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Re: ezxccsc post# 94

Tuesday, 05/06/2008 5:14:04 PM

Tuesday, May 06, 2008 5:14:04 PM

Post# of 696
I agree about ZERO/point, That belongs to gs carbon corp along with some other clean fuel tech that I think ZERO needed my trail points to them.

On July 1, 2007, Seaway Capital, Inc. acquired GreenShift's entire controlling
stake in GS Carbon Corporation in return for the assumption of $498,074 legacy
debt and $1,117,719 Highgate debt. As part of that transaction, GS Carbon's
historical operating businesses were acquired by GreenShift Corporation
affiliate, GS CleanTech Corporation (See Note 7).

On July 1, 2007 the Company sold 100% of the capital stock of GS Carbon Trading,
Inc., which owns certain cost and equity method investments, to GS CleanTech
Corporation in return for the assumption by GS CleanTech of a $1,125,000
convertible debenture. (See Note 7)

On October 23, 2006 GS Carbon acquired General Ultrasonics from its parent
Greenshift Corporation for the assumption of the liabilities and General
Ultrasonics' ongoing cash needs. The acquisition was treated as a common control
acquisition under the provisions of Appendix D of SFAS No. 141, Business
Combinations


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