Replies to post #47186 on Greenshift Corporation (GERS)

[nobody12378]

Several of the major "debt holders", as you call them, have forgiven payments for a defined piece of the proceeds from the litigation. You will find this sprinkled in several older filings (pre 2016).

[Dutch1]

I think you may be confusing voting rights- in which Greenshift didn't need to ask common shareholders for the okay to increase authorized shares. The voting rights of preferred shareholders for reverse splits versus the ability of Greenshift to dilute while not current with filings- that they cant do- they need to register shares..

No, tell me where I can find when they did register the shares previously after previous RS

"November 11, 2016, there were 1,413,490,221 shares of common stock outstanding
August 18, 2016, there were 646,024,221 shares of common stock outstanding.
April 22, 2016, there were 204,745,625 shares of common stock outstanding
November 20, 2015, there were 57,021,234 shares of common stock outstanding."

This was after a RS and at the first signs of dilution back then, they where just as current on their filings as they where after the last RS.
All previous RS have been followed by almost instant dumping of shares, which increased if the SP went down, so they could generate the needed money money each time.

Greenshift will have debt- debentures-derivatives
Greenshift will have to service this debt with share issuances AKA dilution.

How can you be so sure.

"The Company agreed to pay an earn-out based purchase price with a floor of $18 million. An initial payment was paid at closing in the form of restricted shares of the Company’s stock, including 180,000 shares of the Company’s Series G preferred stock. GreenShift is required to use the first proceeds received upon sale of the shares to pay or refinance its senior secured debt.

So Attis gave Greenshift as an initital payment these shares. If they sell these Attis shares, they need to use it to pay of their debt. So they need to sell the Attis shares, not their own shares do they?

It doesn't seem to me like Attis gave GERS a loan, on which GERS needs to sell their own shares to pay of ATIS. But they use the Attis shares to pay of their debt.

https://www.sec.gov/Archives/edgar/data/949721/000121390018007157/f8k052518ex10-1_attisindus.htm

"If, in the event that Seller has not been able to sell the Buyer Securities, or for any other reason, the Net Cash Proceeds are less than the Floor Price due and payable as of JUNE 1, 2022, then Buyer and Attis shall, on a joint and several basis, pay the difference between the Floor Price and the Net Cash Proceeds in full in immediately available U.S. cash funds on or before JULY 1, 2022"

Here it says Attis will even pay them cash to meet the Floorprice if the seller (Greenshift) doesn't get the 18 million from selling the ATIS shares.

Also, who says they are in such a hurry to pay off their debt with the outcome of the lawsuit closing in?

So The only likely reason you are not seeing dilution- is the company is not current with filings and is not registering new shares- the transfer agent probably hasn't been paid for some time

It's not just not seeing the dilution in the filings, its also that the dilution in the past have been real stock dumps, which you can see if you go back and watch how this traded from day to day. Those dump where something else then just some trades once in a while. It didn't matter how fast it dropped they just sold, knowing that if it came to 0.0001 the just did perform an other RS.