New email message from Kevin Kreisler was just posted over at RB by the person who received it this morning. FYI...
1 - There is no plan to reverse-split INSEQ. We intend to convert GreenShift's stake into a simple form of preferred at 12/31/05 with a face value equal to 70% of INSEQ's intrinsic value as of that date.
Additionally, after acquiring sufficient positive cash flows via IMS and our other pending and targeted acquisitions, it is our intention to seek out ways to buy back stock.
2 - Despite the day to day market fluctuations of GSHF, INSQ and VRDM, ,each company continues to execute on plan and on budget for this year.
Their respective financial statements for the third quarter will reflect this, and we will provide additional updates as and when appropriate relative to our ongoing initiatives.
3 - Key goals for this quarter remain:
(a) completing our pending acquisitions and investments,
(b) securing additional contracts for and initiating cash flows with GSHF's various technologies,
(c) bringing GreenWorks and Tornado Trash into public vehicles, a % of which we intend to spin-out to the GSHF shareholders,
(d) completing and filing our many patents associated with our first wave of green appliances and other new technologies,
(e) completing our next generation prototype of a small-scale commercial, high-end residential consumer, version of our Tornado Generator,
(f) and securing lower cost financing.
Regards,
Kevin Kreisler
GreenShift Corporation
AI
