Greenshift Corporation (GERS)

[Dutch1]

As Nobody shared before in a post from a filing:

“Cantor Colburn LLP ("Cantor") and the Company entered into an amended agreement pursuant to which Cantor agreed to accept 15% of any recoveries from the Company's pending patent litigation in excess of $3.6 million per year in exchange for all services rendered to date and moving forward. The Company recognized an $8,433,388 gain on extinguishment of debt upon the write-off of all accrued legal fees”

It’s more likely the issue is in the ICM promise to pay for the legal costs and penalties for defendants. These costs might be too high in case of a settlement GERS likes. And in case the appeal continues, the defendants might want to know whose going to pay for these cost. And ICM can still go bankrupt.
So I think they want to avoid a appeal in any case, but aren’t willing to pay enough for a settlement that fits GERS

Now it’s up to the judges to decide if GERS may continue