Greenshift Corporation (GERS)

[mitoo]

giving gs assets away, with nothing in return, sounds like a breach of his "fiduciary obligation" to gs.
owning a company that competes with gs seems a "conflict of interest" which may also amount to a breach of that obligation. if true, this suggests to me that gs is a de facto shell, a circumstance denied in the filings, which i think would be an sec violation and "fraud." if borne out, my question is what proceedings common shareholders are able to institute right now?