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Thursday, 06/09/2011 1:20:45 PM

Thursday, June 09, 2011 1:20:45 PM

Post# of 52928
Can we get an exemption from Dodd-Frank???

Dodd-Frank has severely curtailed GERS' ability to repurchase large blocks of stock on the open market, which is the key to a significant increase in the share price.

Prior to Dodd-Frank, Greenshift could repurchase large blocks of stock on the open market, significantly reducing the number of outstanding shares.

Now, under Dodd-Frank, Greenshift can only repurchase 25% of the 4-week ADTV each day. At current volume levels, that comes to only $4,500 per day. It would take more than 2 years, at $4,500 per day, to buyback $2.0 Million of stock (about 10 Billion shares at $0.0002).

That's the bad news. The good news is that Greenshift can apply for an exemption to that rule.

http://www.sec.gov/rules/exempt.shtml

If the exemption is approved, then GERS can repurchase large blocks of stock on the open market.

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y