Replies to post #45856 on Greenshift Corporation (GERS)

[nobody12378]

Charles Schwab and E*TRADE allow online buying and selling of GERS. BUT they do not accept penny stock transfers in. This means that you will have to sell your GERS' position with TD Ameritrade and open an account with a cashier's check with a brokerage that provides online buying and selling of GERS.

I have not done a canvas of all the smaller brokerages; any others provide the needed services other than above two?

Also the DTCC chill is an issue. Because of it some brokerages will not accept electronic transfer of stock from the transfer agents; they require paper certificates. This is very expensive.

The bottom line is not positive. A major avenue to the purchase of GERS is no longer available. It is now much easier to sell than to buy and with news likely languishing for the foreseeable future -- it is hard to imagine the PPS staying at these levels. Yet, if the many GERSlanders with large positions tried to sell in order to move to other brokerages, the PPS would implode. So, many GERSlanders are stuck watching these dynamics take down the PPS.

[Harry Winston]

Anyone have a good idea for a brokerage that is better?

I have some ideas, but you will have to understand if I don't share them with you.

[Slashnuts]

E-trade works to buy GERS.

I did some digging awhile back. Ameritrade's bank is First National Bank of Omaha. Both companies are based in Nebraska. Ameritrade's new headquarters is actually less than 1 mile from FNB Omaha's headquarters.

"Wire transfers should be sent to TD AMERITRADE Institutional as follows:
First National Bank of Omaha 1620 Dodge Street, Omaha, NE 68102"

http://www.ceera.com/wp-content/uploads/2013/10/ClientArea-Forms-Instructions-Incoming-Wire.pdf

I found many examples where the defendants in the GERS' litigation have massive, multi-million dollar loans with FNB Omaha..
Cardinal Ethanol is one example...

"On January 29, 2018, Cardinal Ethanol, LLC ("Cardinal") and its primary lender, First National Bank of Omaha, executed a Twelfth Amendment.."

https://www.sec.gov/Archives/edgar/data/1352081/000135208118000006/a8-kreloanamendment.htm

If I recall correctly, another example is defendant Southwest Iowa Renewable Energy, (who is basically owned by ICM), has a member of their board of directors who is also on the board of directors of FNB Omaha.

There's other examples including defendant ICM and FNB Omaha with business relationships. I found this information interesting.

Good Luck To All!$!$