Greenshift Corporation (GERS)

[Cobra Kai]

A few things that will likely take place


Greenshift will eventually become current with filings
Greenshift will have debt- debentures-derivatives
Greenshift will have to service this debt with share issuances AKA dilution.

We already know that a 10 million dollar debenture issued to ATTIS is to be paid exclusively with Greenshift stock

( On a side note I think I think the JV with ATTIS is calling for Greenshift to provide funding/support- the 10 million debenture exclusively paid with GERS stock ensures that GERS becomes current and it also helps ATTIS list a 10 million dollar asset- and Greenshift will likely list 18 million maximizing the value listed on the balance sheet )

To me it seems like there hasn’t been any dilution. Still waiting for someone to tell me if they could have diluted if they wanted to. IMO they could and did increase the OS in the past without filing. So I don’t see why they couldn’t do so now

I think you may be confusing voting rights- in which Greenshift didn't need to ask common shareholders for the okay to increase authorized shares . The voting rights of preferred shareholders for reverse splits versus the ability of Greenshift to dilute while not current with filings- that they cant do- they need to register shares..

So The only likely reason you are not seeing dilution- is the company is not current with filings and is not registering new shares- the transfer agent probably hasn't been paid for some time- once this is all brought current the need for dilution will likely occur- unless the company can receive a cash infusion via a lawsuit or something else. Greenshift may be able to save off some of the dilution if they can manage the expenses and use money being paid from ATTIS.. Unfortunately the debenture they issued to ATTIS is a sign of dilution already presented in another companies filings.. but there is all of the other stuff administrative- salaries- etc. etc.



NOTE 3

GOING CONCERN

The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. The Company recorded income from operations of $1,242,505 for the nine months ended September 30, 2016. As of September 30, 2016, the Company had approximately $898,000 in cash, and current liabilities exceeded current assets by about $15.9 million, which included derivative liabilities of $13.6 million and $1.4 million in convertible debentures. Neither of these items is required to be serviced out of the Company's regular cash flows, except in the event of a demand by a debenture-holder after a default.


Hopefully a favorable lawsuit takes place or ATTIS can help Greenshift generate more $$ I have a feeling the lawsuit and development of the JV will take time- it would be good if the can control dilution in the meantime but I don't think debt holders will want to wait more than they already have.