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The merger has been filed with FINRA
That IS progress!
with a float of only 3.75m this stock moves quickly!
i don't know but i like it!
NEWS OUT
KK shares are restricted but I did not think Yagi shares were.
I have not heard anything about a shareholder vote on the merger.
Merger process
At some point after the due diligence period EIGH will have to file the merger paperwork with Finra. Finra will then have 10 days i think to review and has the right to require additional information. I beleive the following applies:
During the course of the review, if FINRA Operations believes that one of five explicitly
enumerated factors outlined in Rule 6490 may be triggered, it generally will conduct an
in-depth review of the Company-Related Action and may seek additional information
or documentation from the issuer or duly authorized representative as outlined above.
Where a Company-Related Action is deemed deficient, FINRA Operations may
determine that it is necessary for the protection of investors, the public interest and to
maintain fair and orderly markets, that documentation related to a Company-Related
Action will not be processed. Factors that may be considered by the FINRA Operations
in finding a request to process documentation related to a Company-Related Action
deficient are explicitly limited to the following:
1. FINRA staff reasonably believes the forms and all supporting documentation, in
whole or in part, may not be complete, accurate or with proper authority;
2. the issuer is not current in its reporting obligations, if applicable, to the SEC or
other regulatory authority;
3. FINRA has actual knowledge that parties related to the Company-Related Action
are the subject of pending, adjudicated or settled regulatory action or investigation
by a regulatory body, or civil or criminal action related to fraud or securities laws
violations4;
4. a government authority or regulator has provided information to FINRA, or FINRA
has actual knowledge, indicating that persons related to the Company-Related
Action may be potentially involved in fraudulent activities related to the securities
market and/or pose a threat to public investors; and/or
5. there is significant uncertainty in the settlement and clearance process for the
security.
Good Morning all - Check out Skunk's blog today:
http://greenshift-gers.blogspot.com/
The Company has been copied as supporting factual representations by Company shareholders directly to the SEC.
On that, there is reason to be hopeful. Returning to positive cash flow allows us to dramatically reduce stock issuances associated with working capital financing moving forward. The vast majority of the debt reduced during 2010 involved no issuance of stock. We are confident that we can improve upon the successes achieved last year on this front, and we are currently evaluating additional opportunities to do so. Further, achieving our sales target for 2011 would be a major accomplishment for GreenShift and its shareholders for many reasons, not the least of which is that doubling penetration would allow us to pay off all remaining debt out of cash flow.
Do you really think that EIGH management is more interested in the boring mundanities of building up a company more than they are interested in releasing splashy PR's?
I wouldn't call them mistakes if they continue to make them over and over and over again, Olie77.
Great Newsletter!
Comprehensive, straightforward and honest.
Lots of good news as expected.
Go GERS
And this "company" puts out a lot of garbage, Olie77.
I'm sure you'll agree with me on that...
Based on my experience, I would never assume all the "reports" that are relied upon are accurate. I spent a part of my career
rectifying innacurate/missing data flowing from my firm to FINRA via webCRD.
Unless you test the flow of data from beginning to end, from system to system, you cannot claim the information is correct.
Im sure you've heard the phrase - Garbage in/garbage out
The bi weekly reports from Finra come from the trading systems of the brokerages - darn those 'faulty' trading programs that don't correctly flag a short trade with no located share!
it's true he often goes a few days without posts. I've been reading his blog for a year and have lived through many 'dry spells'.
Concerning...
?8000 Inc. (EIGH.pk) announces that it has provided the SEC today additional details of EIGH’s proposed merger with an OTCBB company per a February 2, 2011 SEC subpoena on the topic.
that scenario sounds like a share buy back on the open market. These were restricted from sale.
we'll see what others know.
I don't think he has to sell his to cancel them. Does he?
Shareholder statement just sent via email and on Facebook
Question to the company...
I did ask a question to VPRO IR yesterday - not really newsworthy but for what it is worth...
I had asked if the planned acquisitions were in any way dependent upon the filings being brought up to date. I was wondering if it was a condition stipulated by the target companies. The response from IR was:
No, the acquisitions and the Financial report are not related.
We will issue a PR as soon as we will have something done about those matters.
Good luck - hope it works out
I believe what KD posted was from the Delaware corporate database.
The new entity Corporate Mangement Solutions has been established.
I do not see any filings related to the reorganization as yet.
Hello
We have high hopes for GERS. good timing on your entrance.
GLTY
Thanks - good to hear.
Moving forward should mean more filings and PRs with the information we need.
jlglex, from what you've shared, and im glad you did so we know where you're coming from, your average may be around .08.
Just as Nobody said, a couple grand and you'd be averaged down quite a bit but I realize sometimes that's easier said than done.
We all feel for you with the situation you're in, we all want the PPS to rise to see you get your money back.
I expect a shareholder letter soon and I hope it gives you some peace of mind.
GLTY
Why don't you contact KK and request a phone meeting or in person meeting if you can swing it. Let him know the money you've invested and ask him to answer questions about the share structure how he plans to help the PPS.
I think its huge news becuase i believe its tied to reduction in debt. Im waiting for a PR or shareholder letter to connect all the dots.
I read the GERS yahoo board - but only posts by slashnuts, the real brenda young27 and there are a couple others.
well, but there's also ...
-infringers taking our customers that should have been ours and forcing us to pay for legal help. We'd have more contracts and less dilution without them.
-influence of market makers
-day traders/flippers and short sellers
-and, the influence of bashers who scare people into selling
OH AND BY THEY WAY..WE GOT NEWS!!!
Good morning, Do you have level II? there are many MMs in line with bids at .0001. Where are you in that line? you should take up with your broker - it has nothing to do with the company.
Sorry can't support you on this one.
The company has had a great year under Kevin's leadership. I know from personal experience how much work goes into signing each contract. On top of that they are fighting legal battles and continuing R&D and getting more patents. More good things to come IMO.
PS After you sleep on this and think it through let me know if you want to retract any of your earler posts.
referenced shares were not sold but were instead cancelled and returned to the company's treasury
Great post Slash.
Im expecting one heck of a shareholder letter this year.
Good morning, I don't think they did anything to violate SEC rules. Viridis holdings going from 10b to 8b could be the start of the share cancellation related to debt reduction (as we were promised by KK). I think we do not have enough info yet.
GLTY
Update from VPRO IR
In response to a question I sent to IR today about any revenue guidance they could share, I received this response. I was told it was OK to post it on iHub.
Here it is:
From: Serge Beausoleil [mailto:sbeausoleil@viropro.com]
Sent: Wednesday, January 26, 2011 10:50 AM
To: Me
Subject: RE: VPRO revenue guidance
Hi XXXX
For now, our main goal is to complete financial statement in order to come back fully disclosed on the Pink Sheet and eventually go back on The OTCBB.
Also, it’s quite hard at this stage to release any projections about revenues since we are working on some acquisitions that would change the whole picture. For now, revenues of existing plan in California is about 1MM$ and we have the Spectrum for another 1.5-2MM.
Regards
Serge Beausoleil
Viropro Inc.
Corporate Advisor
514-779-7336
sbeausoleil@viropro.com
They're installing Method II !!!!!!!
Calgren Licenses GreenShift’s Patented Corn Oil Extraction Processes
Date : 01/26/2011 @ 11:09AM
Source : Business Wire
Stock : GreenShift Corporation (GERS)
Quote : 0.0001 -0.0001 (-50.00%) @ 11:34AM
Calgren Licenses GreenShift’s Patented Corn Oil Extraction Processes
Greenshift Corporati (OTCBB:GERS)
Intraday Stock Chart
Today : Wednesday 26 January 2011
GreenShift Corporation (OTC Bulletin Board: GERS) today announced the execution of a license agreement with Calgren Renewable Fuels providing for the use of GreenShift’s patented corn oil extraction technologies in Calgren’s 57 million gallon per year ethanol plant in Pixley, California.
GreenShift and Calgren also agreed that GreenShift would provide engineering and construction services for the replacement of Calgren’s existing Tricanter-based corn oil extraction equipment with an Alfa Laval disc stack centrifuge in order to increase yields, reliability and uptime.
In addition, Calgren has agreed to install GreenShift’s first Method II Corn Oil Extraction System to extract corn oil from Calgren’s whole stillage. With Method I (thin stillage extraction) and Method II (whole stillage extraction), Calgren will have taken the first step to achieving corn oil yields that could be as high as 1.33 pounds per bushel and having at least one advanced technology as described in the final rule for the expanded Renewable Fuel Standard (RFS2) published by the U.S. Environmental Protection Agency on December 21, 2010.
Lyle Schlyer, CEO of Calgren stated that “working with GreenShift fits into our business model of increasing efficiency and mitigating risk. We expect our corn oil yields will significantly increase with GreenShift’s technical support, and we expect to get a premium for our product with GreenShift’s marketing arm.”
About GreenShift Corporation
GreenShift Corporation (OTC Bulletin Board: GERS) develops and commercializes clean technologies designed to address the financial and environmental needs of GreenShift’s clients by decreasing raw material needs, facilitating co-product reuse, and reducing the generation of wastes and emissions. Additional information on GreenShift and its technologies is available online at www.greenshift.com.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of GreenShift Corporation and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully, and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.