Replies to post #10730 on Greenshift Corporation (GERS)

[GregoryM]

Were did you find any info about Viridis recent tradeing on Skunks blog??

From the 10Q

Between October 1, 2010 and November 23, 2010, the Company issued a total of 843,612,286 common shares upon conversion of debt, as well as 10,000,000,000 shares of restricted common stock issued to Viridis Capital, LLC (“Viridis”) on November 19, 2010 upon conversion of 9,931 shares of Series D Preferred Stock held by Viridis, the Company’s majority shareholder. Viridis is subject to a lock-up agreement executed in favor of YA Global pursuant to which Viridis is prohibited from pledging, hypothecating, selling or in any way transferring its common or preferred stock in the Company including the shares described above.



The 10B shares was issued from a conversion of series D preferred stock. It is a hight number but when the stock is bouncing between .0001 and .0002 its gona be high.
YA Global is funding GERS and has about $41 million lent out to them. Kevin has put up basicaly everything (including Viridis) as collateral

Greg