I get totally confused with all that Greenshift Garbage..I thought they just went thru a bunch of r/ms and r/s and all that stuff and some on this board were looking for Tom to aquire CleanTech...Oh I dunno....
Share structure looks eerily similar to SWVC's. I thought those preferred stock were only meant to be a poison pill? Someone must be wanting to take over the company. See bold below:
The second reason for the reverse split is to make shares of authorized common stock available for issuance upon the conversion or exercise of derivative securities that are currently outstanding. GS CleanTech Corporation currently holds 1,000,000 shares of Series C Preferred Stock that are convertible into Company common stock equal to 80% of the fully diluted capital stock of the Company. One effect of the Reverse Split will be to make available authorized shares for issuance upon conversion of the preferred shares.
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