Greenshift Corporation (GERS)

[Olie77]

Let's break this down, we got some good news and some bad news

Bad news:
the R/S could result in short term GERS goes no bid and longer term potential for declining PPS. Timing of R/S is aug/Sept.

Good News:

We have reduced debt by about another $7 million, transitioned to operating income, strengthened our patent portfolio, and won substantial new business during 2011. In total, we have executed licenses with about 15% of the ethanol industry, with execution of additional licenses expected during the second half of this year. We have worked and will continue to work with our existing and new licensees to commence and maximize oil production this year, and we expect to be generating sufficient annualized sales by the end of this year to achieve profitability.

“Additional debt reduction and improvement of our balance sheet are among our previously-announced targets for the balance of this year. The reverse stock split is intended to facilitate realization of these objectives while positioning the company to take advantage of strategic growth and other opportunities as they materialize.”

I think it is good everyone has the weekend to think through their next move.