Viridis Asset Management, LLC (my holding company) and its assigns beneficially own 80% of GreenShift’s fully-diluted issued and outstanding capital stock in the form of preferred equity.
This one sentence, made as part of a public statement that the ompany made last October, less than six months ago, will discourage many potential investors from buying a significant amount of shares of the stock in the Greenshift Corporation, regardless of the recent and dramatic rise of the stock price, regardless of the kinds of products that they offer, and even regardless of the status of their lawsuit.
The latest information given to us by the company is that nobody, not even someone who wins a multi-million-dollar lottery jackpot, can buy more than 20% of the 20 million outstanding shares. Nobody can buy more than 4 million shares which have recently traded at 25¢. Nobody, not even someone who won $50 million in a lottery jackpot, is allowed to spend more than $1 million to buy some GERS shares.