Greenshift Corporation (GERS)

[Slashnuts]

If GERS technology is so great.., why did they sell for a paltry $18 mil?

They didn't, it's a joint venture. ATIS has access to GERS IP and vise versa. GERS still owns the valuable oil extraction patents, licenses, as well as other technologies.

As per GERS CEO Kevin Kreisler..."GreenShift’s wholly-owned subsidiary, GS CleanTech Corporation, is the sole owner of all of our extraction patents and all applicable license agreements. No patents or licenses have been transferred."


The deal specifically excludes ATIS from rights relating to the litigation windfall.

Impact of Litigation Rights
The purchase price and other JVCo transaction terms were designed to value the transaction on the basis of JVCo’s existing business, investments, and multi-sector intellectual property rights – not including any matters that are subject to current or anticipated patent litigation, or CleanTech’s various contract and other claims involving more than $50 million in damages.

What did they pay $18 million for?

The joint venture also holds various investments in early-stage technology development companies, and the rights to many proprietary, patented, and patent-pending technologies, including (i) methods for real-time data acquisition, verification, and analytics in renewable energy applications, (ii) methods of using blockchain to manage commodity risk in emerging carbon and agricultural markets, (iii) low temperature catalysis of carbon dioxide into renewable fuels, (iv) power production from low temperature thermal emissions, and (v) methods to increase the efficiency and profitability of corn ethanol production facilities by intercepting and processing corn ethanol coproducts into value-added renewable offsets for fossil fuel-derived products

ATIS also gained access to GreenShift's relationships with their many licensees. For example, Sunoco. A relationship obviously already bearing fruit.

GreenShift has operated for 15 years, and in which GreenShift has many existing licensees and relationships. We’re already speaking to some of those relationships about some extremely exciting proposals involving construction of co-located biorefineries based on our combined technologies.”

They have made many announcements about acquisitions that never came to fruition. The latest being this Sonoco deal you mentioned which has yet to close.

The Sunoco deal is very near closing. Patience. They said from the beginning, it will close around the end of the quarter. One reason they haven't filed is because of the complexity of the acquisitions. Since they're behind in filing, nobody can say for certain whether previously announced acquisitions have come to fruition or not.

While the Company continues to prepare the consolidated financial statements with the assistance of outside valuation and accounting experts, as well as input from its independent auditor, management believes the Company will become current in the near future.
Certain transactions into which the Company had entered over the course of the 2018 calendar year have been complex by accounting standards. With this complexity comes certain expectations of valuations and accounting memos, and, unfortunately, during the time the Company entered into these complex transactions, the Company was replacing its previous auditor.

“It is without question that the late filings have created issues; however, we are continuing to work to complete as quickly as possible our financial statements and assist our independent auditor as they finalize their audit and review of these filings. We expect this to be achieved in the near term based on a recently prepared timeline.

GERS has been around for 10 plus years....has made nothing for people except themselves.

GERS' technology has generated many billions, with a B, in revenue for the industry. Without it, many companies wouldn't exist today. It doesn't stop with the oil technology, it never did. The ATIS partnership will jumpstart the other technology the industry desperately needs today. There's no question patent infringement hurt GERS. But the industry truly shot itself in the foot on this. That's the big play here. $100's of millions in back/future royalties are on the line. When GERS' wins, $10.00 per share will look cheap.

Kevin Kreisler cares. He put millions of his own money into the company. He found a way to stop dilution and eliminate the remaining debt. This is why GERS is up from $.007 to $.0975. I trust him 110%. Here's a quick story to give you a glimpse into his true character.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=137291188

Good Luck To All!$!$