Greenshift Corporation (GERS)

[Dutch1]

“I really don't know the total number of shares the creditors have, but it seems to be a sizable portion, probably many times over what we hold as Investors”

Something I wrote before:

From the most recent 10K

https://www.greenshift.com/content/secfilings/pdf/GERS_10K_2015.pdf

“As of December 31, 2015, the Company had $1,877,991 in cash, and current liabilities exceeded current assets by about $11.5 million, which included derivative liabilities of $7,148,016 and $4,343,696 in convertible debentures”

Over 4.3 million dollar convertible debt means that even if it was all converted at 6 cents, it would increase the float with over 60 million shares. Meaning each share would be worth less than 1/4 of its value now. Also the litigation windfall for the common shareholders would be slashed by four.

That would be if it was all converted at the same price.