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Friday, March 15, 2019 11:03:42 AM
The 10-K for 2016 and the 8-k that shows the transfer of a majority of our voting stock from Bitzio to Viridis.
I think you are reading the filings backswords.
From the 10K
The majority of the Company's outstanding shares of Series G Preferred Stock are owned by Bitzio, Inc. The majority shareholder of Bitzio, Inc., is FLUX Carbon Corporation ("FCC"), an entity owned by Kevin Kreisler, the chairman of the Company.
FLUX Carbon Corporation ("FCC"), an entity owned by Kevin Kreisler, the Company's chairman, transferred its ownership interest in Viridis Capital LLC ("Viridis") to Bitzio. As a result of the foregoing transactions, on December 31, 2015, Bitzio was the beneficial owner of 862,500 Series D Shares, as well as AC's 2011 contractual right to receive an additional 124,875 Series D Shares, all of which was exchanged for 700,000 shares of the Company's Series G Preferred Stock. The Company filed a Certificate of Elimination for its Series D Preferred Stock after completing that transfer.
From the 8K
On December 31, 2015, FLUX Carbon Corporation, an entity owned by Kevin Kreisler, GreenShift's CEO, transferred its ownership interest in Viridis Capital LLC to Bitzio, Inc., a Nevada corporation (OTC Pink: BTZO) ("Bitzio"), in exchange for an 80% equity interest in Bitzio. Viridis Capital was, at the time of the transfer, the owner of 800,115 shares of Series D Preferred Stock issued by GreenShift.
He did transfer Viridis to Bitzio and Viridis was the owner of GERS series D shares. He didn't transfer the shares from Bitzio to Viridis. At least these filings aren't about that. What happened after these filings is unknown to us.
If you need any further help reading filings, just let us know. It can be hard, since you might not find the answer in a encyclopedia.
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