Greenshift Corporation (GERS)

[Harry Winston]

Kevin seems to have been filing in the best interest of the company and it’s shareholders to avoid dilution.

If such reasons suddenly happen, years after you made a promise, it isn’t a lie.

He lied to the SEC when he promised to file 10-Ks, 10-Qs, and an occasional 8-K, as a condition of being allowed to sell stock to the public.

Lying is when you know you're not speaking the truth, at the time you say something. At the time he made his promise to comply the sec rules, he probably didn't know what was going to happen.

SEC Regulations, and the U.S. Laws that they're based on, are a continuing commitment to them and through them, to the shareholders. He can't violate those regulations without a consequence that could include a fine, a financial penalty, and a modification of the license contracts.

He could even go to prison for violating the underlying laws. If that happens, Greenshift's Board of Directors would have a good reason to replace him.

The boards of every other company that made him a CEO could take the same action for the same reason, too.