InvestorsHub Logo
Followers 11
Posts 486
Boards Moderated 0
Alias Born 02/05/2010

Re: None

Monday, 02/07/2011 3:22:25 PM

Monday, February 07, 2011 3:22:25 PM

Post# of 52845

On that, there is reason to be hopeful. Returning to positive cash flow allows us to dramatically reduce stock issuances associated with working capital financing moving forward. The vast majority of the debt reduced during 2010 involved no issuance of stock. We are confident that we can improve upon the successes achieved last year on this front, and we are currently evaluating additional opportunities to do so. Further, achieving our sales target for 2011 would be a major accomplishment for GreenShift and its shareholders for many reasons, not the least of which is that doubling penetration would allow us to pay off all remaining debt out of cash flow.



I wonder what these additional opportunities might be?

Regardless, they've set a goal for 2011 to bring another 1.3 billion ethanol under contract which will generate revenue to pay off ALL remaining debt out of cash flow.

I think they'll do it.