Greenshift Corporation (GERS)

[Skribe]

In the 10k it states that GreenShifts debt to YA Global is guaranted in full by the series D preferred shares which are convertible to common without limitation of A/S untill all debt is paid and is held by Viridis which is solely owned by Kevin Kreisler who is also the CEO of GreenShift.
So some series D pref were converted to 10 billion commons which were said to reduce debt and would later be cancelled, most or all, in a letter to a shareholder. Is it possible GreenShift is buying these from Viridis with their profits and will later cancel them?