Greenshift Corporation (GERS)

[oldrogue]

It was Slashnuts post # 52259

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

I “ ran “ with this to post to discuss more of the possibilities of the preferred shares I’m guilty!

Oldrogue.