Replies to post #48727 on Greenshift Corporation (GERS)

[Harry Winston]

GERS is perceived by some as lacking SEC filings due to nefarious reasons ....

This pitiful excuse for a publicly-traded company hasn't sent anything to the SEC since the third quarter of 2016. That fact is no longer disputable.

The only thing anyone can argue about is Kevin's mindset. The Management Update that is dated last October 1st is now more than seven months old. As more time passes, the reasons for not bringing their filings up-to-date are less and less unclear. In addition, the company makes a "straw man" argument in their own staement, as I've said more than once on this board.

The stakes couldn’t be more material. We have about 30 million shares outstanding. Full conversion of our legacy debt at $0.10 per share would increase our outstanding stock by more than 160 million shares. That amount obviously increases as the price decreases; for example, to 1.6 billion shares at $0.01 per share, 16 billion shares at $0.001 per share, and 160 billion shares at $0.0001 per share.

First, let me be clear. This is a straight-line conversion rate, as restated in the following table.
160 million shares @ 10¢/share
1.6 billion shares @ 1¢/share
16 billion shares @ 1/10th of a penny per share

Because this is a straight-line conversion rate, the same rate can be applied at the other end of the scale. If the stock price rises instead of falling, then fewer shares would be converted into new common shares, thus diluting the value of it by a much smaller amount.

16 million shares @ $1/share

This is only about half of the number of outstanding shares that Kevin said the company had when he put out this statement.

Let's say, hypothetically, that the company's fundamentals are now badly underrated. Let's say that Greenshift has doubled the number of licensees that it had three years ago and that the license revenue has tripled. Let's say that the company now has an operating profit and that they're investing this income stream in new technology, they're hoping to grow their business and that they're in talks with the NASDAQ to list the stock.

Why wouldn't the company want to tell the current stockholders and the rest of the world about this wonderful news?

The fact that the company hasn't announced this is simple. They don't have any good news to report, so they've wisely chosen to keep all of us in the dark about it.

Transparency in a company's management is one of the prime factors in my decision to invest in their stock. The 10-K for 2016 is the first missing SEC filing. All of the 10-Qs for the first three quarters of 2016 were filed on-time, so the absence of the 10-K is very noticeable. Why did the company stop then? Did something happen in the fourth quarter that they didn't want to tell the shareholders about? Could this mysterious news have been the transfer of their Series G stock from Bitzio to Viridis, which were mentioned by the SEC filings of other companies?