Greenshift Corporation (GERS)

[nobody12378]

The document is absolutely silent on the word "dilution". All and all this is not the “knock-out” Q3 that we needed. Some parts are better than expected, some less. I cannot find the reason for the delay. I hope that a press release follows about something positive that is not covered here. I hope that this is not the last communication from KK and GERS until the shareholder letter next February. The statement about the large ongoing expenses of the litigation demonstrates that it is unlikely that the litigation is being conducted on a contingent basis as many believed. It was nice to see KK contribute more to the pot in terms of his own resources, but it doesn't come close to what we have put into this gambit of stock poker. Summary: there is not enough to keep the PPS at current levels until next February without an announcement. I know it appears that GERS might earn buck a share in a year or so. But that damn dilution and debt, coupled with no language stating that they expect to be on a cash basis soon may be too hard to swallow for others to buy in, for the short term. With the debt and dilution it is impossible to forecast what the denominator will be for future calculations of earnings per share. I surely hope that I am wrong.