Greenshift Corporation (GERS)

[Olie77]

From the 10q...NOTE 12 GUARANTY AGREEMENT


Both Viridis Capital, LLC (“Viridis”), the majority shareholder of the Company, and its sole member, Kevin Kreisler, the Company’s chairman, have guaranteed nearly all of the Company’s senior debt (in the outstanding amount of $41,346,430), and Viridis has pledged all of its assets, including its shares of Company Series D Preferred Stock, to YA Global Investments, LP (“YA Global”), to secure the repayment by the Company of its obligations to YA Global.

Viridis capital(KK) is referred to as the majority shareholder in this and prior 10qs and has been gaurantor on Greeshift debt to YA Global.

Events after the 10Q...What does it mean now that the serires D preferred pledged to secure payment has been converted to common???