Just to keep it real. Here is a little more stuff you should of known. This stock is just another company in the KK web. IMO
COMPENSATION OF DIRECTORS
Our directors are reimbursed for out-of-pocket expenses incurred on our behalf, but receive no additional compensation for service as directors.
ITEM 12 SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
The following table sets forth information regarding the voting stock beneficially owned by any person who, to our knowledge, owned beneficially more than 5% of any class of voting stock as well as by the members of our Board of Directors and by all officers and directors as a group.
Amount and Nature of Beneficial Ownership ------------------------------------------------------------------ Name and Address(1) Series D Percentage of Of Beneficial Owner Common % of Class Preferred % of Class Voting Power ------------ ----------- ----------- ----------- ------------- <S> <C> <C> <C> <C> <C> Kevin Kreisler(2), 400,320,000 80.0% -- -- 80.00%
Glen Courtright 7,000,000 1.2% -- -- 1.2% <FN> (1) The address of each shareholder is One Penn Plaza, Suite 1612, New York, NY 10119. (2) All shares listed for Mr. Kreisler are owned of record by Viridis Capital, LLC, of which Mr. Kreisler is the sole member. </FN>
As of December 31, 2008 the Company had a convertible debenture payable to Minority Interest Fund (II), LLC ("MIF") in the amount of $432,932. This debenture was originally issued to GreenShift Corporation and was subsequently acquired by MIF during the year ended December 31, 2008. The debenture payable to MIF shall bear interest at a rate of 10% per year and matures December 31, 2010. MIF is entitled to convert the accrued interest and principal of the debenture into common stock of the Company at a conversion price of $0.0001 per share. The managing member of MIF is a relative of Kevin Kreisler, the Company's chairman.