The following was contained in either an INSQ filing or press release:
On the issue of INSEQ's capital structure, while we made positive
strides during the third quarter 2005 with the elimination of about
650 million shares of common stock and warrants, our growth plans
require us to seek out new opportunities to achieve similar results.
We have accordingly cancelled certain financing agreements and we
continue to expect that we will restructure GreenShift's stake in
INSEQ in line with the completion of INSEQ's refinancing of its equity
based convertible debentures. The conversion of GreenShift's stake can
be expected to decrease INSEQ's common stock outstanding by about 3
billion shares.
I am hopeful that these changes will collectively help to enhance the
impact of our completed and targeted new acquisitions and other growth
initiatives on our overall shareholder wealth. We will however
continue to aggressively seek opportunities to positively impact our
capital structure and we hope to evaluate appropriate share repurchase
programs once our operations are generating sufficient positive cash
flows.
We are pleased with INSEQ's progress and we are very enthusiastic
about our prospects for growth. We are grateful for your continued
support and involvement. I look forward to our next communication.
Best Regards,
Kevin Kreisler
Chairman
INSEQ Corporation
About INSEQ Corporation
INSEQ Corporation is a publicly traded company whose mission is to directly facilitate the efficient utilization of natural resources including metals, chemicals, fuels and plastics. More information on INSEQ is available online at www.inseq.com.
