Greenshift Corporation (GERS)

[TMH0312]

-Key Points, from what I understand-

--GERS financials have been sent to OTC Markets.

--Information will show up here assuming the statements are accepted ->
https://www.otcmarkets.com/stock/GERS/overview

--Greenshift is now CleanTech Alpha Corporation.

--CleanTech Alpha will not be acquired nor will its intellectual property, KK has tried.

--CleanTech Alpha will pursue further litigation which current shareholders will have no part in.

--The alternative path to liquidity for current GERS shareholders is receiving restricted preferred stock in Pervasip Corporation representing 85% of Pervasips outstanding equity.

--This restricted preferred stock will be issued at a premium to Pervasips current market price and this share swap will occur as a part of Pervasips recent acquisition of Artizen Corporation, after certain requirements have been met.

--Pervasip owns 100% of Artizen Corporation effective September 1st, 2021.

--The deal is structured as follows: In exchange for 850,000 shares of a newly issued restricted preferred stock (what GERS shareholders will receive, representing 85% of Pervasips outstanding equity) Pervasip receives 100% equity interest in Artizen Corporation. Pervasip Series E, F, & G preferred shares will be exchanged for the newly issued restricted preferred stock and no further changes to Pervasips share structure will occur for the next 3 years, unless approved by shareholders. The E shares gave voting control and the F & G Shares were convertible into more than 90% of the company's issued and outstanding voting and other stock. (Sounds like we may receive voting rights which would be cool?)

--What is Preferred Stock you ask?
- Here's a wiki page, because I don't have time to lay out all the different flavors and complexities -> https://en.wikipedia.org/wiki/Preferred_stock

--What is Restricted Stock you ask?
-Restricted stock is stock of a company that is not fully transferable until certain conditions have been met. Upon satisfaction of those conditions, the stock is no longer restricted and becomes transferable to the person holding the award (that last part is us).
Oh and here are some videos -

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--What are the types of Preferred Shares that can be issued, you may ask?

-When a corporation issues preferred stock, the preferred stock may hold the following properties:
-Noncumulative preferred stock is preferred stock on which the right to receive a dividend expires whenever the dividend is not declared. This means that if the company does not declare dividends this year they do not have to pay preferred shareholders the guaranteed dividend amount.

-Cumulative preferred stock is preferred stock for which the right to receive a basic dividend accumulates if the dividend is not paid. Companies must pay unpaid cumulative preferred dividends before paying any dividends on the common stock. This means if the company does not declare dividends this year, the amount owed from this year will rollover to next year. Preferred shareholders must receive all dividends owed before common shareholders can get a dividend.

-Convertible preferred stock is preferred stock that is convertible into common stock of the issuing corporation. Many preferred stocks do not carry this special feature; they are nonconvertible. Holders of convertible preferred stock shares may exchange them, at their option, for a certain number of shares of common stock of the same corporation.

-Callable preferred stock means that the corporation can inform nonconvertible preferred stockholders that they must surrender their stock to the company. Also, convertible preferred stockholders must either surrender their stock or convert it to common shares. Most preferred stocks are callable at the option of the issuing corporation. Preferred shares are usually callable at par value plus a small premium of 3 or 4 % of the par value of the stock. This call premium is the difference between the amount at which a corporation calls its preferred stock for redemption and the par value of the preferred stock.

Primary take away-> Make sure you read up on the Preferred information when the details are released so you know exactly what you own.

Also, what a freaking mess =)