Greenshift/Kevin
Kevin, Greenshift is an interesting company- thank you for your recent explanations on the board a few weeks ago. A few quick questions that come to mind if you can provide feedback on any of them.
1.) Can you provide clarification on Bitzio & Greenshift present day relationship or lack thereof.
From one of the 10-Q Filings
The Company's parent, Bitzio, Inc. ("Bitzio"), paid $2.5 million to the Company which was drawn from a loan of $2.9 million made to Bitzio by TCA Global Credit Master Fund, LP ("TCA"). The loan was made on December 31, 2015
I've seen a few casual claims that Bitzio has been removed from the deal- one of the claims being done on a blog *not run by the company. There is also no mention of Bitzio in any transactions related to ATTIS-JV- However I haven't seen anything from Greenshift directly unless I may have missed it. Seems like significant information loosely discussed- If you look on this Board-Greenshift- most would likely post BTZO is not involved on BTZO board it looks like many think they still have an 80% interest
2.) Greenshift & ATIS have a JV and plan to work together- they fund Greenshift-but Greenshift also has plans to fund ATTIS/JV via a debenture (10 million) - Given ATTIS cash position last seen in filings June 30,
2018- $278,993 and a variety of technologies/services/industries they look to be pursuing- cash may be at a premium-Laboratory-5g Wireless- etc. is there concern over the short term funding needed to launch this JV as well as the long-term repayment of the JV? The ethanol industry is a crowded one with lots of big players- Attis looks newer to the ethanol industry- Given Greenshift struggles over time of fighting a war of attrition against companies much larger with superior resources-If I were to play devils advocate for a moment I wonder why none of the larger players targeted greenshift's patents to add to there Intellectual Property portfolio or why Greenshift didn't team up with a larger industry player to help provide those missing resources that it has been lacking financially. Attis may be the best opportunity but looking at this from an amateur standpoint it may appear as if the industry titans didn't have interest in the technology in 2018.
Thank you in advance!
