Greenshift Corporation (GERS)

[Harry Winston]

Greenshift filed their appeal a few months ago. The appeals court then granted a motion by the defendants that gave them 40 days to file a response to Greenshift's appeal.

Since then, Greenshift and their stockholders have been waiting for the 28 companies and LLCs to file a response and possibly a cross-appeal brief which is essentially a lawsuit by the defendants against the plaintiff (Greenshift).

IMO, any defendant who does file a response by the new deadline could see higher trading volume and possibly a higher stock price in their stock. A big factor in the market's decision to trade would be the actual wording of their response. If the investing public thinks that these defendants have a chance to win the lawsuit (and any new lawsuit that would begin with a cross-appeal brief), their share price would go up if the market for their stock is a rational set of investors. This cannot be guaranteed, but irrational investors are often disappointed.

This assumes that there is no insider trading in these stocks.