Greenshift Corporation (GERS)

[Slashnuts]

I think it's restricted preferred shares, not common, and won't be dilutive to PVSP shareholders.

We are pleased that the acquisition brings an established business to Pervasip without issuing additional shares of common stock."

whatever is in my brokerage account I will immediately jettison it...And that is what does not bode well for current PVSP shareholders.

I disagree. It seems they will be restricted preferred shares.

According to the final agreements, the Company agreed to acquire 100% of Artizen with an effective date of September 1, 2021, in exchange for 850,000 shares of a newly-designated restricted preferred stock.

GERS owns equity in Artizen. Pervasip is paying for the acquisition with restricted preferred stock. Note: The preferred shares are issuable, as in not yet issued and they will correspond to 85% of the equity.

Mr. Riss added, "The agreements called for me to surrender my Series E, F and G preferred shares so the Company can pay for the acquisition with the new preferred shares. The Series E shares gave me voting control, while the Series F and G shares are convertible into more than 90% of the Company's issued and outstanding voting and other stock. The new preferred shares issuable in the Artizen acquisition will correspond to 85% of the Company's outstanding equity.

Good Luck To All!$!$