20% stake of just the JV Company set up with ATTIS/Greenshift.
The main reasonS to follow ATTIS would be to see if they have any information/updates on the JV and or performance of it in future filings since GERS currently isn't providing filings- outside of that like you correctly said if ATTIS does good in other areas it many not necessarily help GERS. The other area would be to see/follow how ATTIS does financially- 10q should be out very soon-as I think it can impact GERS. I would think ATTIS is the more financially secure/larger company at this time and will be needed to help fund the JV and if there resources become limited due to lack of funding that could potentially make it challenging for the JV to be properly supported as they compete against large players in the ethanol market with better money resources.
From 8-k ( The seller is Greenshift )
WHEREAS, the foregoing circumstances have also caused Seller to rely on expensive secured debt financing that is difficult to refinance, thereby compounding Seller’s difficulties in using its existing capital structure to obtain financing, and causing Seller to seek alternatives which do not involve transfers of CleanTech’s assets, such as formation of a financeable joint venture company with a strategic partner on terms that attempt to preserve and maximize the competitive advantage and value of the CleanTech IP and CleanTech Business for Seller’s and CleanTech’s licensees, creditors, shareholders, and other stakeholders
ATTIS
GOING CONCERN, LIQUIDITY AND MANAGEMENT’S PLAN
The accompanying condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern. We have experienced recurring operating losses in recent years. Because of these losses, the Company had a working capital deficit of approximately $19,000,000 at June 30, 2018, excluding current assets and current liabilities held for sale. The conditions raise substantial doubt about the Company’s ability to continue as a going concern. The Company believes that the working capital deficit can be satisfied with additional capital raises, cash on hand at June 30, 2018, the sale of the waste services division, and the growth of our innovations and technology division. There is no assurance the Company will be successful in implementing its strategy.
I think ATTIS trimmed some of the debt on the balance sheet but I would pay close attention to the upcoming Q of ATTIS as Greenshift financial future depends largely on ATTIS financial future.
Unless a settlement or some other royalty windfall arrives.
Good luck to all.. looking forward to seeing Greenshifts next communication
