Greenshift Corporation (GERS)

[Olie77]

I agree with you

The YA debt has to go first - that's about 27m now - though the quarterly mentioned close to 5m of YA debt being purchased by 2 investors. If that debt goes to MIF, Viridis, or one of the other friendly creditors Im much less concerned.

As the debt is reduced I beleive KK will continue the conversion his preferreds and cancel the shares. they are collateral for teh YA debt so this cannot be done all at once.

This will get us to the 'simplified capital structure' that is a major goal for the company in 2011.

1. avoid BK, PROTECT THE PATENTS
2. pay off toxic debt with cash from revs, not stock
3. Get rid of preferreds that scare new investors with the threat of massive dilution

...then maybe a buy back, but at that point, it may not matter!

Go GERS