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Re: Dutch1 post# 51384

Tuesday, 06/19/2018 10:18:43 AM

Tuesday, June 19, 2018 10:18:43 AM

Post# of 51701

But you know GERS has a deal with Attis through Flux Carbon right? Don’t you think in someway the name of bitzio should have popped up in that deal?


Not necessarily.

As I've said before on this board, it's possible for Greenshift to use 2017 revenues, which still haven't been reported to the SEC in the form of 10-Qs or the 2017 10-K, to buy enough of its' own stock from Bitzio to give itself legal control over its' own ability to make deals with Attis or anyyone else.

As I said on that occasion, Bitzio's compensation for giving up, at a minimum, 31% of the GERS stock could be a simple cash payment. Again, the last filing of any kind from Greenshift to the SEC was the 10-Q for the third quarter of 2016. Any deals that Greenshift made with Bitzio, Attis, or anyone else since that date have not been reported to the SEC by Greenshift. I haven't seen any deals reported to the SEC by anyone else, either, but I'm only aware of the negligence of the Greenshift Corporation, not anyone else's negligence.

As of the end of the third quarter of 2016, Greenshift owned 20% of its own stock, but if they could purchase another 31% of it from Bitzio, they would then have 20%+31%=51% and thus majority control.
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