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Tuesday, March 01, 2011 1:16:17 PM
Dear Shareholder:
As you may know, GreenShift Corporation common stock has historically traded on the Over the Counter Bulletin Board, or OTCBB.
A company called OTC Markets Group provides the primary venue for the quotation and trading of OTC securities today. This venue is an electronic interdealer quotation and trading system that is used by market makers, broker-dealers and ECNs. According to OTC Markets Group, this system provides an efficient and less expensive alternative to traditional, exchange-based markets for quotation and trading of stock in small public companies.
OTC Markets Group recently reorganized the OTC marketplace into three tiers according to the level of disclosure companies provide to investors and other criteria: OTCQX, OTCQB and OTC Pink. GreenShift Corporation has been assigned to the OTCQB tier, which is designed for smaller companies that are fully compliant and current in their reporting requirements.
We are given to understand that thousands of companies were moved to OTCQB during February 2011 as a result of the OTC Markets Group reorganization. We additionally understand that this reorganization has caused delays to occur in transfers of GreenShift Corporation common stock. We have no information regarding when these delays will be resolved, but believe the situation will self-correct.
GreenShift is a fully reporting company in full compliance with all applicable rules and regulations. We are aware of no other basis for any delay you may have experienced with respect to execution of your investment decisions involving GreenShift common stock.
Additional information regarding the OTC Markets Group reorganization and the OTCQB is available online at http://www.otcmarkets.com/otcqb/learn/market-structure.
Regards,
Investor Relations
GreenShift Corporation
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