Greenshift Corporation (GERS)

[Cobra Kai]

I'm sorry my reference to the ATM cutoff was referring to the convertible debentures/derivatives holders-they couldn't get new shares to sell into the market- sorry I should have posted that differently.

I wasn't referring to Greesnshift being cash flow positive.

Accumulated deficit

12/31/2015
146,387,595

versus

9/30/2016
151,514,946

There is usually more than one debt holder on deals like this- there may be 5 or 6+++ different ones- one gets paid a new comes on board- losses accumulate- they need more financing.. a debenture for 10 million gets issued to ATTIS and there is another 10 million..

The timing off the sale of essentially 80% of Greenshift's main revenue generator- makes me think the sale was almost forced to help keep debt holders satisfied because Greenshift didn't appear to be operating in a position of strength- they went dark on filins and they needed what looked like a bailout- maybe the JV will lead to very good market opportunities- but I would expect dilution to come back after some filings- and a letter to shareholders- and we are excited to take a new direction type stuff is presented.

I hope Kreisler can put together a more shareholder friendly direction together for Gers shareholders- if someone is relying entirely on the lawsuit that may or may not work out in the end..

They have some things with some promise but him focusing on making this deal a winner for shareholders is key.