Greenshift Corporation (GERS)

[Dutch1]

Let me put this in another way:

BTZO owns 80% of the preferred stock of GERS.
So GERS is left with 20% of the preferred stock.

FCC owns 80% of the preferred stock of BTZO.
So BTZO is left with 20% of the preferred stock.

Of the 80% preferred stock GERS owned by BTZO, 80% this way is owned by FCC. That leaves BTZO with 20% of this 80% preferred stock GERS.
20% of 80% = 16% preferred stock GERS left. Where GERS owns 20% preferred stock.