Greenshift Corporation (GERS)

[Harry Winston]

They show the SEC that the case is in its final stage, and that their might be reason enough not to publish any numbers pending the lawsuit.

The SEC has different standards than the Appeals Court. The SEC has the authority to enforce a specific set of laws and regulations. They're not concerned with labor disputes, liquor store robberies, public transit, building code violations, or even patent disputes. Their sole job is to regulate stock and bond exchanges, brokerage firms, their employees, and their clients.

Because they don't care about patent disputes, they won't adjust any of their enforcement policies if a court makes a ruling on a procedural matter like an extension of time to file a reply. In other words, the Greenshift Corporation still has a legal obligation to file 10-Ks and 10-Qs in accordance with the deadlines that were set by the laws passed by Congress and signed by the President, any President.

Greenshift still has a legal obligation to file an 8-K whenever a something happens that has a material bearing on the company. IMHO, the transfer of a majority of the voting stock of Greenshift from Bitzio to anyone else has a material bearing on the company. They should have sent the SEC an 8-K to announce it.