse stock split of its common stock.
"We have streamlined and improved our business over the past two years and we are a much different company today," said Kevin Kreisler, chief executive officer of GreenShift. "The time has come to do the same with our capital structure given recent progress in meeting our goals.
"We have reduced debt by about another $7 million, transitioned to operating income, strengthened our patent portfolio, and won substantial new business during 2011. In total, we have executed licenses with about 15% of the ethanol industry, with execution of additional licenses expected during the second half of this year. We have worked and will continue to work with our existing and new licensees to commence and maximize oil production this year, and we expect to be generating sufficient annualized sales by the end of this year to achieve profitability.
"Additional debt reduction and improvement of our balance sheet are among our previously-announced targets for the balance of this year. The reverse stock split is intended to facilitate realization of these objectives while positioning the company to take advantage of strategic growth and other opportunities as they materialize."
The reverse split is expected to become effective during the latter half of the third quarter of 2011. Every thousand shares of issued and outstanding GreenShift common stock will be automatically combined into one issued and outstanding share of common stock, without any change in the par value per share. This will reduce the number of outstanding shares of common stock from approximately 14 billion to about 14 million. GreenShift common stock will continue trading on the OTCQB under the symbol "GERS" but will trade under a new CUSIP number.
I noticed that too. Im curious to see what the next 10q says about these. If they were converted to common that would explain some of the 2q dilution.
good question. Im not certain about that so I'll do some more research later today - not enough time right now.
good day everyone.
let's try to put some numbers around the dilution.
From the 10q
The Company issued 4,254,683,425 shares of common stock upon the conversion of an aggregate of $342,375 in debt during the three months ended March 31, 2011 (see Note 9, Debt Obligations , above). At times, certain conversion features were below par of common stock at issuance on the conversion date. The Company recognized an additional $70,594 in additional interest expense related to
those conversions
i did - it goes for approval now. i understand your decision - if you can't MOD the way it should be done, then what's the point.
Nobody, certainly in the 10q there were references to the likelihood of further dilution. Maybe you mean the reference to a possibly split that we saw in the K but not the q?
Sure AM, I don't feel im best for the job but happy to help for the short term. You've been a great help. thanks.
Im positive on the future as well. Things are falling into place and I see the R/S as a necessary part of a larger plan.
Greenshift is generating millions in revenues and on the verge of profitability. The PPS is at rock bottom. Why?
• Pending litigation
• Yagi Debt
• Minority debt (mostly chairman and relatives)
• Authorized shares at 20b (leaving lots of room for dilution
• Preferred D shares (collateral for Yagi debt)
• Preferred B shares vote 25:1
• Inability to obtain financing on advantageous terms
Here’s the plan that I see unfolding:
In the 3rd and 4th quarter of 2011, GERS will report that either all or the majority of Yagi debt has been repaid and/or assumed by other creditors (offering better terms).
As a result, KK can relinquish most/all of his preferred D share that have been held as collateral.
The minority debt holders then convert their debt to equity on advantageous terms for Greenshift. They stated they would do this once the majority of YA debt was cleared.
The result will be:
a profitable GERS with minimal debt
Simplified share structure and low float
Balance sheet that will attract financing and strategic partnerships
I also think we'll see the markman hearing will go in our favor and infringers will settle.
From the PR:
The reverse split is expected to become effective during the latter half of the third quarter of 2011. Every thousand shares of issued and outstanding GreenShift common stock will be automatically combined into one issued and outstanding share of common stock, without any change in the par value per share. This will reduce the number of outstanding shares of common stock from approximately 14 billion to about 14 million.
Is the PR stating that since April, the USPTO has again reviewed all teh infringers claims of prior art and once AGAIN supports GERS patents? that's what Im getting out of it..that there has been another review. JMO.
April was the notice of allowance. Now the patent is received and published! its a milestone.
THANKS VERTE:BEAUTIFUL WAY TO START THE DAY!!!!